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Note 6 - Capital Assets - USD ($) $ in Thousands | 12 Months Ended
--- | ---
May 31, 2024 | May 31, 2023 | May 31, 2022
Income Statement [Abstract] |  |  |
Asset Impairment Charges | $ 0 | $ 934,001 | $ 378,241
Notes to Financial Statements |  |  |
Property, Plant and Equipment Disclosure [Text Block] |
6. | Capital assets
Capital asset consisted of the following:
|  | May 31, |  |  | May 31, |
|  | 2024 |  |  | 2023 |
Land |  | $ | 45,577 |  |  | $ | 30,635 |
Production facility |  |  | 369,630 |  |  |  | 344,627 |
Equipment |  |  | 258,532 |  |  |  | 185,422 |
Leasehold improvement |  |  | 19,377 |  |  |  | 7,753 |
Finance lease, right-of-use assets |  |  | 43,993 |  |  |  | — |
Construction in progress |  |  | 10,713 |  |  |  | 8,048 |
|  | $ | 747,822 |  |  | $ | 576,485 |
Less: accumulated amortization |  |  | (189,575 | ) |  |  | (146,818 | )
Total |  | $ | 558,247 |  |  | $ | 429,667 |
The Company performs ongoing assessments whenever events or changes in circumstances indicate that the carrying amount of an asset group may not be recoverable. During the year ended May 31, 2024, there were no indicators that an asset group was not recoverable and as a result there were $nil impairments during the year ended May 31, 2024. During the year ended May 31, 2023, the Company recorded non-cash impairments of $81,500 on its production facility in Canada and $22,500 on its equipment. Assets held for sale consisted of the following:
|  | May 31, |  |  | May 31, |
|  | 2024 |  |  | 2023 |
Land |  | $ | 954 |  |  | $ | — |
Production facility |  |  | 24,682 |  |  |  | — |
Equipment |  |  | 6,438 |  |  |  | — |
|  | $ | 32,074 |  |  | $ | — |
On June 22, 2023, the Company acquired HEXO and recognized the Kirkland lake property as held for sale on the acquisition date, see Note 9 (Business combinations). The property was sold during the fiscal year ended May 31, 2024. During the year ended May 31, 2024, the Company classified the following assets from its Cannabis reporting segment, which includes its Quebec cultivation facility, the Fort Collins warehouse facility, and Broken Coast's former Duncan cultivation facility as held for sale. Through the assessment of facility capacity utilization, it was determined that these facilities would be exited and held for sale. It is expected that the sale of these assets will be completed within twelve months from the period they were classified as held for sale. |  |

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