The following table presents the changes in the carrying value of goodwill by reportable segment for the three months ended March 31, 2026:


	Cannabis
Balance as of December 31, 2025	$	44,365
Foreign currency translation adjustment		(712	)
Balance as of March 31, 2026	$	43,653

Intangible assets consisted of the following as of:


Classification	March 31, 2026			December 31, 2025
Licenses	$	18,186		$	18,508
Brand and trademarks*		12,623			12,678
Customer relationships		12,927			13,137
Computer software		544			1,621
Other*		144			144
Less: Accumulated amortization		(12,716	)		(13,191	)
Less: Impairments*		(9,250	)		(9,250	)
Intangibles, net	$	22,458		$	23,647

* Includes indefinite-lived intangible assets

The expected future amortization expense for definite-lived intangible assets as of March 31, 2026 was as follows:


Fiscal period
Remainder of 2026	$	2,117
2027		3,199
2028		1,850
2029		1,850
2030		1,849
Thereafter		7,987
Intangibles, net	$	18,852

Amortization expense was $809 and $794 for the three months ended March 31, 2026 and 2025, respectively.

At the end of each reporting period, the Company assesses whether events or changes in circumstances have occurred that would indicate an impairment. The Company considers external and internal factors, including overall financial performance and relevant entity-specific factors, as part of this assessment.

During the three months ended March 31, 2026 and 2025, the Company considered qualitative factors in assessing for impairment indicators for the Canadian Cannabis reporting unit.

At March 31, 2026 and March 31, 2025, the Company concluded that no impairment indicators existed as no events or circumstances occurred that would, more likely than not, reduce the fair value of the reporting unit to be below its carrying amounts.