Annual reports filed by certain Canadian issuers pursuant to Section 15(d) and Rule 15d-4

BUSINESS COMBINATIONS AND ASSET ACQUISITIONS - Liberty, Oasis, Parma and Ohio Medical Acquisitions (Details)

v3.22.1
BUSINESS COMBINATIONS AND ASSET ACQUISITIONS - Liberty, Oasis, Parma and Ohio Medical Acquisitions (Details)
12 Months Ended
Mar. 23, 2021
USD ($)
ft²
shares
Feb. 26, 2021
USD ($)
Dec. 31, 2021
USD ($)
shares
Dec. 31, 2020
USD ($)
Mar. 31, 2021
USD ($)
ft²
Mar. 30, 2021
USD ($)
ft²
Feb. 26, 2021
Feb. 26, 2021
ft²
Feb. 26, 2021
a
Feb. 26, 2021
shares
Acquisition-date fair value of total consideration transferred [abstract]                    
Exchangeable Stock Exchange Ratio     1              
Purchase consideration payable     $ 811,586 $ 9,053,057            
Replacement options issued | shares     248,412              
Replacement options issued - business combinations     $ 4,452,917 $ 4,452,917            
Promissory notes payable DocHouse Agreement                    
Acquisition-date fair value of total consideration transferred [abstract]                    
Promissory note $ 22,500,000                  
Parma                    
Acquisition-date fair value of total consideration transferred [abstract]                    
Area of cultivation and production facilities | ft²           58,000        
ASSETS ACQUIRED                    
Intangible assets - right-to-use licenses           $ 13,255,000        
Property, plant and equipment           3,910,000        
Total assets acquired at fair value           17,165,000        
LIABILITIES ASSUMED                    
Consideration transferred           $ 17,165,000        
Q1 2021                    
ASSETS ACQUIRED                    
Cash         $ 14,887,377          
Accounts receivable         32,487          
Inventory, net         57,443,892          
Prepaid expenses and other assets         1,378,623          
Intangible assets - licenses/permits         490,011,739          
Intangible assets - right-to-use licenses         13,255,000          
Right-of-use assets - operating         31,063,227          
Right-of-use assets - finance, net         392,087          
Property, plant and equipment         72,047,652          
Deposits and other assets         1,037,577          
Total assets acquired at fair value         681,549,661          
LIABILITIES ASSUMED                    
Trade payables         6,175,582          
Accrued liabilities         8,118,456          
Deferred tax liabilities         71,962,667          
Lease liabilities - operating         31,014,716          
Lease liabilities - finance         392,087          
Income tax payable         1,818,520          
Accrued interest         153,057          
Debts payable         7,479,389          
Total liabilities assumed at fair value         127,114,474          
Goodwill         145,263,696          
Consideration transferred         $ 699,698,883          
Liberty Health Sciences                    
Acquisition-date fair value of total consideration transferred [abstract]                    
Shares Issued   $ 399,499,188                
Shares Issued, shares   12,670,958                
Total Consideration   $ 406,344,000                
Area of cultivation and production facilities               300,000 387  
Share Exchange Ratio             0.03683      
Gain Loss On Change In Fair Value Of Purchase Consideration   102,351                
Total Consideration, Acquisition Date, Number Of Shares | shares                   12,995,234
Purchase consideration payable   2,391,895                
Purchase Consideration Payable, Shares | shares                   75,864
Replacement options issued | shares                   248,412
Replacement options issued - business combinations   4,452,917                
ASSETS ACQUIRED                    
Cash   6,650,137                
Inventory, net   46,842,186                
Prepaid expenses and other assets   817,824                
Intangible assets - licenses/permits   270,000,000                
Right-of-use assets - operating   11,750,150                
Right-of-use assets - finance, net   378,992                
Property, plant and equipment   56,745,883                
Deposits and other assets   619,377                
Total assets acquired at fair value   393,804,549                
LIABILITIES ASSUMED                    
Trade payables   3,274,256                
Accrued liabilities   5,383,075                
Deferred tax liabilities   71,962,667                
Lease liabilities - operating   11,693,248                
Lease liabilities - finance   378,992                
Income tax payable   1,818,520                
Accrued interest   153,057                
Debts payable   7,479,389                
Total liabilities assumed at fair value   102,143,204                
Goodwill   114,682,655                
Consideration transferred   406,344,000                
Liberty Health Sciences | Subordinate Voting Shares                    
Acquisition-date fair value of total consideration transferred [abstract]                    
Shares Issued   $ 2,400,000                
Shares Issued, shares   75,864                
Liberty Health Sciences | Exchangeable Shares                    
Acquisition-date fair value of total consideration transferred [abstract]                    
Shares Issued   $ 4,500,000                
Shares Issued, shares   248,412                
Oasis                    
Acquisition-date fair value of total consideration transferred [abstract]                    
Cash 9,732,751                  
Debt Payable 22,504,885                  
Shares Issued $ 125,187,247                  
Shares Issued, shares 4,570,434                  
Contingent Consideration $ 117,615,000   $ 117,615,000              
Total Consideration $ 275,039,883                  
Area of cultivation and production facilities | ft² 10,000                  
Area of cultivation and production facilities under construction | ft² 80,000                  
ASSETS ACQUIRED                    
Cash $ 8,237,240                  
Accounts receivable 26,125                  
Inventory, net 10,288,630                  
Prepaid expenses and other assets 463,825                  
Intangible assets - licenses/permits 220,000,000                  
Right-of-use assets - operating 15,824,407                  
Right-of-use assets - finance, net 13,095                  
Property, plant and equipment 10,898,530                  
Deposits and other assets 166,200                  
Total assets acquired at fair value 265,918,052                  
LIABILITIES ASSUMED                    
Trade payables 2,901,326                  
Accrued liabilities 2,720,381                  
Lease liabilities - operating 15,824,408                  
Lease liabilities - finance 13,095                  
Total liabilities assumed at fair value 21,459,210                  
Goodwill 30,581,041                  
Consideration transferred $ 275,039,883                  
Oasis | Exchangeable Shares                    
Acquisition-date fair value of total consideration transferred [abstract]                    
Shares Issued, shares 4,570,434                  
Shares held in escrow | shares 2,000,000                  
Exchangeable Stock Exchange Ratio 1                  
Percentage of Discount Rate Attributed to the Contractual Restrictions 15.00%                  
Oasis | Exchangeable Shares | Bottom of range                    
Acquisition-date fair value of total consideration transferred [abstract]                    
Lock-up provision 6 months                  
Oasis | Exchangeable Shares | Top of range                    
Acquisition-date fair value of total consideration transferred [abstract]                    
Lock-up provision 18 months                  
Ohio                    
Acquisition-date fair value of total consideration transferred [abstract]                    
Area of cultivation and production facilities | ft²         9,000          
ASSETS ACQUIRED                    
Accounts receivable         $ 6,362          
Inventory, net         313,076          
Prepaid expenses and other assets         96,974          
Intangible assets - licenses/permits         11,739          
Right-of-use assets - operating         3,488,670          
Property, plant and equipment         493,239          
Deposits and other assets         252,000          
Total assets acquired at fair value         4,662,060          
LIABILITIES ASSUMED                    
Accrued liabilities         15,000          
Lease liabilities - operating         3,497,060          
Total liabilities assumed at fair value         3,512,060          
Consideration transferred         $ 1,150,000