XML 27 R10.htm IDEA: XBRL DOCUMENT
v3.24.2

Note 4 - Inventory | 12 Months Ended
--- | ---
May 31, 2024
Notes to Financial Statements |
Inventory Disclosure [Text Block] |
4. | Inventory
Inventory is comprised of:
|  | May 31, |  |  | May 31, |
|  | 2024 |  |  | 2023 |
Beverage alcohol inventory |  | $ | 52,831 |  |  | $ | 27,837 |
Plants |  |  | 13,828 |  |  |  | 10,884 |
Dried cannabis |  |  | 108,721 |  |  |  | 89,801 |
Cannabis trim |  |  | — |  |  |  | 322 |
Cannabis derivatives |  |  | 4,504 |  |  |  | 9,229 |
Cannabis vapes |  |  | 4,132 |  |  |  | 1,173 |
Packaging and other inventory items |  |  | 22,115 |  |  |  | 19,997 |
Distribution inventory |  |  | 35,645 |  |  |  | 30,144 |
Wellness inventory |  |  | 10,311 |  |  |  | 11,164 |
Total |  | $ | 252,087 |  |  | $ | 200,551 |
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, 2024, the Company did not have any charges for inventory and inventory-related write downs outside of the normal course of business compared to the previous year Cannabis inventory write down of $55,000. Included in cost of goods sold for the year ended May 31, 2024 are $4,602 and $7,628 fair value step up adjustment under purchase accounting (PPA) for beverage alcohol and cannabis inventory sold in the year respectively, and $4,482 for beverage alcohol inventory for the year ended May 31, 2023.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
Name: | us-gaap_InventoryDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration