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Note 9 - Business Acquisitions (Tables) | 12 Months Ended
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May 31, 2024
Notes Tables |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
|  | Amount |
Consideration |  |  |  |
Cash |  | $ | 28,701 |
Shares |  |  | 6,422 |
Contingent consideration |  |  | 10,245 |
Net assets acquired |  |  |  |
Current assets |  |  |  |
Cash and cash equivalents |  |  | 1,983 |
Accounts receivable |  |  | 1,116 |
Prepaids and other current assets |  |  | 467 |
Inventory |  |  | 1,570 |
Long-term assets |  |  |  |
Capital assets |  |  | 420 |
Customer relationships (15 years) |  |  | 18,540 |
Intellectual property, trademarks & brands (15 years) |  |  | 13,650 |
Goodwill |  |  | 17,803 |
Total assets |  |  | 55,549 |
Current liabilities |  |  |  |
Accounts payable and accrued liabilities |  |  | 1,580 |
Long-term liabilities |  |  |  |
Deferred tax liability |  |  | 4,851 |
Other liabilities |  |  | 3,750 |
Total liabilities |  |  | 10,181 |
Total net assets acquired |  | $ | 45,368 |
|  | Amount |
Consideration |  |  |  |
Shares |  | $ | 63,927 |
Settlement of convertible notes receivable |  |  | 28,720 |
Warrants assumed |  |  | 47 |
Estimated fair value of HEXO stock-based compensation |  |  | 1,188 |
Net assets acquired |  |  |  |
Current assets |  |  |  |
Cash and cash equivalents |  |  | 14,634 |
Restricted cash |  |  | 1,656 |
Accounts receivable |  |  | 7,855 |
Asset held for sale |  |  | 755 |
Prepaids and other current assets |  |  | 2,709 |
Inventory |  |  | 24,122 |
Long-term assets |  |  |  |
Prepaid expenses |  |  | 8,384 |
Capital assets |  |  | 70,634 |
Intellectual property, trademarks & brands (15 years) |  |  | 4,505 |
Interest in equity investee |  |  | 3,145 |
Total assets |  |  | 138,399 |
Current liabilities |  |  |  |
Accounts payable and accrued liabilities |  |  | 44,517 |
Total liabilities |  |  | 44,517 |
Total net assets acquired |  | $ | 93,882 |
|  | Amount |
Consideration |  |  |  |
Cash consideration |  | $ | 74 |
Investment in equity investees |  |  | 3,145 |
Contingent consideration |  |  | 4,181 |
Net assets acquired |  |  |  |
Current assets |  |  |  |
Cash and cash equivalents |  |  | 6,739 |
Accounts receivable |  |  | 1,038 |
Prepaids and other current assets |  |  | 78 |
Inventory |  |  | 2,573 |
Asset held for sale |  |  | 2,960 |
Long-term assets |  |  |  |
Intangible assets |  |  | 296 |
Total assets |  |  | 13,684 |
Current liabilities |  |  |  |
Accounts payable and accrued liabilities |  |  | 5,408 |
Other liabilities |  |  | 876 |
Total liabilities |  |  | 6,284 |
Total net assets acquired |  | $ | 7,400 |
|  | Amount |
Consideration |  |  |  |
Cash consideration |  | $ | 83,658 |
Net assets acquired |  |  |  |
Current assets |  |  |  |
Cash and cash equivalents |  |  | 77 |
Inventory |  |  | 21,493 |
Prepaids and other current assets |  |  | 573 |
Long-term assets |  |  |  |
Capital assets |  |  | 76,114 |
Finance lease, right-of-use assets |  |  | 45,496 |
Operating lease, right-of-use assets |  |  | 7,677 |
Other assets |  |  | 108 |
Total assets |  |  | 151,538 |
Current liabilities |  |  |  |
Accounts payable and accrued liabilities |  |  | 14,706 |
Current portion of finance lease liabilities |  |  | 1,031 |
Current portion of operating lease liabilities |  |  | 1,408 |
Long - term liabilities |  |  |  |
Finance lease liabilities |  |  | 44,465 |
Operating lease liabilities |  |  | 6,270 |
Total liabilities |  |  | 67,880 |
Total net assets acquired |  | $ | 83,658 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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