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Stock-based compensation (Tables) | 12 Months Ended
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May 31, 2021
Tilray 2018 Equity Incentive Plan and Original Plan | EIP Original Plan and Time-based RSU |
Schedule of Stock Option Activity | Stock-based activity under the EIP and Original Plan for the year ended May 31, 2021 is as follows:
EIP Time-based stock option activity |  |  |
|  | Stock Options |  |  | Weighted- average exercise price |  |  | Weighted- average remaining contractual term (years) |  |  | Aggregate intrinsic value |
Balance May 1, |  |  | 3,182,547 |  |  | $ | 14.19 |  |  |  | 1.7 |  |  | $ | 30,331,823 |
Granted |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Exercised |  |  | (1,665 | ) |  |  | 7.76 |  |  |  | — |  |  |  | — |
Forfeited |  |  | (188 | ) |  |  | 7.76 |  |  |  | — |  |  |  | — |
Cancelled |  |  | (468 | ) |  |  | 65.20 |  |  |  | — |  |  |  | — |
Balance May 31, |  |  | 3,180,226 |  |  | $ | 14.19 |  |  |  | 1.3 |  |  | $ | 25,171,187 |
Original plan time-based stock option activity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Stock Options |  |  | Weighted- average exercise price |  |  | Weighted- average remaining contractual term (years) |  |  | Aggregate intrinsic value |
Balance May 1, |  |  | 946,948 |  |  |  | 3.99 |  |  |  | 2 |  |  |  | 13,777,571 |
Exercised |  |  | (29,403 | ) |  |  | 4.71 |  |  |  | — |  |  |  | — |
Forfeited |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Cancelled |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Balance May 31, |  |  | 917,545 |  |  | $ | 3.97 |  |  |  | 1.7 |  |  | $ | 11,885,699 |
Time-based RSU activity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Time-based RSUs |  |  | Weighted-average grant-date fair value per share |  |  | Weighted-average remaining contractual term (years) |  |  | Aggregate intrinsic value |
Balance May 1, |  |  | 1,285,134 |  |  | $ | 15.70 |  |  |  | — |  |  |  | — |
Granted |  |  | 198,521 |  |  |  | 7.76 |  |  |  | — |  |  |  | — |
Vested |  |  | (112,508 | ) |  |  | 12.99 |  |  |  | — |  |  |  | — |
Forfeited |  |  | (165,904 | ) |  |  | 11.97 |  |  |  | — |  |  |  | — |
Cancelled |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Balance May 31, |  |  | 1,205,243 |  |  | $ | 15.16 |  |  |  | — |  |  | $ | 20,091,286 |
Predecessor Plan | Time-based Stock Options | Aphria |
Schedule of Stock Option Activity | Stock option, RSU and DSU activity for the Company under the Predecessor Plan is as follows: Time-based stock option activity
|  | May 31, 2021 |
|  |  |  |  |  |  |  |  |  | Weighted |  |  | Weighted |  |  |  |  |
|  |  |  |  |  | Weighted |  |  | average |  |  | average |  |  |  |  |
|  |  |  |  |  | average |  |  | grant |  |  | remaining |  |  | Aggregate |
|  | Number of |  |  | exercise |  |  | date fair |  |  | contractual |  |  | Intrinsic |
|  | options |  |  | price |  |  | value |  |  | term (years) |  |  | Amount |
Outstanding, beginning of the year |  |  | 4,484,051 |  |  | $ | 12.04 |  |  | $ | 6.24 |  |  |  | 2.9 |  |  |  | (32,781 | )
Exercised during the year |  |  | (1,073,986 | ) |  |  | 8.70 |  |  | $ | 4.38 |  |  | N/A |  |  | N/A |
Granted during the year |  |  | 41,500 |  |  |  | 5.88 |  |  | $ | 2.18 |  |  | N/A |  |  | N/A |
Forfeited during the year |  |  | (884,320 | ) |  |  | 14.06 |  |  | $ | 7.46 |  |  | N/A |  |  | N/A |
Expired during the year |  |  | (68,060 | ) |  |  | 18.72 |  |  | $ | 8.80 |  |  | N/A |  |  | N/A |
Outstanding, end of the year |  |  | 2,499,185 |  |  | $ | 12.48 |  |  | $ | 6.51 |  |  |  | 2.4 |  |  |  | 10,472 |
Vested and exercisable, end of the year |  |  | 1,846,090 |  |  | $ | 13.53 |  |  | $ | 7.16 |  |  |  | 2.2 |  |  |  | 5,797 |
Predecessor Plan | Performance Based Stock Option | Aphria |
Schedule of Stock Option Activity | Performance-based stock option activity
|  | May 31, 2021 |
|  |  |  |  |  |  |  |  |  | Weighted |  |  | Weighted |  |  |  |  |
|  |  |  |  |  | Weighted |  |  | average |  |  | average |  |  |  |  |
|  |  |  |  |  | average |  |  | grant |  |  | remaining |  |  | Aggregate |
|  | Number of |  |  | exercise |  |  | date fair |  |  | contractual |  |  | Intrinsic |
|  | options |  |  | price |  |  | value |  |  | term (years) |  |  | Amount |
Outstanding, beginning of the year |  |  | 398,400 |  |  | $ | 8.11 |  |  | $ | 3.80 |  |  | 0.6 |  |  |  | (1,347 | )
Exercised during the year |  |  | (166,000 | ) |  | $ | 5.15 |  |  | $ | 2.38 |  |  | N/A |  |  | N/A |
Granted during the year |  |  | — |  |  |  | — |  |  |  | — |  |  | N/A |  |  | N/A |
Forfeited during the year |  |  | (232,400 | ) |  | $ | 10.23 |  |  | $ | 4.81 |  |  | N/A |  |  | N/A |
Expired during the year |  |  | — |  |  |  | — |  |  |  | — |  |  | N/A |  |  | N/A |
Outstanding, end of the year |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Vested and exercisable, end of the year |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Predecessor Plan | Time-based and Performance-based RSU | Aphria |
Schedule of Time-based and Performance-based RSU Activity |
|  | May 31, 2021 |
|  |  |  |  |  | Weighted |  |  |  |  |  |  | Weighted |
|  |  |  |  |  | average |  |  |  |  |  |  | average |
|  |  |  |  |  | grant - |  |  |  |  |  |  | grant - |
|  |  |  |  |  | date fair |  |  | Performance- |  |  | date fair |
|  | Time- based |  |  | value per |  |  | based |  |  | value per |
|  | RSUs |  |  | share |  |  | RSUs |  |  | share |
Non-vested, beginning of the year |  |  | 1,588,743 |  |  | $ | 7.71 |  |  |  | 19,335 |  |  | $ | 6.01 |
Granted during the year |  |  | 2,370,862 |  |  | $ | 6.24 |  |  |  | — |  |  |  | — |
Vested during the year |  |  | (1,006,222 | ) |  | $ | (6.83 | ) |  |  | — |  |  |  | — |
Forfeited during the year |  |  | (158,411 | ) |  | $ | (6.68 | ) |  |  | (19,335 | ) |  | $ | (6.01 | )
Non-vested, end of the year |  |  | 2,794,972 |  |  | $ | 6.88 |  |  |  | — |  |  |  | — |

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