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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.