Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

GOODWILL AND INTANGIBLE ASSETS, NET

v3.25.1
GOODWILL AND INTANGIBLE ASSETS, NET
12 Months Ended
Dec. 31, 2024
Disclosure of detailed information about intangible assets [abstract]  
GOODWILL AND INTANGIBLE ASSETS, NET [Text Block]
NOTE 10 -
GOODWILL AND INTANGIBLE ASSETS, NET
 
   
Cultivations and processing licenses (*)
   
Customer relationships
   
Trade name
   
Goodwill
   
Other
   
Total
 
Cost:
                                   
                                     
Balance at January 1, 2023
 
$
2,524
   
$
13,076
   
$
1,564
   
$
117,900
   
$
23
   
$
135,087
 
PPA adjustments
   
-
     
2,225
     
-
     
-
     
-
     
2,225
 
Disposals
   
-
     
(2,225
)
   
-
     
-
     
-
     
(2,225
)
Foreign currency translation adjustments
   
-
     
(349
)
   
-
     
324
     
-
     
(25
)
                                                 
Balance at December 31, 2023
   
2,524
     
12,727
     
1,564
     
118,224
     
23
     
135,062
 
Impairment (Note 19F2)
   
-
     
-
     
-
     
(495
)
   
-
     
(495
)
Deconsolidation of Oranim
   
-
     
(2,822
)
   
-
     
(3,499
)
   
-
     
(6,321
)
Foreign currency translation adjustments
   
147
     
174
     
-
     
578
     
-
     
899
 
                                                 
Balance at December 31, 2024
   
2,671
     
10,079
     
1,564
     
114,808
     
23
     
129,145
 
                                                 
Accumulated amortization:
                                               
                                                 
Balance at January 1, 2023
   
1,673
     
6,068
     
1,516
     
108,129
     
20
     
117,406
 
Amortization during the year
   
18
     
1,730
     
7
     
-
     
3
     
1,758
 
                                                 
Balance at December 31, 2023
   
1,691
     
7,798
     
1,523
     
108,129
     
23
     
119,164
 
Amortization during the year
   
-
     
1,369
     
8
     
-
     
-
     
1,377
 
Deconsolidation of Oranim
   
-
     
(1,408
)
   
-
     
-
     
-
     
(1,408
)
                                                 
Balance at December 31, 2024
   
1,691
     
7,759
     
1,531
     
108,129
     
23
     
119,133
 
                                                 
Amortized cost at December 31, 2024
 
$
980
   
$
2,320
   
$
33
   
$
6,679
   
$
-
   
$
10,012
 
                                                 
Amortized cost at December 31, 2023
 
$
833
   
$
4,929
   
$
41
   
$
10,095
   
$
-
   
$
15,898
 
 
  (*)
The licenses consist of GMP and GDP licenses and they have indefinitely useful life.
 
Amortization expenses amounted to $1,377, $1,758 and $2,343, were recorded as part of selling and marketing expenses during the years ended December 31, 2024, 2023 and 2022, respectively. In addition, during the year ended December 31, 2022, the Company recorded goodwill and intangible assets impairment amounted to $107,854 and $3,067, respectively, related to Trichome (see Note 21 below). During the year ended December 31, 2023, the Company did not record goodwill and intangible assets impairment. During the year ended December 31, 2024, the Company derecognized goodwill and intangible assets in the amount of $3,499 and $1,414, respectively, as part of the deconsolidation of Oranim and goodwill impairment amounted to $495 related to Panaxia (see Note 19F below).