Loans Receivable, net (Tables)

3 Months Ended

Mar. 31, 2026

Loans receivable, net consists of the following:


	As of March 31, 2026		As of December 31, 2025
Current portion of Mucci Promissory Note accrued interest	$	128	$	—
Total current portion of loans receivable, net	128		—
High Tide Loan	9,235		9,185
Mucci Promissory Note	9,081		9,226
Cannasoul Collaboration Loan	1,993		1,972
Add: Long-term portion of accrued interest	494		464
Total long-term portion of loans receivable, net	20,803		20,847
Total loans receivable, net	$	20,931	$	20,847

Schedule of Expected Credit Loss Allowances

Expected credit loss allowances on the Company’s long-term financial assets for the three months ended March 31, 2026 and 2025 were comprised of the following items:


	As of December 31, 2025		Increase(i)		Foreign exchange effect		As of March 31, 2026
Mucci Promissory Note	$	59	$	1	$	(1)	$	59
Cannasoul Collaboration Loan	631		5		9		645
High Tide Loan	4,924		106		(79)		4,951
	$	5,614	$	112	$	(71)	$	5,655


	As of December 31, 2024		Increase(ii)		Foreign exchange effect		As of March 31, 2025
Mucci Promissory Note	88		5		—		93
Cannasoul Collaboration Loan	535		4		(10)		529
	$	623	$	9	$	(10)	$	622

(i)During the three months ended March 31, 2026, $6 was recorded as an increase to general and administrative expenses on the condensed consolidated statements of net income (loss) and comprehensive income (loss) as a result of adjustments to our expected credit losses. During the three months ended March 31, 2026, $106 was recorded as a change in allowance for credit loss on non-operating loan on the condensed consolidated statements of net income (loss) and comprehensive income (loss) as a result of adjustments to our allowance for expected credit loss on the High Tide Loan.

(ii)During the three months ended March 31, 2025, $9 was recorded as an increase to general and administrative expenses on the condensed consolidated statements of net income (loss) and comprehensive income (loss) as a result of adjustments to our expected credit losses.