Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS (Details)

v3.21.2
ACQUISITIONS (Details)
 9 Months Ended
Sep. 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
Land 8,261
Buildings 6,268
Equipment 1,221
Other tangible assets 739,000
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
Kaizen Inc,  
Assets Acquired  
Contingent payment 50,000
Cash 0
Transaction costs 0
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
Land 0
Buildings 0
Equipment 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
Cash 0
Transaction costs 0
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
Land 0
Buildings 0
Equipment 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
Land 0
Buildings 0
Equipment 0
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
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
Land 8,261
Buildings 6,268
Equipment 1,221
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