Acquisitions, Divestitures and Assets Held for Sale (Tables)

6 Months Ended

Jun. 30, 2020

Business Combinations, Discontinued Operations And Disposal Groups [Abstract]

Purchase Price Allocations

During the six months ended June 30, 2019, the Company completed the following business combinations, and has allocated each purchase price as follows:

Purchase Price Allocation	Thames Valley (1)			NCC (2)			Form Factory (3)			Total
Assets acquired:
Cash and cash equivalents	$	106		$	696		$	4,276		$	5,078
Inventory	39			170			520			729
Other current assets	1			36			1,136			1,173
Capital assets, net	—			539			3,988			4,527
Operating lease ROU assets	—			—			10,477			10,477
Goodwill	3,594			4,196			66,127			73,917
Intangible assets - cannabis licenses	14,850			2,500			39,469			56,819
Intangible assets - customer relationships	—			—			4,600			4,600
Intangible assets - developed technology	—			—			3,100			3,100
Other non-current assets	—			25			406			431
Liabilities assumed:
Accounts payable and accrued liabilities	(121		)	(24		)	(1,572		)	(1,717		)
Other current liabilities	—			(621		)	—			(621		)
Debt	—			—			(494		)	(494		)
Operating lease liability	—			—			(10,477		)	(10,477		)
Deferred tax liability	(3,397		)	(465		)	(14,517		)	(18,379		)
Other liabilities	—			(175		)	(23		)	(198		)
Fair value of net assets acquired	$	15,072		$	6,877		$	107,016		$	128,965
Consideration paid:
Cash	15,072			—			3,711			18,783
Deferred acquisition costs and deposits	—			100			—			100
Subordinate Voting Shares	—			3,948			95,266			99,214
Settlement of pre-existing relationship	—			830			8,039			8,869
Fair value of previously held interest	—			1,999			—			1,999
Total consideration	$	15,072		$	6,877		$	107,016		$	128,965
Subordinate Voting Shares issued	—			211			4,770			4,981

During the three and six months ended June 30, 2020, the Company completed the following business combination below. The preliminary purchase price allocation is as follows:

Purchase Price Allocation	CCF (1)
Assets acquired:
Cash and cash equivalents	17
Inventory	1,969
Other current assets	3,164
Capital assets, net	4,173
Operating lease ROU assets	4,455
Goodwill	—
Intangible assets - cannabis licenses	15,247
Other non-current assets	10
Liabilities assumed:
Accounts payable and accrued liabilities	(228	)
Taxes payable	(17	)
Other current liabilities	(4,248	)
Operating lease liability	(4,455	)
Fair value of net assets acquired	20,087
Consideration paid:
Cash	10,000
Settlement of pre-existing relationship	10,087
Total consideration	20,087

Disposal Groups, Including Discontinued Operations [Table Text Block]

The preliminary fair values of the major classes of assets and liabilities of the businesses and assets classified as held-for-sale on our Statements of Financial Position are presented below and are subject to change based on developments during the sales process.

	June 30, 2020
	Acreage Florida, Inc.			Kanna, Inc.			MMRC(1)			Michigan		Oregon			Total
Inventory	$	1,017		$	—		$	30		$	—	$	1,657		$	2,704
Notes receivable, current	—			—			—			—		64			64
Other current assets	90			—			46			—		1			137
Total current assets classified as held-for-sale	1,107			—			76			—		1,722			2,905
Capital assets, net	6,480			1,172			286			7,469		2,951			18,358
Operating lease right-of-use assets	11,725			2,209			362			—		2,328			16,624
Intangible assets, net	26,190			970			801			—		—			27,961
Goodwill	—			—			—			—		2,192			2,192
Total assets classified as held for sale	$	45,502		$	4,351		$	1,525		$	7,469	$	9,193		$	68,040
Accounts payable and accrued liabilities	$	(1,281	)	$	(361	)	$	(50	)	$	—	$	(308	)	$	(2,000	)
Taxes payable	(7		)	1			—			—		(469		)	(475		)
Operating lease liability, current	(501		)	(373		)	(29		)	—		(323		)	(1,226		)
Other current liabilities	(161		)	—			—			—		3			(158		)
Total current liabilities classified as held-for-sale	(1,950		)	(733		)	(79		)	—		(1,097		)	(3,859		)
Debt, non-current	(3,799		)	—			—			—		—			(3,799		)
Operating lease liability, non-current	(14,348		)	(1,879		)	(342		)	—		(2,130		)	(18,699		)
Deferred tax liabilities	—			—			—			—		5			5
Total liabilities classified as held-for-sale	$	(20,097	)	$	(2,612	)	$	(421	)	$	—	$	(3,222	)	$	(26,352	)

(1) On August 11, 2020, the Company entered into a transaction of sale for MMRC for $1,500. Refer to Note 17 for further information.