Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2024

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, 2024:


	Cannabis - Canada			Cannabis - United States		Total
Balance as of January 1, 2024	$	45,879		$	10,039	$	55,918
Foreign currency translation adjustment		(976	)		—		(976	)
Balance as of March 31, 2024	$	44,903		$	10,039	$	54,942

Intangible Assets

Intangibles consisted of the following as of:


Classification	March 31, 2024			December 31, 2023
Licenses	$	18,118		$	18,540
Brand and trademarks*		12,720			12,795
Customer relationships		13,296			13,586
Computer software		1,955			1,974
Other*		144			144
Less: Accumulated amortization		(8,105	)		(7,414	)
Less: Impairments		(7,350	)		(7,350	)
Intangibles, net	$	30,778		$	32,275

* Indefinite-lived intangible assets

The expected future amortization expense for definite-lived intangible assets as of March 31, 2024 was as follows:


Fiscal period
Remainder of 2024	$	2,480
2025		3,220
2026		3,131
2027		3,131
2028		1,880
Thereafter		11,422
Intangibles, net	$	25,264

Assessment for Indicators of Impairment

During the three months ended March 31, 2024 and 2023, the Company considered qualitative factors in assessing for impairment indicators for the Company’s U.S. 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, 2024, 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.