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Share-based Payments (Tables)

6 Months Ended

Jun. 30, 2020

Share-based Payment Arrangement [Abstract]

Summary of Changes in Warrants and DSUs

The following is a summary of the changes in warrants during the six months ended June 30, 2020 and 2019:

			Weighted average exercise price (C$)						Number of warrants
Balance as of January 1, 2020			$	0.26					$	18,066,662
Balance as of June 30, 2020			$	0.26					$	18,066,662
Balance as of January 1, 2019			$	0.26					$	25,457,623
Exercise of warrants			0.36						(7,390,961)
Balance as of June 30, 2019			$	0.22					$	18,066,662

The following is a summary of the changes in DSUs from January 1, 2020 to June 30, 2020:

			Number of DSUs						Financial liability
Balance as of January 1, 2020			33,397						$	255
Liabilities settled			(8,484)						(46)
Loss (gain) on revaluation			—						(56)
Balance as of June 30, 2020			24,913						$	153

Summary of Outstanding Warrants

As of June 30, 2020, the Company had outstanding warrants as follows. For a description of the Altria Warrant, see Note 11.

Grant Date						Expiry date						Weighted average exercise price (C$)						Number of warrants
October 8 – 28, 2015						October 8 – 28, 2020						$	0.31					$	2,976,610
May 13 – 27, 2016						May 13 – 27, 2021						0.25						15,090,052
As of June 30, 2020																		$	0.26					$	18,066,662

Summary of the Changes in Options

The following is a summary of the changes during the six months ended June 30, 2020 and 2019:

			Weighted average exercise price (C$)						Number of options						Weighted average remaining contractual term (years)
Balance as of January 1, 2020			$	4.84					14,149,502						2.56
Exercise of options			2.05						(1,807,909)
Cancellation, forfeiture and expiry of options			15.78						(127,045)
Balance as of June 30, 2020			$	5.13					12,214,548						2.05
Exercisable at June 30, 2020			3.42						8,688,645						1.78
Balance as of January 1, 2019			$	2.99					12,902,995						3.35
Issuance of options			20.81						1,315,787
Exercise of options			3.76						(227,342)
Cancellation, forfeiture and expiry of options			1.63						(2,895)
Balance as of June 30, 2019			$	4.66					13,988,545						3.04
Exercisable as of June 30, 2019			2.40						6,580,238						2.69

Summary of Fair Value of Options Issued

The fair value of the options issued was determined using the Black-Scholes option pricing model, using the following inputs:

									For the six months ended June 30, 2019
Share price at grant date (per share)									C$20.65 - C$24.75
Exercise price (per option)									C$20.65 - C$24.75
Risk-free interest rate									1.51% - 1.62%
Expected life of options (in years)									5
Expected annualized volatility									80%
Expected dividend yield									—%
Weighted average Black-Scholes value at grant date (per option)									C$13.29 - C$15.91
Forfeiture rate									—%

Summary of Restricted Share Units Activity

The following is a summary of the changes in RSUs from January 1, 2020 to June 30, 2020:

			Number of RSUs						Share-based reserve
Balance as of January 1, 2020			732,972						$	889
Issuance of RSUs			279,277						—
Vesting of issued RSUs			—						1,482
Balance as of June 30, 2020			1,012,249						$	2,371

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