| Schedule of Fair Value of the Total Consideration |
The fair value of the total consideration
has been allocated as below:
| Class A Special Shares (6,441 special shares*) | |
$ | 597,836 | |
| Class B Special Shares (212,265 special shares*) | |
| 19,700,885 | |
| Cash (via Promissory Note) | |
| 14,133,966 | |
| Total Consideration Paid | |
$ | 34,432,687 | |
| | |
| | |
| Cash | |
$ | 281,996 | |
| Trade and other receivables (note 7) | |
| 1,163,221 | |
| Prepayments | |
| 7,420 | |
| Property, plant and equipment, net (note 10) | |
| 4,123,220 | |
| Right-of-use assets (note 11) | |
| 181,206 | |
| Goodwill (note 12) | |
| 39,572,129 | |
| Accounts payable and accrued liabilities | |
| (1,402,638 | ) |
| Due to related parties | |
| (225,900 | ) |
| Lease liabilities (note 14) | |
| (189,096 | ) |
| Loans and borrowings (note 15) | |
| (171,247 | ) |
| Due to/from Akanda | |
| (8,907,624 | ) |
| Net Assets Acquired | |
$ | 34,432,687 | |
| * | The fair value of 218,706 special shares issued was determined to be $92.81 per special share using the market price at acquisition date. |
|