INTANGIBLE ASSETS AND GOODWILL

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL

Intangible assets

The following table details the intangible asset balances by major asset classes:

Intangibles	March 31, 2023		December 31, 2022
Finite-lived intangible assets:
Customer relationships	1,000		1,000
Total finite-lived intangible assets	1,000		1,000
Accumulated amortization on finite-lived intangible assets:
Customer relationships	(1,000)		(1,000)
Total accumulated amortization on finite-lived intangible assets	(1,000)		(1,000)
Finite-lived intangible assets, net	—		—
Indefinite-lived intangible assets
Cannabis licenses	35,124		35,124
Total intangibles, net	$	35,124	$	35,124

During the year ended December 31, 2022, the Company amended the purchase price allocation related to its acquisition of certain Ohio operations based upon final valuations within the measurement period. As a result, $17,000 was re-allocated from Goodwill to Intangible assets, net on the Unaudited Condensed Consolidated Statements of Financial Position.

There was no amortization expense recorded for the three months ended March 31, 2023. Amortization expense associated with the Company’s intangible assets was $696 for the three months ended March 31, 2022.

Goodwill

The following table details the changes in the carrying amount of goodwill:

Goodwill	Total
December 31, 2022	$	13,761
Acquisitions	24,933
March 31, 2023	$	38,694

During the three months ended March 31, 2023, the Company recognized $24,933 of goodwill based on the preliminary purchase price allocation related to the acquisition of Northeast Patients Group. Refer to Note 3 for further discussion.