Hydrofarm (HYFM) 10-Q 9 Aug 22 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2022	Jul. 31, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	001-39773
Entity Registrant Name	Hydrofarm Holdings Group, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	81-4895761
Entity Address, Address Line One	1510 Main Street
Entity Address, City or Town	Shoemakersville
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19526
City Area Code	707
Local Phone Number	765-9990
Title of 12(b) Security	Common Stock, $0.0001 par value per share
Trading Symbol	HYFM
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		45,094,226
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001695295
Current Fiscal Year End Date	--12-31

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 26,447,000	$ 26,607,000
Restricted cash	998,000	1,777,000
Accounts receivable, net	32,046,000	41,484,000
Inventories	157,348,000	189,134,000
Notes receivable	475,000	622,000
Prepaid expenses and other current assets	9,757,000	9,760,000
Total current assets	227,071,000	269,384,000
Property, plant and equipment, net	52,622,000	50,473,000
Operating lease right-of-use assets	51,923,000	45,245,000
Goodwill	0	204,868,000
Intangible assets, net	313,464,000	314,819,000
Other assets	4,169,000	6,453,000
Total assets	649,249,000	891,242,000
Current liabilities:
Accounts payable	23,687,000	26,685,000
Accrued expenses and other current liabilities	26,130,000	33,996,000
Deferred revenue	11,333,000	18,273,000
Current portion of lease liabilities	8,130,000	7,198,000
Current portion of long-term debt	2,125,000	2,263,000
Total current liabilities	71,405,000	88,415,000
Long-term lease liabilities	44,705,000	38,595,000
Long-term debt	119,019,000	119,517,000
Deferred tax liabilities	0	5,631,000
Other long-term liabilities	4,882,000	3,904,000
Total liabilities	240,011,000	256,062,000
Commitments and contingencies (Note 13)
Stockholders’ equity
Common stock ($0.0001 par value; 300,000,000 shares authorized; 45,011,652 and 44,618,357 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively)	4,000	4,000
Additional paid-in capital	779,911,000	777,074,000
Accumulated other comprehensive loss	(3,553,000)	(1,382,000)
Accumulated deficit	(367,124,000)	(140,516,000)
Total stockholders’ equity	409,238,000	635,180,000
Total liabilities and stockholders’ equity	$ 649,249,000	$ 891,242,000

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	300,000,000	300,000,000
Common stock, shares issued (in shares)	45,011,652	44,618,357
Common stock, shares outstanding (in shares)	45,011,652	44,618,357

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Net sales	$ 97,508	$ 133,800	$ 208,885	$ 245,189
Cost of goods sold	90,169	104,210	184,940	192,376
Gross profit	7,339	29,590	23,945	52,813
Operating expenses:
Selling, general and administrative	25,974	27,259	66,221	44,100
Impairment charges	189,572	0	192,328	0
(Loss) income from operations	(208,207)	2,331	(234,604)	8,713
Interest expense	(2,424)	(54)	(4,790)	(144)
Loss on debt extinguishment	0	0	0	(680)
Other income, net	458	43	356	127
(Loss) income before tax	(210,173)	2,320	(239,038)	8,016
Income tax benefit (expense)	6,861	(63)	12,430	(819)
Net (loss) income	$ (203,312)	$ 2,257	$ (226,608)	$ 7,197
Net (loss) income per share:
Basic (in dollars per share)	$ (4.53)	$ 0.06	$ (5.06)	$ 0.20
Diluted (in dollars per share)	$ (4.53)	$ 0.05	$ (5.06)	$ 0.18
Weighted-average shares of common stock outstanding:
Basic (in shares)	44,910,193	37,862,417	44,814,881	35,792,374
Diluted (in shares)	44,910,193	42,044,929	44,814,881	40,523,686

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (203,312)	$ 2,257	$ (226,608)	$ 7,197
Other comprehensive (loss) income:
Foreign currency translation (loss) gain	(4,355)	380	(2,171)	603
Total comprehensive (loss) income	$ (207,667)	$ 2,637	$ (228,779)	$ 7,800

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (UNAUDITED) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive (Loss) Income	Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2020		33,499,953
Beginning balance at Dec. 31, 2020	$ 210,918	$ 3	$ 364,248	$ 599	$ (153,932)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued upon exercise of options (in shares)		101,947
Common stock issued upon exercise of options	859		859
Issuance of common stock for vesting of restricted stock units (in shares)		365,747
Shares repurchased for withholding tax on restricted stock units (in shares)		(146,660)
Shares repurchased for withholding tax on restricted stock units	(8,821)		(8,821)
Issuance of common stock under cashless warrant exercise (in shares)		341,262
Issuance of common stock under investor warrant exercise (in shares)		1,351,530
Issuance of common stock under investor warrant exercise	22,787		22,787
Issuance of common stock in connection with follow-on public offering, net of offering costs (in shares)		5,526,861
Issuance of common stock in connection with follow-on public offering, net of offering costs	309,782	$ 1	309,781
Issuance of common stock in connection with business combination (in shares)		255,945
Issuance of common stock in connection with business combination	16,736		16,736
Stock-based compensation expense	2,100		2,100
Net (loss) income	7,197				7,197
Foreign currency translation (loss) gain	603			603
Ending balance (in shares) at Jun. 30, 2021		41,296,585
Ending balance at Jun. 30, 2021	562,161	$ 4	707,690	1,202	(146,735)
Beginning balance (in shares) at Mar. 31, 2021		33,970,364
Beginning balance at Mar. 31, 2021	211,848	$ 3	360,015	822	(148,992)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued upon exercise of options (in shares)		69,675
Common stock issued upon exercise of options	587		587
Issuance of common stock for vesting of restricted stock units (in shares)		151,423
Shares repurchased for withholding tax on restricted stock units (in shares)		(58,300)
Shares repurchased for withholding tax on restricted stock units	(3,315)		(3,315)
Issuance of common stock under cashless warrant exercise (in shares)		29,087
Issuance of common stock under investor warrant exercise (in shares)		1,351,530
Issuance of common stock under investor warrant exercise	22,787		22,787
Issuance of common stock in connection with follow-on public offering, net of offering costs (in shares)		5,526,861
Issuance of common stock in connection with follow-on public offering, net of offering costs	309,782	$ 1	309,781
Issuance of common stock in connection with business combination (in shares)		255,945
Issuance of common stock in connection with business combination	16,736		16,736
Stock-based compensation expense	1,099		1,099
Net (loss) income	2,257				2,257
Foreign currency translation (loss) gain	380			380
Ending balance (in shares) at Jun. 30, 2021		41,296,585
Ending balance at Jun. 30, 2021	$ 562,161	$ 4	707,690	1,202	(146,735)
Beginning balance (in shares) at Dec. 31, 2021	44,618,357	44,618,357
Beginning balance at Dec. 31, 2021	$ 635,180	$ 4	777,074	(1,382)	(140,516)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued upon exercise of options (in shares)	8,283	8,283
Common stock issued upon exercise of options	$ 75		75
Issuance of common stock for vesting of restricted stock units (in shares)		540,178
Shares repurchased for withholding tax on restricted stock units (in shares)		(155,265)
Shares repurchased for withholding tax on restricted stock units	(2,219)		(2,219)
Issuance of common stock under cashless warrant exercise (in shares)		99
Stock-based compensation expense	4,981		4,981
Net (loss) income	(226,608)				(226,608)
Foreign currency translation (loss) gain	$ (2,171)			(2,171)
Ending balance (in shares) at Jun. 30, 2022	45,011,652	45,011,652
Ending balance at Jun. 30, 2022	$ 409,238	$ 4	779,911	(3,553)	(367,124)
Beginning balance (in shares) at Mar. 31, 2022		44,822,866
Beginning balance at Mar. 31, 2022	615,457	$ 4	778,463	802	(163,812)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued upon exercise of options (in shares)		518
Common stock issued upon exercise of options	5		5
Issuance of common stock for vesting of restricted stock units (in shares)		262,176
Shares repurchased for withholding tax on restricted stock units (in shares)		(73,908)
Shares repurchased for withholding tax on restricted stock units	(630)		(630)
Stock-based compensation expense	2,073		2,073
Net (loss) income	(203,312)				(203,312)
Foreign currency translation (loss) gain	$ (4,355)			(4,355)
Ending balance (in shares) at Jun. 30, 2022	45,011,652	45,011,652
Ending balance at Jun. 30, 2022	$ 409,238	$ 4	$ 779,911	$ (3,553)	$ (367,124)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021
Issuance of common stock in connection with follow-on public offering, net of offering cost	$ 16,303	$ 16,303

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating activities
Net (loss) income	$ (226,608)	$ 7,197
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation, depletion and amortization	24,776	3,778
Provision for inventory obsolescence	13,443	143
Stock-based compensation expense	4,981	2,100
Non-cash operating lease expense	4,804	2,071
Impairment charges	192,328	0
Change in fair value of contingent consideration	(1,560)	260
Deferred income tax benefit	(12,430)	0
Other	375	884
Changes in assets and liabilities:
Accounts receivable	6,182	(5,055)
Inventories	21,301	(27,293)
Prepaid expenses and other current assets	(814)	(323)
Other assets	(118)	(1,025)
Accounts payable	(2,893)	8,350
Accrued expenses and other current liabilities	(6,381)	10,403
Deferred revenue	(6,708)	(130)
Lease liabilities	(3,375)	(1,851)
Other long-term liabilities	(35)	(10)
Net cash from (used in) operating activities	7,268	(501)
Investing activities
Business combinations, net of cash and cash equivalents	190	(195,816)
Purchases of property, plant and equipment	(4,522)	(691)
Other	(411)	(100)
Net cash used in investing activities	(4,743)	(196,607)
Financing activities
Proceeds from issuance of common stock upon follow-on public offering, net of offering costs	0	309,798
Proceeds from exercises of investor warrants	0	20,295
Payment of withholding tax related to restricted stock units	(2,105)	(14,910)
Borrowings under revolving credit facilities	646	69,923
Repayments of revolving credit facilities	(781)	(69,716)
Repayments of long-term debt Term Loan	(625)	0
Other	(484)	57
Net cash (used in) from financing activities	(3,349)	315,447
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(115)	73
Net (decrease) increase in cash, cash equivalents and restricted cash	(939)	118,412
Cash, cash equivalents and restricted cash at beginning of period	28,384	76,955
Cash, cash equivalents and restricted cash at end of period	$ 27,445	$ 195,367

DESCRIPTION OF THE BUSINESS

DESCRIPTION OF THE BUSINESS	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF THE BUSINESS	DESCRIPTION OF THE BUSINESS Description of the business Hydrofarm Holdings Group, Inc. and its subsidiaries (collectively, the “Company”) was formed in May 2017 under the laws of the state of Delaware to acquire and continue the business of Hydrofarm, LLC established in 1977. The Company is a leading independent manufacturer and distributor of controlled environment agriculture (“CEA”, principally hydroponics) equipment and supplies, including a broad portfolio of proprietary branded products. Products offered include agricultural lighting devices, indoor climate control equipment, hydroponics and nutrients, and plant additives used to grow, farm and cultivate cannabis, flowers, fruits, plants, vegetables, grains and herbs in controlled environment settings that allow end users to control key farming variables including temperature, humidity, CO 2 , light intensity and color, nutrient concentration and pH. Initial public offering and follow-on public offering On December 14, 2020, the Company closed its initial public offering (“IPO”) under a registration statement effective December 9, 2020, in which it issued and sold 9,966,667 shares of its common stock, including the full exercise by the underwriters of their option to purchase 1,300,000 additional shares of common stock. The public offering price was $20.00 per share. The Company received net proceeds of $182,271 from the IPO after deducting underwriting discounts and commissions and offering expenses, of which $148 of offering expenses were paid in 2021.

