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Stockholders' Equity (Tables)

12 Months Ended

May 31, 2022

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, 2022 is as follows:

EIP Time-based stock option activity
										Weighted-
						Weighted-				average
						average				remaining
		Stock				exercise				contractual				Aggregate
		Options				price				term (years)				intrinsic value
Balance, May 31, 2021			3,180,226			$	14.19			1.3				$	25,171
Granted			—				—				—				—
Exercised			(171,603	)			7.76				—				—
Forfeited			—				—				—				—
Cancelled			(126,874	)			6.08				—				—
Balance, May 31, 2022			2,881,749			$	14.93				6.0			$
Original plan time-based stock option activity
										Weighted-
						Weighted-				average
						average				remaining
		Stock				exercise				contractual				Aggregate
		Options				price				term (years)				intrinsic value
Balance, May 31, 2021			917,545			$	3.97			1.7				$	11,886
Exercised			(735,564	)			3.36				—				—
Forfeited			(9,016	)			5.36				—				—
Cancelled			(80,188	)			9.93				—				—
Balance, May 31, 2022			92,777			$	3.52				3.8			$	117
EIP Time-based RSU activity
						Weighted- average				Weighted- average
						grant-date				remaining
		Time-based				fair value				contractual				Aggregate
		RSUs				per share				term (years)				intrinsic value
Balance, May 31, 2021			1,205,243			$	15.16				—			$	20,091
Granted			6,447,993				12.02				—				—
Vested			(564,937	)			20.33				—				—
Forfeited			(377,519	)			14.16				—				—
Cancelled			—				—				—				—
Balance, May 31, 2022			6,710,780			$	11.76				2.6			$	25,894

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, 2022
										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			2,499,185			$	12.48			$	6.51				2.4				10,472
Exercised during the year			(203,071	)			8.14				31.88			N/A				N/A
Granted during the year			—				—				—			N/A				N/A
Forfeited during the year			(155,381	)			18.21				6.15			N/A				N/A
Expired during the year			(301,705	)			16.14				20.07			N/A				N/A
Outstanding, end of the year			1,839,028			$	11.29			$	64.44				1.8				—
Vested and exercisable, end of the year			1,764,777			$	11.39			$	65.39				1.8				—

Predecessor Plan | Time-based and Performance-based RSU | Aphria

Schedule of Time-based and Performance-based RSU Activity

		May 31, 2022
						Weighted
						average
						grant -
						date fair
		Time- based				value per
		RSUs				share
Non-vested, beginning of the year			2,794,972			$	6.88
Granted during the year			—				—
Vested during the year			(1,868,691	)		$	13.79
Forfeited during the year			(149,169	)		$	20.59
Non-vested, end of the year			777,112			$	11.09

X

- Definition

Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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