TILT Holdings Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of assets acquired and liabilities assumed

The following table summarizes the allocation of consideration exchanged for the estimated fair value of tangible and identifiable intangible assets acquired and liabilities assumed:


Consideration
Settlement of pre-existing advance for acquisition target	$	7,550
Fair value of consideration exchanged	$	7,550

Recognized amounts of identifiable assets acquired and liabilities assumed
Cash and cash equivalents	$	21
Trade receivables		10
Inventory		502
Prepaid expenses and other current assets		29
Property, plant and equipment		1,935
Intangible asset - license⁽¹⁾		3,890
Right-of-use assets		120
Goodwill		1,380
Accounts payable and accrued liabilities		(204)
Lease liabilities		(133)
Total net assets acquired	$	7,550

_____________

(1)License acquired is a manufacturing production license with an indefinite life that is not subject to amortization and is tested annually for impairment.

Standard Farms New York, LLC

Business Acquisition [Line Items]

Schedule of assets acquired and liabilities assumed

The following table summarizes the allocation of consideration exchanged for the estimated fair value of tangible and identifiable intangible assets acquired, liabilities assumed and non-controlling interest:


Consideration
Cash and cash equivalents	$	400
Shares issued upon issuance		351
Fair value of consideration exchanged	$	751

Recognized amounts of identifiable assets acquired, liabilities assumed, and non-controlling interest
Intangible asset - Management agreement	$	926
Non-controlling interest		(175)
Total	$	751