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v3.20.2

Intangible Assets and Goodwill (Tables) | 6 Months Ended
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Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Finite-Lived Intangible Assets | Intangible assets are comprised of the following items:
| Weighted Average Amortization Period (in years) |  | As of June 30, 2020 |  |  |  |  |  |
|  |  | Cost |  | Accumulated Amortization |  | Impairment charges |  | Net
Software (i) | N/A |  | $ | 612 |  |  | $ | (298) |  |  | $ | — |  |  | $ | 314 |
Enterprise Resource Planning (“ERP”) system (ii) | 5 |  | 2,570 |  |  | — |  |  | — |  |  | 2,570 |
Health Canada licenses | 17 |  | 8,255 |  |  | (1,167) |  |  | — |  |  | 7,088 |
Lord Jones™ brand | N/A |  | 64,000 |  |  | — |  |  | (5,000) |  |  | 59,000 |
Trademarks | N/A |  | 140 |  |  | — |  |  | — |  |  | 140 |
Israeli Codes (iii) | 25 |  | 297 |  |  | (10) |  |  | — |  |  | 287 |
|  |  | $ | 75,874 |  |  | $ | (1,475) |  |  | $ | (5,000) |  |  | $ | 69,399 |
(i)Software amortizes using a double declining method. (ii)During the six months ended June 30, 2020, the Company capitalized costs for the ERP system. As of June 30, 2020, the system is not yet available for use, resulting in no amortization being recorded against the asset. (iii)The preliminary licenses granted to Kibbutz Gan Shmuel (the Cronos Israel joint venture partner) by the Medical Cannabis Unit of the Israeli Ministry of Health in early 2017 (the “Israeli Codes”) were transferred by non-controlling interests to Cronos Israel in exchange for their equity interests in the Cronos Israel entities specified above.
| Weighted Average Amortization Period (in years) |  | As of December 31, 2019 |  |  |  |
|  |  | Cost |  | Accumulated Amortization |  | Net
Software (i) | N/A |  | $ | 541 |  |  | $ | (202) |  |  | $ | 339 |
Health Canada licenses | 17 |  | 8,627 |  |  | (976) |  |  | 7,651 |
Lord Jones™ brand | N/A |  | 64,000 |  |  | — |  |  | 64,000 |
Trademarks | N/A |  | 36 |  |  | — |  |  | 36 |
Israeli Codes (ii) | 25 |  | 298 |  |  | (4) |  |  | 294 |
|  |  | $ | 73,502 |  |  | $ | (1,182) |  |  | $ | 72,320 |
(i)Software amortizes using a double declining method. (ii) The Israeli Codes were transferred by non-controlling interests to Cronos Israel in exchange for their equity interests in the Cronos Israel entities specified above.
Schedule of Indefinite-Lived Intangible Assets | Intangible assets are comprised of the following items:
| Weighted Average Amortization Period (in years) |  | As of June 30, 2020 |  |  |  |  |  |
|  |  | Cost |  | Accumulated Amortization |  | Impairment charges |  | Net
Software (i) | N/A |  | $ | 612 |  |  | $ | (298) |  |  | $ | — |  |  | $ | 314 |
Enterprise Resource Planning (“ERP”) system (ii) | 5 |  | 2,570 |  |  | — |  |  | — |  |  | 2,570 |
Health Canada licenses | 17 |  | 8,255 |  |  | (1,167) |  |  | — |  |  | 7,088 |
Lord Jones™ brand | N/A |  | 64,000 |  |  | — |  |  | (5,000) |  |  | 59,000 |
Trademarks | N/A |  | 140 |  |  | — |  |  | — |  |  | 140 |
Israeli Codes (iii) | 25 |  | 297 |  |  | (10) |  |  | — |  |  | 287 |
|  |  | $ | 75,874 |  |  | $ | (1,475) |  |  | $ | (5,000) |  |  | $ | 69,399 |
(i)Software amortizes using a double declining method. (ii)During the six months ended June 30, 2020, the Company capitalized costs for the ERP system. As of June 30, 2020, the system is not yet available for use, resulting in no amortization being recorded against the asset. (iii)The preliminary licenses granted to Kibbutz Gan Shmuel (the Cronos Israel joint venture partner) by the Medical Cannabis Unit of the Israeli Ministry of Health in early 2017 (the “Israeli Codes”) were transferred by non-controlling interests to Cronos Israel in exchange for their equity interests in the Cronos Israel entities specified above.
| Weighted Average Amortization Period (in years) |  | As of December 31, 2019 |  |  |  |
|  |  | Cost |  | Accumulated Amortization |  | Net
Software (i) | N/A |  | $ | 541 |  |  | $ | (202) |  |  | $ | 339 |
Health Canada licenses | 17 |  | 8,627 |  |  | (976) |  |  | 7,651 |
Lord Jones™ brand | N/A |  | 64,000 |  |  | — |  |  | 64,000 |
Trademarks | N/A |  | 36 |  |  | — |  |  | 36 |
Israeli Codes (ii) | 25 |  | 298 |  |  | (4) |  |  | 294 |
|  |  | $ | 73,502 |  |  | $ | (1,182) |  |  | $ | 72,320 |
(i)Software amortizes using a double declining method. (ii) The Israeli Codes were transferred by non-controlling interests to Cronos Israel in exchange for their equity interests in the Cronos Israel entities specified above.
Schedule of Goodwill |
| As of December 31, 2019 |  | Additions |  | Impairment charges |  | Effect of foreign exchange |  | As of June 30, 2020
OGBC | $ | 302 |  |  | $ | — |  |  | $ | — |  |  | $ | (13) |  |  | $ | 289 |
Peace Naturals | 1,078 |  |  | — |  |  | — |  |  | (45) |  |  | 1,033 |
Redwood | 213,414 |  |  | — |  |  | (35,000) |  |  | — |  |  | 178,414 |
| $ | 214,794 |  |  | $ | — |  |  | $ | (35,000) |  |  | $ | (58) |  |  | $ | 179,736 |

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