RIGHT OF USE ASSET AND LEASE LIABILITY |
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| Right Of Use Asset And Lease Liability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RIGHT OF USE ASSET AND LEASE LIABILITY |
The Company’s leases consist of land and buildings and equipment used in the cultivation, processing, and warehousing of its products. The leases were classified as either operating leases or finance leases in accordance with ASC 842, Leases.
The lease term includes available extension options where the Company anticipates execution of such option.
A summary of the Company’s weighted average discount rate and weighted average remaining lease term as of December 31, 2025 is as follows:
On December 5, 2025, GR Unlimited entered into a sublease for the Minnesota property. The sublease will remain in effect until the facility receives operational approval. Rental income earned under the sublease is due one-year from the date that GR Unlimited receives operational approval.
A summary of the maturity of contractual undiscounted liabilities associated with the Company’s operating leases and finance leases as of December 31, 2025 is as follows:
For the year ended December 31, 2025, the Company incurred operating lease costs in continuing operations of $1,953,327 (year ended December 31, 2024 - $1,819,206). Of this amount, $1,953,327 (year ended December 31, 2024 - $1,819,206) was allocated to inventory. |
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