BASIS OF PRESENTATION AND SIGNI

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries and have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the requirements of the U.S. Securities and Exchange Commission (“SEC”) for interim financial reporting. As permitted under those rules, certain footnotes or other financial information that are normally required by U.S. GAAP can be condensed or omitted. These condensed consolidated financial statements have been prepared on the same basis as the Company's annual consolidated financial statements and, in the opinion of management, reflect all normal and recurring adjustments which are necessary for the fair statement of the Company’s financial information. These interim results are not necessarily indicative of the results to be expected for the fiscal year ending December 31, 2022, or for any other interim period or for any other future year. All intercompany balances and transactions have been eliminated in consolidation. The Company reclassified the balance within "Impairment, restructuring and other" on the condensed consolidated statements of operations for the prior period into "Selling, general and administrative expenses" to conform to the current period presentation. The Company reclassified the balance of customer deposits previously reported in "accounts payable" into "deferred revenue" in the condensed consolidated balance sheet as of December 31, 2021, to conform to the current period presentation. The amount totaled $18,273 as of December 31, 2021. The condensed consolidated balance sheet as of December 31, 2021, has been derived from the audited consolidated financial statements of the Company, which is included in the Company's Annual Report on Form 10-K for the year ended December 31, 2021 ("2021 Annual Report"). These condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and the notes thereto included in the 2021 Annual Report. Use of estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates are based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Significant estimates include provisions for sales returns, rebates and claims from customers, realization of accounts receivable and inventories, fair value of assets acquired and liabilities assumed for business combinations, valuation of intangible assets and goodwill, estimated useful lives of long lived assets, incremental borrowing rate applied in lease accounting, valuation of stock-based compensation, recognition of deferred income taxes, recognition of liabilities related to commitments and contingencies and valuation allowances. Actual results may differ from these estimates. On an ongoing basis, the Company reviews its estimates to ensure that these estimates appropriately reflect changes in its business or new information available. Business combinations Acquisitions of businesses are accounted for using the acquisition method. The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition date fair values of the assets transferred, liabilities incurred to the former owners of the acquiree, and the equity interests issued in exchange for control of the acquiree. Acquisition related costs are recognized in net income (loss) as incurred. When the consideration transferred in a business combination includes assets or liabilities resulting from a contingent consideration arrangement, the contingent consideration is measured at its acquisition date fair value and included as part of the consideration transferred in a business combination. Contingent consideration is established for business acquisitions where the Company has the obligation to transfer additional assets or equity interests to the former owners if specified future events occur or conditions are met. Contingent consideration is classified as a liability when the obligation requires settlement in cash or other assets and is classified as equity when the obligation requires settlement in the Company's own equity instruments. Changes in the fair value of the contingent consideration that qualify as measurement period adjustments are adjusted retrospectively, with a corresponding adjustment to goodwill. Measurement period adjustments are adjustments that arise from additional information obtained during the measurement period (which cannot exceed one year from the acquisition date) about facts and circumstances that existed at the acquisition date. All other subsequent changes in the fair value of contingent consideration classified as a liability are included in net income (loss) in the period. Changes in the fair value of contingent consideration classified as equity are not recognized. For a given acquisition, the Company may identify certain pre-acquisition contingencies as of the acquisition date and may extend its review and evaluation of these pre-acquisition contingencies throughout the measurement period to obtain sufficient information to assess these contingencies as part of acquisition accounting, as applicable. Goodwill is measured as the excess of the sum of the consideration transferred, the amount of any non‑controlling interests in the acquiree, and the fair value of the acquirer’s previously held equity interest in the acquire (if any) over the net of the acquisition‑date fair value amounts of the identifiable assets acquired, and the liabilities assumed. If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the Company reports provisional amounts for the items for which the accounting is incomplete. Those provisional amounts are adjusted during the measurement period, or additional assets or liabilities are recognized, to reflect new information obtained about facts and circumstances that existed at the acquisition date that, if known, would have affected the amounts recognized at that time. Upon conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to net income (loss). Segment and entity-wide information Segment information The Company's chief operating decision maker is the chief executive officer ("CEO") who reviews financial information for the purposes of making operating decisions, assessing financial performance, and allocating resources. The business is organized as two operating segments, the U.S. and Canada, which meet the criteria for aggregation, and the Company has elected to present them as one reportable segment, which is the distribution and manufacture of CEA equipment and supplies. Aggregation is based on similarities which include the nature of its products, production or acquisition of inventory, customer base, fulfillment and distribution and economic characteristics. Since the Company operates as one reportable segment, all required segment financial information is found in the condensed consolidated financial statements and footnotes with entity-wide disclosures presented below. Entity-wide information Sales to external customers and property, plant and equipment, net in the United States and Canada, determined by the location of the subsidiaries, were as follows: Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 United States $ 79,236 $ 111,356 $ 172,094 $ 202,028 Canada 19,337 23,832 40,839 46,096 Intersegment eliminations (1,065) (1,388) (4,048) (2,935) Total consolidated net sales $ 97,508 $ 133,800 $ 208,885 $ 245,189 June 30, December 31, United States $ 85,523 $ 85,167 Canada 19,022 10,551 Total property, plant and equipment, and operating lease right-of-use assets, net $ 104,545 $ 95,718 All of the products sold by the Company are similar and classified as CEA equipment and supplies. The Company’s underlying accounting records currently do not support presentation of disaggregated net sales and any attempt to report them would be impracticable. Note receivable In 2019, the Company executed a note receivable secured by equipment to a third-party, the terms of which were amended and restated during the first quarter of 2021. The note receivable provided for interest and installment payments to the Company, and full maturity of the note in 2024. During the first quarter of 2022, the third-party defaulted on interest payments, and the Company measured an impairment on the note receivable based on the estimated fair value of the collateral. The Company recorded impairment losses of zero and $2,636 during the three and six months ended June 30, 2022, respectively, in “Impairments” on the condensed consolidated statements of operations. As of June 30, 2022, the note receivable carrying value was $475. Revenue recognition The Company follows Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers (“ASC 606”) which requires that revenue recognized from contracts with customers be disaggregated into categories that depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. The Company has determined that revenue is generated from one category, which is the distribution and manufacture of controlled environment agriculture equipment and supplies. Revenue is recognized as control of promised goods is transferred to customers which generally occurs upon receipt at customers’ locations determined by the specific terms of the contract. Arrangements generally have a single performance obligation and revenue reported is comprised of fixed consideration and variable consideration which includes applicable volume rebates, cash discounts and sales returns and allowances. Variable consideration is estimated and recorded at the time of sale. The amount billed to customers for shipping and handling costs included in net sales was $3,679 and $7,558 during the three and six months ended June 30, 2022, respectively, and $1,683 and $2,928 during the three and six months ended June 30, 2021, respectively. Shipping and handling costs that occur before the customer obtains control of the goods are deemed to be fulfillment activities and are accounted for as fulfillment costs included in cost of goods sold. The Company does not receive noncash consideration for the sale of goods. Contract consideration received from a customer prior to revenue recognition is recorded as a contract liability and is recognized as revenue when the Company satisfies the related performance obligation under the terms of the contract. The Company's contract liabilities, which consist primarily of customer deposits, are reported within deferred revenue in the condensed consolidated balance sheets, totaled $11,333 and $18,273 as of June 30, 2022, and December 31, 2021, respectively. There are no significant financing components. Excluded from revenue are any taxes assessed by governmental authorities, including value-added and other sales-related taxes that are imposed on and concurrent with revenue-generating activities. Intangible assets and goodwill Definite-lived intangible assets are amortized using the straight-line method over their estimated useful lives. The Company has one trade name that is considered to have an indefinite useful life. Intangible assets with finite lives are reviewed for impairment when events or changes in circumstances indicate that the carrying amount may not be recoverable. Goodwill represents the excess of the acquisition price of an acquired business over the fair value of the identifiable assets acquired and liabilities assumed in a business combination less any subsequent write-downs for impairment. Goodwill is tested for impairment on an annual basis in the fourth quarter and more frequently if indicators of potential impairment exist. Impairment testing is conducted at the reporting unit level, which is generally defined as an operating segment or one level below an operating segment (also known as a component), for which discrete financial information is available and segment management regularly reviews the operating results. The Company has determined that its reporting units for the purpose of goodwill impairment testing are the United States ("U.S.") and Canada. Goodwill impairment reviews include performing either an initial qualitative or quantitative evaluation for each of the reporting units. Several methods may be used to estimate a reporting unit’s fair value, including market quotations, asset and liability fair values and other valuation techniques. If the carrying amount of a reporting unit, including goodwill, exceeds the estimated fair value, then the excess is charged to earnings as an impairment loss. Intangible assets with indefinite lives are also tested for impairment at least annually and when events or changes in circumstances indicate that, more-likely-than-not, the asset is impaired. Significant judgment is required in estimating fair values and performing goodwill and indefinite-lived intangible asset impairment tests. Primarily due to a sustained decline in the Company's market value of common stock and market conditions, the Company identified a triggering event requiring a test for impairment as of June 30, 2022. Refer to Note 4 - Goodwill and Intangible Assets, Net for additional details. Income taxes—interim tax provision The Company recorded an income tax benefit of $6,861 and $12,430 for the three and six months ended June 30, 2022, respectively. The Company's effective income tax rate was 5.2% for the six months ended June 30, 2022, and differs from the federal statutory rate of 21% primarily due to the impairment of goodwill for certain 2021 acquisitions which was not deductible for U.S. tax purposes, increases in the Company's valuation allowance on U.S. deferred tax assets, and the establishment of a valuation allowance for Canadian deferred tax assets. As described in Note 4 - Goodwill and Intangible Assets, Net , during the three months ended June 30, 2022, the Company fully impaired the goodwill associated with all 2021 acquisitions. For the six months ended June 30, 2022, the Company recorded discrete income tax benefits of $12,058 relating primarily to measurement period adjustments associated with 2021 acquisitions, and certain tax benefits related to goodwill impairment. The Company recorded income tax expense of $63 and $819 for the three and six months ended June 30, 2021, respectively. The Company’s effective tax rate for the six months ended June 30, 2021, differs from the federal statutory rate of 21% primarily as a result of reducing valuation allowances on the Company's deferred tax assets related to net operating loss carryforwards. Recent accounting pronouncements The Company considers the applicability and impact of all Accounting Standards Updates ("ASUs") issued by the FASB. There were no ASUs that were assessed and determined to be applicable or expected to have a material impact on the Company's condensed consolidated financial statements.

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	6 Months Ended
	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
BUSINESS COMBINATIONS	BUSINESS COMBINATIONS During 2021, the Company completed five acquisitions of branded manufacturers of CEA products, resulting in a significant expansion of its portfolio of proprietary branded products and specialized manufacturing capabilities. The Company finalized the determination of its allocation of the purchase price relating to these acquisitions as of June 30, 2022. During the first quarter of 2022, the Company evaluated and adjusted the useful lives of certain intangible assets associated with entities that were acquired during 2021. In addition, the Company determined that the preliminary allocation of assets acquired related to indefinite lived trade names have a finite useful life because the expected usefulness of the trade names is limited. As a result of these adjustments to the provisional amounts, the Company recorded $5,894 of additional amortization expense during the first quarter of 2022, which related to amortization expense that would have been recorded in the previous reporting period from the acquisition date through December 31, 2021. The intangible assets were assigned estimated useful lives as follows: (i) customer relationships: 7 to 12 years, (ii) technology, formulations and recipes: 8 to 12 years, and (iii) trade names: 15 to 20 years. Heavy 16 Acquisition On May 3, 2021, the Company acquired 100% of the issued and outstanding membership interests of Field 16, LLC ("Heavy 16"), a manufacturer and supplier of branded plant nutritional products. As a result of the acquisition, the Company broadened its proprietary branded offering into the plant nutrients category complementing other product offerings. The acquisition fair value of the consideration transferred for Heavy 16 was $77,367, consisting of $60,287 in cash, $16,736 of the Company's common stock and $344 contingent consideration. The fair value of the common stock issued was determined based on the closing market price of the Company's common stock on the acquisition date. Pursuant to the purchase agreement, the Company was required to pay up to an additional $2,500 of contingent consideration based on $200 for each $1,000 above a $21,000 threshold for net sales in calendar year 2021. As a result, the Company recorded a liability for contingent consideration at its estimated fair value of $344 as of the acquisition date in the condensed consolidated balance sheets. The contingent consideration was estimated using a Black-Scholes valuation model, which utilized Level 3 inputs as defined in ASC 820 - Fair Value Measurements . As of December 31, 2021, contingent consideration of $200 was calculated utilizing actual net sales for the full year ended December 31, 2021, and was paid in April 2022. The amount of goodwill is fully deductible for tax purposes. The financial results of Heavy 16 are included in the U.S. operating segment since the acquisition date. House & Garden Acquisition On June 1, 2021, the Company acquired 100% of the issued and outstanding shares of capital stock of House & Garden, Inc. (“HG”), Humboldt Wholesale, Inc. (“HW”), Allied Imports & Logistics, Inc. (“Allied”), South Coast Horticultural Supply, Inc. (“SC” and, together with HG, HW and Allied, the “H&G Entities”), a manufacturer and distributor of plant nutrients and fertilizers to domestic and various international markets. As a result of the acquisition, the Company further broadened its proprietary branded offering into the plant nutrients category complementing other product offerings. The acquisition date fair value of the consideration transferred for the H&G Entities was $133,483 in cash. The amount of goodwill is not deductible for tax purposes. As part of the share acquisition of the H&G Entities, the Company allocated a significant value of the acquisition to identified intangible assets that are not deductible for U.S. tax purposes. Therefore, a deferred tax liability arose providing an additional source of taxable income to support the realization of pre-existing deferred tax assets. The financial results of the H&G Entities are included in the U.S. operating segment since the acquisition date. Aurora Acquisition On July 1, 2021, the Company acquired 100% of the issued and outstanding membership interests of Gotham Properties LLC (“Gotham Properties”), Aurora Innovations LLC (“Aurora Innovations”), Aurora International LLC (“Aurora International” and, together with Gotham Properties and Aurora Innovations, “Aurora”), a manufacturer of plant fertility product lines. As a result of the acquisition, the Company further broadened its proprietary branded offering into the plant nutrients and grow media category complementing other product offerings. The preliminary acquisition fair value of the consideration transferred for Aurora was $178,871, consisting of $133,962 in cash, $25,824 of the Company's common stock, $19,300 contingent consideration and $215 forgiveness of accounts payable. The fair value of the common stock issued was determined based on the closing market price of the Company's common stock on the acquisition date. The forgiveness of accounts payable represents an effective settlement of a preexisting relationship between the parties. Pursuant to the purchase agreement, the Company was required to pay a maximum contingent consideration equal to $70,997. To the extent 2021 EBITDA of Aurora exceeded $15,556, the excess was multiplied by eleven to determine contingent consideration. As a result, the Company recorded a liability for contingent consideration at its estimated fair value of $19,300 as of the acquisition date in the condensed consolidated balance sheets. The contingent consideration was estimated using the discounted cash flow method, which estimated the incremental EBITDA based on the Company's forecasted 2021 EBITDA of Aurora as of the acquisition date, discounted to a present value as of the acquisition date using a discount rate of 15%. That measure was based on significant inputs that are not observable in the market, which utilized Level 3 inputs as defined in ASC 820 - Fair Value Measurements. The contingent consideration was remeasured to fair value at each reporting date until resolution with changes in fair value recognized within SG&A in the condensed consolidated statements of operations. As of June 30, 2022, the related contingent consideration was $15,274, and was subsequently paid in July 2022 using available cash on hand. The amount of goodwill is fully deductible for tax purposes. The financial results of Aurora are included in the U.S. operating segment since the acquisition date. Greenstar/Grotek Acquisition On August 3, 2021, the Company acquired 100% of the issued and outstanding shares of Greenstar Plant Products Inc., (“Greenstar”), a manufacturer of horticultural products and solutions for global, domestic and commercial use. As a result of the acquisition, the Company further broadened its proprietary branded offering into the plant nutrients and grow media category complementing other product offerings. The preliminary acquisition fair value of the consideration transferred for Greenstar was $83,520, consisting of $85,121 in cash, less $1,601 forgiveness of accounts payable, net, and obligations due under a distribution agreement. The forgiveness of accounts payable, net, and obligations due under a distribution agreement represent an effective settlement of a preexisting relationship between the parties. The amount of goodwill is not deductible for U.S. tax purposes, but it is partially deductible for Canadian tax purposes. The financial results of Greenstar are included in the Canada operating segment since the acquisition date. Innovative Growers Equipment, Inc. Acquisition On November 1, 2021, the Company acquired 100% of the issued and outstanding shares of Innovative Growers Equipment, Inc., an Illinois corporation (“IGE”), Innovative AG Installation, Inc., an Illinois corporation (“IAG”), Innovative Racking Systems, Inc., an Illinois corporation (“IRS”), and Innovative Shipping Solutions, Inc., an Illinois corporation (“ISS” and, together with IGE, IAG, IRS, and their respective subsidiaries, the “IGE Entities”), a manufacturer of horticulture benches, racking and LED lighting systems which complement the Company’s existing lineup of high performance, proprietary branded products. The preliminary acquisition fair value of the consideration transferred for the IGE Entities was $60,902, consisting of $49,129 in cash, $11,051 of the Company's common stock, and $722 forgiveness of a contract asset. The fair value of the common stock issued was determined based on the closing market price of the Company's common stock on the acquisition date. The forgiveness of contract asset represents an effective settlement of a preexisting relationship between the parties. The amount of goodwill is not deductible for U.S. tax purposes. The financial results of the IGE Entities are included in the U.S. operating segment since the acquisition date. The following table sets forth the components and allocation of the purchase price for the Company's acquisition of Heavy 16, the H&G Entities, Aurora, Greenstar and the IGE Entities: Heavy 16 H&G Entities Aurora Greenstar IGE Entities Component of Purchase Price: Cash $ 60,287 $ 133,483 $ 133,962 $ 85,121 $ 49,129 Common stock 16,736 — 25,824 — 11,051 Contingent consideration 344 — 19,300 — — Forgiveness of assets and liabilities — — (215) (1,601) 722 Total purchase price $ 77,367 $ 133,483 $ 178,871 $ 83,520 $ 60,902 Acquisition-related costs $ 3,109 $ 5,063 $ 7,358 $ 3,688 $ 2,150 Allocation of Purchase Price: Identifiable assets (liabilities) Accounts receivable $ 510 $ 3,308 $ 6,967 $ 982 $ 2,367 Inventories 1,451 6,559 11,031 8,728 30,592 Prepaid expenses and other current assets 34 493 1,086 447 470 Property, plant and equipment 1,078 358 37,991 1,717 4,274 Operating lease right-of-use assets 1,088 1,921 — 2,736 4,447 Other assets 25 213 — 176 — Accounts payable (1,055) (1,320) (4,360) (777) (21,686) Accrued expenses and other current liabilities (226) (445) (768) (1,421) (859) Current portion of lease liabilities (274) (447) — (624) (815) Current portion of long-term debt — — — — (482) Long-term deferred tax liabilities — (25,589) — — (6,769) Long-term lease liabilities (868) (1,501) — (1,836) (3,116) Long-term debt — — — — (1,434) Other long-term liabilities — — (3,840) — — Net identifiable assets 1,763 (16,450) 48,107 10,128 6,989 Identifiable intangible assets Other intangible assets 200 200 824 383 2,430 Customer relationships 5,100 12,500 6,400 11,100 6,300 Trademarks and trade names 18,500 31,400 59,100 9,100 14,000 Technology and formulations & recipes 33,600 56,200 18,000 2,800 3,800 Total identifiable intangible assets 57,400 100,300 84,324 23,383 26,530 Goodwill 18,204 49,633 46,440 50,009 27,383 Total purchase price allocation $ 77,367 $ 133,483 $ 178,871 $ 83,520 $ 60,902 Supplemental Disclosure of Financial Results The following represents certain estimated unaudited consolidated net sales and net income amounts for the three and six months ended June 30, 2021, as if the five acquisitions had been included in the consolidated results of the Company for the entire period presented below. Management considers these estimates to represent an approximate measure of the performance of the combined Company: Three Months Ended Six Months Ended Estimated ($ in millions) Net sales 185 346 Net income 28 46

