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Warrants (Tables)
12 Months Ended
Dec. 31, 2020
Class of Warrant or Right [Line Items]  
Schedule of Stockholders' Equity Note, Warrants or Rights
The following table summarizes the number warrants outstanding as of December 31, 2020:
 
  Number
of Shares
  Weighted
Average
Exercise Price
(C$)
  Weighted
Average
Contractual
Life
  Number
of Shares
  Weighted
Average
Exercise Price
(USD)
  Weighted
Average
Contractual
Life
 
  
Liability Classified
  
Equity Classified
 
Balance as at January 1, 2020
  2,406,811  C$18.59   4.86   —    $—     —   
Additional Modification Warrants
  84,924   14.03   5.00   —     —     —   
Dispensary Mortgage Warrants
  —     —     —     35,000   9.10   5.00 
Warrants Exercised
  (5,941  12.42   5.00   —     —     —   
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
Balance as at December 31, 2020
  2,485,794  C$18.45   4.87   35,000  $9.10   5.00 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
The following table summarizes the number of warrants outstanding as of December 31, 2019:
 
  Number
of Shares
  Weighted
Average
Exercise Price
(C$)
  Weighted
Average
Contractual
Life
  Number
of Shares
  Weighted
Average
Exercise Price
(USD)
  Weighted
Average
Contractual
Life
 
  
Liability Classified
  
Equity Classified
 
Balance as at January 1, 2019
  —    C$—     —     —    $—     —   
Bridge Financing Warrants
  218,964   22.90   0.32   —     —     —   
Private Placement Financing Warrants
  1,822,771   19.39   3.79   —     —     —   
Modification Warrants
  365,076   12.04   0.75   —     —     —   
Warrants Exercised
  —     —     —     —     —     —   
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
Balance as at December 31, 2019
  2,406,811  C$18.59   4.86   —    $—     —   
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
Liability Classified Warrant [member]  
Class of Warrant or Right [Line Items]  
Schedule of Stockholders' Equity Note, Warrants or Rights
The following table summarizes the fair value of the liability classified warrants at December 31, 2020 and 2019:
 
Warrant Liability
  
Strike
Price
   
Warrants
Outstanding
   
December 31,

2020
   
December 31,
2019
 
Bridge Financing Warrants
  C$22.90    218,964   $2,544,500   $1,385,400 
Private Placement Financing Warrants
  C$19.39    1,822,771    28,756,500    12,189,169 
Modification Warrants
  C$12.04    360,256    6,630,000    2,305,274 
Additional Modification Warrants
  C$14.03    83,803    1,523,000    —   
   
 
 
   
 
 
   
 
 
   
 
 
 
Totals
       
 
2,485,794
 
  
$
39,454,000
 
  
$
15,879,843
 
        
 
 
   
 
 
   
 
 
 
Schedule Of Fair Value Measurement Inputs and Valuation Techniques Used In Determining Warrant Liability
The following table summarizes the significant assumptions used in determining the fair value of the warrant liability as of each reporting date:
 
Significant Assumptions
  
December 31,

2020
   
December 31,

2019
 
Volatility
   72.19% – 79.10%    117.43% – 123.64% 
Remaining Term
   1.78 – 4.39 years    2.78 – 4.86 years 
Risk Free Rate
   0.20% – 0.28%    1.68% – 1.69% 
Equity Classified Warrant [member]  
Class of Warrant or Right [Line Items]  
Schedule Of Fair Value Of Warrant Liability
The following table summarizes the fair value of the equity classified warrants at December 31, 2020 and 2019:
 
Warrants Included in Contributed Surplus
  
Strike
Price
   
Warrants
Outstanding
   
December 31,

2020
   
December 31,
2019
 
Dispensary Mortgage Warrants
  $9.10    35,000   $181,272   $—   
Schedule Of Fair Value Measurement Inputs and Valuation Techniques Used In Determining Warrant Liability
The following table summarizes the significant assumptions used in determining the fair value of the equity classified warrants as of each reporting date:
 
Significant Assumptions
  
December 31,

2020
  
December 31,

2019
 
Volatility
   80  —   
Remaining Term
   5 years   —   
Risk Free Rate
   0.37  —