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Consolidated Statements of Loss and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
May 31, 2024
May 31, 2023
May 31, 2022
Net revenue $ 788,942 $ 627,124 $ 628,372
Cost of goods sold 565,591 480,164 511,555
Gross profit 223,351 146,960 116,817
Operating expenses:      
General and administrative 167,358 165,159 162,801
Selling 37,233 34,840 34,926
Amortization 84,752 93,489 115,191
Marketing and promotion 41,933 30,937 30,934
Research and development 635 682 1,518
Change in fair value of contingent consideration (15,790) 855 (44,650)
Asset Impairment Charges 0 934,001 378,241
Other than temporary change in fair value of convertible notes receivable 42,681 246,330 0
Litigation costs, net of recoveries 8,251 (505) 16,518
Restructuring costs 15,581 9,245 795
Transaction costs (income), net 15,462 1,613 30,944
Total operating expenses 398,096 1,516,645 727,218
Operating loss (174,745) (1,369,685) (610,401)
Interest expense, net (36,433) (13,587) (27,944)
Non-operating income (expense), net (37,842) (66,909) 197,671
Loss before income taxes (249,020) (1,450,181) (440,674)
Income tax (recovery) expense (26,616) (7,181) (6,542)
Net loss (222,404) (1,443,000) (434,132)
Total net income (loss) attributable to:      
Stockholders of Tilray Brands, Inc. (244,981) (1,452,656) (476,801)
Non-controlling interests 22,577 9,656 42,669
Other comprehensive gain (loss), net of tax      
Foreign currency translation gain (loss) 3,121 (83,533) (125,306)
Unrealized gain (loss) on convertible notes receivable 0 75,177 (71,428)
Total other comprehensive gain (loss), net of tax 3,121 (8,356) (196,734)
Comprehensive loss (219,283) (1,451,356) (630,866)
Total comprehensive income (loss) attributable to:      
Stockholders of Tilray Brands, Inc. (241,870) (1,478,502) (650,233)
Non-controlling interests $ 22,587 $ 27,146 $ 19,367
Weighted average number of common shares - basic (in shares) 742,649,477 617,982,589 481,219,130
Weighted average number of common shares - diluted (in shares) 742,649,477 617,982,589 481,219,130
Net loss per share - basic (in dollars per share) $ (0.33) $ (2.35) $ (0.99)
Net loss per share - diluted (in dollars per share) $ (0.33) $ (2.35) $ (0.99)