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Consolidated Statements of Income and Comprehensive Income - CAD ($)
$ in Thousands
12 Months Ended
May 31, 2019
May 31, 2018
Consolidated Statements of Income and Comprehensive Income    
Revenue from cannabis produced $ 86,348 $ 36,917
Distribution revenue 157,931  
Other revenue 3,035  
Excise taxes (10,204)  
Net revenue 237,110 36,917
Production costs 35,548 8,692
Cost of goods purchased 138,126  
Other costs of sales 898 313
Gross profit before fair value adjustments 62,538 27,912
Fair value adjustment on sale of inventory 27,724 10,327
Fair value adjustment on growth of biological assets (40,607) (23,302)
Gross profit 75,421 40,887
Operating expenses:    
General and administrative 69,752 13,901
Share-based compensation 26,080 17,874
Selling, marketing and promotion 27,971 11,873
Amortization 14,084 3,985
Research and development 1,391 490
Impairment 58,039  
Transaction costs 23,259 5,192
Total Operating expenses 220,576 53,315
Operating loss (145,155) (12,428)
Non-operating income 129,510 48,284
Income (loss) before income taxes (15,645) 35,856
Income taxes 854 6,408
Net income (loss) (16,499) 29,448
Other comprehensive loss    
Other comprehensive loss (119) (801)
Net comprehensive income (loss) (16,618) 28,647
Total comprehensive income (loss) is attributable to:    
Shareholders of Aphria Inc. (14,667) 28,867
Non-controlling interest $ (1,951) $ (220)
Weighted average number of common shares - basic 242,763,558 161,026,463
Weighted average number of common shares - diluted 242,763,558 165,914,000
Earnings (loss) per share - basic $ (0.07) $ 0.18
Earnings (loss) per share - diluted $ (0.07) $ 0.18