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FAIR VALUE MEASUREMENT (Tables)
 6 Months Ended
Jun. 30, 2023
Fair Value Disclosures [Abstract]  
Financial instruments measured at fair value on a recurring basis
The following table sets forth the Company’s financial instruments and other that were measured at fair value on a recurring basis at June 30, 2023 and December 31, 2022, by level within the fair value hierarchy:

June 30, 2023

Level 1Level 2Level 3Total
Financial assets:
Stanley Brothers USA Holdings Purchase Option$—$—$2,057$2,057 
Debt interest rate conversion feature——836836 
Total Financial Assets$—$—$2,893$2,893
Investment in unconsolidated entity:$—$—$10,700$10,700 
Financial liabilities:
Debt conversion option$—$2,815$—$2,815 

December 31, 2022

Level 1Level 2Level 3Total
Financial assets:
Stanley Brothers USA Holdings Purchase Option$—$—$2,300 $2,300 
Debt interest rate conversion feature——1,3201,320 
Total Financial Assets$—$—$3,620$3,620
Financial liabilities:
Debt conversion option$—$12,995$—$12,995 
Measurement Inputs
The following additional assumptions are used in the model:
June 30,
 2023
Expected term (years)
6.77
Volatility66.0%
Risk-free interest rate4.0%
Expected dividend yield—%
Discount for lack of marketability20.0%
The following additional assumptions are used in the model:
June 30, December 31,
 20232022
Stated interest rate5.0%5.0%
Adjusted interest rate1.5%1.5%
Implied debt yield10.8%8.6%
Federal regulation probabilityvarious15.0%
Year of eventvarious2025
The following table provides the assumption regarding Level 2 fair value measurements inputs at their measurement dates:
June 30,December 31,
 20232022
Expected volatility
87.4%86.7%
Expected term (years)
6.36.9
Risk-free interest rate
4.0%4.0%
Expected dividend yield
—%—%
Value of underlying share
C$0.23C$0.73
Exercise priceC$2.00C$2.00
June 30,  December 31,
 20232022
Expected volatility
120.0%115.0%
Expected term (years)
2.72.7
Risk-free interest rate
4.6%4.3%
Weighted average cost of capital
45.0%40.0%