FAIR VALUE MEASUREMENT (Tables)

9 Months Ended

Sep. 30, 2025

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, 2025 and December 31, 2024, by level within the fair value hierarchy:

	September 30, 2025
	Level 1		Level 2		Level 3		Total
Financial assets:
Stanley Brothers USA Holdings purchase option	$	—	$	—	$	—	$	—
Debt interest rate conversion feature	—		—		590		590
Total financial assets	$	—	$	—	$	590	$	590
Investment in unconsolidated entity:	$	—	$	—	$	9,300	$	9,300
Financial liabilities:
Debt conversion option	$	—	$	1,651	$	—	$	1,651

	December 31, 2024
	Level 1		Level 2		Level 3		Total
Financial assets:
Stanley Brothers USA Holdings purchase option	$	—	$	—	$	52	$	52
Debt interest rate conversion feature	—		—		1,023		$	1,023
Total financial assets	$	—	$	—	$	1,075	$	1,075
Investment in unconsolidated entity:	$	—	$	—	$	10,800	$	10,800
Financial liabilities:
Debt conversion option	$	—	$	786	$	—	786

Schedule of Measurement Inputs

The following additional assumptions are used in the model:

	September 30,	December 31,
	2025	2024
Expected term (years)	5.0	5.3
Volatility	88.0%	83.6%
Risk-free interest rate	3.7%	4.4%
Expected dividend yield	—%	—%
Discount for lack of marketability	32.0%	31.0%

The following additional assumptions are used in the model:

	September 30,	December 31,
	2025	2024
Stated interest rate	5.0%	5.0%
Adjusted interest rate	1.5%	1.5%
Implied debt yield	9.8%	9.9%
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,
	2025	2024
Expected volatility	87.9%	87.9%
Expected term (years)	4.1	4.9
Risk-free interest rate	3.9%	4.5%
Expected dividend yield	—%	—%
Value of underlying share	C$0.24	C$0.13
Exercise price	C$2.00	C$2.00

The following additional assumptions are used in the fair value model of the SBH Purchase Option as of December 31, 2024:

	December 31,
	2024
Expected volatility	112.0%
Expected term (years)	1.2
Risk-free interest rate	4.9%
Weighted average cost of capital	52.9%