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Warrants (Tables)
3 Months Ended
Mar. 31, 2021
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 March 31, 2021 and December 31, 2020:
 
   Number of Shares  Weighted
Average
Exercise
Price (C$)
   Weighted
Average
Remaining
Contractual
Life
   Number
of
Shares
   Weighted
Average
Exercise
Price
(USD)
   Weighted
Average
Contractual
Life
 
   
Liability Classified
   
Equity Classified
 
Balance as at December 31, 2020
   2,485,794  C$18.45    3.40    35,000   $9.10    4.43 
Warrants Exercised
   (226,271  18.01    3.26    —      —      —   
   
 
 
  
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Balance as at March 31, 2021
  
 
2,259,523
 
 
C$
18.18
 
  
 
3.14
 
  
 
35,000
 
  
$
9.10
 
  
 
4.18
 
   
 
 
  
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Liability 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 liability classified warrants at March 31, 2021 and December 31, 2020:
 
       
March 31, 2021
   
December 31, 2020
 
Warrant Liability
  
Strike
Price
   
Warrants
Outstanding
   
Fair Value
   
Warrants
Outstanding
   
Fair Value
 
Bridge Financing Warrants
  C$22.90    218,964   $3,385,500   218,964  
$
2,544,500 
Private Placement Financing Warrants
  C$19.39    1,641,301    32,858,000   1,822,771    28,756,500 
Modification Warrants
Additional Modification Warrants
  C$
C$
12.04
14.03
 
 
   
323,910
75,348
 
 
   
7,389,782
1,671,389
 
 
  360,256
83,803
 
 
   
6,630,000
1,523,000
 
 
        
 
 
   
 
 
   
 
   
 
 
 
Totals
       
 
2,259,523
 
  
$
45,304,671
 
  
2,485,794
 
  
$
39,454,000
 
        
 
 
   
 
 
   
 
 
   
 
 
 
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 (see Note 13 - Fair Value Measurements for additional details):
 
Significant Assumptions
  
March 31,

2021
   
December 31,

2020
 
Volatility
   
73.80% - 79.62%
    
72.19% - 79.1%
 
Remaining Term
   1.53 - 4.14 years    
1.78 - 4.39 years
 
Risk Free Rate
   0.22% - 0.78%    0.20% - 0.28% 
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 March 31, 2021 and December 31, 2020:
 
   
 
   
March 31, 2021
   
December 31, 2020
 
Warrants Included in Contributed Surplus (Deficit)
  
Strike
Price
   
Warrants
Outstanding
   
Balance
   
Warrants
Outstanding
   
Balance
 
Dispensary Mortgage Warrants
  $9.10    35,000   $181,272   35,000   
$
 
181,272