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Note 7 - Business Acquisitions | 3 Months Ended
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Aug. 31, 2025
Notes to Financial Statements |
Business Combination [Text Block] | Note 7. Business a cquisitions Acquisition of Craft Beverage Business Portfolio II Effective September 1, 2024, the Company acquired four craft beer brands and breweries from Molson Coors Beverage Company (“Molson”) including Atwater Brewery, Hop Valley Brewing Company, Terrapin Beer Co., and Revolver Brewing (the “Craft Acquisition II”). The purpose of the acquisition was to continue broadening Tilray's beverage brand strategy. In consideration for the acquisition, the Company paid a total purchase price of $22,979 in cash, which was subject to certain customary post-closing working capital adjustments. The table below summarizes the fair value of the assets acquired and the liabilities assumed for the Craft Acquisition II at the effective acquisition date as follows:
|  | Amount |
Consideration |  |  |  |
Cash consideration |  | $ | 22,979 |
Net assets acquired |  |  |  |
Current assets |  |  |  |
Cash and cash equivalents |  |  | 4,869 |
Accounts receivable |  |  | 1,993 |
Inventory |  |  | 6,844 |
Prepaids and other current assets |  |  | 185 |
Long-term assets |  |  |  |
Capital assets |  |  | 20,916 |
Finance lease, right-of-use assets |  |  | 1,869 |
Operating lease, right-of-use assets |  |  | 1,884 |
Total assets |  |  | 38,560 |
Current liabilities |  |  |  |
Accounts payable and accrued liabilities |  |  | 11,828 |
Current portion of finance lease liabilities |  |  | 354 |
Current portion of operating lease liabilities |  |  | 564 |
Long - term liabilities |  |  |  |
Finance lease liabilities |  |  | 1,515 |
Operating lease liabilities |  |  | 1,320 |
Total liabilities |  |  | 15,581 |
Total net assets acquired |  |  | 22,979 |
In the event that the Craft Acquisition II had occurred on June 1, 2024, the Company would have had, on an unaudited proforma basis, additional net revenue of approximately $nil for the three months ended August 31, 2025 and approximately $13,700 for the three months ended August 31, 2024, respectively, and its consolidated net income and comprehensive net income would have increased by approximately $nil for the three months ended August 31, 2025 and approximately $4,000 for the three months ended August 31, 2024, respectively. This unaudited pro forma financial information does not reflect the realization of any expected ongoing synergies relating to the integration of the Craft Acquisition II.

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