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INTANGIBLE ASSETS AND GOODWILL

3 Months Ended

Mar. 31, 2023

8. INTANGIBLE ASSETS AND GOODWILL

A continuity of intangible assets for the three months ended March 31, 20223 is as follows:

	License			Customer/Supplier Relationships		Trademarks and Brands			Patents		Non-Compete Agreements		Goodwill			Total
Cost
At December 31, 2022	$	1,879		$	7,703	$	5,243		$	4,530	$	1,190	$	23,633		$	44,178
Additions		-			194		-			-		-		-			194
At March 31, 2023	$	1,879		$	7,897	$	5,243		$	4,530	$	1,190	$	23,633		$	44,372

Accumulated Amortization
At December 31, 2022	$	273		$	386	$	658		$	621	$	463	$	-		$	2,401
Additions		85			333		162			139		99		-			818
At March 31, 2023	$	358		$	719	$	820		$	760	$	562	$	-		$	3,219

Foreign Currency translation		(53	)		18		(15	)		-		-		(261	)		(311	)
Net book value at March 31, 2023	$	1,468		$	7,196	$	4,408		$	3,770	$	628	$	23,372		$	40,842

Amortization expense for the three months ended March 31, 2023 was $0.8 million (March 31, 2022 - $0.4 million) and was recorded in depreciation and amortization in the condensed interim consolidated statements of loss and comprehensive loss.

At March 31, 2023, the weighted average amortization period remaining for intangible assets was 5.9 years.

At March 31, 2023, the estimated future amortization expense related to intangible assets is as follows:

2023	$	2,472
2024		3,190
2025		2,794
2026		2,781
2027		2,707
Thereafter		3,526
Total	$	17,470

The Company’s goodwill is assigned to the following reporting units:

	Pharmaceuticals			Food and beverage			Vessel			JustCBD			Franchise		Total
Gross goodwill recorded prior to December 31, 2022	$	1,413		$	834		$	19,675		$	25,038		$	3,732	$	50,692
Impairment recorded prior to December 31, 2022		(1,413	)		(834	)		(19,675	)		(5,398	)		-		(27,320	)
Net book value as at December 31, 2022		-			-			-			19,640			3,732		23,372
Net book value as at March 31, 2023	$	-		$	-		$	-		$	19,640		$	3,732	$	23,372