GOODWILL AND INTANGIBLE ASSETS,

GOODWILL AND INTANGIBLE ASSETS, NET	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS, NET	GOODWILL AND INTANGIBLE ASSETS, NET Goodwill Primarily due to a sustained decline in the Company's market value of common stock and market conditions, the Company identified a triggering event requiring a test for impairment as of June 30, 2022. The Company completed its goodwill impairment testing and recorded an impairment charge of $189,572 as the test determined that the carrying value of the goodwill reporting units of U.S. and Canada was in excess of the fair value. The recognized impairment reduced the goodwill balance to zero as of June 30, 2022. The impairment was primarily due to a deterioration in customer demand in the U.S. and Canada caused by macroeconomic and industry conditions. The Company determined the fair value of the U.S. and Canada reporting units based on an income approach, using the present value of future discounted cash flows, and based on a market approach. The fair values were reconciled to the market value of common stock of Hydrofarm to corroborate the estimates used in the interim test for impairment. Significant estimates used to determine fair value include the weighted average cost of capital, financial forecasts, and pricing multiples derived from publicly-traded companies that are comparable to the reporting units. Refer to Note 14 - Fair Value Measurements , for further discussion of valuation inputs. There was no goodwill impairment recognized during the year ended December 31, 2021. The changes in goodwill are as follows: Goodwill Balance at December 31, 2021 $ 204,868 Acquisition - IGE Entities - measurement period adjustments (21,304) Acquisition - Greenstar - measurement period adjustments 7,000 Acquisition - all others - measurement period adjustments and foreign currency translation adjustments, net (992) Impairments (189,572) Balance at June 30, 2022 $ — Intangible Assets, net Intangible assets with finite lives and indefinite lives are reviewed for impairment when events or changes in circumstances indicate that the carrying amount may not be recoverable. For the quarter ended June 30, 2022, the Company performed an evaluation of intangible assets for impairment in connection with the triggering event identified requiring a quantitative test for goodwill impairment. Based on the Company's evaluation, there was no impairment of intangible assets for the quarter ended June 30, 2022. However, there can be no guarantee that the Company will not record an impairment charge in the future. For a fuller discussion of the risk that such an impairment charge might be required in the future, please see “Item 1.A Risk Factors” and the risk factor captioned “Long-lived assets and inventories represent a significant portion of our total assets and the Company may be required to record impairments or write-downs in future periods.” Intangible assets, net comprised the following: June 30, 2022 December 31, 2021 Gross Carrying Amount Accumulated Amortization Net Book Value Gross Carrying Amount Accumulated Amortization Net Book Value Finite-lived intangible assets: Computer software $ 9,283 $ (7,921) $ 1,362 $ 8,814 $ (7,208) $ 1,606 Customer relationship 100,456 (20,894) 79,562 101,222 (16,517) 84,705 Technology, formulations and recipes 114,319 (10,469) 103,850 110,561 (3,630) 106,931 Trade names 131,838 (6,728) 125,110 — — — Other 4,839 (4,060) 779 2,428 (1,744) 684 Total finite-lived intangible assets, net 360,735 (50,072) 310,663 223,025 (29,099) 193,926 Indefinite-lived intangible asset: Trade names 2,801 — 2,801 120,773 — 120,773 Other — — — 120 — 120 Total Intangible assets, net $ 363,536 $ (50,072) $ 313,464 $ 343,918 $ (29,099) $ 314,819 Amortization expense related to intangibles was $6,245 and $20,991 for the three and six months ended June 30, 2022, respectively. Amortization expense related to intangibles was $1,766 and $2,972 for the three and six months ended June 30, 2021, respectively. Amortization expense in 2022 includes the impact from intangible assets recorded in connection with five acquisitions completed during the year ended December 31, 2021. The following are the estimated useful lives and the weighted-average amortization period as of June 30, 2022, for the major classes of finite-lived intangible assets: Useful lives Weighted-average amortization period Computer software 5 years 4 years Customer relationships 7 to 18 years 11 years Technology, formulations and recipes 8 to 12 years 11 years Trade names 15 to 20 years 19 years The estimated aggregate future amortization expense for intangible assets subject to amortization as of June 30, 2022, is summarized below: Estimated Future Amortization Expense For the period of July 1, 2022 to December 31, 2022 $ 12,509 Year ending December 31, 2023 24,583 2024 24,312 2025 24,209 2026 24,131 Thereafter 200,919 Total $ 310,663

EARNINGS (LOSS) PER COMMON SHAR

EARNINGS (LOSS) PER COMMON SHARE (“EPS”)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
EARNINGS (LOSS) PER COMMON SHARE (“EPS”)	EARNINGS (LOSS) PER COMMON SHARE (“EPS”) Basic EPS is computed using net income (loss) divided by the weighted-average number of common shares outstanding during each period, excluding unvested restricted stock units (“RSUs”). Diluted EPS represents net income (loss) divided by the weighted-average number of common shares outstanding during the period, including common stock equivalents. Common stock equivalents consist of shares subject to warrants and share-based awards with exercise prices less than the average market price of the Company’s common stock for the period, to the extent their inclusion would be dilutive. Regarding RSUs subject to a market condition, before the end of the contingency period, the number of contingently issuable shares (i.e., RSUs) to be included in diluted EPS would be based on the number of common shares issuable under the terms of the arrangement if the end of the reporting period was the end of the contingency period, assuming the result would be dilutive. Those contingently issuable shares would be included in the denominator of diluted EPS as of the beginning of the period, or as of the grant date of the share-based payment, if later. The following table presents information necessary to calculate basic and diluted EPS for the three and six months ended June 30, 2022, and 2021: Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 Net (loss) income $ (203,312) $ 2,257 $ (226,608) $ 7,197 Weighted-average shares of common stock outstanding 44,910,193 37,862,417 44,814,881 35,792,374 Dilutive effect of warrants using the treasury stock method — 2,030,346 — 2,435,405 Dilutive effect of restricted stock units using the treasury stock method — 1,441,790 — 1,550,076 Dilutive effect of stock options using the treasury stock method — 710,376 — 745,831 Diluted weighted-average shares of common stock outstanding 44,910,193 42,044,929 44,814,881 40,523,686 Basic EPS $ (4.53) $ 0.06 $ (5.06) $ 0.20 Diluted EPS $ (4.53) $ 0.05 $ (5.06) $ 0.18 The computation of the weighted-average shares of common stock outstanding for diluted EPS excludes the following potential common shares as their inclusion would have an anti-dilutive effect: Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 Shares subject to warrants outstanding 17,669 2,822,764 17,669 3,261,951 Shares subject to unvested performance based and restricted stock units 1,071,053 1,554,156 1,071,053 1,659,654 Shares subject to stock options outstanding 695,769 857,528 695,769 884,774

ACCOUNTS RECEIVABLE, NET AND IN

ACCOUNTS RECEIVABLE, NET AND INVENTORIES	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
ACCOUNTS RECEIVABLE, NET AND INVENTORIES	ACCOUNTS RECEIVABLE, NET, AND INVENTORIES Accounts receivable, net comprised the following: June 30, December 31, Trade accounts receivable $ 30,626 $ 35,511 Allowance for doubtful accounts (1,098) (1,156) Other receivables 2,518 7,129 Total accounts receivable, net $ 32,046 $ 41,484 Inventories comprised the following: June 30, December 31, Finished goods $ 121,512 $ 145,298 Work-in-process 10,541 5,967 Raw materials 42,120 41,399 Allowance for inventory obsolescence (16,825) (3,530) Total inventories $ 157,348 $ 189,134

OPERATING LEASES

OPERATING LEASES	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
OPERATING LEASES	OPERATING LEASES The Company leases its distribution centers and manufacturing facilities from third parties under various non-cancelable lease agreements expiring at various dates through 2032. Certain leases contain escalation provisions and/or renewal options, giving the Company the right to extend the leases by up to 10 years. However, these options are generally not reflected in the calculation of the right-of-use assets and lease liabilities due to uncertainty surrounding the likelihood of renewal. The Company recognizes operating lease costs over the respective lease periods, including short-term and month-to-month leases. The Company incurred operating lease costs of $3,022 and $5,619, during the three and six months ended June 30, 2022. respectively, and $1,678 and $3,172, during the three and six months ended June 30, 2021, respectively. These costs are included primarily within selling, general and administrative expense in the condensed consolidated statements of operations. Supplemental balance sheet information related to the Company’s operating leases are as follows: June 30, December 31, Assets Operating lease right-of-use assets, net of accumulated amortization $ 51,923 $ 45,245 Total leased assets $ 51,923 $ 45,245 Liabilities Current portion of lease liabilities $ 8,130 $ 7,198 Long-term lease liabilities 44,705 38,595 Total lease liabilities $ 52,835 $ 45,793 As of June 30, 2022, future minimum lease payments under non-cancelable operating leases are as follows: Operating For the period of July 1, 2022 to December 31, 2022 $ 4,931 Year ending December 31, 2023 9,283 2024 9,009 2025 8,333 2026 6,824 2027 6,369 Thereafter 14,208 Total rental payments 58,957 Less portion representing interest (6,122) Total principal 52,835 Less current portion (8,130) Long-term portion $ 44,705 During the three months ended March 31, 2022, the Company executed a lease for approximately 303,000 square feet of warehouse space in Shoemakersville, Pennsylvania, and recorded right-of-use assets for operating leases for $10,463. The future minimum lease payments for executed non-cancelable operating leases not yet commenced are as follows: Operating For the period of July 1, 2022 to December 31, 2022 $ — Year ending December 31, 2023 3,254 2024 3,174 2025 3,502 2026 3,846 2027 3,954 Thereafter 21,955 Total rental payments $ 39,685

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, NET	6 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT, NET	PROPERTY, PLANT AND EQUIPMENT, NET Property, plant and equipment comprised the following: June 30, December 31, Machinery and equipment $ 27,296 $ 25,177 Peat bogs and related development 10,595 8,686 Building and improvements 9,592 9,510 Land 6,101 6,120 Leasehold improvements 3,359 3,207 Computer equipment 3,461 3,197 Furniture and fixtures 4,059 2,867 Gross property, plant and equipment 64,463 58,764 Less: accumulated depreciation (11,841) (8,291) Total property, plant and equipment, net $ 52,622 $ 50,473 Depreciation, depletion and amortization expense related to property, plant and equipment, net was $1,590 and $3,785 for the three and six months ended June 30, 2022, respectively. Depreciation, depletion and amortization expense related to property, plant and equipment, net was $421 and $806 for the three and six months ended June 30, 2021, respectively.

