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Intangible Assets
 6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Dec. 31, 2021
Intangible Assets [Abstract]      
Intangible Assets

11.    Intangible Assets

Cost:

  

Software

  

Licences

  

Total

Balance, December 31, 2021

  

$

—

  

$

389,456

 

  

$

389,456

 

Acquisitions (note 4)

  

 

17,548

  

 

24,648,224

 

  

 

24,665,772

 

Impact of loss of control of Bophelo Bio Science & Wellness (Pty) Ltd.

  

 

—

  

 

(350,670

)

  

 

(350,670

)

Movement in exchange rates

  

 

633

  

 

(23,521

)

  

 

(22,888

)

Balance, December 31, 2022

  

 

18,181

  

 

24,663,489

 

  

 

24,681,670

 

Movement in exchange rates

  

 

755

  

 

722

 

  

 

1,477

 

Balance, June 30, 2023

  

$

18,936

  

$

24,664,211

 

  

$

24,683,147

 

Accumulated amortization:

  

Software

  

Licences

  

Total

Balance, December 31, 2021

  

$

—

  

$

130,354

 

  

$

130,354

 

Amortization

  

 

7,550

  

 

2,464,822

 

  

 

2,472,372

 

Impact of loss of control of Bophelo Bio Science & Wellness (Pty) Ltd.

  

 

—

  

 

(140,268

)

  

 

(140,268

)

Movement in exchange rates

  

 

704

  

 

9,914

 

  

 

10,618

 

Balance, December 31, 2022

  

 

8,254

  

 

2,464,822

 

  

 

2,473,076

 

Amortization

  

 

4,534

  

 

1,232,411

 

  

 

1,236,945

 

Movement in exchange rates

  

 

616

  

 

—

 

  

 

616

 

Balance, June 30, 2023

  

$

13,404

  

$

3,697,233

 

  

$

3,710,637

 

Net book value

  

Software

  

Licences

  

Total

Balance, December 31, 2022

  

$

9,927

  

$

22,198,667

  

$

22,208,594

Balance, June 30, 2023

  

$

5,532

  

$

20,966,978

  

$

20,972,510

The Company’s intangible assets consists of computer software program with a carrying value of $5,532 (December 31, 2022 — $9,927), and licenses consisting of a cannabis distribution license with a carrying value of $15,986 at June 30, 2023 (December 31, 2022 — $15,264) and a cannabis API manufacturing and GMP license with a carrying value of $20,950,992 (December 31, 2022 — $22,183,403). During the year ended December 31, 2022, the Company derecognized a cannabis operator’s license with a net book value of $210,402 (2021 — $242,086) in connection with the loss of control of Bophelo Bio Science and Wellness (Pty) Ltd. (note 4). The Company considered indicators of impairment at December 31, 2022 and 2021. The Company did not record any impairment loss during the years ended December 31, 2022 and 2021.

At June 30, 2023, the remaining useful life of the Company’s finite life intangible assets is approximately 8.5 years. The Company’s cannabis distribution license has been classified as an indefinite-life intangible asset as the Company expects to maintain this asset and the end point of the useful life of such asset cannot be determined. The Company evaluates the assumption of the indefinite life of the cannabis distribution license at least annually.

11.    Intangible Assets

Cost:

 

Software

 

Licences

  

Total

Balance, December 31, 2020

  

$

—

  

$

422,826

 

  

$

422,826

 

Movement in exchange rates

  

 

—

  

 

(33,370

)

  

 

(33,370

)

Balance, December 31, 2021

  

$

—

  

$

389,456

 

  

$

389,456

 

Acquisitions (note 4)

  

 

17,548

  

 

24,648,224

 

  

 

24,665,772

 

Impact of loss of control of Bophelo Bio Science & Wellness (Pty) Ltd.

