XML 49 R34.htm IDEA: XBRL DOCUMENT v3.23.2
Acquisitions (Tables)
6 Months Ended
Jun. 30, 2023
Business Acquisition [Line Items]  
Schedule of Balances of Contingent Consideration

The balance of contingent consideration is as follows:

 

 

 

State Flower

 

 

Apothecarium

 

 

Pinnacle

 

 

Total

 

Carrying amount, December 31, 2022

 

$

1,406

 

 

$

3,028

 

 

$

750

 

 

$

5,184

 

Payments of contingent consideration

 

 

 

 

 

 

 

 

(750

)

 

 

(750

)

Carrying amount, June 30, 2023

 

$

1,406

 

 

$

3,028

 

 

 

 

 

$

4,434

 

Less: current portion

 

 

(1,406

)

 

 

(3,028

)

 

 

 

 

 

(4,434

)

Non-current contingent consideration

 

 

 

 

 

 

 

 

 

 

 

 

AMMD  
Business Acquisition [Line Items]  
Fair Value of Assets Acquired and Liabilities Assumed

The following table presents the fair value of assets acquired and liabilities assumed as of the January 27, 2023 acquisition date and allocation of the consideration to net assets acquired:

Cash and cash equivalents

 

$

20

 

Inventory

 

 

303

 

Prepaid expense

 

 

4

 

Operating right of use asset

 

 

781

 

Fixed assets

 

 

416

 

Intangible asset

 

 

5,330

 

Goodwill

 

 

6,005

 

Accounts payable and accrued liabilities

 

 

(135

)

Deferred tax liability

 

 

(2,021

)

Corporate income taxes payable

 

 

(291

)

Operating lease liability

 

 

(781

)

Net assets acquired

 

$

9,631

 

 

 

 

 

Cash

 

 

10,000

 

Working capital adjustment

 

 

(369

)

Total consideration

 

$

9,631

 

Peninsula  
Business Acquisition [Line Items]  
Fair Value of Assets Acquired and Liabilities Assumed

The following table presents the fair value of assets acquired and liabilities assumed as of the June 28, 2023 acquisition date and allocation of the consideration to net assets acquired:

 

Inventory

 

$

370

 

Prepaid expense

 

 

371

 

Operating right of use asset

 

 

1,168

 

Fixed assets

 

 

68

 

Intangible asset

 

 

21,800

 

Goodwill

 

 

683

 

Accounts payable and accrued liabilities

 

 

(1,123

)

Loans payable

 

 

(7,807

)

Operating lease liability

 

 

(1,168

)

Net assets acquired

 

$

14,362

 

 

 

 

 

Cash

 

 

1,500

 

Common shares of TerrAscend

 

 

9,524

 

Loans payable

 

 

3,927

 

Working capital adjustment

 

 

(589

)

Total consideration

 

$

14,362

 

Blue Ridge  
Business Acquisition [Line Items]  
Fair Value of Assets Acquired and Liabilities Assumed

The following table presents the fair value of assets acquired and liabilities assumed as of the June 30, 2023 acquisition date and allocation of the consideration to net assets acquired:

 

Inventory

 

$

234

 

Prepaid expense

 

 

192

 

Operating right of use asset

 

 

2,325

 

Intangible asset

 

 

6,410

 

Goodwill

 

 

2,936

 

Deferred tax liability

 

 

(2,653

)

Accounts payable and accrued liabilities

 

 

(931

)

Operating lease liability

 

 

(2,325

)

Net assets acquired

 

$

6,188

 

 

 

 

 

Cash

 

 

3,000

 

Loans payable

 

 

3,750

 

Working capital adjustment

 

 

(562

)

Total consideration

 

$

6,188