Annual report [Section 13 and 15(d), not S-K Item 405]

Goodwill (Tables)

v3.25.1
Goodwill (Tables)
12 Months Ended
Dec. 31, 2024
Goodwill.  
Schedule of goodwill

For the purposes of impairment testing, goodwill is allocated to the Company’s reporting units as follows:

Standard

Jupiter

Farms PA

Total

Balance, December 31, 2022

$

17,721

$

3,030

$

20,751

Impairment

(3,030)

(3,030)

Balance, December 31, 2023

$

17,721

$

$

17,721

Impairment

Balance, December 31, 2024

$

17,721

$

$

17,721

Schedule of key assumptions used in determining the recoverable amount of reporting unit

The following tables detail the key assumptions used in determining the recoverable amounts as of December 31, 2024 and 2023:

As of December 31,

Jupiter

2024

2023

Terminal value growth rate

3.0%

3.0%

Discount rate

14.0%

19.0%

Projected revenue growth rate(1)

(0.5)%

9.9%

Fair value

$

117,190

$

96,111

As of December 31,

Standard Farms PA

2023

Terminal value growth rate

3.0%

Discount rate

17.0%

Projected revenue growth rate(1)

11.8%

Fair value

$

24,280

_____________

(1) Reflects estimated compound annual revenue growth over the next five years.