ACCRUED EXPENSES AND OTHER CURR

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	6 Months Ended
	Jun. 30, 2022
Payables and Accruals [Abstract]
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accrued expenses and other current liabilities comprised the following: June 30, December 31, Accrued compensation and benefits $ 2,982 $ 3,713 Freight, custom and duty accrual 1,971 2,094 Goods in transit accrual 741 3,473 Income tax accrual — 729 Contingent consideration 15,274 17,034 Other accrued liabilities 5,162 6,953 Total accrued expenses and other current liabilities $ 26,130 $ 33,996

DEBT

DEBT	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
DEBT	DEBT Debt is comprised of the following: June 30, December 31, Term loan - net of unamortized discount and deferred financing costs of $5,587 and $6,025 at June 30, 2022, and December 31, 2021, respectively $ 118,788 $ 118,975 Other 2,356 2,805 Total debt $ 121,144 $ 121,780 Current portion of long-term debt $ 2,125 $ 2,263 Long-term debt - net of unamortized discount and deferred financing costs of $5,587 and $6,025 at June 30, 2022, and December 31, 2021, respectively 119,019 119,517 Total debt $ 121,144 $ 121,780 Senior Secured Term Loan On October 25, 2021, Hydrofarm Holdings Group, Inc. and certain of its direct and indirect subsidiaries (the "Obligors") entered into a Credit and Guaranty Agreement with JPMorgan Chase Bank, N.A., as administrative agent for certain lenders, pursuant to which the Company borrowed a $125,000 senior secured term loan (“Term Loan”). The Term Loan bears interest at LIBOR (with a 1.0% floor) plus 5.50%, or an alternative base rate (with a 2.0% floor), plus 4.50%, and is subject to a call premium of 2% in year one, 1% in year two, and 0% thereafter, and matures on October 25, 2028 ("Maturity Date"). Effective June 30, 2022, the Company entered into a six-month rate lock at LIBOR of 2.88% plus 5.50%, for an all-in rate of 8.38% through December 30, 2022. Deferred financing costs and discount totaled $6,190 at inception of the Term Loan, and are being amortized to interest expense over the term of the loan. For the three months ended June 30, 2022, the effective interest rate was 7.34% and interest expense was $2,281, which includes amortization of deferred financing costs of $220. For the six months ended June 30, 2022, the effective interest rate was 7.32% and interest expense was $4,530, which includes amortization of deferred financing costs of $438. The principal amounts of the Term Loan are required to be repaid in consecutive quarterly installments in amounts equal to 0.25% of the principal amount of the Term Loan, on the last day of each fiscal quarter commencing March 31, 2022, with the balance of the Term Loan payable on the Maturity Date. The Company is also required to make mandatory prepayments upon the occurrence of certain events, including (i) achieving certain excess cash flow criteria, including the achievement and maintenance of a specific leverage ratio, (ii) selling assets that are collateral, or (iii) upon the issuance, offering, or placement of new debt obligations. There were no such mandatory prepayments made since inception of the Term Loan. As of June 30, 2022, and December 31, 2021, the outstanding principal balance on the Term Loan was $124,375 and $125,000, respectively. The Term Loan requires the Company to maintain certain reporting requirements, affirmative covenants, and negative covenants, and the Company was in compliance with all requirements as of June 30, 2022. The Term Loan is secured by a first lien on the non-working capital assets of the Company and a second lien on the working capital assets of the Company. The Company may request additional term loan commitments subject to certain loan conditions. JPMorgan Revolving Credit Facility On March 29, 2021, the Obligors entered into a Senior Secured Revolving Credit Facility (the "Revolving Credit Facility") with JPMorgan Chase Bank, N.A., as administrative agent, issuing bank and swingline lender, and the lenders from time to time party thereto. The Revolving Credit Facility is due on the earlier of March 29, 2024, or any earlier date on which the revolving commitments are reduced to zero. The three-year Revolving Credit Facility had a borrowing limit of $50,000 with an option to request an increase in the revolving commitment by up to $25,000, drawn in $5,000 increments, for a total not to exceed $75,000, subject to customary conditions. On August 31, 2021, the Obligors entered into an amendment (the "First Amendment") to increase their original borrowing limit to $100,000. In connection with the First Amendment, the Company's previously acquired subsidiaries became party to the Revolving Credit Facility as either borrowers or as guarantors. The Revolver maintains an interest rate of LIBOR plus 1.95% and has a 0.0% LIBOR floor. A fee of 0.25% per annum is charged for available but unused borrowings as defined. On October 25, 2021, the Company and its subsidiaries entered into a second amendment (the “Second Amendment”), with JPMorgan Chase Bank, N.A., pursuant to which the parties consented to the Term Loan described above and made certain conforming changes to comport with the Term Loan provisions. The unamortized debt issuance costs were $794 as of June 30, 2022, and are included in Other assets in the condensed consolidated balance sheets. Debt issuance costs are being amortized to interest expense over the term of the Revolver. The Revolving Credit Facility is an asset-based facility that is secured by a first lien on the working capital assets of the Company and a second lien on the non-working capital assets of the Company (including most of the Company’s subsidiaries). The borrowing base is based on a detailed monthly calculation of the sum of (a) a percentage of the Eligible Accounts at such time, plus (b) the lesser of (i) a percentage of the Eligible Inventory, at such time, valued at the lower of cost or market value, determined on a first-in-first-out basis, and (ii) the product of a percentage multiplied by the Net Orderly Liquidation Value percentage identified in the most recent inventory appraisal ordered by the Administrative Agent multiplied by the Eligible Inventory, valued at the lower of cost or market value, determined on a first-in-first-out basis, minus (c) Reserves (each of the defined terms above, as defined in the Revolving Credit Facility documents). As of June 30, 2022, the Company would be able to borrow approximately $70 million under the Revolving Credit Facility. The Company is required to maintain certain reporting requirements, affirmative covenants and negative covenants, pursuant to terms outlined in the agreement. Additionally, if the Company’s Excess Availability (as defined in the Revolving Credit Facility documents) is less than $10,000, the Company will be required to maintain a minimum fixed charge coverage ratio of 1.1x on a rolling twelve-month basis until the Excess Availability is more than $10,000 for thirty As of June 30, 2022, and December 31, 2021, the Company had zero borrowed under the facility. Other Debt Other debt is primarily comprised of approximately $2,250 in finance lease obligations and $106 in a foreign subsidiary's other debt. Encina Credit Facility On July 11, 2019, the Company and certain of its direct and indirect subsidiaries (the “Encina Obligors”) entered into the Encina Credit Facility through a certain Loan and Security Agreement whereby the Encina Obligors obtained a revolving asset-based loan commitment in the maximum amount of $45,000 (inclusive of a limit of up to $15,000 of borrowings for the Canadian borrowers and a swingline facility of up to $2,000), subject to applicable borrowing base availability, through Encina Business Credit, LLC. The Encina Credit Facility was due on the earlier of July 11, 2022, or 90 days prior to the scheduled maturity date of the Brightwood Loan Services LLC Term Loan. The Encina Credit Facility was secured by working capital assets and a second lien on non-working capital assets. The Encina Credit Facility was repaid in December 2020 and replaced in March 2021 by the Revolving Credit Facility (as defined above). The unamortized deferred financing costs and early termination fees totaling $680 were recognized as a loss on debt extinguishment in the condensed consolidated statements of operations for the six months ended June 30, 2021.

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
STOCKHOLDERS’ EQUITY	STOCKHOLDERS’ EQUITY Warrants On July 19, 2021, the Company completed the redemption ("Redemption") of certain of its outstanding warrants (the "Investor Warrants") that were issued in connection with a private placement of units (the "private placement"), each unit consisting of a share of common stock and a warrant to purchase an additional one-half (1/2) shares of common stock. The Company was entitled to redeem all of the outstanding Investor Warrants for a redemption price of $0.00033712 per Investor Warrant ("Redemption Price") if (i) there was an effective registration statement covering the resale of the shares of common stock underlying the Investor Warrants, and (ii) the volume-weighted average price of the Company's common stock for the twenty Prior to the redemption date 3,367,647 Investor Warrants were exercised, generating total gross proceeds of $56,778. The Company redeemed 1,491 Investor Warrants at the Redemption Price. In connection with the private placement, the Company agreed to engage the placement agent (the "Placement Agent") as the Company's warrant solicitation agent in the event the Investor Warrants were called for Redemption. The Company agreed to pay a warrant solicitation fee to the Placement Agent equal to five percent of the amount of net cash proceeds solicited by the Placement Agent upon the exercise of certain Investor Warrants following such call for Redemption. As of June 30, 2022, the following table summarizes the outstanding warrants: Number of Warrants Exercise Price Placement agent warrants 11,662 $ 8.43 Placement agent warrants 6,007 $ 16.86 Total 17,669 $ 11.30

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION Stock-based compensation plan overview The Company maintains three equity incentive plans: the 2018 Equity Incentive Plan (“2018 Plan”), the 2019 Employee, Director and Consultant Equity Incentive Plan (“2019 Plan”) and the 2020 Employee, Director, and Consultant Equity Incentive Plan (“2020 Plan” and collectively, “Incentive Plans”). The 2020 Plan serves as the successor to the 2019 Plan and 2018 Plan and provides for the issuance of incentive stock options, nonqualified stock options, stock grants and stock-based awards to employees, directors, and consultants of the Company. No further awards will be issued under the 2018 Plan and 2019 Plan. As of June 30, 2022, a total of 1,628,154 shares are available for grant under the 2020 Plan. Restricted Stock Unit ("RSU") Activity RSUs granted to certain executives, employees and members of the Board generally have a time-based vesting requirement (based on continuous employment). The stock-based compensation expense related to service-based awards is recorded over the requisite service period. During the six months ended June 30, 2022, the Company granted RSU awards that are expected to vest either (i) ratably over a three-year period on each anniversary of the grant date, or (ii) with three vesting tranches, the first of which occurred on the grant date, and the following two tranches on each subsequent anniversary of the grant date. The following table summarizes the activity related to the Company's RSUs for the six months ended June 30, 2022. For purposes of this table, vested RSUs represent the shares for which the service condition had been fulfilled during the six months ended June 30, 2022: Number of Weighted Balance, December 31, 2021 1,087,608 $ 9.71 Granted 460,486 $ 13.10 Vested (546,535) $ 10.43 Forfeited (38,564) $ 45.11 Balance, June 30, 2022 962,995 $ 9.50 As of June 30, 2022, total unamortized stock-based compensation cost related to unvested RSUs was $7,617 and the weighted-average period over which the compensation is expected to be recognized is 1.37 years. For the three and six months ended June 30, 2022, the Company recognized $1,849 and $4,648, respectively, of total stock-based compensation expense for RSUs. As of June 30, 2022, there were 6,357 RSUs which had vested, but were not yet issued due to the recipients' elections to defer the awards. Performance Stock Unit ("PSU") Activity During the six months ended June 30, 2022, the Company granted PSU awards that are subject to a one-year vesting requirement (based on continuous employment) and contain performance conditions based on certain performance metrics. The following table summarizes the activity related to the Company's PSUs for the six months ended June 30, 2022: Number of Weighted Balance, December 31, 2021 — $ — Granted 116,113 $ 15.74 Forfeited (8,055) $ 15.74 Balance, June 30, 2022 108,058 $ 15.74 As of June 30, 2022, total unamortized stock-based compensation cost related to unvested PSUs was $425 and the weighted-average period over which the compensation is expected to be recognized is less than one year. For the three and six months ended June 30, 2022, respectively, the Company recognized $115 and $160 of total stock-based compensation expense for PSUs. Stock options The following table summarizes the stock option activity for the six months ended June 30, 2022: Number Weighted Weighted Weighted average Outstanding as of December 31, 2021 720,549 $ 9.57 $ 2.21 7.37 Granted 4,250 $ 13.12 $ 12.95 Exercised (8,283) $ 9.01 $ 2.12 Cancelled (1,030) $ 9.57 $ 4.06 Forfeited (19,717) $ 11.37 $ 6.22 Outstanding as of June 30, 2022 695,769 $ 9.54 $ 2.16 6.49 Options exercisable as of June 30, 2022 566,670 $ 8.87 $ 1.23 6.25 Vested and expected to vest as of June 30, 2022 695,769 $ 9.54 $ 2.16 6.49 The following table summarizes the unvested stock option activity for the six months ended June 30, 2022: Number Weighted Unvested as of December 31, 2021 202,515 $ 5.04 Granted 4,250 $ 12.95 Vested (57,949) $ 2.60 Forfeited (19,717) $ 6.22 Unvested as of June 30, 2022 129,099 $ 6.22

COMMITMENTS, CONTINGENCIES, AND

COMMITMENTS, CONTINGENCIES, AND RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES, AND RELATED PARTY TRANSACTIONS	COMMITMENTS, CONTINGENCIES, AND RELATED PARTY TRANSACTIONS Purchase commitments From time to time in the normal course of business, the Company will enter into agreements with suppliers which provide favorable pricing in return for a commitment to purchase minimum amounts of inventory over a defined time period. Contingencies In the normal course of business, certain claims have been brought against the Company and, where applicable, its suppliers. While there is inherent difficulty in predicting the outcome of such matters, management has vigorously contested the validity of these claims. Based on available information, management believes the claims are without merit and does not expect that the outcome, individually or in the aggregate, would have a material adverse effect on the consolidated financial positions, results of operations, cash flows or future earnings. Related party transactions — Hydrofarm Distribution Center

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The following table summarizes the estimated fair value of the Company's assets and liabilities for which disclosure of fair value is required: June 30, 2022 December 31, 2021 Fair Value Hierarchy Level Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Term Loan Level 2 $ 124,375 $ 114,425 $ 125,000 $ 121,250 The carrying values of cash and cash equivalents, restricted cash, accounts receivable, accounts payable, accrued and other current liabilities approximate their fair value due to their short-term maturities. The carrying value of the note receivable (as described in Note 2 - Basis of Presentation and Significant Accounting Policies ) and the carrying value of contingent consideration (as described in Note 3 - Business Combinations ) are based on level 3 fair value measurements and are reported at estimated fair value. The fair value of the Company's Term Loan was based on bank quotes and the carrying amount reported above excludes unamortized deferred financing costs and discount. Nonrecurring fair value measurements include the Company’s goodwill impairment recognized during the three and six months ended June 30, 2022, as determined based on unobservable Level 3 inputs. Refer to Note 4 - Goodwill and Intangible Assets, Net

