Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

5. REVERSE TAKEOVER: Schedule of Excess Consideration (Details)

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5. REVERSE TAKEOVER: Schedule of Excess Consideration (Details) - Tidal and MichiCann
12 Months Ended
Dec. 31, 2020
CAD ($)
Consideration paid  
Consideration paid, Common shares deemed issued $ 27,031,042
Consideration paid, Preferred shares deemed issued 5,637,175
Consideration paid, Finder's fee - common shares 8,502,900
Consideration paid, Finder's fee - preferred shares 13,204,609
Consideration paid, Fair value of warrants 303,749
Consideration paid, Fair value of stock options 486,518
Consideration paid 55,165,993
Net identifiable assets acquired  
Net identifiable assets acquired, Cash and cash equivalents 1,822,156
Net identifiable assets acquired, Accounts receivable 2,229
Net identifiable assets acquired, Prepaid expenses 794,538
Net identifiable assets acquired, Promissory note receivable 4,169,009 [1]
Net identifiable assets acquired, Right-of-use asset 91,402
Net identifiable assets acquired, Convertible loan receivable 17,597,600
Net identifiable assets acquired, Accounts payable (898,303)
Net identifiable assets acquired, Lease liability (118,119)
Net identifiable assets acquired 23,460,512
Listing expense $ 31,705,481
[1] Note 5.