FAIR VALUE MEASUREMENT (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Financial instruments measured at fair value on a recurring basis

The following table sets forth the Company’s financial instruments that were measured at fair value on a recurring basis at March 31, 2022 and December 31, 2021, by level within the fair value hierarchy:

	March 31, 2022
	Level 1		Level 2		Level 3		Total
Financial assets:
Stanley Brothers USA Holdings Purchase Option	$	—	$	—	$	13,100	$	13,100
Financial liabilities:
Warrant liabilities	$	—	$	—	$	—	$	—

	December 31, 2021
	Level 1		Level 2		Level 3		Total
Financial assets:
Stanley Brothers USA Holdings Purchase Option	$	—	$	—	$	13,000	$	13,000
Financial liabilities:
Warrant liabilities	$	—	$	—	$	—	$	—

Measurement inputs

The following additional assumptions are used in the model of the SBH Purchase Option:

	March 31,	December 31,
	2022	2021
Expected volatility	92.5%	92.5%
Expected term (years)	3.4	3.7
Risk-free interest rate	2.4%	1.1%
Weighted average cost of capital	40.0%	40.0%