BASIS OF PRESENTATION AND SIG_2

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of presentation	The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries and have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the requirements of the U.S. Securities and Exchange Commission (“SEC”) for interim financial reporting. As permitted under those rules, certain footnotes or other financial information that are normally required by U.S. GAAP can be condensed or omitted. These condensed consolidated financial statements have been prepared on the same basis as the Company's annual consolidated financial statements and, in the opinion of management, reflect all normal and recurring adjustments which are necessary for the fair statement of the Company’s financial information. These interim results are not necessarily indicative of the results to be expected for the fiscal year ending December 31, 2022, or for any other interim period or for any other future year. All intercompany balances and transactions have been eliminated in consolidation. The Company reclassified the balance within "Impairment, restructuring and other" on the condensed consolidated statements of operations for the prior period into "Selling, general and administrative expenses" to conform to the current period presentation. The Company reclassified the balance of customer deposits previously reported in "accounts payable" into "deferred revenue" in the condensed consolidated balance sheet as of December 31, 2021, to conform to the current period presentation. The amount totaled $18,273 as of December 31, 2021. The condensed consolidated balance sheet as of December 31, 2021, has been derived from the audited consolidated financial statements of the Company, which is included in the Company's Annual Report on Form 10-K for the year ended December 31, 2021 ("2021 Annual Report"). These condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and the notes thereto included in the 2021 Annual Report.
Use of estimates	The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates are based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Significant estimates include provisions for sales returns, rebates and claims from customers, realization of accounts receivable and inventories, fair value of assets acquired and liabilities assumed for business combinations, valuation of intangible assets and goodwill, estimated useful lives of long lived assets, incremental borrowing rate applied in lease accounting, valuation of stock-based compensation, recognition of deferred income taxes, recognition of liabilities related to commitments and contingencies and valuation allowances. Actual results may differ from these estimates. On an ongoing basis, the Company reviews its estimates to ensure that these estimates appropriately reflect changes in its business or new information available.
Business combinations	Acquisitions of businesses are accounted for using the acquisition method. The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition date fair values of the assets transferred, liabilities incurred to the former owners of the acquiree, and the equity interests issued in exchange for control of the acquiree. Acquisition related costs are recognized in net income (loss) as incurred. When the consideration transferred in a business combination includes assets or liabilities resulting from a contingent consideration arrangement, the contingent consideration is measured at its acquisition date fair value and included as part of the consideration transferred in a business combination. Contingent consideration is established for business acquisitions where the Company has the obligation to transfer additional assets or equity interests to the former owners if specified future events occur or conditions are met. Contingent consideration is classified as a liability when the obligation requires settlement in cash or other assets and is classified as equity when the obligation requires settlement in the Company's own equity instruments. Changes in the fair value of the contingent consideration that qualify as measurement period adjustments are adjusted retrospectively, with a corresponding adjustment to goodwill. Measurement period adjustments are adjustments that arise from additional information obtained during the measurement period (which cannot exceed one year from the acquisition date) about facts and circumstances that existed at the acquisition date. All other subsequent changes in the fair value of contingent consideration classified as a liability are included in net income (loss) in the period. Changes in the fair value of contingent consideration classified as equity are not recognized. For a given acquisition, the Company may identify certain pre-acquisition contingencies as of the acquisition date and may extend its review and evaluation of these pre-acquisition contingencies throughout the measurement period to obtain sufficient information to assess these contingencies as part of acquisition accounting, as applicable. Goodwill is measured as the excess of the sum of the consideration transferred, the amount of any non‑controlling interests in the acquiree, and the fair value of the acquirer’s previously held equity interest in the acquire (if any) over the net of the acquisition‑date fair value amounts of the identifiable assets acquired, and the liabilities assumed. If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the Company reports provisional amounts for the items for which the accounting is incomplete. Those provisional amounts are adjusted during the measurement period, or additional assets or liabilities are recognized, to reflect new information obtained about facts and circumstances that existed at the acquisition date that, if known, would have affected the amounts recognized at that time. Upon conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to net income (loss).
Revenue recognition	The Company follows Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers (“ASC 606”) which requires that revenue recognized from contracts with customers be disaggregated into categories that depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. The Company has determined that revenue is generated from one category, which is the distribution and manufacture of controlled environment agriculture equipment and supplies. Revenue is recognized as control of promised goods is transferred to customers which generally occurs upon receipt at customers’ locations determined by the specific terms of the contract. Arrangements generally have a single performance obligation and revenue reported is comprised of fixed consideration and variable consideration which includes applicable volume rebates, cash discounts and sales returns and allowances. Variable consideration is estimated and recorded at the time of sale. The amount billed to customers for shipping and handling costs included in net sales was $3,679 and $7,558 during the three and six months ended June 30, 2022, respectively, and $1,683 and $2,928 during the three and six months ended June 30, 2021, respectively. Shipping and handling costs that occur before the customer obtains control of the goods are deemed to be
Intangible assets and goodwill	Definite-lived intangible assets are amortized using the straight-line method over their estimated useful lives. The Company has one trade name that is considered to have an indefinite useful life. Intangible assets with finite lives are reviewed for impairment when events or changes in circumstances indicate that the carrying amount may not be recoverable. Goodwill represents the excess of the acquisition price of an acquired business over the fair value of the identifiable assets acquired and liabilities assumed in a business combination less any subsequent write-downs for impairment. Goodwill is tested for impairment on an annual basis in the fourth quarter and more frequently if indicators of potential impairment exist. Impairment testing is conducted at the reporting unit level, which is generally defined as an operating segment or one level below an operating segment (also known as a component), for which discrete financial information is available and segment management regularly reviews the operating results. The Company has determined that its reporting units for the purpose of goodwill impairment testing are the United States ("U.S.") and Canada. Goodwill impairment reviews include performing either an initial qualitative or quantitative evaluation for each of the reporting units. Several methods may be used to estimate a reporting unit’s fair value, including market quotations, asset and liability fair values and other valuation techniques. If the carrying amount of a reporting unit, including goodwill, exceeds the estimated fair value, then the excess is charged to earnings as an impairment loss. Intangible assets with indefinite lives are also tested for impairment at least annually and when events or changes in circumstances indicate that, more-likely-than-not, the asset is impaired. Significant judgment is required in estimating fair values and performing goodwill and indefinite-lived intangible asset impairment tests. Primarily due to a sustained decline in the Company's market value of common stock and market conditions, the Company identified a triggering event requiring a test for impairment as of June 30, 2022. Refer to Note 4 - Goodwill and Intangible Assets, Net for additional details.
Income taxes—interim tax provision	The Company recorded an income tax benefit of $6,861 and $12,430 for the three and six months ended June 30, 2022, respectively. The Company's effective income tax rate was 5.2% for the six months ended June 30, 2022, and differs from the federal statutory rate of 21% primarily due to the impairment of goodwill for certain 2021 acquisitions which was not deductible for U.S. tax purposes, increases in the Company's valuation allowance on U.S. deferred tax assets, and the establishment of a valuation allowance for Canadian deferred tax assets. As described in Note 4 - Goodwill and Intangible Assets, Net , during the three months ended June 30, 2022, the Company fully impaired the goodwill associated with all 2021 acquisitions. For the six months ended June 30, 2022, the Company recorded discrete income tax benefits of $12,058 relating primarily to measurement period adjustments associated with 2021 acquisitions, and certain tax benefits related to goodwill impairment.
Recent accounting pronouncements	The Company considers the applicability and impact of all Accounting Standards Updates ("ASUs") issued by the FASB. There were no ASUs that were assessed and determined to be applicable or expected to have a material impact on the Company's condensed consolidated financial statements.
Purchase commitments	From time to time in the normal course of business, the Company will enter into agreements with suppliers which provide favorable pricing in return for a commitment to purchase minimum amounts of inventory over a defined time period.
Contingencies	In the normal course of business, certain claims have been brought against the Company and, where applicable, its suppliers. While there is inherent difficulty in predicting the outcome of such matters, management has vigorously contested the validity of these claims. Based on available information, management believes the claims are without merit and does not expect that the outcome, individually or in the aggregate, would have a material adverse effect on the consolidated financial positions, results of operations, cash flows or future earnings.

BASIS OF PRESENTATION AND SIG_3

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Revenue from External Customers by Geographic Areas	Sales to external customers and property, plant and equipment, net in the United States and Canada, determined by the location of the subsidiaries, were as follows: Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 United States $ 79,236 $ 111,356 $ 172,094 $ 202,028 Canada 19,337 23,832 40,839 46,096 Intersegment eliminations (1,065) (1,388) (4,048) (2,935) Total consolidated net sales $ 97,508 $ 133,800 $ 208,885 $ 245,189 June 30, December 31, United States $ 85,523 $ 85,167 Canada 19,022 10,551 Total property, plant and equipment, and operating lease right-of-use assets, net $ 104,545 $ 95,718
Long-lived Assets by Geographic Areas	Sales to external customers and property, plant and equipment, net in the United States and Canada, determined by the location of the subsidiaries, were as follows: Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 United States $ 79,236 $ 111,356 $ 172,094 $ 202,028 Canada 19,337 23,832 40,839 46,096 Intersegment eliminations (1,065) (1,388) (4,048) (2,935) Total consolidated net sales $ 97,508 $ 133,800 $ 208,885 $ 245,189 June 30, December 31, United States $ 85,523 $ 85,167 Canada 19,022 10,551 Total property, plant and equipment, and operating lease right-of-use assets, net $ 104,545 $ 95,718

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)	6 Months Ended
	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Business Acquisitions, by Acquisition	The following table sets forth the components and allocation of the purchase price for the Company's acquisition of Heavy 16, the H&G Entities, Aurora, Greenstar and the IGE Entities: Heavy 16 H&G Entities Aurora Greenstar IGE Entities Component of Purchase Price: Cash $ 60,287 $ 133,483 $ 133,962 $ 85,121 $ 49,129 Common stock 16,736 — 25,824 — 11,051 Contingent consideration 344 — 19,300 — — Forgiveness of assets and liabilities — — (215) (1,601) 722 Total purchase price $ 77,367 $ 133,483 $ 178,871 $ 83,520 $ 60,902 Acquisition-related costs $ 3,109 $ 5,063 $ 7,358 $ 3,688 $ 2,150 Allocation of Purchase Price: Identifiable assets (liabilities) Accounts receivable $ 510 $ 3,308 $ 6,967 $ 982 $ 2,367 Inventories 1,451 6,559 11,031 8,728 30,592 Prepaid expenses and other current assets 34 493 1,086 447 470 Property, plant and equipment 1,078 358 37,991 1,717 4,274 Operating lease right-of-use assets 1,088 1,921 — 2,736 4,447 Other assets 25 213 — 176 — Accounts payable (1,055) (1,320) (4,360) (777) (21,686) Accrued expenses and other current liabilities (226) (445) (768) (1,421) (859) Current portion of lease liabilities (274) (447) — (624) (815) Current portion of long-term debt — — — — (482) Long-term deferred tax liabilities — (25,589) — — (6,769) Long-term lease liabilities (868) (1,501) — (1,836) (3,116) Long-term debt — — — — (1,434) Other long-term liabilities — — (3,840) — — Net identifiable assets 1,763 (16,450) 48,107 10,128 6,989 Identifiable intangible assets Other intangible assets 200 200 824 383 2,430 Customer relationships 5,100 12,500 6,400 11,100 6,300 Trademarks and trade names 18,500 31,400 59,100 9,100 14,000 Technology and formulations & recipes 33,600 56,200 18,000 2,800 3,800 Total identifiable intangible assets 57,400 100,300 84,324 23,383 26,530 Goodwill 18,204 49,633 46,440 50,009 27,383 Total purchase price allocation $ 77,367 $ 133,483 $ 178,871 $ 83,520 $ 60,902
Business Acquisition, Pro Forma Information	The following represents certain estimated unaudited consolidated net sales and net income amounts for the three and six months ended June 30, 2021, as if the five acquisitions had been included in the consolidated results of the Company for the entire period presented below. Management considers these estimates to represent an approximate measure of the performance of the combined Company: Three Months Ended Six Months Ended Estimated ($ in millions) Net sales 185 346 Net income 28 46

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS, NET (Tables)	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in goodwill are as follows: Goodwill Balance at December 31, 2021 $ 204,868 Acquisition - IGE Entities - measurement period adjustments (21,304) Acquisition - Greenstar - measurement period adjustments 7,000 Acquisition - all others - measurement period adjustments and foreign currency translation adjustments, net (992) Impairments (189,572) Balance at June 30, 2022 $ —
Schedule of Indefinite-Lived Intangible Assets	Intangible assets, net comprised the following: June 30, 2022 December 31, 2021 Gross Carrying Amount Accumulated Amortization Net Book Value Gross Carrying Amount Accumulated Amortization Net Book Value Finite-lived intangible assets: Computer software $ 9,283 $ (7,921) $ 1,362 $ 8,814 $ (7,208) $ 1,606 Customer relationship 100,456 (20,894) 79,562 101,222 (16,517) 84,705 Technology, formulations and recipes 114,319 (10,469) 103,850 110,561 (3,630) 106,931 Trade names 131,838 (6,728) 125,110 — — — Other 4,839 (4,060) 779 2,428 (1,744) 684 Total finite-lived intangible assets, net 360,735 (50,072) 310,663 223,025 (29,099) 193,926 Indefinite-lived intangible asset: Trade names 2,801 — 2,801 120,773 — 120,773 Other — — — 120 — 120 Total Intangible assets, net $ 363,536 $ (50,072) $ 313,464 $ 343,918 $ (29,099) $ 314,819
Schedule of Finite-Lived Intangible Assets	Intangible assets, net comprised the following: June 30, 2022 December 31, 2021 Gross Carrying Amount Accumulated Amortization Net Book Value Gross Carrying Amount Accumulated Amortization Net Book Value Finite-lived intangible assets: Computer software $ 9,283 $ (7,921) $ 1,362 $ 8,814 $ (7,208) $ 1,606 Customer relationship 100,456 (20,894) 79,562 101,222 (16,517) 84,705 Technology, formulations and recipes 114,319 (10,469) 103,850 110,561 (3,630) 106,931 Trade names 131,838 (6,728) 125,110 — — — Other 4,839 (4,060) 779 2,428 (1,744) 684 Total finite-lived intangible assets, net 360,735 (50,072) 310,663 223,025 (29,099) 193,926 Indefinite-lived intangible asset: Trade names 2,801 — 2,801 120,773 — 120,773 Other — — — 120 — 120 Total Intangible assets, net $ 363,536 $ (50,072) $ 313,464 $ 343,918 $ (29,099) $ 314,819 Useful lives Weighted-average amortization period Computer software 5 years 4 years Customer relationships 7 to 18 years 11 years Technology, formulations and recipes 8 to 12 years 11 years Trade names 15 to 20 years 19 years
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The estimated aggregate future amortization expense for intangible assets subject to amortization as of June 30, 2022, is summarized below: Estimated Future Amortization Expense For the period of July 1, 2022 to December 31, 2022 $ 12,509 Year ending December 31, 2023 24,583 2024 24,312 2025 24,209 2026 24,131 Thereafter 200,919 Total $ 310,663

