11. INTANGIBLE ASSETS AND GOODWILL

A continuity of intangible assets for the years ended December 31, 2023 and 2022 is as follows:

In Thousands of United States dollars		License			Customer Relationships		Trademarks and Brands			Patents		Non- Compete Agreements		Goodwill			Total
Cost
At December 31, 2021	$	200		$	1,570	$	2,090		$	4,300	$	1,190	$	19,675		$	29,025
Acquired through business combinations		1,397			5,945		3,063			230		-		29,031			39,666
Impairment		(128	)		-		-			-		-		(25,073	)		(25,201	)
At December 31, 2022	$	1,469		$	7,515	$	5,153		$	4,530	$	1,190	$	23,633		$	43,490

Accumulated Amortization
At December 31, 2021	$	6		$	26	$	35		$	48	$	66	$	-		$	181
Additions		66			322		583			573		397		-			1,941
At December 31, 2022	$	72		$	348	$	618		$	621	$	463	$	-		$	2,122

Foreign Currency translation		5			17		(18	)		-		-		(261	)		(257	)
Net book value at December 31, 2022	$	1,402		$	7,184	$	4,517		$	3,909	$	727	$	23,372		$	41,111

In Thousands of United States dollars		License			Customer and Supplier Relationships			Trademarks and Brands			Patents			Non- Compete Agreements			Goodwill			Total
Cost
At December 31, 2022	$	1,469		$	7,515		$	5,153		$	4,530		$	1,190		$	23,633		$	43,490
Additions		-			194			-			-			-			-			194
Impairment		(1,216	)		(6,502	)		(3,249	)		(3,432	)		(529	)		(23,372	)		(38,300	)
At December 31, 2023	$	253		$	1,207		$	1,904		$	1,098		$	661		$	261		$	5,384

Accumulated Amortization
At December 31, 2022	$	72		$	348		$	618		$	621		$	463		$	-		$	2,122
Additions		200			916			514			291			198			-			2,119
At December 31, 2023	$	272		$	1,264		$	1,132		$	912		$	661		$	-		$	4,241

Foreign Currency translation		19			57			(12	)		-			-			(261	)		(197	)
Net book value at December 31, 2023	$	-		$	-		$	760		$	186		$	-		$	-		$	946

The Company's intangible asset additions in 2022 primarily consist of assets acquired as part of the February 2022 purchase of JustCBD and the December 2022 purchase of FGH (Note 10). Information regarding the significant JustCBD intangible assets within the indicated categories of the table above is as follows as at December 31, 2023:

•

Tradenames: carrying amount $0.5 million with 74 months of remaining amortization periods

The Company's intangible asset additions in 2023 primarily consist of customer relationships acquired as part of the March 2023 purchase of Original Hemp (Note 10). These customer relationships were fully impaired and their carrying amount at December 31, 2023 was $nil.

The gross cost of the intangible assets is amortized over their estimated useful lives, as the Company does not expect the assets to have significant residual value for any of the asset classes. The weighted average amortization period at December 31, 2023 by asset class subject to amortization is as follows:

Trademarks and brands 6.1 years

Patents 6.8 years

Total 6.2 years

Certain trademarks have renewal or extension terms available, with a weighted average of 6.1 years remaining before the next renewal or extension is due at December 31, 2023. The Company expenses such costs as incurred. The Company's trademarks and brands are registered to protect the assets from use by others, and cash flows of the related reporting units and asset groups could be negatively impact if the Company did not successfully renew them.

At December 31, 2023, the estimated aggregate amortization expense for each of the next five years is as follows:

Thousands of United States dollars
2024	$152
2025	$152
2026	$152
2027	$152
2028	$152

The Company's goodwill is assigned to the following reporting units for the years ended December 31, 2022 and 2023:

In Thousands of United States dollars		Vessel			JustCBD			FGH			Total
Gross goodwill recorded prior to December 31, 2021	$	19,675		$	-		$	-		$	19,675
Impairment recorded prior to December 31, 2021		-			-			-			-
Net book value as at December 31, 2021		19,675			-			-			19,675
Acquired through business combinations		-			25,315			3,716			29,031
Impairment		(19,675	)		(5,398	)		-			(25,073	)
Foreign exchange impacts		-			(277	)		16			(261	)
Net book value as at December 31, 2022		-			19,640			3,732			23,372
Impairment					(19,640	)		(3,732	)		(23,372	)
Net book value as at December 31, 2023	$	-		$	-		$	-		$	-