Item 2. Properties
ITEM 2. PROPERTIES
REAL ESTATE
Our real estate portfolio consists primarily of leased retail stores and related storage, warehouse and distribution centers, and offices located across the U.S. Our principal offices are located at 5619 DTC Parkway, Suite 900, Greenwood Village, CO 80111. In total, the Company utilizes 713,000 square feet of space, which primarily consists of 22,000 square feet of corporate office space, 286,000 square feet of warehouse and distribution center space, and 405,000 square feet of retail and related storage space. The table below summarizes our real estate portfolio by reporting segment and by state as of December 31, 2025.
Cultivation and Gardening Storage Solutions Corporate Total Locations
Alaska 1 — — 1
California 6 — — 6
Colorado 2 — 1 3
Maine 3 — — 3
Michigan 3 — — 3
Missouri 1 — — 1
New York — 4 — 4
Ohio 1 — — 1
Oklahoma (1)
3 — — 3
Oregon 2 — — 2
Rhode Island 1 — — 1
Utah — 1 — 1
Washington 2 — — 2
Total Locations 25 5 1 31
(1) The Company owns a retail location in Oklahoma.
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