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INTANGIBLE ASSETS AND GOODWILL | 3 Months Ended
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Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS AND GOODWILL | Intangible assets are recorded at cost less accumulated amortization and impairment losses, if any. Intangible assets acquired in a business combination are measured at fair value as of the acquisition date. Amortization of definite life intangible assets is provided on a straight-line basis over their estimated useful lives. The estimated useful lives, residual values, and amortization methods for intangible assets are reviewed by the Company at each reporting period, and any changes in estimates are accounted for prospectively. As of March 31, 2026, intangible assets consisted of the following:
| Licenses |  | Tradenames |  | Technology |  | Total
Cost |  |  |  |  |  |  |
Balance as of January 1, 2026 | $ | 794,183 |  |  | $ | 45,108 |  |  | $ | 5,546 |  |  | $ | 844,837 |
Balance as of March 31, 2026 | $ | 794,183 |  |  | $ | 45,108 |  |  | $ | 5,546 |  |  | $ | 844,837 |
Accumulated Amortization |  |  |  |  |  |  |
Balance as of January 1, 2026 | 239,895 |  |  | 21,369 |  |  | 4,483 |  |  | 265,747 |
Amortization | 13,277 |  |  | 1,128 |  |  | 110 |  |  | 14,515 |
Balance as of March 31, 2026 | $ | 253,172 |  |  | $ | 22,497 |  |  | $ | 4,593 |  |  | $ | 280,262 |
Net Book Value |  |  |  |  |  |  |
Balance as of January 1, 2026 | 554,288 |  |  | 23,739 |  |  | 1,063 |  |  | 579,090 |
Balance as of March 31, 2026 | $ | 541,011 |  |  | $ | 22,611 |  |  | $ | 953 |  |  | $ | 564,575 |
The following table outlines the estimated annual amortization expense related to intangible assets as of March 31, 2026:
Year Ending December 31, |  | Estimated Amortization
2026 (Remaining) |  | $ | 43,393 |
2027 |  | 57,875 |
2028 |  | 57,862 |
2029 |  | 57,859 |
2030 |  | 57,859 |
Thereafter |  | 289,727 |
Total |  | $ | 564,575 |
The changes in the carrying amount of goodwill, by reportable segment, for the three months ended March 31, 2026 were as follows:
| January 1, 2026 |  | Impairment |  | Adjustments to purchase price allocation |  | Acquisitions |  | March 31, 2026
Cultivation | $ | 8,063 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 8,063 |
Retail | 152,946 |  |  | — |  |  | — |  |  | — |  |  | 152,946 |
Total | $ | 161,009 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 161,009 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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