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)
$ in Thousands
 1 Months Ended 2 Months Ended
Apr. 30, 2022
USD ($)
Mar. 31, 2022
USD ($)
Apr. 30, 2022
USD ($)
Jun. 30, 2022
USD ($)
Dec. 31, 2021
USD ($)
Liabilities Assumed:          
Goodwill       $ 88,654 $ 52,920
Consideration:          
Contingent consideration liabilities - current portion       8,560 $ 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 14,850        
Consideration payable in cash (customary hold back) 1,000        
Consideration paid in promissory notes (fair value) 12,860        
Consideration paid in shares 13,573        
Contingent consideration liabilities - current portion 8,057   8,057 $ 6,731  
Fair value of consideration $ 50,340        
NuLeaf | Long-Term Revenue Growth Rate | 2023          
Consideration:          
Business combination, measurement input 0.075        
NuLeaf | Long-Term Revenue Growth Rate | 2024          
Consideration:          
Business combination, measurement input 0.01        
NuLeaf | Long-Term Revenue Growth Rate | 2025          
Consideration:          
Business combination, measurement input 0.02        
NuLeaf | Long-Term Revenue Growth Rate | After 2025          
Consideration:          
Business combination, measurement input 0.03        
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)   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 | Long-Term Revenue Growth Rate | 2023          
Consideration:          
Business combination, measurement input   0.053      
Apothecarium | Long-Term Revenue Growth Rate | After 2023          
Consideration:          
Business combination, measurement input   0.03      
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     21,467    
Consideration payable in cash (customary hold back)     1,000    
Consideration paid in promissory notes (fair value)     19,782    
Consideration paid in shares     15,167    
Contingent consideration liabilities - current portion $ 8,057   8,057    
Fair value of consideration     $ 65,473