v3.26.1
Note 7 - Business Acquisitions
 9 Months Ended
Feb. 28, 2026
Notes to Financial Statements  
Business Combination [Text Block]

Note 7. Business acquisitions

  

Acquisition of Craft Beverage Business Portfolio II

 

Effective  September 1, 2024, the Company acquired four craft beer brands and breweries from Molson Coors Beverage Company (“Molson”) including Atwater Brewery, Hop Valley Brewing Company, Terrapin Beer Co., and Revolver Brewing (the “Craft Acquisition II”). The purpose of the acquisition was to continue broadening Tilray's beverage brand strategy. In consideration for the acquisition, the Company paid a total purchase price of $22,979 in cash, which was subject to certain customary post-closing working capital adjustments.

 

The table below summarizes the fair value of the assets acquired and the liabilities assumed for the Craft Acquisition II at the effective acquisition date as follows: 

 

  

Amount

 

Consideration

    

Cash consideration

 $22,979 

Net assets acquired

    

Current assets

    

Cash and cash equivalents

  4,869 

Accounts receivable

  1,993 

Inventory

  6,844 

Prepaids and other current assets

  185 

Long-term assets

    

Capital assets

  20,916 

Finance lease, right-of-use assets

  1,869 

Operating lease, right-of-use assets

  1,884 

Total assets

  38,560 

Current liabilities

    

Accounts payable and accrued liabilities

  11,828 

Current portion of finance lease liabilities

  354 

Current portion of operating lease liabilities

  564 

Long - term liabilities

    

Finance lease liabilities

  1,515 

Operating lease liabilities

  1,320 

Total liabilities

  15,581 

Total net assets acquired

  22,979 

 

In the event that the Craft Acquisition II had occurred on June 1, 2024, the Company would have had, on an unaudited proforma basis, additional net revenue of approximately $nil and $nil for the three and nine months ended February 28, 2026 and approximately $nil and $13,700 for the three and nine months ended February 28, 2025, respectively, and its consolidated net loss and comprehensive net loss would have increased by approximately $nil and $nil for the three and nine months ended February 28, 2026 and approximately $nil and $4,000 for the three and nine months ended February 28, 2025, respectively. This unaudited pro forma financial information does not reflect the realization of any expected ongoing synergies relating to the integration of the Craft Acquisition II.