Acquisitions (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2020
PurePenn, LLC and Pioneer Leasing & Consulting, LLC    
Summary of Allocation of Consideration Exchanged for Estimated/Final Fair Value of Tangible and Identifiable Intangible Assets Acquired and Liabilities Assumed
The following table summarizes the allocation of consideration exchanged for the estimated fair value of tangible and identifiable intangible assets acquired and liabilities assumed:
 
(dollars in thousands)
       
Consideration:
         
Cash
    $ 19,000  
Shares issued upon acquisition
      29,711  
Contingent consideration payable in shares
      46,951  
    
 
 
  
Fair value of consideration exchanged
    $ 95,662  
    
 
 
  
Recognized amounts of identifiable assets acquired and liabilities assumed:
         
Cash
    $ 563  
Accounts receivable
      1,300  
Prepaid expenses and other current assets
      376  
Inventories
      7,461  
Property and equipment, net
      26,233  
Intangible assets, net:
         
State license
      45,310  
Moxie license
      2,960  
Tradename
      580  
Goodwill
      46,349  
Other assets
      478  
Accounts payable and accrued liabilities
      (2,189 ) 
Construction finance liability
      (17,413 ) 
Deferred tax liability
      (16,346 ) 
    
 
 
  
Total net assets acquired
    $ 95,662  
    
 
 
  
The following table summarizes the allocation of consideration exchanged for the estimated fair value of tangible and identifiable intangible assets acquired and liabilities assumed:

(dollars in thousands)
       
Consideration:
         
Cash
    $ 19,000  
Shares issued upon issuance
      27,000  
Contingent consideration payable in shares
      50,000  
    
 
 
  
Fair value of consideration exchanged
    $ 96,000  
    
 
 
  
Recognized amounts of identifiable assets acquired and liabilities assumed:
         
Cash
    $ 563  
Accounts receivable
      1,300  
Prepaids and other current assets
      376  
Inventory
      7,461  
Property and equipment, net
      26,233  
Intangible assets:
         
Tradename
      580  
Moxie license
      2,960  
State license
      45,310  
Goodwill
      47,311  
Other assets
      478  
Accounts payable and accrued expenses
      (2,189 ) 
Construction liability
      (17,413 ) 
Deferred tax liability
      (16,970 ) 
    
 
 
  
Total net assets acquired
      96,000  
    
 
 
  
Keystone Relief Centers LLC    
Summary of Allocation of Consideration Exchanged for Estimated/Final Fair Value of Tangible and Identifiable Intangible Assets Acquired and Liabilities Assumed
The following table summarizes the final allocation of consideration exchanged for the estimated fair value of tangible and identifiable intangible assets acquired and liabilities assumed:
 
(dollars in thousands)
       
Consideration:
         
Cash
    $ 10,000  
Shares issued upon acquisition
      11,004  
Contingent consideration payable in shares
      15,249  
Net working capital adjustment
      624  
    
 
 
  
Fair value of consideration exchanged
    $ 36,877  
    
 
 
  
Recognized amounts of identifiable assets acquired and liabilities assumed:
         
Cash
    $ 1,229  
Accounts receivable
      117  
Prepaid expenses and other current assets
      91  
Inventories
      2,337  
Property and equipment, net
      2,245  
Right of use asset
      2,156  
Intangible assets, net:
         
Dispensary license
      19,890  
Tradename
      930  
Goodwill
      17,985  
Accounts payable and accrued liabilities
      (790 ) 
Lease liability
      (2,156 ) 
Deferred tax liability
      (7,157 ) 
    
 
 
  
Total net assets acquired
    $ 36,877  
    
 
 
  
The following table summarizes the allocation of consideration exchanged for the estimated fair value of tangible and identifiable intangible assets acquired and liabilities assumed:
 
(dollars in thousands)
       
Consideration:
         
Cash
    $ 10,000  
Shares issued upon issuance
      10,000  
Contingent consideration payable in shares
      15,000  
Net working capital adjustment
      715  
    
 
 
  
Fair value of consideration exchanged
    $ 35,715  
    
 
 
  
Recognized amounts of identifiable assets acquired and liabilities assumed:
         
Cash
    $ 1,229  
Accounts receivable
      117  
Prepaids and other current assets
      91  
Inventory
      2,337  
Property and equipment, net
      2,245  
Right of use asset
      2,156  
Intangible assets:
         
Dispensary License
      16,090  
Tradename
      930  
Goodwill
      19,473  
Accounts payable and accrued expenses
      (790 ) 
Lease liability
      (2,156 ) 
Deferred tax liability
      (6,007 ) 
    
 
 
  
Total net assets acquired
    $ 35,715  
    
 
 
  
The Healing Corner, Inc [Member]    
Summary of Allocation of Consideration Exchanged for Estimated/Final Fair Value of Tangible and Identifiable Intangible Assets Acquired and Liabilities Assumed  
The following table summarizes the allocation of consideration exchanged for the estimated fair value of tangible and identifiable intangible assets acquired and liabilities assumed:
 
(dollars in thousands)
       
Consideration:
         
Cash
    $ 19,900  
    
 
 
  
Fair value of consideration exchanged
    $ 19,900  
    
 
 
  
Recognized amounts of identifiable assets acquired and liabilities assumed:
         
Cash
    $ 2  
Inventory
      73  
Prepaids
      4  
Property and equipment, net
      203  
Intangible assets:
         
