Income Taxes (Tables)

12 Months Ended

Mar. 31, 2023

Income Tax Disclosure [Abstract]

Summary of Net Loss Before Income Taxes

Net loss before income taxes was generated as follows:

	Years ended
	March 31,			March 31,			March 31,
	2023			2022			2021
				(As Restated)
Domestic - Canada	$	(2,513,026	)	$	(173,970	)	$	(1,611,210	)
Foreign - outside of Canada		(801,294	)		(165,545	)		(72,751	)
	$	(3,314,320	)	$	(339,515	)	$	(1,683,961	)

Summary of Income Tax Recovery (Expense)

The income tax recovery (expense) consists of the following:

	Years ended
	March 31,			March 31,		March 31,
	2023			2022		2021
Current
Domestic - Canada	$	4,783		$	895	$	(19,318	)
Foreign - outside of Canada		(676	)		1,476		(2,091	)
	$	4,107		$	2,371	$	(21,409	)
Deferred
Domestic - Canada	$	(3,603	)	$	6,353	$	36,505
Foreign - outside of Canada		4,270			224		(1,955	)
		667			6,577		34,550
Income tax recovery	$	4,774		$	8,948	$	13,141

Summary of Reconciliation of Amount of Income Taxes Compared to Expected Income Taxes Calculated at Combined Federal and Provincial Enacted Statutory Tax Rate

A reconciliation of the amount of income taxes reflected above compared to the expected income taxes calculated at the combined Canadian federal and provincial enacted statutory tax rate of 26.5% for each of the three years ended March 31, 2023, 2022 and 2021 is as follows:

	Years ended
	March 31,			March 31,			March 31,
	2023			2022			2021
				(As Restated)
Net loss before income taxes	$	(3,314,320	)	$	(339,515	)	$	(1,683,961	)
Expected tax rate		26.5	%		26.5	%		26.5	%
Expected income tax recovery		878,295			89,971			446,250
Non-deductible and non-taxable items		(29,385	)		17,557			81,883
Fair value changes on Acreage Arrangement		12,386			146,545			(105,960	)
Fair value changes on warrant derivative liability		6,294			155,964			(77,663	)
Settlement of unsecured senior notes		(14,862	)		-			-
Share-based compensation		(2,126	)		(9,908	)		(21,121	)
Goodwill impairment		(473,702	)		-			-
Change in valuation allowance		(313,583	)		(363,954	)		(358,964	)
Effect of tax rates outside of Canada		(4,596	)		8,459			10,870
Non-taxable portion of capital gains and losses		(48,573	)		(38,440	)		38,705
Other		(5,374	)		2,754			(859	)
Income tax recovery	$	4,774		$	8,948		$	13,141

Summary of Significant Compenents of Deferred Income Tax Assets (Liabilities)

Significant components of deferred income tax assets (liabilities) consist of the following:

	Years ended
	March 31,			March 31,
	2023			2022
				(As Restated)
Deferred income tax assets
Property, plant and equipment	$	104,043		$	78,023
Intangible assets		11,202			671
Inventory reserves and write-downs		18,749			40,324
Other reserves and accruals		10,554			5,939
Losses carried forward		1,142,607			919,955
Equity method investments and other financial assets		72,881			10,512
Deferred financing costs		4,597			2,740
Other		10,415			5,635
Gross deferred income tax assets		1,375,048			1,063,799
Valuation allowances		(1,355,385	)		(1,041,802	)
Total deferred income tax assets, net	$	19,663		$	21,997
Deferred income tax liabilities
Property, plant and equipment	$	(3,475	)	$	(4,182	)
Intangible assets		(15,200	)		(29,832	)
Deferred financing costs		(1,345	)		(3,353	)
Other		-			(621	)
Total deferred income tax liabilities		(20,020	)		(37,988	)
Net deferred income tax liabilities	$	(357	)	$	(15,991	)

Summary of Losses Carried Forward Available to Reduce Future Years' Taxable Income

As at March 31, 2023, the Company has the following losses carried forward available to reduce future years’ taxable income, which losses expire as follows:

Expiring within 5 years	$	-
Expiring between 5 and 10 years		3,321
Expiring between 10 and 15 years		367,213
Expiring between 15 and 20 years		2,829,026
Indefinite		510,831
	$	3,710,391

Total in Canada	$	3,195,923
Total in United States		451,258
Total in Europe		58,731
Total in other jurisdictions		4,479
	$	3,710,391

Total operating losses	$	3,710,391
Total capital losses (carried forward indefinitely)		1,177,195
	$	4,887,586