| 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 6) | | | 1,163,221 | | | Prepayments | | | 7,420 | | | Property, plant and equipment, net (note 8) | | | 4,123,220 | | | Right-of-use assets (note 9) | | | 181,206 | | | Goodwill (note 10) | | | 39,572,129 | | | Accounts payable and accrued liabilities | | | (1,402,638 | ) | | Due to related parties | | | (225,900 | ) | | Lease liabilities (note 12) | | | (189,096 | ) | | Loans and borrowings (note 13) | | | (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. |
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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. |
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