Dispensary License
      14,300  
Trademark
      321  
Customer Relationship
      1,000  
Non-Compete
      35  
Goodwill
      7,316  
Accrued expenses
      (4 ) 
Deferred tax liability
      (3,350 ) 
    
 
 
  
Total net assets acquired
    $ 19,900  
    
 
 
  
Life Essence Inc [Member]    
Summary of Allocation of Consideration Exchanged for Estimated/Final Fair Value of Tangible and Identifiable Intangible Assets Acquired and Liabilities Assumed  
The following
table summarizes the allocation of consideration exchanged for the estimated fair value of tangible and identifiable intangible assets acquired and liabilities assumed:
 
(dollars in thousands)
       
Consideration:
         
Cash
    $ 4,125  
Transaction costs
      270  
    
 
 
  
Fair value of consideration exchanged
    $ 4,395  
    
 
 
  
Recognized amounts of identifiable assets acquired and liabilities assumed:
         
Intangible asset—dispensary license
    $ 6,144  
Accrued expenses
      (121 ) 
Deferred tax liability
      (1,628 ) 
    
 
 
  
Total net assets acquired
    $ 4,395  
    
 
 
  
Leef Industries LLC [Member]    
Summary of Allocation of Consideration Exchanged for Estimated/Final Fair Value of Tangible and Identifiable Intangible Assets Acquired and Liabilities Assumed  
The following table summarizes the allocation of consideration exchanged for the estimated fair value of tangible and identifiable intangible assets acquired and liabilities assumed:
 
(dollars in thousands)
       
Consideration:
         
Cash
    $ 3,250  
Balance of Purchase Price Payable
      750  
Transaction costs
      25  
    
 
 
  
Fair value of consideration exchanged
    $ 4,025  
    
 
 
  
Recognized amounts of identifiable assets acquired and liabilities assumed:
         
Cash
    $ 7  
Inventory
      19  
Property and equipment, net
      8  
Intangible assets:
         
Dispensary License
      5,470  
Tradename
      10  
Accrued expenses
      (38 ) 
Deferred tax liability
      (1,452 ) 
    
 
 
  
Total net assets acquired
    $ 4,025  
    
 
 
  
Keystone Shops [Member]    
Summary of Allocation of Consideration Exchanged for Estimated/Final Fair Value of Tangible and Identifiable Intangible Assets Acquired and Liabilities Assumed
(dollars in thousands)
       
Consideration:
         
Cash
    $ 20,251  
Shares issued upon acquisition
      35,385  
    
 
 
  
Fair value of consideration exchanged
    $ 55,636  
    
 
 
  
Recognized amounts of identifiable assets acquired and liabilities assumed:
         
Cash
    $ 500  
Inventories
      1,766  
Prepaid expenses and other current assets
      240  
Property and equipment
      1,144  
Right of use asset—finance
      1,340  
Intangible assets
         
Dispensary license
      27,000  
Tradename
      100  
Favorable leasehold interests, net
      86  
Goodwill
      40,072  
Other assets
      40  
Accounts payable and accrued liabilities
      (878 ) 
Income tax payable
      (2,892 ) 
Operating lease liabilities
      (1,340 ) 
Other long-term liabilities
      (2,179 ) 
Deferred tax liability
      (9,363 ) 
    
 
 
  
Total net assets acquired
    $ 55,636  
    
 
 
  
 
Natures Remedy Of Massachusetts Inc [Member]    
Summary of Total Consideration Paid was Allocated to Assets and Liabilities Acquired Based on Relative Fair Values This adjustment resulted in an updated total consideration of $16.2 million consisting of $7.0 million in cash and 237,881 in Trulieve Shares with an updated fair value of $9.1 million and less than $0.1 million in transaction costs. Refer to “
Note 2. Basis of Presentation
” under “
Revisions of Previously Issued Financial Statements
” above for additional details. The adjusted net assets acquired are as follows:
(dollars in thousands)
       
Consideration:
         
Cash
    $ 7,000  
Shares issued upon acquisition
      9,139  
Transaction costs
      23  
    
 
 
  
Fair value of consideration exchanged
    $ 16,162  
    
 
 
  
Recognized amounts of identifiable assets acquired and liabilities assumed:
         
Prepaid expenses and other current assets
    $ 12  
Property and equipment
      1,006  
Right of use asset—finance
      799  
Intangible assets
         
Dispensary license
      19,630  
Accounts payable and accrued liabilities
      (335 ) 
Finance lease liability
      (594 ) 
Deferred tax liability
      (4,356 ) 
    
 
 
  
Total net assets acquired
    $ 16,162  
    
 
 
  
 
Patient Centric Of Marthas Vineyard [Member]    
Summary of Total Consideration Paid was Allocated to Assets and Liabilities Acquired Based on Relative Fair Values As a result, the acquisition of PCMV has been accounted for as an asset acquisition, whereby all of the assets acquired and liabilities assumed are assigned a carrying amount based on relative fair values.
(dollars in thousands)
       
Consideration:
         
Shares issued upon acquisition
    $ 10,012  
Transaction costs
      18  
    
 
 
  
Fair value of consideration exchanged
    $ 10,030  
    
 
 
  
Recognized amounts of identifiable assets acquired and liabilities assumed:
         
Right of use asset—finance
    $ 1,756  
Intangible assets
         
Dispensary license
      13,298  
Finance lease liabilities
      (2,321 ) 
Deferred tax liability
      (2,703 ) 
    
 
 
  
Total net assets acquired
    $ 10,030