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Accounts payable and accrued liabilities
 12 Months Ended
May 31, 2021
Payables And Accruals [Abstract]  
Accounts payable and accrued liabilities

17.

Accounts payable and accrued liabilities

Accounts payable and accrued liabilities comprised of:

 

 

 

May 31,

 

 

May 31,

 

 

 

2021

 

 

2020

 

Trade payables

 

$

57,706

 

 

$

41,159

 

Accrued liabilities

 

 

112,594

 

 

 

48,105

 

Accrued payroll and employment related taxes

 

 

19,390

 

 

 

—

 

Income taxes payable

 

 

14,764

 

 

 

4,651

 

Accrued interest

 

 

148

 

 

 

—

 

Accrued legal settlement

 

 

—

 

 

 

18,496

 

Other accruals

 

 

8,211

 

 

 

—

 

 

 

$

212,813

 

 

$

112,411

 

 

As part of the reverse acquisition, (refer to Note 10 Business acquisitions and goodwill), the Company acquired a trademark and license agreement with Authentic Brands Group (“ABG”) for the use of the Prince trademark (“ABG Prince Agreement”). Under the ABG Prince Agreement, the Company pays a royalty on actual product sales in addition to a guaranteed minimum royalty payment of $375 on a quarterly basis until the maturity date of December 31, 2025.