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

ACQUISITIONS (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

		(1)		(2)		(3)
(in thousands)	Kaizen Inc.		The Humble Flower Co.		The Hacienda Company, LLC			Total
CONSIDERATION
Contingent Payment	$	50	$	44	$	-		$	94
Cash						4,019			4,019
Transaction costs						428			428
Note payable and other obligations		200		65		2,178			2,443
Fair value of subordinate voting shares		62		55		34,358			34,475
Total consideration	$	312	$	164	$	40,983		$	41,459

PURCHASE PRICE ALLOCATION
Assets Acquired
Inventories	$	-	$	6	$	3,300		$	3,306
Accounts receivable - net		-		-		1,312			1,312
Other tangible assets		-		-		741			741
Intangible assets - brands and tradenames		104		80		36,362			36,546
Intangible assets - technology and know-how		208		78		-			286
Liabilities assumed
Payables and other liabilities		-		-		(732	)		(732	)
Total identifiable net assets		312		164		40,983			41,459

Fair value of net assets acquired	$	312	$	164	$	40,983		$	41,459

			(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