Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS AND GOODWILL (Tables)

v3.20.1
INTANGIBLE ASSETS AND GOODWILL (Tables)
3 Months Ended
Mar. 31, 2020
FAIR VALUE MEASUREMENTS  
Schedule of Intangible Assets, Net

 

(in thousands)

 

March 31,

 

December 31,

 

2020

 

2019

 

Amortizing Intangible Assets:

 

Customer Relationships

 

$

10,770

 

$

7,860

 

Trademarks and Patent

 

196

 

196

 

Dispensary Licenses

 

10,270

 

10,270

 

Trade Name

 

690

 

-

 

Gross carrying amount

 

21,926

 

18,326

 

Accumulated Amortization

 

(9,370

)

 

(8,525

)

 

Total intangible assets, net

 

12,555

 

9,801

 

Indefinite-lived intangible assets:

 

Trade Name

 

4,310

 

5,070

 

Total Indefinite-Lived Intangible Assets

 

4,310

 

5,070

 

Total Intangible Assets, Net

 

$

16,865

 

$

14,871

Schedule of changes in the carrying amount of goodwill

 

Reportable Segment

 

(in thousands)

 

Cannabis

 

Corporate/Other

 

Total

 

Balance at December 31, 2019

 

$

21,471

 

$

-

 

$

21,471

 

Acquisition of OneQor

 

6,763

 

6,763

 

Impairment

 

(4,200

)

 

-

 

(4,200

)

Balance at March 31, 2020

 

$

17,271

 

$

6,763

 

$

24,034