TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the purchase price allocation of the transactions:

	AME Parties Florida		AME Parties Arizona		Total
Cash	$	5,446	$	507	$	5,953
Accounts receivable, net	60		498		558
Inventory	83,205		5,827		89,032
Prepaids and other current assets	833		1,989		2,822
Property, plant and equipment, net	73,386		9,751		83,137
Right-of-use asset, net	9,651		—		9,651
Other assets	1,001		—		1,001
Accounts payable and accrued liabilities	(8,935)		(2,576)		(11,511)
Debt	(3,579)		(3,343)		(6,922)
Deferred taxes	(122,349)		(37,290)		(159,639)
Lease liabilities	(9,651)		—		(9,651)
Total identifiable net assets (liabilities)	29,068		(24,637)		4,431
Intangible assets	497,567		184,588		682,155
Net assets	$	526,635	$	159,951	$	686,586

The following table summarizes the provisional accounting estimates of the two acquisitions that occurred during the twelve months ended December 31, 2022:

	Greengate		Sierra Well
Cash and Cash Equivalents	$	1,839	$	130
Inventory	773		2,554
Prepaid & Other Current Assets	191		149
Deposits and Other Non-current Assets	45		5,776
Property, Plant and Equipment, net	1,673		4,477
Right of Use Assets, net	1,836		286
Accounts Payable and Accrued Liabilities	(1,569)		(1,917)
Deferred Taxes	—		(1,596)
Other Liabilities	(72)		(5,740)
Lease Liabilities	(1,836)		(286)
Total Identifiable Net Assets (Liabilities)	2,880		3,833
Total Intangible Assets	20,683		11,714
Net Assets	$	23,563	$	15,547

The following table summarizes the purchase price allocation of the acquisitions that occurred during the first quarter of the year ended December 31, 2021:

	Soothe		Emerald		THCC		Local Joint		Total
Cash and cash equivalents	$	178	$	478	$	2,168	$	540	$	3,364
Accounts receivable, net	—		—		2,000		—		2,000
Notes Receivable	—		—		—		398		398
Inventory	58		422		1,435		219		2,134
Prepaid & other current assets	50		43		109		—		202
Property, plant and equipment, net	502		135		1,642		451		2,730
Right-of-use asset, net	63		215		936		2,480		3,694
Accounts payable and accrued liabilities	(17)		(200)		(3,307)		(216)		(3,740)
Deferred income tax	—		(6,548)		(11,914)		—		(18,462)
Lease liabilities	(63)		(215)		(936)		(2,480)		(3,694)
Total identifiable net assets (liabilities)	771		(5,670)		(7,867)		1,392		(11,374)
Total Intangible assets	2,721		33,387		51,304		16,095		103,507
Net Assets	$	3,492	$	27,717	$	43,437	$	17,487	$	92,133

The following table summarizes the purchase price allocation of the acquisitions that occurred during the second quarter of the year ended December 31, 2021:

	Territory		TerraVida Holistic Centers		The Healing Center		Total
Cash and cash equivalents	$	1,809	$	3,222	$	3,516	$	8,547
Accounts receivable, net	231		—		—		231
Inventory	7,162		4,091		3,088		14,341
Prepaid & other current assets	1,127		692		810		2,629
Deposits & other non-current assets	8		75		—		83
Property, plant and equipment, net	7,872		2,612		11,412		21,896
Right-of-use asset, net	129		2,122		—		2,251
Accounts payable and accrued liabilities	(2,770)		(1,635)		(2,569)		(6,974)
Other liabilities	(1,188)		—		(12,245)		(13,433)
Deferred income tax	(23,598)		—		—		(23,598)
Lease liabilities	(129)		(2,122)		—		(2,251)
Total identifiable net assets (liabilities)	(9,347)		9,057		4,012		3,722
Total Intangible assets	126,120		116,053		133,804		375,977
Net Assets	$	116,773	$	125,110	$	137,816	$	379,699

9. TRANSACTIONS (Continued)

The following table summarizes the purchase price allocation of the acquisitions that occurred during the third quarter of the year ended December 31, 2021:

	Mad River Remedies, LLC		Agronomed		Agri Kind & Agronomed Holdings Inc.		Total
Cash and cash equivalents	$	755	$	2,300	$	2,024	$	5,079
Accounts receivable, net	262		—		560		822
Inventory	396		623		4,188		5,207
Prepaid & other current assets	85		273		653		1,011
Deposits & other non-current assets	—		40		—		40
Property, plant and equipment, net	589		5,844		35,965		42,398
Right-of-use asset, net	125		2,715		—		2,840
Accounts payable and accrued liabilities	(478)		(1,126)		(1,852)		(3,456)
Other liabilities	—		(2,788)		(14,730)		(17,518)
Deferred income tax	—		(29,913)		—		(29,913)
Lease liabilities	(125)		(2,715)		—		(2,840)
Total identifiable net assets (liabilities)	1,609		(24,747)		26,808		3,670
Total Intangible assets	19,218		129,222		137,678		286,118
Net Assets	$	20,827	$	104,475	$	164,486	$	289,788

The following table summarizes the purchase price allocation of the acquisitions that occurred during the fourth quarter of the year ended December 31, 2021:

	Willow Brook		Caring Nature		CT Pharma		Total
Cash and cash equivalents	$	443	$	251	$	2,793	$	3,487
Accounts receivable, net	—		—		1,314		1,314
Inventory	243		155		10,294		10,692
Prepaid & other current assets	92		41		1,036		1,169
Deposits & other non-current assets	3		—		—		3
Property, plant and equipment, net	282		91		24,380		24,753
Right-of-use asset, net	54		133		—		187
Accounts payable and accrued liabilities	(99)		(11)		(2,395)		(2,505)
Other liabilities	—		—		(3,122)		(3,122)
Deferred income tax	—		(7,123)		(36,267)		(43,390)
Lease liabilities	(54)		(133)		—		(187)
Total identifiable net assets (liabilities)	964		(6,596)		(1,967)		(7,599)
Total Intangible assets	21,705		32,878		165,719		220,302
Net Assets	$	22,669	$	26,282	$	163,752	$	212,703

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The Company determined the fair value of intangible assets as outlined below:

	AME Parties Florida		AME Parties Arizona		Total
License	$	319,928	$	130,670	$	450,598
Tradename	36,278		8,980		45,258
Intellectual Property and Technology	5,431		885		6,316
Total intangible assets	361,637		140,535		502,172
Goodwill (residual purchase price)	13,581		6,763		20,344
Goodwill (deferred taxes) (a)	122,349		37,290		159,639
Total goodwill	$	135,930	$	44,053	$	179,983

(a) Goodwill recognized related to deferred taxes associated with assets acquired that have no tax basis.

Business Acquisition, Pro Forma Information

The following table summarizes the net revenue and net loss since the acquisition date included in the Consolidated Statement of Operations for the AME Merger and the other acquisitions that closed during 2021 and 2022 for the year ended December 31, 2022:

	Year Ended December 31, 2022
	Verano Holdings		AME Merger		Other Acquisitions		Total
Revenues, net	$	409,708	$	237,613	$	232,091	$	879,412
Net Loss	(86,250)		(46,454)		(136,460)		(269,164)