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Inventory
 12 Months Ended
May 31, 2022
Inventory Disclosure [Abstract]  
Inventory

4.

Inventory

Inventory is comprised of:

 

 

 

May 31,

2022

 

 

May 31,

2021

 

Plants

 

$

14,521

 

 

$

23,083

 

Dried cannabis

 

 

116,739

 

 

 

118,269

 

Cannabis trim

 

 

592

 

 

 

2,931

 

Cannabis derivatives

 

 

24,685

 

 

 

24,158

 

Cannabis vapes

 

 

542

 

 

 

3,791

 

Cannabis packaging and other inventory items

 

 

21,691

 

 

 

31,462

 

Wellness inventory

 

 

13,275

 

 

 

15,171

 

Beverage alcohol inventory

 

 

27,840

 

 

 

5,402

 

Distribution inventory

 

 

25,644

 

 

 

32,162

 

Total

 

$

245,529

 

 

$

256,429

 

 

 

 

 

 

 

 

 

 

 

Inventory is written down for any obsolescence, spoilage and excess inventory or when the net realizable value of inventory is less than the carrying value. During the year ended May 31, 2022, the Company recorded charges for inventory and inventory-related write downs as a component of cost of sales. Cannabis products were written down by $59,500 for the year ended May 31, 2022, by $19,919 for the year ended May 31, 2021 and there were no write downs for the year ended May 31, 2020. Distribution products were written down by $7,500 for the year ended May 31, 2022, there were no write downs for the years ended May 31, 2021 and 2020. Included in cost of goods sold for the year ended May 31, 2022 is $2,214 purchase price accounting step-up for beverage alcohol inventory sold in the year, $835 for the year ended May 31, 2021 and there was no step-up for the year ended May 31, 2020.