Lowell Farms Inc. Annual report pursuant to Section 13 and 15(d)

ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2021

	(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
Land		-		-		-			8,261		8,261
Buildings		-		-		-			6,268		6,268
Equipment		-		-		-			1,221		1,221
Other tangible assets		-		-		739					739
Intangible assets - brands and tradenames		250		158		37,299			-		37,707
Intangible assets - technology and know-how and other		208		-		-			3,050		3,258
Liabilities assumed
Payables and other liabilities		-		-		(730	)		-		(730	)
Fair value of net assets acquired	$	458	$	164	$	41,920		$	18,800	$	61,342