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Note 9 - Business Acquisitions (Tables)

12 Months Ended

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

X

- 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

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- References

No definition available.

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