Balanced Health Botanical Acquisition (Tables) - Balanced Health Botanicals

9 Months Ended

Sep. 30, 2021

Business Acquisitions Purchase Price Allocation To Assets Acquired And Liabilities Assumed

The following table shows the preliminary allocation of the purchase price to assets acquired and liabilities assumed, based on estimates of fair value, including a summary of the identifiable classes of consideration transferred, and amounts by category of assets acquired and liabilities assumed at the acquisition date:

Consideration paid	Shares		Share Price		Amount
Cash					$	30,000
Village Farms common shares issued		4,707,113	$	8.87		41,752
Working capital adjustment					$	192
Total fair value of consideration					$	71,944

	August 16, 2021
ASSETS
Cash and cash equivalents	$	4,056
Trade and other receivables, net		1,030
Inventories		1,796
Prepaid expenses and deposits		667
Property, plant and equipment		1,900
Right-of-use asset		5,099
Goodwill		69,269
Intangibles		144
Other assets		362
Total assets		84,323
LIABILITIES
Trade payables		672
Accrued liabilities		5,974
Deferred revenue		192
Lease liability		5,541
Total liabilities		12,379
Net assets acquired		71,944

Business Acquisition, Pro Forma Information

The following unaudited pro forma financial information presents the Company’s consolidated results assuming the Balanced Health Acquisition occurred on January 1, 2020.

	Three months ended September 30,				Nine months ended September 30,
	2021		2020		2021		2020
Sales	$	75,872	$	51,518	$	214,060	$	150,283
Net income	$	2,376	$	(134)	$	(6,816)	$	250