Lowell Farms Inc. Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS (Tables)

6 Months Ended

Jun. 30, 2021

Completed Acquisitions

	(1)		(2)		(3)			(4)
			The Humble		The Hacienda			Lowell Farm
(in thousands)	Kaizen Inc.		Flower Co.		Company, LLC			Services		Total
CONSIDERATION
Contingent Payment	$	50	$	44	$	-		$	-	$	94
Cash						4,019			-		4,019
Transaction costs						428			190		618
Note payable and other obligations		200		65		3,115			9,000		12,380
Fair value of subordinate voting shares		62		55		34,358			9,610		44,085
Total consideration	$	312	$	164	$	41,920		$	18,800	$	61,196

PURCHASE PRICE ALLOCATION
Assets Acquired
Inventories	$	-	$	6	$	3,300		$	-	$	3,306
Accounts receivable - net		-		-		1,312			-		1,312
Other tangible assets		-		-		739			15,750		16,489
Intangible assets - brands and tradenames		104		80		37,299			-		37,483
Intangible assets - technology and know-how and other		208		78		-			3,050		3,336
Liabilities assumed
Payables and other liabilities		-		-		(730	)		-		(730	)
Fair value of net assets acquired	$	312	$	164	$	41,920		$	18,800	$	61,196