Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS (Details)

v3.21.2
ACQUISITIONS (Details)
 6 Months Ended
Jun. 30, 2021
USD ($)
Assets Acquired  
Contingent payment $ 94,000
Cash 4,019,000
Transaction costs 618,000
Note payable and other obligations 12,380,000
Fair value of subordinate voting shares 44,085,000
Total consideration 61,196,000
Inventories 3,306,000
Accounts receivable - net 1,312,000
Other tangible assets 16,489,000
Intangible assets - brands and tradenames 37,483,000
Intangible assets - technology and know-how 3,336,000
Liabilities Assumed  
Payables and other liabilities (730,000)
Total identifiable net assets 61,196,000
LowellFarmService [Member]  
Assets Acquired  
Contingent payment 0
Cash 0
Transaction costs 190,000
Note payable and other obligations 9,000,000
Fair value of subordinate voting shares 9,610,000
Total consideration 18,800,000
Inventories 0
Accounts receivable - net 0
Other tangible assets 15,750,000
Intangible assets - brands and tradenames 0
Intangible assets - technology and know-how 3,050,000
Liabilities Assumed  
Payables and other liabilities 0
Total identifiable net assets 18,800,000
Kaizen Inc,  
Assets Acquired  
Contingent payment 50,000
Note payable and other obligations 200,000
Fair value of subordinate voting shares 62,000
Total consideration 312,000
Inventories 0
Accounts receivable - net 0
Other tangible assets 0
Intangible assets - brands and tradenames 104,000
Intangible assets - technology and know-how 208,000
Liabilities Assumed  
Payables and other liabilities 0
Total identifiable net assets 312,000
The Humble Flower Co.  
Assets Acquired  
Contingent payment 44,000
Note payable and other obligations 65,000
Fair value of subordinate voting shares 55,000
Total consideration 164,000
Inventories 6,000
Accounts receivable - net 0
Other tangible assets 0
Intangible assets - brands and tradenames 80,000
Intangible assets - technology and know-how 78,000
Liabilities Assumed  
Payables and other liabilities 0
Total identifiable net assets 164,000
The Hacienda Company, LLC  
Assets Acquired  
Contingent payment 0
Cash 4,019,000
Transaction costs 428,000
Note payable and other obligations 3,115,000
Fair value of subordinate voting shares 34,358,000
Total consideration 41,920,000
Inventories 3,300,000
Accounts receivable - net 1,312,000
Other tangible assets 739,000
Intangible assets - brands and tradenames 37,299,000
Intangible assets - technology and know-how 0
Liabilities Assumed  
Payables and other liabilities (730,000)
Total identifiable net assets $ 41,920,000