XML 37 R3.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Loss and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
May 31, 2021
May 31, 2020
May 31, 2019
Income Statement [Abstract]      
Net revenue $ 513,085 $ 405,326 $ 179,303
Cost of goods sold 389,903 309,273 135,792
Gross profit 123,182 96,053 43,511
Operating expenses:      
General and administrative 111,575 93,789 75,841
Selling 26,576 18,975 3,752
Amortization 35,221 15,138 9,550
Marketing and promotion 17,539 15,266 17,400
Research and development 830 1,916 1,052
Impairment   50,679 57,259
Transaction costs 63,612 4,299 17,588
Total operating expenses 255,353 200,062 182,442
Operating loss (132,171) (104,009) (138,931)
Finance income (expense), net (27,977) (19,371) 5,259
Non-operating (expense) income, net (184,838) 14,195 95,534
(Loss) income before income taxes (344,986) (109,185) (38,138)
Income taxes (recovery) (8,972) (8,352) (2,045)
Net (loss) income (336,014) (100,833) (36,093)
Total net income (loss) attributable to:      
Shareholders of Tilray Inc. (367,421) (102,540) (25,037)
Non-controlling interests 31,407 1,707 (11,056)
Other comprehensive (loss) income, net of tax      
Foreign currency translation (loss) gain 156,649 (858) (90)
Unrealized loss on convertible notes receivables (3,824) (5,476) (2,570)
Total other comprehensive (loss) income, net of tax 152,825 (6,334) (2,660)
Comprehensive (loss) income (183,189) (107,167) (38,753)
Total comprehensive income (loss) attributable to:      
Shareholders of Tilray Inc. (214,596) (108,874) (27,697)
Non-controlling interests $ 31,407 $ 1,707 $ (11,056)
Weighted average number of common shares - basic 269,549,852 216,158,217 203,460,138
Weighted average number of common shares - diluted 269,549,852 216,158,217 203,460,138
Earnings (Loss) per share - basic $ (1.25) $ (0.47) $ (0.18)
Earnings (Loss) per share - diluted $ (1.25) $ (0.47) $ (0.18)