Acquisitions (Tables)

3 Months Ended

Mar. 31, 2022

Asset Acquisition [Abstract]

Fair Value of Assets Acquired and Liabilities Assumed

The following table presents the fair value of assets acquired and liabilities assumed as of March 10, 2022 acquisition date and allocation of the consideration to net assets acquired:

	$
Cash and cash equivalents		24,716
Accounts receivable		6,620
Inventory		26,475
Prepaid expenses and other current assets		1,855
Property and equipment		69,465
Operating right of use asset		1,709
Deposits		1,147
Intangible assets		187,953
Goodwill		145,355
Investments		4,121
Accounts payable and accrued liabilities		(28,619	)
Corporate income taxes payable		(5,000	)
Lease liability		(1,960	)
Deferred revenue		(562	)
Loans payable		(60,105	)
Deferred tax liability		(59,612	)
Financing obligations		(12,184	)
Other liabilities		(6,574	)
Net assets acquired		294,800
Common shares of TerrAscend		274,462
Fair value of other equity instruments		13,582
Fair value of warrants classified as liabilities		6,756
Total consideration		294,800

Schedule of Balances of Contingent Consideration

The balance of contingent consideration is as follows:

	State Flower			Apothecarium			KCR		Total
Carrying amount, December 31, 2021	$	8,360		$	3,028		$	1,147	$	12,535
Payments of contingent consideration		(6,954	)		—			—		(6,954	)
Revaluation of contingent consideration		86			—			33		119
Carrying amount, March 31, 2022	$	1,492		$	3,028		$	1,180	$	5,700
Less: current portion		(86	)		(3,028	)				(3,114	)
Non-current contingent consideration	$	1,406		$	-		$	1,180	$	2,586