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Shareholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2022
Class Of Stock [Line Items]  
Summary of Assumptions used to Estimate Fair Value of Modified Canopy Warrants The fair value of the replacement options are estimated using the Black-Scholes Option Pricing Model with the following assumptions:

 

 

March 10, 2022

 

Volatility

 

55.0%-80.0%

 

Risk-free interest rate

 

1.22%-1.94%

 

Expected life (years)

 

1.00-5.00

 

Dividend yield

 

 

0

%

 

The fair value of the various stock options granted were estimated using the Black-Scholes option pricing model with the following weighted average assumptions:

 

 

December 31, 2022

 

 

December 31, 2021

 

 

December 31, 2020

 

Volatility

 

77.55% - 77.89%

 

 

79.05% - 81.51%

 

 

82.29% - 87.09%

 

Risk-free interest rate

 

1.63% - 3.51%

 

 

0.90% - 1.72%

 

 

0.35% - 1.60%

 

Expected life (years)

 

9.62 - 10.01

 

 

4.57 - 10.05

 

 

4.76 - 4.95

 

Dividend yield

 

 

0.00

%

 

 

0.00

%

 

 

0.00

%

Forfeiture rate

 

 

26.11

%

 

23.21%-27.73%

 

 

 

23.21

%
Proportionate Voting Shares  
Class Of Stock [Line Items]  
Summary of Outstanding Warrants

The following is a summary of the outstanding warrants for Proportionate Voting Shares. These warrants are exercisable for 0.001 of a Proportionate Voting Share. The Proportionate Voting Shares are exchangeable into Common Shares on a basis of 1,000 Common Shares per Proportionate Voting Share.

 

 

 

Number of Proportionate Share Warrants Outstanding

 

 

Number of Proportionate Share Warrants Exercisable

 

 

Weighted Average Exercise Price $

 

 

Weighted Average Remaining Life (years)

 

Outstanding, December 31, 2019

 

 

8,590,908

 

 

 

8,590,908

 

 

$

5.55

 

 

 

2.65

 

Granted

 

 

—

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

—

 

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2020

 

 

8,590,908

 

 

 

8,590,908

 

 

$

5.66

 

 

 

1.64

 

Granted

 

 

—

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

—

 

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2021

 

 

8,590,908

 

 

 

8,590,908

 

 

$

5.69

 

 

 

0.64

 

Expired

 

 

(8,590,908

)

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2022

 

 

—

 

 

 

—

 

 

N/A

 

 

N/A

 
Common Stock  
Class Of Stock [Line Items]  
Summary of Outstanding Warrants

The following is a summary of the outstanding warrants for Common Shares:

 

 

Number of Common Share Warrants Outstanding

 

 

Number of Common Share Warrants Exercisable

 

 

Weighted Average Exercise Price $

 

 

Weighted Average Remaining Life (years)

 

Outstanding, December 31, 2019

 

 

13,878,955

 

 

 

13,718,955

 

 

$

2.62

 

 

 

2.18

 

Granted

 

 

27,454,193

 

 

 

 

 

 

4.11

 

 

 

 

Exercised

 

 

(829,050

)

 

 

 

 

 

2.42

 

 

 

 

Outstanding, December 31, 2020

 

 

40,504,098

 

 

 

18,363,691

 

 

$

3.80

 

 

 

5.34

 

Exercised

 

 

(9,508,625

)

 

 

 

 

 

2.60

 

 

 

 

Outstanding, December 31, 2021

 

 

30,995,473

 

 

 

8,855,066

 

 

$

4.20

 

 

 

5.66

 

Replacement warrants granted on acquisition of Gage

 

 

282,023

 

 

 

 

 

 

6.47

 

 

 

 

Exercised

 

 

(7,989,436

)

 

 

 

 

 

2.50

 

 

 

 

Expired

 

 

(47,730

)

 

 

 

 

 

3.61

 

 

 

 

Outstanding, December 31, 2022

 

 

23,240,330

 

 

 

728,715

 

 

$

4.49

 

 

 

9.72

 
Common Stock | Gage Growth Corp  
Class Of Stock [Line Items]  
Summary of Outstanding Warrants

The Gage Acquisition also included warrant liabilities that are exchangeable into Common Shares. Refer to Note 4 for the determination of the fair value of the warrant liability.

 

 

 

Number of Common Share Warrants Outstanding

 

 

Number of Common Share Warrants Exercisable

 

 

Weighted Average Exercise Price $

 

 

Weighted Average Remaining Life (years)

 

Outstanding, December 31, 2021

 

 

—

 

 

 

—

 

 

$

-

 

 

 

-

 

Granted on acquisition of Gage

 

 

7,129,517

 

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2022

 

 

7,129,517

 

 

 

7,129,517

 

 

$

8.66

 

 

 

0.99

 
Preferred Stock  
Class Of Stock [Line Items]  
Summary of Outstanding Warrants

The following is a summary of the outstanding warrants for Preferred Shares. Each warrant is exercisable into one preferred share:

 

 

Number of Preferred Share Warrants Outstanding

 

 

Number of Preferred Share Warrants Exercisable

 

 

Weighted Average Exercise Price $

 

 

Weighted Average Remaining Life (years)

 

Outstanding, December 31, 2019

 

 

—

 

 

 

—

 

 

$

-

 

 

 

—

 

Granted

 

 

18,679

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(655

)

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2020

 

 

18,024

 

 

 

18,024

 

 

$

3,000

 

 

 

2.39

 

Granted

 

 

—

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(1,968

)

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2021

 

 

16,056

 

 

 

16,056

 

 

$

3,000

 

 

 

1.39

 

Exercised

 

 

(950

)

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2022

 

 

15,106

 

 

 

15,106

 

 

$

3,000

 

 

 

0.39

 
Warrants  
Class Of Stock [Line Items]  
Summary of Assumptions used to Estimate Fair Value of Modified Canopy Warrants

The fair value of the Modified Canopy Warrants was determined using the Black Scholes model using the following inputs and assumptions:

 

 

December 9, 2022

 

Volatility

 

 

78.98

%

Risk-free interest rate

 

 

2.87

%

Expected life (years)

 

10.06

 

Dividend yield

 

 

0

%