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Marketable Securities
 6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Marketable Securities [Abstract]    
Marketable Securities

8.      Marketable Securities

During the year ended December 31, 2022, concurrent to the acquisition of Holigen (note 4), the Company subscribed for, and purchased 14,285,714 ordinary shares of The Flowr Corporation (“Flowr”) by way of a private placement for a consideration of approximately $801,160 (CDN$ 1,000,000). The subscription for the 14,285,714 ordinary shares of Flowr was a closing deliverable requirement in terms of the sale and purchase agreement between the Company and Flowr with respect to the acquisition of Holigen.

Set out below is a reconciliation of the movement of the Company’s investment during the six months ended June 30, 2023 and the year ended December 31, 2022:

Balance, December 31, 2021

  

$

—

 

Purchase of investment

  

 

801,160

 

Change in fair value

  

 

(516,281

)

Movement in exchange rate

  

 

(21,188

)

Balance, December 31, 2022

  

 

263,691

 

Change in fair value

  

 

464

 

Movement in exchange rate

  

 

5,845

 

Balance, June 30, 2023(*)

  

$

270,000

 

​(*)      Reflects closing price of CAD$0.025 on June 30, 2023.

8.      Marketable Securities

During the year ended December 31, 2022, concurrent to the acquisition of Holigen (note 4), the Company subscribed for, and purchased 14,285,714 ordinary shares of The Flowr Corporation (“Flowr”) by way of a private placement for a consideration of approximately $801,160 (CDN$ 1,000,000). The subscription for the 14,285,714 ordinary shares of Flowr was a closing deliverable requirement in terms of the sale and purchase agreement between the Company and Flowr with respect to the acquisition of Holigen.

Set out below is a reconciliation of the movement of the Company’s investment during the year ended December 31, 2022:

Balance, December 31, 2021

  

$

—

 

Purchase of investment

  

 

801,160

 

Change in fair value

  

 

(516,281

)

Movement in exchange rate

  

 

(21,188

)

Balance, December 31, 2022(*)

  

$

263,691

 

____________

(*)      Reflects closing price of CAD$0.025 on December 31, 2022.