Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2023

Goodwill And Intangible Assets Disclosure [Abstract]

4. GOODWILL AND INTANGIBLE ASSETS

Goodwill

The following table presents the changes in the carrying value of goodwill by reportable segment for the three months ended March 31, 2023:


	Cannabis - Canada		Cannabis - United States		Total
Balance as of December 31, 2022	$	44,886	$	21,339	$	66,225
Foreign currency translation adjustment		60		—		60
Balance as of March 31, 2023	$	44,946	$	21,339	$	66,285

Intangible Assets

Intangibles consisted of the following as of:


Classification	March 31, 2023			December 31, 2022
Licenses	$	18,200		$	17,691
Brand and trademarks*		12,723			12,719
Customer relationships		13,309			13,291
Computer software		1,956			1,955
Other*		144			144
Less: Accumulated amortization		(4,892	)		(4,013	)
Less: Impairments		(4,630	)		(4,630	)
Intangibles, net	$	36,810		$	37,157

* Indefinite-lived intangible assets

The expected future amortization expense for definite-lived intangible assets as of March 31, 2023 was as follows:


Fiscal period
Remainder of 2023	$	2,403
2024		3,145
2025		3,058
2026		2,969
2027		2,969
Thereafter		14,029
Intangibles, net	$	28,573

Quarterly Assessment for Indicators of Impairment

During the first quarter of 2023, the Company considered qualitative factors in assessing for impairment indicators for the Company’s US and Canadian cannabis segments. As part of this assessment, the Company considered both external and internal factors, including overall financial performance and outlook. At March 31, 2023, the Company concluded that no impairment indicators existed as no events or circumstances occurred that would, more likely than not, reduce the fair value of the reporting units to be below their carrying amounts.