Lowell Farms Inc. General form of registration statement for all companies including face-amount certificate companies

ACQUISITIONS (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

		(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

				(2)
		(1)	The Humble
(in thousands)	Kaizen Inc.		Flower Co.		Total
CONSIDERATION
Contingent Payment	$	50	$	44	$	94
Note Payable		200		65		265
Fair value of subordinate voting shares		62		55		117
Total consideration	$	312	$	164	$	476

PURCHASE PRICE ALLOCATION
Assets Acquired
Inventories	$	-	$	6		6
Intangible assets - brands and trademarks		104		80		184
Intangible assets - technology and know-how		208		78		286
Liabilities assumed
Notes payable		-		-		-
Total identifiable net assets		312		164		476

Noncontrolling interest		-		-		-

Fair value of net assets acquired	$	312	$	164	$	476