EARNINGS (LOSS) PER COMMON SH_2

EARNINGS (LOSS) PER COMMON SHARE (“EPS”) (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table presents information necessary to calculate basic and diluted EPS for the three and six months ended June 30, 2022, and 2021: Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 Net (loss) income $ (203,312) $ 2,257 $ (226,608) $ 7,197 Weighted-average shares of common stock outstanding 44,910,193 37,862,417 44,814,881 35,792,374 Dilutive effect of warrants using the treasury stock method — 2,030,346 — 2,435,405 Dilutive effect of restricted stock units using the treasury stock method — 1,441,790 — 1,550,076 Dilutive effect of stock options using the treasury stock method — 710,376 — 745,831 Diluted weighted-average shares of common stock outstanding 44,910,193 42,044,929 44,814,881 40,523,686 Basic EPS $ (4.53) $ 0.06 $ (5.06) $ 0.20 Diluted EPS $ (4.53) $ 0.05 $ (5.06) $ 0.18
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The computation of the weighted-average shares of common stock outstanding for diluted EPS excludes the following potential common shares as their inclusion would have an anti-dilutive effect: Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 Shares subject to warrants outstanding 17,669 2,822,764 17,669 3,261,951 Shares subject to unvested performance based and restricted stock units 1,071,053 1,554,156 1,071,053 1,659,654 Shares subject to stock options outstanding 695,769 857,528 695,769 884,774

ACCOUNTS RECEIVABLE, NET AND _2

ACCOUNTS RECEIVABLE, NET AND INVENTORIES (Tables)	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Schedule of Accounts Receivable, Net	Accounts receivable, net comprised the following: June 30, December 31, Trade accounts receivable $ 30,626 $ 35,511 Allowance for doubtful accounts (1,098) (1,156) Other receivables 2,518 7,129 Total accounts receivable, net $ 32,046 $ 41,484
Schedule of Inventories	Inventories comprised the following: June 30, December 31, Finished goods $ 121,512 $ 145,298 Work-in-process 10,541 5,967 Raw materials 42,120 41,399 Allowance for inventory obsolescence (16,825) (3,530) Total inventories $ 157,348 $ 189,134

OPERATING LEASES (Tables)

OPERATING LEASES (Tables)	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Assets And Liabilities, Lessee	Supplemental balance sheet information related to the Company’s operating leases are as follows: June 30, December 31, Assets Operating lease right-of-use assets, net of accumulated amortization $ 51,923 $ 45,245 Total leased assets $ 51,923 $ 45,245 Liabilities Current portion of lease liabilities $ 8,130 $ 7,198 Long-term lease liabilities 44,705 38,595 Total lease liabilities $ 52,835 $ 45,793
Lessee, Operating Lease, Liability, Maturity	As of June 30, 2022, future minimum lease payments under non-cancelable operating leases are as follows: Operating For the period of July 1, 2022 to December 31, 2022 $ 4,931 Year ending December 31, 2023 9,283 2024 9,009 2025 8,333 2026 6,824 2027 6,369 Thereafter 14,208 Total rental payments 58,957 Less portion representing interest (6,122) Total principal 52,835 Less current portion (8,130) Long-term portion $ 44,705
Lessee, Operating Lease, Lease Not yet Commenced, Maturity Schedule	The future minimum lease payments for executed non-cancelable operating leases not yet commenced are as follows: Operating For the period of July 1, 2022 to December 31, 2022 $ — Year ending December 31, 2023 3,254 2024 3,174 2025 3,502 2026 3,846 2027 3,954 Thereafter 21,955 Total rental payments $ 39,685

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)	6 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, plant and equipment comprised the following: June 30, December 31, Machinery and equipment $ 27,296 $ 25,177 Peat bogs and related development 10,595 8,686 Building and improvements 9,592 9,510 Land 6,101 6,120 Leasehold improvements 3,359 3,207 Computer equipment 3,461 3,197 Furniture and fixtures 4,059 2,867 Gross property, plant and equipment 64,463 58,764 Less: accumulated depreciation (11,841) (8,291) Total property, plant and equipment, net $ 52,622 $ 50,473

ACCRUED EXPENSES AND OTHER CU_2

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2022
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities and Other Current Liabilities	Accrued expenses and other current liabilities comprised the following: June 30, December 31, Accrued compensation and benefits $ 2,982 $ 3,713 Freight, custom and duty accrual 1,971 2,094 Goods in transit accrual 741 3,473 Income tax accrual — 729 Contingent consideration 15,274 17,034 Other accrued liabilities 5,162 6,953 Total accrued expenses and other current liabilities $ 26,130 $ 33,996

DEBT (Tables)

DEBT (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Schedule of Debt	Debt is comprised of the following: June 30, December 31, Term loan - net of unamortized discount and deferred financing costs of $5,587 and $6,025 at June 30, 2022, and December 31, 2021, respectively $ 118,788 $ 118,975 Other 2,356 2,805 Total debt $ 121,144 $ 121,780 Current portion of long-term debt $ 2,125 $ 2,263 Long-term debt - net of unamortized discount and deferred financing costs of $5,587 and $6,025 at June 30, 2022, and December 31, 2021, respectively 119,019 119,517 Total debt $ 121,144 $ 121,780

STOCKHOLDERS_ EQUITY (Tables)

STOCKHOLDERS’ EQUITY (Tables)	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Schedule of Warrants	As of June 30, 2022, the following table summarizes the outstanding warrants: Number of Warrants Exercise Price Placement agent warrants 11,662 $ 8.43 Placement agent warrants 6,007 $ 16.86 Total 17,669 $ 11.30

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Share-based Payment Arrangement, Outstanding Award, Activity, Excluding Option	For purposes of this table, vested RSUs represent the shares for which the service condition had been fulfilled during the six months ended June 30, 2022: Number of Weighted Balance, December 31, 2021 1,087,608 $ 9.71 Granted 460,486 $ 13.10 Vested (546,535) $ 10.43 Forfeited (38,564) $ 45.11 Balance, June 30, 2022 962,995 $ 9.50 Number of Weighted Balance, December 31, 2021 — $ — Granted 116,113 $ 15.74 Forfeited (8,055) $ 15.74 Balance, June 30, 2022 108,058 $ 15.74
Share-based Payment Arrangement, Option, Activity	The following table summarizes the stock option activity for the six months ended June 30, 2022: Number Weighted Weighted Weighted average Outstanding as of December 31, 2021 720,549 $ 9.57 $ 2.21 7.37 Granted 4,250 $ 13.12 $ 12.95 Exercised (8,283) $ 9.01 $ 2.12 Cancelled (1,030) $ 9.57 $ 4.06 Forfeited (19,717) $ 11.37 $ 6.22 Outstanding as of June 30, 2022 695,769 $ 9.54 $ 2.16 6.49 Options exercisable as of June 30, 2022 566,670 $ 8.87 $ 1.23 6.25 Vested and expected to vest as of June 30, 2022 695,769 $ 9.54 $ 2.16 6.49 The following table summarizes the unvested stock option activity for the six months ended June 30, 2022: Number Weighted Unvested as of December 31, 2021 202,515 $ 5.04 Granted 4,250 $ 12.95 Vested (57,949) $ 2.60 Forfeited (19,717) $ 6.22 Unvested as of June 30, 2022 129,099 $ 6.22

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table summarizes the estimated fair value of the Company's assets and liabilities for which disclosure of fair value is required: June 30, 2022 December 31, 2021 Fair Value Hierarchy Level Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Term Loan Level 2 $ 124,375 $ 114,425 $ 125,000 $ 121,250

DESCRIPTION OF THE BUSINESS (De

DESCRIPTION OF THE BUSINESS (Details) - USD ($) $ / shares in Units, $ in Thousands			3 Months Ended	6 Months Ended	12 Months Ended
	May 03, 2021	Dec. 14, 2020	Jun. 30, 2021	Jun. 30, 2021	Dec. 31, 2021
Class of Stock [Line Items]
Issuance of common stock in connection with follow-on public offering, net of offering cost			$ 16,303	$ 16,303
Common Stock | IPO
Class of Stock [Line Items]
Shares issued in offering (in shares)		9,966,667
Sale of stock, price per share (in dollars per share)		$ 20
Proceeds from issuance on offering		$ 182,271
Issuance of common stock in connection with follow-on public offering, net of offering cost					$ 148
Common Stock | Over-Allotment Option
Class of Stock [Line Items]
Shares issued in offering (in shares)		1,300,000
Common Stock | Follow-On Public Offering
Class of Stock [Line Items]
Shares issued in offering (in shares)	5,526,861
Sale of stock, price per share (in dollars per share)	$ 59
Proceeds from issuance on offering	$ 309,782
Common Stock | Follow-On Public Offering, Over-Allotment Option
Class of Stock [Line Items]
Shares issued in offering (in shares)	720,894

BASIS OF PRESENTATION AND SIG_4

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) segment	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Contract liabilities	$ 11,333		$ 11,333		$ 18,273
Number of operating segments | segment			2
Number of reportable segments | segment			1
Impairment loss	0		$ 2,636
Notes receivable	475		475		$ 622
Revenue from External Customer [Line Items]
Net sales	97,508	$ 133,800	208,885	$ 245,189
Income tax benefit (expense)	6,861	(63)	$ 12,430	(819)
Effective income tax rate			5.20%
Income tax benefit relating to measurement period adjustments			$ 12,058
Shipping and Handling
Revenue from External Customer [Line Items]
Net sales	$ 3,679	$ 1,683	$ 7,558	$ 2,928

BASIS OF PRESENTATION AND SIG_5

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Entity-wide Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Net sales	$ 97,508	$ 133,800	$ 208,885	$ 245,189
Property, plant and equipment, and operating lease right-of-use assets, net	104,545		104,545		$ 95,718
United States
Segment Reporting Information [Line Items]
Property, plant and equipment, and operating lease right-of-use assets, net	85,523		85,523		85,167
Canada
Segment Reporting Information [Line Items]
Property, plant and equipment, and operating lease right-of-use assets, net	19,022		19,022		$ 10,551
Operating segments | United States
Segment Reporting Information [Line Items]
Net sales	79,236	111,356	172,094	202,028
Operating segments | Canada
Segment Reporting Information [Line Items]
Net sales	19,337	23,832	40,839	46,096
Intersegment eliminations
Segment Reporting Information [Line Items]
Net sales	$ (1,065)	$ (1,388)	$ (4,048)	$ (2,935)

BUSINESS COMBINATIONS - Narrati

BUSINESS COMBINATIONS - Narrative (Details)						3 Months Ended	6 Months Ended		12 Months Ended
	Nov. 01, 2021 USD ($)	Aug. 03, 2021 USD ($)	Jul. 01, 2021 USD ($)	Jun. 01, 2021 USD ($)	May 03, 2021 USD ($)	Mar. 31, 2022 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 acquisition	Dec. 31, 2021 USD ($) acquisition
Business Acquisition [Line Items]
Number of businesses acquired | acquisition								5	5
Amortization of intangible assets, additional						$ 5,894,000
Field 16, LLC (Heavy 16)
Business Acquisition [Line Items]
Percentage of voting interests acquired					100%
Consideration transferred					$ 77,367,000
Cash					60,287,000
Common stock					16,736,000
Contingent consideration					344,000		$ 200,000		$ 200,000
Contingent consideration arrangements, range of outcomes, value, high					2,500,000
Contingent consideration arrangements, range of outcomes, value, incremental amount over threshold					200,000
Contingent consideration arrangements, range of outcomes, value, threshold					1,000,000
Contingent consideration arrangements, range of outcomes, value, sales threshold					21,000,000
Contingent consideration					$ 344,000
H&G Entities
Business Acquisition [Line Items]
Percentage of voting interests acquired				100%
Consideration transferred				$ 133,483,000
Cash				133,483,000
Common stock				0
Contingent consideration				$ 0
Aurora
Business Acquisition [Line Items]
Percentage of voting interests acquired			100%
Consideration transferred			$ 178,871,000
Cash			133,962,000
Common stock			25,824,000
Contingent consideration							$ 15,274,000
Contingent consideration arrangements, range of outcomes, value, high			70,997,000
Contingent consideration			19,300,000
Forgiveness of accounts payable			215,000
Contingent consideration arrangements, excess EBITDA			$ 15,556,000
Contingent consideration arrangements, multiplier			11
Aurora | Valuation Technique, Discounted Cash Flow | Measurement Input, Discount Rate
Business Acquisition [Line Items]
Contingent consideration, liability, measurement input			0.15
Greenstar
Business Acquisition [Line Items]
Percentage of voting interests acquired		100%
Consideration transferred		$ 83,520,000
Cash		85,121,000
Common stock		0
Contingent consideration		0
Forgiveness of accounts payable		$ 1,601,000
IGE Entities
Business Acquisition [Line Items]
Percentage of voting interests acquired	100%
Consideration transferred	$ 60,902,000
Cash	49,129,000
Common stock	11,051,000
Contingent consideration	0
Forgiveness of contract asset	$ 722,000
Customer relationship | Minimum
Business Acquisition [Line Items]
Acquired finite-lived intangible assets, weighted average useful life							7 years
Customer relationship | Maximum
Business Acquisition [Line Items]
Acquired finite-lived intangible assets, weighted average useful life							12 years
Technology, formulations and recipes | Minimum
Business Acquisition [Line Items]
Acquired finite-lived intangible assets, weighted average useful life							8 years
Technology, formulations and recipes | Maximum
Business Acquisition [Line Items]
Acquired finite-lived intangible assets, weighted average useful life							12 years
Trade names | Minimum
Business Acquisition [Line Items]
Acquired finite-lived intangible assets, weighted average useful life							15 years
Trade names | Maximum
Business Acquisition [Line Items]
Acquired finite-lived intangible assets, weighted average useful life							20 years

