FAIR VALUE MEASUREMENT (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2022 and December 31, 2021, by level within the fair value hierarchy:

	September 30, 2022
	Level 1		Level 2		Level 3		Total
Financial assets:
Stanley Brothers USA Purchase Option	$	—	$	—	$	9,100	$	9,100

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

Measurement inputs

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

	September 30,	December 31,
	2022	2021
Expected volatility	87.5%	92.5%
Expected term (years)	2.9	3.7
Risk-free interest rate	4.2%	1.1%
Weighted average cost of capital	45.0%	40%