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STOCK-BASED COMPENSATION (Tables)
 6 Months Ended
May 31, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of restricted stock unit activity
The following table summarizes the RSU activity during the six months ended May 31, 2021:

 

    RSUs  
Unvested and outstanding as of November 30, 2020     1,573,500  
Granted     174,493  
Exercised     —  
Cancelled     —  
Unvested and outstanding at May 31, 2021     1,747,993  
Schedule of stock options valuation assumptions

The assumptions that the Company used to determine the grant-date fair value of stock options granted to employees and non-employees for the six months ended May 31, 2021 were as follows:

 

Black-Scholes option pricing model

 

Risk free rate     0.33  %
Expected dividends     0.00  
Expected volatility     83 – 113 % 
Expected life     4 – 5 years  
Market price of the Company’s common stock on date of grant   $ 14.74 – 19.70  
Exercise price   $ 14.90 – 17.00
Schedule of stock options activity
The following table summarizes option activity under the 2017 and 2020 Plan during the six months ended May 31, 2021:

 

      Stock     Weighted-Average
Exercise Price Per Stock
Option		  
      Options     CDN$     USD$  
Outstanding, November 30, 2020 (1)       705,967       2.40       3.10  
Granted       41,000       18.90       15.60  
Exercised       (22,667 )     (1.90 )     (1.50 )
Forfeited       (82,250 )      (5.10 )      (4.20 )
Outstanding, May 31, 2021 (2)       642,050       3.60       3.00  
Exercisable, May 31, 2021 (2)       642,050       2.60       2.20  

 

(1)As of November 30, 2020 all options were governed by the 2017 Plan.
(2)As of May 31, 2021 all options were governed by the 2020 Plan.