Consideration paid:

Cash paid on closing

$

9,222,500

Present value of cash payable 120 days after closing

16,655,835

Cash to be paid in one year

19,511,124

Convertible promissory note

17,219,398

$

62,608,857

Net identifiable assets acquired:

Cash and cash equivalents

$

1,745,431

Accounts receivable

4,188,780

Prepaid expenses

400,520

Inventory

3,184,355

Property, plant and equipment

319,876

Right-of-use

475,396

Licenses

29,907,250

Brand

33,991,500

Goodwill

281,172

Accounts payable

(2,416,543)

Lease liability

(475,122)

Loan

(30,628)

Deferred tax liability

(8,963,130)

$

62,608,857