NOTE 7 ACQUISITION OF LAWRENCE PARK ATKINSON (Tables)

12 Months Ended

Dec. 31, 2020

NOTE 5 ACQUISITION OF SUN VALLEY

Fair value of stock options assumptions

	Milestone 1			Milestone 2			Milestone 3
Milestone date	June 30, 2022			December 31, 2023			June 30, 2025
Years to maturity		4.00			4.75			5.50
Risk-free rate		0.190	%		0.250	%		0.480	%
Exercise price	C$0.2850			C$0.2850			C$0.2850
Share price	C$0.2850			C$0.2850			C$0.2850
Volatility		108.1	%		108.1	%		108.1	%
Fair value per option	C$0.2056			C$0.2173			C$0.2273
Probability		90	%		50	%		25	%
Fair value per option tranche (1)	$	181,634(C$231,256)		$	106,679(C$135,824)		$	55,797(C$71,041)

Final purchase price allocation

Assets Acquired	$
Cash and cash equivalents		38,521
Deposit		4,103
Intangible assets		58,907
Right-of-use assets		39,271
		140,802
Liabilities Assumed
Accounts payable and accrued liabilities		54,396
Lease liability		45,595
Loans payable		45,287
Net assets at fair value, as at December 31, 2020		(4,476	)
Consideration
Cash consideration		215,991
Cash consideration - withheld		58,907
Stock options		344,110
Share consideration		1,147,925
Total Consideration		1,766,933
Goodwill		1,771,409