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Business Acquisitions (Tables) | 12 Months Ended
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May 31, 2022
Aphria Inc |
Business Acquisition [Line Items] |
Schedule of Fair Value of Purchase Price | The fair value of the purchase price on the closing date was, as follows:
|  | April 30, 2021 |
Number of Tilray common shares outstanding at acquisition date |  |  | 179,635,973 |
Conversion ratio |  |  | 0.8381 |
Tilray common shares issued at closing |  |  | 214,337,159 |
Market share price of Aphria converted stock units |  | $ | 14.62 |
Fair value of Tilray common stock transferred to Aphria shareholders |  |  | 3,133,609 |
Consideration related to stock-based compensation (1) |  |  | 71,297 |
Total fair value of consideration transferred |  | $ | 3,204,906 |
(1) | On acquisition date there was consideration in the form of 1,207,010 restricted stock units and 4,782,132 stock options that had been issued before the acquisition date to employees and non-employees of Tilray. The pre-combination fair value of these awards was $17,647 and $53,650, respectively.
Summary of Fair Values of Assets Acquired and Liabilities Assumed | The table below summarizes fair value of the assets acquired and the liabilities assumed as of May 31, 2022.
|  |  | May 31, 2022 |
Assets |  |  |  |  |
Cash and cash equivalents |  |  | $ | 375,673 |
Accounts receivable |  |  |  | 28,054 |
Inventory |  |  |  | 66,547 |
Prepaids and other current assets |  |  |  | 2,960 |
Capital assets |  |  |  | 136,637 |
Right-of-use assets, operating leases |  |  |  | 12,606 |
Definite-lived intangible assets (estimated useful life) |  |  |  |  |
Distribution channel (15 years) |  |  |  | 404,000 |
Customer relationships (15 years) |  |  |  | 59,000 |
Know how (5 years) |  |  |  | 115,000 |
Brands (10 to 25 years) |  |  |  | 301,000 |
Indefinite-lived intangible assets |  |  |  |  |
Licenses |  |  |  | 200,000 |
Goodwill |  |  |  | 2,234,137 |
Other assets |  |  |  | 22,879 |
Total assets |  |  |  | 3,958,493 |
Liabilities |  |  |  |  |
Accounts payable |  |  |  | 62,292 |
Accrued expenses and other current liabilities |  |  |  | 93,120 |
Accrued lease obligations |  |  |  | 21,962 |
Warrant liability |  |  |  | 79,402 |
Deferred tax liabilities, net |  |  |  | 224,915 |
Convertible notes |  |  |  | 267,862 |
Other liabilities |  |  |  | 4,034 |
Total liabilities |  |  |  | 753,587 |
Net assets acquired |  |  | $ | 3,204,906 |
Breckenridge Acquisition |
Business Acquisition [Line Items] |
Summary of Fair Values of Assets Acquired and Liabilities Assumed | . The table below summarizes preliminary estimated fair value of the assets acquired and the liabilities assumed at the effective acquisition date.
|  | Amount |
Consideration |  |  |  |
Shares |  | $ | 114,068 |
Net assets acquired |  |  |  |
Current assets |  |  |  |
Cash and cash equivalents |  |  | 326 |
Accounts receivable |  |  | 2,128 |
Prepaids and other current assets |  |  | 367 |
Inventory |  |  | 20,351 |
Long-term assets |  |  |  |
Capital assets |  |  | 11,179 |
Customer relationships (15 years) |  |  | 9,800 |
Intellectual property, trademarks & brands (15 years) |  |  | 69,950 |
Goodwill |  |  | 2,797 |
Total Assets |  |  | 116,898 |
Current liabilities |  |  |  |
Accounts payable and accrued liabilities |  |  | 2,228 |
Long-term liabilities |  |  |  |
Deferred tax liability |  |  | 602 |
Total liabilities |  |  | 2,830 |
Total net assets acquired |  | $ | 114,068 |

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