FAIR VALUE MEASUREMENT (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2024 and December 31, 2023, by level within the fair value hierarchy:

	September 30, 2024
	Level 1		Level 2		Level 3		Total
Financial assets:
Stanley Brothers USA Holdings purchase option	$	—	$	—	$	370	$	370
Debt interest rate conversion feature	—		—		958		958
Total financial assets	$	—	$	—	$	1,328	$	1,328
Investment in unconsolidated entity:	$	—	$	—	$	11,400	$	11,400
Financial liabilities:
Debt conversion option	$	—	$	1,589	$	—	$	1,589

	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 Fair Value Measurement Joint Venture and Additional Assumptions Used in Debt Interest Rate Conversion Option and Assumption Regarding Level 2 Fair Value Measurements Inputs and Assumptions Used in the Model of SBH Purchase Option

The following additional assumptions are used in the model:

	September 30,	December 31,
	2024	2023
Expected term (years)	5.5	6.3
Volatility	84.1%	70.0%
Risk-free interest rate	4.2%	3.9%
Expected dividend yield	—%	—%
Discount for lack of marketability	31.0%	20.0%

The following additional assumptions are used in the model:

	September 30,	December 31,
	2024	2023
Stated interest rate	5.0%	5.0%
Adjusted interest rate	1.5%	1.5%
Implied debt yield	10.2%	11.0%
Federal regulation probability	Various	Various
Year of event	Various	Various

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

	September 30,	December 31,
	2024	2023
Expected volatility	88.0%	87.4%
Expected term (years)	5.1	5.9
Risk-free interest rate	3.7%	3.9%
Expected dividend yield	—%	—%
Value of underlying share	C$0.19	C$0.27
Exercise price	C$2.00	C$2.00

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

	September 30,	December 31,
	2024	2023
Expected volatility	127.0%	125.0%
Expected term (years)	1.4	2.2
Risk-free interest rate	4.2%	4.2%
Weighted average cost of capital	51.9%	50.6%