Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS - 2022 Preliminary Purchase Price Allocation (Details)

v3.22.2.2
ACQUISITIONS - 2022 Preliminary Purchase Price Allocation (Details) - USD ($)
$ in Thousands
 1 Months Ended 2 Months Ended
Apr. 30, 2022
Mar. 31, 2022
Apr. 30, 2022
Sep. 30, 2022
Jun. 30, 2022
Dec. 31, 2021
Liabilities Assumed:            
Goodwill   $ 54,300   $ 81,562 $ 81,562 $ 45,828
Consideration:            
Contingent consideration liabilities - current portion       $ 3,253   $ 0
NuLeaf            
Assets Acquired:            
Cash and cash equivalents $ 618   $ 618      
Prepaids and other assets 273   273      
Accounts receivable, net 39   39      
Inventory 5,791   5,791      
Indemnification assets 4,145   4,145      
Property, plant and equipment 5,513   5,513      
Right-of-use assets - finance lease 4,598   4,598      
Right-of-use assets - operating lease 1,067   1,067      
Intangible assets 17,440   17,440      
Deposits 110   110      
Total assets acquired 39,594   39,594      
Liabilities Assumed:            
Accounts payable and accrued liabilities 604   604      
Finance lease obligations 4,598   4,598      
Operating lease obligations 1,067   1,067      
Deferred tax liabilities 10,247   10,247      
Total liabilities assumed 16,516   16,516      
Net assets acquired 23,078   23,078      
Goodwill 27,262   27,262      
Total 50,340   50,340      
Consideration:            
Consideration paid in cash, as adjusted for working capital adjustments 14,918          
Consideration payable in cash (customary hold back liability) 1,000          
Consideration paid in promissory notes (fair value) 12,860          
Consideration paid in shares 13,573          
Contingent consideration liabilities - current portion 7,989   7,989      
Fair value of consideration 50,340          
NuLeaf | Licensing Agreements            
Assets Acquired:            
Intangible assets 14,700   14,700      
Apothecarium            
Assets Acquired:            
Cash and cash equivalents   25        
Prepaids and other assets   32        
Accounts receivable, net   0        
Inventory   699        
Indemnification assets   0        
Property, plant and equipment   498        
Right-of-use assets - finance lease   2,553        
Right-of-use assets - operating lease   0        
Intangible assets   8,200        
Deposits   301        
Total assets acquired   12,308        
Liabilities Assumed:            
Accounts payable and accrued liabilities   502        
Finance lease obligations   2,544        
Operating lease obligations   0        
Deferred tax liabilities   2,601        
Total liabilities assumed   5,647        
Net assets acquired   6,661        
Goodwill   8,472        
Total   15,133        
Consideration:            
Consideration paid in cash, as adjusted for working capital adjustments   6,617        
Consideration payable in cash (customary hold back liability)   0        
Consideration paid in promissory notes (fair value)   6,922        
Consideration paid in shares   1,594        
Contingent consideration liabilities - current portion   0        
Fair value of consideration   $ 15,133        
Apothecarium | Licensing Agreements            
Assets Acquired:            
Intangible assets         $ 8,200  
2022 Business Combinations            
Assets Acquired:            
Cash and cash equivalents 643   643      
Prepaids and other assets 305   305      
Accounts receivable, net 39   39      
Inventory 6,490   6,490      
Indemnification assets 4,145   4,145      
Property, plant and equipment 6,011   6,011      
Right-of-use assets - finance lease 7,151   7,151      
Right-of-use assets - operating lease 1,067   1,067      
Intangible assets 25,640   25,640      
Deposits 411   411      
Total assets acquired 51,902   51,902      
Liabilities Assumed:            
Accounts payable and accrued liabilities 1,106   1,106      
Finance lease obligations 7,142   7,142      
Operating lease obligations 1,067   1,067      
Deferred tax liabilities 12,848   12,848      
Total liabilities assumed 22,163   22,163      
Net assets acquired 29,739   29,739      
Goodwill 35,734   35,734      
Total 65,473   65,473      
Consideration:            
Consideration paid in cash, as adjusted for working capital adjustments     21,535      
Consideration payable in cash (customary hold back liability)     1,000      
Consideration paid in promissory notes (fair value)     19,782      
Consideration paid in shares     15,167      
Contingent consideration liabilities - current portion $ 7,989   7,989      
Fair value of consideration     $ 65,473