Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS (Tables)

v3.5.0.2
ACQUISITIONS (Tables)
6 Months Ended
Jun. 30, 2016
Acquisitions Tables  
Summary of Acquisition

The following table summarizes the acquisition with a purchase price of $51,489,665:

 

Current assets, (inclusive of cash of $163,566)   $ 792,447  
Property, plant and equipment     681,896  
Customer relationships     7,480,800  
Trade Name     4,280,000  
Dispensary license     8,214,700  
Liabilities     (2,355,938 )
Total identifiable net assets   $ 19,093,905  
Goodwill     32,395,760  
Net assets   $ 51,489,665  
Summary of Acquisition purchase price

The below chart outlines a summary of the purchase price:

 

Purchase Price Detail   Series B
Preferred Stock
    Series Q
Preferred Stock
    Series Z
Preferred Stock
    Preferred Stock Converted Into Common Stock     Total
Consideration
 
                               
Closing Consideration     1,248,300       3,696       1,176       36,960,989     $ 9,683,779  
Lockup Consideration     4,468,872       8,945       4,210       110,882,953       29,051,334  
Holdback Consideration     2,951,528       8,739       2,781       87,392,202       11,324,969  
Performance-based Cash Consideration     -       -       -       -       1,429,583  
Totals     8,668,700       21,380       8,167       235,236,144     $ 51,489,665