FAIR VALUE MEASUREMENT (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of 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, 2024 and December 31, 2023, by level within the fair value hierarchy:

	March 31, 2024
	Level 1		Level 2		Level 3		Total
Financial assets:
Stanley Brothers USA Holdings purchase option	$	—	$	—	$	779	$	779
Debt interest rate conversion feature	—		—		800		800
Total financial assets	$	—	$	—	$	1,579	$	1,579
Investment in unconsolidated entity:	$	—	$	—	$	10,200	$	10,200
Financial liabilities:
Debt conversion option	$	—	$	3,200	$	—	$	3,200

	December 31, 2023
	Level 1		Level 2		Level 3		Total
Financial assets:
Stanley Brothers USA Holdings purchase option	$	—	$	—	$	1,730	$	1,730
Debt interest rate conversion feature	—		—		872		872
Total financial assets	$	—	$	—	$	2,602	$	2,602
Investment in unconsolidated entity:	$	—	$	—	$	11,000	$	11,000
Financial liabilities:
Debt conversion option	$	—	$	3,213	$	—	$	3,213

Schedule of Measurement inputs

The following additional assumptions are used in the model:

	March 31,	December 31,
	2024	2023
Expected term (years)	6.0	6.3
Volatility	75.0%	70.0%
Risk-free interest rate	4.2%	3.9%
Expected dividend yield	—%	—%
Discount for lack of marketability	20.0%	20.0%

The following additional assumptions are used in the model:

	March 31,	December 31,
	2024	2023
Stated interest rate	5.0%	5.0%
Adjusted interest rate	1.5%	1.5%
Implied debt yield	12.8%	11.0%
Federal regulation probability	Various	Various
Year of event	Various	Various

The following table provides the assumption regarding Level 2 fair value measurements inputs at their measurement dates:

	March 31,	December 31,
	2024	2023
Expected volatility	87.9%	87.4%
Expected term (years)	5.6	5.9
Risk-free interest rate	4.2%	3.9%
Expected dividend yield	—%	—%
Value of underlying share	C$0.28	C$0.27
Exercise price	C$2.00	C$2.00

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

	March 31,	December 31,
	2024	2023
Expected volatility	125.0%	125.0%
Expected term (years)	1.9	2.2
Risk-free interest rate	4.6%	4.2%
Weighted average cost of capital	50.9%	50.6%