Loans Receivable, net (Tables)

6 Months Ended

Jun. 30, 2026

Loans receivable, net consists of the following:


	As of June 30, 2026		As of December 31, 2025
Current portion of Mucci Promissory Note accrued interest	$	—	$	—
Total current portion of loans receivable, net	—		—
High Tide Loan	9,252		9,185
Mucci Promissory Note	5,480		9,226
Cannasoul Collaboration Loan	2,101		1,972
Add: Long-term portion of accrued interest	546		464
Total long-term portion of loans receivable, net	17,379		20,847
Total loans receivable, net	$	17,379	$	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 June 30, 2026 and 2025 were comprised of the following items:


	As of March 31, 2026		Increase (decrease)(i)		Foreign exchange effect		As of June 30, 2026
Mucci Promissory Note	$	59	$	(23)	$	(1)	$	35
Cannasoul Collaboration Loan	645		5		37		687
High Tide Loan	4,951		108		(99)		4,960
	$	5,655	$	90	$	(63)	$	5,682


	As of December 31, 2025		Increase (decrease)(i)		Foreign exchange effect		As of June 30, 2026
Mucci Promissory Note	$	59	$	(22)	$	(2)	$	35
Cannasoul Collaboration Loan	631		10		46		687
High Tide Loan	4,924		214		(178)		4,960
	$	5,614	$	202	$	(134)	$	5,682


	As of March 31, 2025		Increase (decrease)(ii)		Foreign exchange effect		As of June 30, 2025
Mucci Promissory Note	$	93	$	(24)	$	5	$	74
Cannasoul Collaboration Loan	529		4		56		589
	$	622	$	(20)	$	61	$	663


	As of December 31, 2024		Increase (decrease)(ii)		Foreign exchange effect		As of June 30, 2025
Mucci Promissory Note	$	88	$	(19)	$	5	$	74
Cannasoul Collaboration Loan	535		8		46		589
	$	623	$	(11)	$	51	$	663

(i)During the three and six months ended June 30, 2026, $18 and $12, respectively, were recorded as decreases 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 and six months ended June 30, 2026, $108 and $214, respectively, were recorded as changes 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 and six months ended June 30, 2025, $20 and $11, respectively, were recorded as decreases 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.