The changes in the carrying amount of goodwill are as follows:


Balance, March 31, 2025	$	46,042
Purchase accounting allocations		55,685
Impairment losses		(47,491	)
Foreign currency translation adjustments		1,449
Balance, March 31, 2026	$	55,685
Foreign currency translation adjustments		-
Balance, June 30, 2026	$	55,685

The Company does not believe that an event occurred or circumstances changed during the three months ended June 30, 2026 that would, more likely than not, reduce the fair value of the Cannabis reporting unit below its carrying value. Therefore, the Company concluded that the quantitative goodwill impairment assessment was not required for the Cannabis reporting unit at June 30, 2026. The carrying value of goodwill associated with the Cannabis reporting unit was $55,685 at June 30, 2026.

The Company is required to perform its next annual goodwill impairment analysis on March 31, 2027, or earlier should there be an event that occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount.