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

6. ACQUISITIONS: Acquisition of PV, Schedule of Consideration and net identifiable assets acquired (Details)

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6. ACQUISITIONS: Acquisition of PV, Schedule of Consideration and net identifiable assets acquired (Details) - Platinum Vape LLC
12 Months Ended
Dec. 31, 2020
CAD ($)
Consideration paid  
Consideration paid, Cash paid on closing $ 9,222,500
Consideration paid, Present value of cash payable 120 days after closing 16,655,835
Consideration paid, Cash to be paid in one year 19,511,124
Consideration paid, Convertible promissory note 17,219,398
Consideration paid 62,608,857
Net identifiable assets acquired  
Net identifiable assets acquired, Cash and cash equivalents 1,745,431
Net identifiable assets acquired, Accounts receivable 4,188,780
Net identifiable assets acquired, Prepaid expenses 400,520
Net identifiable assets acquired, Inventory 3,184,355
Net identifiable assets acquired, Property, plant and equipment 319,876
Net identifiable assets acquired, Right-of-use 475,396
Net identifiable assets acquired, Licenses 29,907,250
Net identifiable assets acquired, Brand 33,991,500
Net identifiable assets acquired, Goodwill 281,172
Net identifiable assets acquired, Accounts payable (2,416,543)
Net identifiable assets acquired, Lease liability (475,122)
Net identifiable assets acquired, Loan (30,628)
Net identifiable assets acquired, Deferred tax liability (8,963,130)
Net identifiable assets acquired $ 62,608,857