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Note 6 - Business Acquisitions (Tables)
3 Months Ended
Aug. 31, 2023
Notes Tables  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
  

Amount

 

Consideration

    

Cash

 $28,701 

Shares

  6,422 

Contingent consideration

  10,245 

Net assets acquired

    

Current assets

    

Cash and cash equivalents

  1,983 

Accounts receivable

  1,116 

Prepaids and other current assets

  467 

Inventory

  1,570 

Long-term assets

    

Capital assets

  420 

Customer relationships (15 years)

  18,540 

Intellectual property, trademarks & brands (15 years)

  13,650 

Goodwill

  17,803 

Total assets

  55,549 

Current liabilities

    

Accounts payable and accrued liabilities

  1,580 

Long-term liabilities

    

Deferred tax liability

  4,851 

Other liabilities

  3,750 

Total liabilities

  10,181 

Total net assets acquired

 $45,368 
  

Amount

 

Consideration

    

Shares

 $63,927 

Settlement of convertible notes receivable

  28,720 

Warrants assumed

  47 

Estimated fair value of HEXO stock-based compensation

  1,188 

Net assets acquired

    

Current assets

    

Cash and cash equivalents

  14,634 

Restricted cash

  1,657 

Accounts receivable

  7,855 

Asset held for sale

  755 

Prepaids and other current assets

  2,530 

Inventory

  27,495 

Long-term assets

    

Prepaid expenses

  8,384 

Capital assets

  70,782 

Intellectual property, trademarks & brands (15 years)

  2,000 

Interest in equity investee

  3,145 

Total assets

  139,237 

Current liabilities

    

Accounts payable and accrued liabilities

  45,355 

Total liabilities

  45,355 

Total net assets acquired

 $93,882 
  

Amount

 

Consideration

    

Cash consideration

 $74 

Investment in equity investees

  3,145 

Contingent consideration

  4,181 

Net assets acquired

    

Current assets

    

Cash and cash equivalents

  6,739 

Accounts receivable

  1,038 

Prepaids and other current assets

  78 

Inventory

  2,573 

Asset held for sale

  2,960 

Long-term assets

    

Intangible assets

  296 

Total assets

  13,684 

Current liabilities

    

Accounts payable and accrued liabilities

  5,408 

Other liabilities

  876 

Total liabilities

  6,284 

Total net assets acquired

  7,400