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Note 7 - Business Acquisitions
 3 Months Ended
Aug. 31, 2025
Notes to Financial Statements  
Business Combination [Text Block]

Note 7. Business acquisitions

  

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.