BHB Acquisition (Tables) - Balanced Health Botanicals

12 Months Ended

Dec. 31, 2021

Business Acquisitions Purchase Price Allocation To Assets Acquired And Liabilities Assumed

The following table shows the 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					$	(2	)
Total fair value of consideration					$	71,750

	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		60,008
Intangibles		9,394
Other assets		362
Total assets		84,312
LIABILITIES
Trade payables		688
Accrued liabilities		6,659
Other current liabilities		192
Lease liability		5,023
Total liabilities		12,562
Net assets acquired		71,750

Business Acquisition, Pro Forma Information

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

	Year ended December 31,
	2021			2020
Sales	$	287,378		$	206,901
Net income	$	(7,564	)	$	3,263