BUSINESS COMBINATIONS - Compone

BUSINESS COMBINATIONS - Components (Details) - USD ($) $ in Thousands	Nov. 01, 2021	Aug. 03, 2021	Jul. 01, 2021	Jun. 01, 2021	May 03, 2021
Heavy 16
Business Acquisition [Line Items]
Cash					$ 60,287
Common stock					16,736
Contingent consideration					344
Forgiveness of assets and liabilities					0
Total purchase price					77,367
Acquisition-related costs					$ 3,109
H&G Entities
Business Acquisition [Line Items]
Cash				$ 133,483
Common stock				0
Contingent consideration				0
Forgiveness of assets and liabilities				0
Total purchase price				133,483
Acquisition-related costs				$ 5,063
Aurora
Business Acquisition [Line Items]
Cash			$ 133,962
Common stock			25,824
Contingent consideration			19,300
Forgiveness of assets and liabilities			(215)
Total purchase price			178,871
Acquisition-related costs			$ 7,358
Greenstar
Business Acquisition [Line Items]
Cash		$ 85,121
Common stock		0
Contingent consideration		0
Forgiveness of assets and liabilities		(1,601)
Total purchase price		83,520
Acquisition-related costs		$ 3,688
Innovative Growers Equipment, Inc.
Business Acquisition [Line Items]
Cash	$ 49,129
Common stock	11,051
Contingent consideration	0
Forgiveness of assets and liabilities	722
Total purchase price	60,902
Acquisition-related costs	$ 2,150

BUSINESS COMBINATIONS - Allocat

BUSINESS COMBINATIONS - Allocation (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021	Nov. 01, 2021	Aug. 03, 2021	Jul. 01, 2021	Jun. 01, 2021	May 03, 2021
Business Acquisition [Line Items]
Goodwill	$ 0	$ 204,868,000
Heavy 16
Business Acquisition [Line Items]
Accounts receivable							$ 510,000
Inventories							1,451,000
Prepaid expenses and other current assets							34,000
Property, plant and equipment							1,078,000
Operating lease right-of-use assets							1,088,000
Other assets							25,000
Accounts payable							(1,055,000)
Accrued expenses and other current liabilities							(226,000)
Current portion of lease liabilities							(274,000)
Current portion of long-term debt							0
Long-term deferred tax liabilities							0
Long-term lease liabilities							(868,000)
Long-term debt							0
Other long-term liabilities							0
Net identifiable assets							1,763,000
Total identifiable intangible assets							57,400,000
Goodwill							18,204,000
Total purchase price allocation							77,367,000
Heavy 16 | Other intangible assets
Business Acquisition [Line Items]
Total identifiable intangible assets							200,000
Heavy 16 | Customer relationship
Business Acquisition [Line Items]
Total identifiable intangible assets							5,100,000
Heavy 16 | Trademarks and trade names
Business Acquisition [Line Items]
Total identifiable intangible assets							18,500,000
Heavy 16 | Technology, formulations and recipes
Business Acquisition [Line Items]
Total identifiable intangible assets							$ 33,600,000
H&G Entities
Business Acquisition [Line Items]
Accounts receivable						$ 3,308,000
Inventories						6,559,000
Prepaid expenses and other current assets						493,000
Property, plant and equipment						358,000
Operating lease right-of-use assets						1,921,000
Other assets						213,000
Accounts payable						(1,320,000)
Accrued expenses and other current liabilities						(445,000)
Current portion of lease liabilities						(447,000)
Current portion of long-term debt						0
Long-term deferred tax liabilities						(25,589,000)
Long-term lease liabilities						(1,501,000)
Long-term debt						0
Other long-term liabilities						0
Net identifiable assets						(16,450,000)
Total identifiable intangible assets						100,300,000
Goodwill						49,633,000
Total purchase price allocation						133,483,000
H&G Entities | Other intangible assets
Business Acquisition [Line Items]
Total identifiable intangible assets						200,000
H&G Entities | Customer relationship
Business Acquisition [Line Items]
Total identifiable intangible assets						12,500,000
H&G Entities | Trademarks and trade names
Business Acquisition [Line Items]
Total identifiable intangible assets						31,400,000
H&G Entities | Technology, formulations and recipes
Business Acquisition [Line Items]
Total identifiable intangible assets						$ 56,200,000
Aurora
Business Acquisition [Line Items]
Accounts receivable					$ 6,967,000
Inventories					11,031,000
Prepaid expenses and other current assets					1,086,000
Property, plant and equipment					37,991,000
Operating lease right-of-use assets					0
Other assets					0
Accounts payable					(4,360,000)
Accrued expenses and other current liabilities					(768,000)
Current portion of lease liabilities					0
Current portion of long-term debt					0
Long-term deferred tax liabilities					0
Long-term lease liabilities					0
Long-term debt					0
Other long-term liabilities					(3,840,000)
Net identifiable assets					48,107,000
Total identifiable intangible assets					84,324,000
Goodwill					46,440,000
Total purchase price allocation					178,871,000
Aurora | Other intangible assets
Business Acquisition [Line Items]
Total identifiable intangible assets					824,000
Aurora | Customer relationship
Business Acquisition [Line Items]
Total identifiable intangible assets					6,400,000
Aurora | Trademarks and trade names
Business Acquisition [Line Items]
Total identifiable intangible assets					59,100,000
Aurora | Technology, formulations and recipes
Business Acquisition [Line Items]
Total identifiable intangible assets					$ 18,000,000
Greenstar
Business Acquisition [Line Items]
Accounts receivable				$ 982,000
Inventories				8,728,000
Prepaid expenses and other current assets				447,000
Property, plant and equipment				1,717,000
Operating lease right-of-use assets				2,736,000
Other assets				176,000
Accounts payable				(777,000)
Accrued expenses and other current liabilities				(1,421,000)
Current portion of lease liabilities				(624,000)
Current portion of long-term debt				0
Long-term deferred tax liabilities				0
Long-term lease liabilities				(1,836,000)
Long-term debt				0
Other long-term liabilities				0
Net identifiable assets				10,128,000
Total identifiable intangible assets				23,383,000
Goodwill				50,009,000
Total purchase price allocation				83,520,000
Greenstar | Other intangible assets
Business Acquisition [Line Items]
Total identifiable intangible assets				383,000
Greenstar | Customer relationship
Business Acquisition [Line Items]
Total identifiable intangible assets				11,100,000
Greenstar | Trademarks and trade names
Business Acquisition [Line Items]
Total identifiable intangible assets				9,100,000
Greenstar | Technology, formulations and recipes
Business Acquisition [Line Items]
Total identifiable intangible assets				$ 2,800,000
IGE Entities
Business Acquisition [Line Items]
Accounts receivable			$ 2,367,000
Inventories			30,592,000
Prepaid expenses and other current assets			470,000
Property, plant and equipment			4,274,000
Operating lease right-of-use assets			4,447,000
Other assets			0
Accounts payable			(21,686,000)
Accrued expenses and other current liabilities			(859,000)
Current portion of lease liabilities			(815,000)
Current portion of long-term debt			(482,000)
Long-term deferred tax liabilities			(6,769,000)
Long-term lease liabilities			(3,116,000)
Long-term debt			(1,434,000)
Other long-term liabilities			0
Net identifiable assets			6,989,000
Total identifiable intangible assets			26,530,000
Goodwill			27,383,000
Total purchase price allocation			60,902,000
IGE Entities | Other intangible assets
Business Acquisition [Line Items]
Total identifiable intangible assets			2,430,000
IGE Entities | Customer relationship
Business Acquisition [Line Items]
Total identifiable intangible assets			6,300,000
IGE Entities | Trademarks and trade names
Business Acquisition [Line Items]
Total identifiable intangible assets			14,000,000
IGE Entities | Technology, formulations and recipes
Business Acquisition [Line Items]
Total identifiable intangible assets			$ 3,800,000

BUSINESS COMBINATIONS - Pro For

BUSINESS COMBINATIONS - Pro Forma (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021
Business Combination and Asset Acquisition [Abstract]
Net sales	$ 185	$ 346
Net income	$ 28	$ 46

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS, NET - Narrative (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($) acquisition	Dec. 31, 2021 USD ($) acquisition
Goodwill [Line Items]
Goodwill impairment	$ 189,572,000				$ 0
Goodwill	0		$ 0		$ 204,868,000
Amortization expense	$ 6,245,000	$ 1,766,000	$ 20,991,000	$ 2,972,000
Number of businesses acquired | acquisition				5	5

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS, NET - Goodwill (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Goodwill [Roll Forward]
Balance at December 31, 2021			$ 204,868,000
Impairment charges	$ 189,572,000	$ 0	192,328,000	$ 0
Balance at June 30, 2022	$ 0		0
IGE Entities
Goodwill [Roll Forward]
Remeasurement adjustments and foreign currency translation adjustments, net			(21,304,000)
Greenstar
Goodwill [Roll Forward]
Remeasurement adjustments and foreign currency translation adjustments, net			7,000,000
All others
Goodwill [Roll Forward]
Remeasurement adjustments and foreign currency translation adjustments, net			$ (992,000)

GOODWILL AND INTANGIBLE ASSET_5

GOODWILL AND INTANGIBLE ASSETS, NET - Intangible Assets, net (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 360,735	$ 223,025
Accumulated Amortization	(50,072)	(29,099)
Total	310,663	193,926
Indefinite-lived Intangible Assets [Line Items]
Gross Carrying Amount	363,536	343,918
Total	313,464	314,819
Trade names
Indefinite-lived Intangible Assets [Line Items]
Gross Carrying Amount	2,801	120,773
Other intangible assets
Indefinite-lived Intangible Assets [Line Items]
Gross Carrying Amount	0	120
Computer software
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	9,283	8,814
Accumulated Amortization	(7,921)	(7,208)
Total	1,362	1,606
Customer relationship
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	100,456	101,222
Accumulated Amortization	(20,894)	(16,517)
Total	79,562	84,705
Technology, formulations and recipes
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	114,319	110,561
Accumulated Amortization	(10,469)	(3,630)
Total	103,850	106,931
Trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	131,838	0
Accumulated Amortization	(6,728)	0
Total	125,110	0
Other intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	4,839	2,428
Accumulated Amortization	(4,060)	(1,744)
Total	$ 779	$ 684

GOODWILL AND INTANGIBLE ASSET_6

GOODWILL AND INTANGIBLE ASSETS, NET - Useful Life Finite-lived Intangible Assets (Details)	6 Months Ended
	Jun. 30, 2022
Computer software
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	5 years
Computer software | Weighted Average
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, amortization period	4 years
Customer relationship | Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	7 years
Customer relationship | Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	18 years
Customer relationship | Weighted Average
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, amortization period	11 years
Technology, formulations and recipes | Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	8 years
Technology, formulations and recipes | Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	12 years
Technology, formulations and recipes | Weighted Average
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, amortization period	11 years
Trade names | Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	15 years
Trade names | Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	20 years
Trade names | Weighted Average
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, amortization period	19 years

GOODWILL AND INTANGIBLE ASSET_7

GOODWILL AND INTANGIBLE ASSETS, NET - Future Amortization Expense (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
For the period of July 1, 2022 to December 31, 2022	$ 12,509
Year ending December 31, 2023	24,583
Year ending December 31, 2024	24,312
Year ending December 31, 2025	24,209
Year ending December 31, 2026	24,131
Thereafter	200,919
Total	$ 310,663	$ 193,926

EARNINGS (LOSS) PER COMMON SH_3

EARNINGS (LOSS) PER COMMON SHARE (“EPS”) - Calculation for Basic and Diluted EPS (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net (loss) income	$ (203,312)	$ 2,257	$ (226,608)	$ 7,197
Weighted-average shares of common stock outstanding (in shares)	44,910,193	37,862,417	44,814,881	35,792,374
Dilutive effect of warrants using the treasury stock method (in shares)	0	2,030,346	0	2,435,405
Diluted weighted-average shares of common stock outstanding (in shares)	44,910,193	42,044,929	44,814,881	40,523,686
Basic EPS (in dollars per share)	$ (4.53)	$ 0.06	$ (5.06)	$ 0.20
Diluted EPS (in dollars per share)	$ (4.53)	$ 0.05	$ (5.06)	$ 0.18
Restricted stock units
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Dilutive effect of share-based payments using the treasury stock method (in shares)	0	1,441,790	0	1,550,076
Stock options
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Dilutive effect of share-based payments using the treasury stock method (in shares)	0	710,376	0	745,831

EARNINGS (LOSS) PER COMMON SH_4

EARNINGS (LOSS) PER COMMON SHARE (“EPS”) - Antidilutive (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Warrant
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares subject to (in shares)	17,669	2,822,764	17,669	3,261,951
Performance based and restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares subject to (in shares)	1,071,053	1,554,156	1,071,053	1,659,654
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares subject to (in shares)	695,769	857,528	695,769	884,774

ACCOUNTS RECEIVABLE, NET AND _3

ACCOUNTS RECEIVABLE, NET AND INVENTORIES - Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Receivables [Abstract]
Trade accounts receivable	$ 30,626	$ 35,511
Allowance for doubtful accounts	(1,098)	(1,156)
Other receivables	2,518	7,129
Total accounts receivable, net	$ 32,046	$ 41,484

ACCOUNTS RECEIVABLE, NET AND _4

ACCOUNTS RECEIVABLE, NET AND INVENTORIES - Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Receivables [Abstract]
Finished goods	$ 121,512	$ 145,298
Work-in-process	10,541	5,967
Raw materials	42,120	41,399
Allowance for inventory obsolescence	(16,825)	(3,530)
Total inventories	$ 157,348	$ 189,134

