XML 68 R44.htm IDEA: XBRL DOCUMENT v3.20.4

Intangible Assets and Goodwill (Tables)

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

Intangible assets with finite useful lives are amortized over their estimated useful lives using the following methods and rates:

			Method						Rate
Software			Straight-line						5 years
Enterprise resource planning (“ERP”) software			Straight-line						5 years
Health Canada licenses			Straight-line						Useful life of corresponding facilities
Israeli codes(i)			Straight-line						Useful life of corresponding facilities

(i)    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 equity interests in the Cronos Israel entities specified above.

Intangible assets are comprised of the following items:

			Weighted average amortization period (in years)						As of December 31, 2020
									Cost						Accumulated amortization						Impairment charges						Net
Software			5						$	610					$	(291)					$	—					$	319
ERP system			5						3,955						(274)						—						3,681
Health Canada licenses			17						7,526						(1,254)						—						6,272
Lord JonesTM brand			N/A						64,000						—						(5,000)						59,000
Trademarks			N/A						148						—						—						148
Israeli codes(i)			25						322						(22)						—						300
									$	76,561					$	(1,841)					$	(5,000)					$	69,720

(i)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			5						$	541					$	(202)					$	339
Health Canada licenses			17						7,387						(821)						6,566
Lord JonesTM brand			N/A						64,000						—						64,000
Trademarks			N/A						36						—						36
Israeli codes(i)			25						298						(4)						294
									$	72,262					$	(1,027)					$	71,235

(i)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 December 31, 2020
									Cost						Accumulated amortization						Impairment charges						Net
Software			5						$	610					$	(291)					$	—					$	319
ERP system			5						3,955						(274)						—						3,681
Health Canada licenses			17						7,526						(1,254)						—						6,272
Lord JonesTM brand			N/A						64,000						—						(5,000)						59,000
Trademarks			N/A						148						—						—						148
Israeli codes(i)			25						322						(22)						—						300
									$	76,561					$	(1,841)					$	(5,000)					$	69,720

(i)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			5						$	541					$	(202)					$	339
Health Canada licenses			17						7,387						(821)						6,566
Lord JonesTM brand			N/A						64,000						—						64,000
Trademarks			N/A						36						—						36
Israeli codes(i)			25						298						(4)						294
									$	72,262					$	(1,027)					$	71,235

(i)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

Goodwill

			As of December 31, 2019						Additions						Impairment charges						Effect of foreign exchange						As of December 31, 2020
Peace Naturals			$	1,078					$	—					$	—					$	30					$	1,108
Redwood			213,414						—						(35,000)						—						178,414
			$	214,492					$	—					$	(35,000)					$	30					$	179,522

X

- References

No definition available.

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

+ Details

Name:	us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267

+ Details

Name:	us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 3
-Subparagraph (b),(d)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

+ Details

Name:	us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration