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Note 22 - Restructuring Charges
 3 Months Ended
Aug. 31, 2025
Notes to Financial Statements  
Restructuring and Related Activities Disclosure [Text Block]

Note 22. Restructuring charges

 

In connection with the integration of certain acquisitions and strategic transactions, the Company has incurred restructuring and exit costs in the amount of $869 for the three months ended August 31, 2025, compared to $4,247 for the prior year period. All restructuring plans are approved at the executive level, and their associated expenses are recognized in the period in which the plan is committed or otherwise incurred.

 

Within the Cannabis segment, during the three months ended August 31, 2025, the Company recognized $692 of expenses related to employee termination severance and benefits associated with the reorganization of the Canadian cannabis commercial function. Additionally, the Company recognized $177 of restructuring charges related to our decision to exit the New Zealand medical cannabis market announced during the fiscal year ended  May 31, 2025. 

 

During the fiscal year ended May 31, 2025, the Company accrued $8,500 of restructuring charges related to the closure of Hop Valley and other Project 420 initiatives within the Beverage segment, of which $1,249 was recognized in the three months ended August 31, 2025 thereby, reducing the accrual to $7,251.