OPERATING LEASES - Narrative (D

OPERATING LEASES - Narrative (Details) ft² in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Mar. 31, 2022 USD ($) ft²	Dec. 31, 2021 USD ($)
Leases [Abstract]
Renewal term	10 years		10 years
Operating lease, cost	$ 3,022	$ 1,678	$ 5,619	$ 3,172
Lessee, Lease, Description [Line Items]
Operating lease right-of-use assets	$ 51,923		$ 51,923			$ 45,245
Shoemakersville, Pennsylvania
Lessee, Lease, Description [Line Items]
Rented area (sf) | ft²					303
Operating lease right-of-use assets					$ 10,463

OPERATING LEASES - Balance Shee

OPERATING LEASES - Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease right-of-use assets, net of accumulated amortization	$ 51,923	$ 45,245
Total leased assets	51,923	45,245
Current portion of lease liabilities	8,130	7,198
Long-term lease liabilities	44,705	38,595
Total lease liabilities	$ 52,835	$ 45,793

OPERATING LEASES - Future Minim

OPERATING LEASES - Future Minimum Lease Payment (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Leases [Abstract]
For the period of July 1, 2022 to December 31, 2022	$ 4,931
2023	9,283
2024	9,009
2025	8,333
2026	6,824
2027	6,369
Thereafter	14,208
Total rental payments	58,957
Less portion representing interest	(6,122)
Total lease liabilities	52,835	$ 45,793
Less current portion	(8,130)	(7,198)
Long-term portion	$ 44,705	$ 38,595

OPERATING LEASES - Lease Not ye

OPERATING LEASES - Lease Not yet Commenced Maturity (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Leases [Abstract]
For the period of July 1, 2022 to December 31, 2022	$ 0
2023	3,254
2024	3,174
2025	3,502
2026	3,846
2027	3,954
Thereafter	21,955
Total rental payments	$ 39,685

PROPERTY, PLANT AND EQUIPMENT_3

PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Gross property and equipment	$ 64,463		$ 64,463		$ 58,764
Less: accumulated depreciation	(11,841)		(11,841)		(8,291)
Total property and equipment, net	52,622		52,622		50,473
Depreciation and amortization expense	1,590	$ 421	3,785	$ 806
Machinery and equipment
Property, Plant and Equipment [Line Items]
Gross property and equipment	27,296		27,296		25,177
Peat bogs and related development
Property, Plant and Equipment [Line Items]
Gross property and equipment	10,595		10,595		8,686
Building and improvements
Property, Plant and Equipment [Line Items]
Gross property and equipment	9,592		9,592		9,510
Land
Property, Plant and Equipment [Line Items]
Gross property and equipment	6,101		6,101		6,120
Leasehold improvements
Property, Plant and Equipment [Line Items]
Gross property and equipment	3,359		3,359		3,207
Computer equipment
Property, Plant and Equipment [Line Items]
Gross property and equipment	3,461		3,461		3,197
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Gross property and equipment	$ 4,059		$ 4,059		$ 2,867

ACCRUED EXPENSES AND OTHER CU_3

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Accrued compensation and benefits	$ 2,982	$ 3,713
Freight, custom and duty accrual	1,971	2,094
Goods in transit accrual	741	3,473
Income tax accrual	0	729
Contingent consideration	15,274	17,034
Other accrued liabilities	5,162	6,953
Total accrued expenses and other current liabilities	$ 26,130	$ 33,996

DEBT - Components (Details)

DEBT - Components (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Oct. 25, 2021
Debt Instrument [Line Items]
Long-term debt	$ 121,144	$ 121,780
Current portion of long-term debt	2,125	2,263
Long-term debt - net of unamortized discount and deferred financing costs of $5,587 and $6,025 at June 30, 2022, and December 31, 2021, respectively	119,019	119,517
Total debt	121,144	121,780
Unamortized discount and deferred financing costs	5,587	6,025
Term loan
Debt Instrument [Line Items]
Long-term debt	118,788	118,975
Unamortized discount and deferred financing costs	5,587	6,025	$ 6,190
Other
Debt Instrument [Line Items]
Long-term debt	$ 2,356	$ 2,805

DEBT - Term Loans (Details)

DEBT - Term Loans (Details) - USD ($) $ in Thousands			3 Months Ended	6 Months Ended
	Jun. 30, 2022	Oct. 25, 2021	Jun. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Deferred financing costs and discount	$ 5,587		$ 5,587	$ 5,587	$ 6,025
Finance lease obligations	2,250		2,250	2,250
Other debt of foreign subsidiary	106		$ 106	$ 106
Senior Secured Term Loan
Debt Instrument [Line Items]
Long-term debt, gross		$ 125,000
Debt instrument, call premium rate, year one		2%
Debt instrument, call premium rate, year two		1%
Debt instrument, call premium rate, after year two		0%
Debt instrument, interest rate during period			7.34%	7.32%
Deferred financing costs and discount	$ 5,587	$ 6,190	$ 5,587	$ 5,587	$ 6,025
Interest expense, debt			2,281	4,530
Amortization of deferred financing costs			$ 220	$ 438
Debt instrument, quarterly payment, principal outstanding, percentage		0.25%
Senior Secured Term Loan | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, floor on variable rate		1%
Debt instrument, basis spread on variable rate	5.50%
Rate lock	2.88%
Debt instrument, interest rate during period	8.38%
Senior Secured Term Loan | Alternative Base Rate
Debt Instrument [Line Items]
Debt instrument, floor on variable rate		2%
Debt instrument, basis spread on variable rate		4.50%

DEBT - Revolving Asset-backed C

DEBT - Revolving Asset-backed Credit Facilities (Details)				3 Months Ended		6 Months Ended
	Aug. 31, 2021 USD ($)	Mar. 29, 2021 USD ($)	Jul. 11, 2019 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Debt Instrument [Line Items]
Loss on debt extinguishment				$ 0	$ 0	$ 0	$ 680,000
JPMorgan Credit Facility
Debt Instrument [Line Items]
Debt instrument, term		3 years
Line of credit facility, maximum borrowing capacity	$ 100,000,000	$ 50,000,000
Line of credit facility, accordion feature, increase limit		25,000,000
Line of credit facility, accordion feature, withdrawal limit increments		5,000,000
Unamortized debt issuance expense				794,000		794,000
Line of credit facility, remaining borrowing capacity				$ 70,000,000		$ 70,000,000
Covenant , minimum fixed charge coverage ratio multiplier				1.1		1.1
Excess availability (less than)		$ 10,000,000
Covenant , minimum fixed charge coverage ratio, term						12 months
Covenant, excess availability term		30 days
Fixed charge coverage ratio				1.15		1.15
Borrowings outstanding				$ 0		$ 0		$ 0
JPMorgan Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 75,000,000
Line of credit facility, unused capacity, commitment fee percentage	0.25%
JPMorgan Credit Facility | Revolving Credit Facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.95%
Debt instrument, floor on variable rate	0%
Revolving Asset-baked Credit Facility | Encina Obligors
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			$ 45,000,000
Debt instrument, payment due, period before scheduled maturity date			90 days
Loss on debt extinguishment							$ 680,000
Revolving Asset-baked Credit Facility | Encina Obligors | Canada
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			$ 15,000,000
Bridge Loan | Encina Obligors
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			$ 2,000,000

STOCKHOLDERS_ EQUITY - Warrant

STOCKHOLDERS’ EQUITY - Warrant Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands		6 Months Ended		7 Months Ended
	Jul. 19, 2021	Jun. 30, 2022	Jun. 30, 2021	Jul. 18, 2021
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)		$ 11.30
Proceeds from exercises of investor warrants		$ 0	$ 20,295
Investor Warrants
Class of Warrant or Right [Line Items]
Redemption price (in dollars per share)	$ 0.00033712
Exercise price (in dollars per share)				$ 16.86
Warrants exercised (in shares)	1,491			3,367,647
Proceeds from exercises of investor warrants				$ 56,778
Warrant solicitation fee expense, percentage of net cash proceeds solicited by placement agents on certain warrants following call for redemption		5%
Investor Warrants | Common Stock
Class of Warrant or Right [Line Items]
Number of securities called by each warrant or right (in shares)	0.5
Number of consecutive trading days prior to notice of redemption	20 days
Investor Warrants | Common Stock | Minimum
Class of Warrant or Right [Line Items]
Share price (in dollars per share)	$ 25.28

STOCKHOLDERS_ EQUITY - Outstand

STOCKHOLDERS’ EQUITY - Outstanding Warrants (Details)	Jun. 30, 2022 $ / shares shares
Class of Warrant or Right [Line Items]
Warrants outstanding (in shares) | shares	17,669
Exercise price (in dollars per share) | $ / shares	$ 11.30
Investor Warrants, Placement Agents, $8.43
Class of Warrant or Right [Line Items]
Warrants outstanding (in shares) | shares	11,662
Exercise price (in dollars per share) | $ / shares	$ 8.43
Investor Warrants, Placement Agents, $16.86
Class of Warrant or Right [Line Items]
Warrants outstanding (in shares) | shares	6,007
Exercise price (in dollars per share) | $ / shares	$ 16.86

STOCK-BASED COMPENSATION - Narr

STOCK-BASED COMPENSATION - Narrative (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2022 USD ($) plan shares	Jun. 30, 2022 USD ($) plan shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of equity plans maintained | plan	3	3
RSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years
Cost not yet recognized, amount	$ 7,617	$ 7,617
Cost not yet recognized, period for recognition		1 year 4 months 13 days
Stock-based compensation expense	$ 1,849	$ 4,648
Awards vested but not yet issued (in shares) | shares	6,357	6,357
PSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		1 year
Cost not yet recognized, amount	$ 425	$ 425
Stock-based compensation expense	115	$ 160
PSU | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cost not yet recognized, period for recognition		1 year
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cost not yet recognized, amount	680	$ 680
Cost not yet recognized, period for recognition		1 year 9 months 18 days
Stock-based compensation expense	$ 109	$ 173
2020 Employee, Director, and Consultant Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares) | shares	1,628,154	1,628,154

STOCK-BASED COMPENSATION - RSU

STOCK-BASED COMPENSATION - RSU Activity (Details) - RSU	6 Months Ended
	Jun. 30, 2022 $ / shares shares
Number of RSUs
Beginning (in shares) | shares	1,087,608
Granted (in shares) | shares	460,486
Vested (in shares) | shares	(546,535)
Forfeited (in shares) | shares	(38,564)
Ending (in shares) | shares	962,995
Weighted average grant date fair value
Beginning (in dollars per shares) | $ / shares	$ 9.71
Granted (in dollars per share) | $ / shares	13.10
Vested (in dollars per share) | $ / shares	10.43
Forfeited (in dollars per share) | $ / shares	45.11
Ending (in dollars shares) | $ / shares	$ 9.50

STOCK-BASED COMPENSATION - PSU

STOCK-BASED COMPENSATION - PSU Activity (Details) - PSU	6 Months Ended
	Jun. 30, 2022 $ / shares shares
Number of PSUs
Beginning (in shares) | shares	0
Granted (in shares) | shares	116,113
Forfeited (in shares) | shares	(8,055)
Ending (in shares) | shares	108,058
Weighted average grant date fair value
Beginning (in dollars per shares) | $ / shares	$ 0
Granted (in dollars per share) | $ / shares	15.74
Forfeited (in dollars per share) | $ / shares	15.74
Ending (in dollars shares) | $ / shares	$ 15.74

STOCK-BASED COMPENSATION - Stoc

STOCK-BASED COMPENSATION - Stock Option Activity (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2022 $ / shares shares	Dec. 31, 2021 $ / shares shares
Number
Outstanding, beginning (in shares) | shares	720,549
Granted (in shares) | shares	4,250
Exercised (in shares) | shares	(8,283)
Cancelled (in shares) | shares	(1,030)
Forfeited (in shares) | shares	(19,717)
Outstanding, ending (in shares) | shares	695,769	720,549
Options exercisable (in shares) | shares	566,670
Vested and expected to vest (in shares) | shares	695,769
Weighted average exercise price
Outstanding, beginning (in dollars per share)	$ 9.57
Granted (in dollars per share)	13.12
Exercised (in dollars per share)	9.01
Cancelled (in dollars per share)	9.57
Forfeited (in dollars per share)	11.37
Outstanding, ending (in dollars per share)	9.54	$ 9.57
Options exercisable (in dollars per share)	8.87
Vested and expected to vest (in dollars per share)	9.54
Weighted average grant date fair value
Outstanding, beginning (in dollars per share)	2.21
Granted (in dollars per share)	12.95
Exercised (in dollars per share)	2.12
Cancelled (in dollars per share)	4.06
Forfeited (in dollars per share)	6.22
Outstanding, ending (in dollars per share)	2.16	$ 2.21
Options exercisable (in dollars per share)	1.23
Vested and expected to vest (in dollars per share)	$ 2.16
Weighted average remaining contractual term (years)
Outstanding, term	6 years 5 months 26 days	7 years 4 months 13 days
Options exercisable, term	6 years 3 months
Vested and expected to vest, term	6 years 5 months 26 days

STOCK-BASED COMPENSATION - Unve

STOCK-BASED COMPENSATION - Unvested Stock Option Activity (Details)	6 Months Ended
	Jun. 30, 2022 $ / shares shares
Number
Balance, outstanding, beginning (in shares) | shares	202,515
Granted (in shares) | shares	4,250
Vested (in shares) | shares	(57,949)
Forfeited (in shares) | shares	(19,717)
Balance, outstanding, ending (in shares) | shares	129,099
Weighted average grant date fair value
Balance, outstanding, beginning (in dollars per share) | $ / shares	$ 5.04
Granted (in dollars per share) | $ / shares	12.95
Vested (in dollars per share) | $ / shares	2.60
Forfeited (in dollars per share) | $ / shares	6.22
Balance, outstanding, ending (in dollars per share) | $ / shares	$ 6.22

COMMITMENTS, CONTINGENCIES, A_2

COMMITMENTS, CONTINGENCIES, AND RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Related Party Transaction [Line Items]
Operating lease, expense		$ 4,804	$ 2,071
Investor | Petaluma, California
Related Party Transaction [Line Items]
Operating lease, expense	$ 319		$ 639

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - Level 2 - Term Loan - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Carrying Amount
Liabilities
Debt	$ 124,375	$ 125,000
Estimated Fair Value
Liabilities
Debt	$ 114,425	$ 121,250