Jushi Holdings Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

ACQUISITIONS - 2021 Preliminary Purchase Price Allocation (Details)

ACQUISITIONS - 2021 Preliminary Purchase Price Allocation (Details) - USD ($) $ in Thousands	1 Months Ended				12 Months Ended
	Sep. 30, 2021	Jul. 31, 2021	Apr. 30, 2021	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2022
Liabilities Assumed:
Goodwill					$ 45,828	$ 19,093	$ 38,239
2021 Business Combinations and Asset Acquisitions
Assets Acquired:
Cash and cash equivalents					3,454
Prepaids					378
Accounts receivable, net					263
Inventory					16,066
Indemnification assets					2,733
Right-of-use assets - operating lease					3,196
Assets Acquired:
Property, plant and equipment					22,904
Right-of-use assets - finance leases					29,355
Intangible assets - license					63,631
Deposits					45
Total assets acquired					148,525
Liabilities Assumed:
Accounts payable and accrued liabilities					7,194
Operating lease obligations					3,126
Deferred tax liabilities					22,110
Uncertain tax positions					2,733
Liabilities Assumed:
Finance lease obligations					29,084
Total liabilities assumed					64,247
Net assets acquired					84,278
Goodwill					28,518
Total					112,796
Consideration paid in cash, as adjusted for working capital adjustments					50,728
Consideration paid in promissory notes (fair value)					17,774
Consideration paid in shares					36,038
Contingent liability					8,223
Capitalized costs					33
Fair value of consideration					112,796
2021 Business Combinations and Asset Acquisitions \| Tradenames
Assets Acquired:
Intangible assets					4,400
2021 Business Combinations and Asset Acquisitions \| Customer Relationships
Assets Acquired:
Intangible assets					2,100
OhiGrow
Assets Acquired:
Property, plant and equipment		$ 3,165
Intangible assets - license		1,817
Total assets acquired		4,982
Liabilities Assumed:
Total liabilities assumed		0
Net assets acquired		4,982
Consideration paid in cash, as adjusted for working capital adjustments		4,949
Capitalized costs		33
Fair value of consideration		$ 4,982
Grover Beach
Assets Acquired:
Property, plant and equipment				$ 269
Right-of-use assets - finance leases				2,050
Intangible assets - license				3,654
Deposits				19
Total assets acquired				5,992
Liabilities Assumed:
Finance lease obligations				2,032
Total liabilities assumed				2,032
Net assets acquired				3,960
Consideration paid in cash, as adjusted for working capital adjustments				3,592
Consideration paid in shares				368
Fair value of consideration				$ 3,960
Nature’s Remedy
Assets Acquired:
Cash and cash equivalents	$ 3,195
Prepaids	325
Accounts receivable, net	263
Inventory	15,882
Indemnification assets	1,322
Property, plant and equipment	19,470
Right-of-use assets - finance lease	27,305
Right-of-use assets - operating lease	1,337
Intangible assets	56,000
Deposits	20
Total assets acquired	131,619
Liabilities Assumed:
Accounts payable and accrued liabilities	7,004
Finance lease obligations	27,052
Operating lease obligations	1,267
Deferred tax liabilities	21,462				2,908
Uncertain tax positions	1,322
Total liabilities assumed	58,107
Liabilities Assumed:
Net assets acquired	73,512
Goodwill	26,086				(7,092)
Total	99,598
Consideration paid in cash, net of working capital adjustments	40,360
Consideration paid in promissory notes (fair value)	15,345
Consideration paid in shares	35,670
Contingent liability	8,223
Fair value of consideration	99,598
Intangible assets, license					$ 10,000
Nature’s Remedy \| Tradenames
Assets Acquired:
Intangible assets	4,400
Liabilities Assumed:
Useful life					5 years
Nature’s Remedy \| Customer Relationships
Assets Acquired:
Intangible assets	$ 2,100
Liabilities Assumed:
Useful life					15 years
OSD
Assets Acquired:
Cash and cash equivalents			$ 259
Prepaids			53
Inventory			184
Indemnification assets			1,411
Right-of-use assets - operating lease			1,859
Intangible assets			2,160
Deposits			6
Total assets acquired			5,932
Liabilities Assumed:
Accounts payable and accrued liabilities			190
Operating lease obligations			1,859
Deferred tax liabilities			648
Uncertain tax positions			1,411
Total liabilities assumed			4,108
Liabilities Assumed:
Net assets acquired			1,824
Goodwill			2,432
Total			4,256
Consideration paid in cash, net of working capital adjustments			1,827
Consideration paid in promissory notes (fair value)			2,429
Fair value of consideration			$ 4,256
Nature's Remedy and Organic Solutions of the Dessert, LLC
Assets Acquired:
Indemnification assets					$ 2,733
PAMS
Assets Acquired:
Cash and cash equivalents						118
Prepaids						214
Accounts receivable, net						407
Inventory						4,251
Property, plant and equipment						579
Right-of-use assets - finance lease						15,017
Intangible assets						19,189
Intangible assets						425
Deposits						540
Total assets acquired						40,740
Liabilities Assumed:
Accounts payable and accrued liabilities						335
Finance lease obligations						17,013
Deferred tax liabilities						1,410
Total liabilities assumed						18,758
Liabilities Assumed:
Net assets acquired						21,982
Consideration paid in cash, net of working capital adjustments						15,054
Consideration paid in promissory notes (fair value)						2,658
Fair value of consideration						$ 17,712
PAMS \| Minimum \| Patents and Customer Relationships
Liabilities Assumed:
Useful life						3 months
PAMS \| Maximum \| Patents and Customer Relationships
Liabilities Assumed:
Useful life						5 years