  

 

—

  

 

(350,670

)

  

 

(350,670

)

Movement in exchange rates

  

 

633

  

 

(23,522

)

  

 

(22,889

)

Balance, December 31, 2022

  

$

18,181

  

$

24,663,489

 

  

$

24,681,670

 

Accumulated amortization:

  

Software

  

Licences

  

Total

Balance, December 31, 2020

  

$

—

  

$

101,420

 

  

$

101,420

 

Amortization

  

 

—

  

 

38,766

 

  

 

38,766

 

Movement in exchange rates

  

 

—

  

 

(9,832

)

  

 

(9,832

)

Balance, December 31, 2021

  

$

  —

  

$

130,354

 

  

$

130,354

 

Amortization

  

 

7,550

  

 

2,464,822

 

  

 

2,472,372

 

Impact of loss of control of Bophelo Bio Science & Wellness (Pty) Ltd.

  

 

—

  

 

(140,268

)

  

 

(140,268

)

Movement in exchange rates

  

 

704

  

 

9,914

 

  

 

10,618

 

Balance, December 31, 2022

  

$

  8,254

  

$

2,464,822

 

  

$

2,473,076

 

Net book value

  

Software

  

Licences

  

Total

Balance, December 31, 2021

  

$

—

  

$

259,102

  

$

259,102

Balance, December 31, 2022

  

$

  9,927

  

$

22,198,667

  

$

22,208,594

The Company’s licenses consist of a computer program with a carrying value of $9,927 (2021 — $nil), a cannabis distribution license with a carrying value of $15,264 at December 31, 2022 (2021 — $17,016) a cannabis API manufacturing and GMP license with a carrying value of $22,183,403 (2021 — $242,086). As at December 31, 2022, the Company derecognized a cannabis operator’s license with a net book value of $210,402 (2021 — $242,086) in connection with the loss of control of Bophelo Bio Science and Wellness (Pty) Ltd. (note 4). The Company considered indicators of impairment at December 31, 2022 and 2021. The Company did not record any impairment loss during the years ended December 31, 2022 and 2021.

At December 31, 2022, the remaining useful life of the Company’s finite life intangible assets is approximately 9 years. The Company’s cannabis distribution license has been classified as an indefinite-life intangible asset as the Company expects to maintain this asset and the end point of the useful life of such asset cannot be determined. The Company evaluates the assumption of the indefinite life of the cannabis distribution license at least annually.

8.      Intangible assets

Cost:

  

Licences

Balance, December 31, 2019

  

$

437,911

 

Movement in exchange rates

  

 

(15,085

)

Balance, December 31, 2020

  

$

422,826

 

Movement in exchange rates

  

 

(33,370

)

Balance, December 31, 2021

  

$

389,456

 
   

 

  

 

Accumulated depreciation

  

Licences

Balance, December 31, 2019

  

$

63,202

 

Amortization

  

 

41,337

 

Movement in exchange rates

  

 

(3,119

)

Balance, December 31, 2020

  

$

101,420

 

Amortization

  

 

38,766

 

Movement in exchange rates

  

 

(9,832

)

Balance, December 31, 2021

  

$

130,354

 
   

 

  

 

Net book value

  

Licences

Balance, December 31, 2020

  

$

321,406

 

Balance, December 31, 2021

  

$

259,102

 

The Company’s intangible assets consist of a cannabis operator’s license with a carrying value of $242,086 at December 31, 2021 (2020 — $304,260) and a cannabis distribution license with a carrying value of $17,016 at December 31, 2021 (2020 — $17,146). The Company considered indicators of impairment at December 31, 2021 and 2020. The Company did not record any impairment loss during the year ended December 31, 2021 (2020 — nil, 2019 — nil).

At December 31, 2021, the remaining useful life of the Company’s cannabis operator’s license is approximately 6.5 years. The Company’s cannabis distribution license has been classified as an indefinite-life intangible asset as the Company expects to maintain this asset and the end point of the useful life of such asset cannot be determined. The Company evaluates the assumption of the indefinite life of the cannabis distribution license at least annually.