Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS AND GOODWILL (Tables)

v3.22.1
INTANGIBLE ASSETS AND GOODWILL (Tables)
 3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets The approximate useful lives for amortization of our intangible assets are as follows:
Customer relationships
3 to 5 years
Trademark and patent
2 to 8 years
Dispensary licenses
14 years
Intangible assets, net consisted of the following as of March 31, 2022 and December 31, 2021:
(in thousands)
March 31, 2022 December 31, 2021
Estimated
Useful
Life in
Years 		Gross
Carrying
Amount 		Accumulated
Amortization		 Net
Carrying
Value 		Gross
Carrying
Amount 		Accumulated
Amortization		 Net
Carrying
Value
Amortizing Intangible Assets:
Customer Relationships
3 to 5
 $ 7,400  $ (7,400) $ —  $ 7,400  $ (7,400) $ — 
Trademarks and Patent
2 to 8
 4,500  (1,303) 3,197  4,500  (750) 3,750 
Operating Licenses 14 100,701  (8,654) 92,047  100,701  (6,864) 93,837 
Total Amortizing Intangible Assets 112,601  (17,357) 95,244  112,601  (15,014) 97,587 
Non-Amortizing Intangible Assets:
Trade Name Indefinite 32,050  —  32,050  32,050  —  32,050 
Total Non-Amortizing Intangible Assets 32,050  —  32,050  32,050  —  32,050 
Total Intangible Assets, Net $ 144,651  $ (17,357) $ 127,294  $ 144,651  $ (15,014) $ 129,637