v3.26.1
Note 3 - Capital Assets
 9 Months Ended
Feb. 28, 2026
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

Note 3. Capital assets

 

Capital assets consisted of the following:

 

  February 28,  May 31, 
  2026  2025 

Land

 $45,535  $44,529 

Production facilities

  422,586   407,650 

Equipment

  278,873   280,585 

Leasehold improvements

  21,459   20,415 

Finance lease, right-of-use assets

  38,792   40,308 

Construction in progress

  12,187   11,241 
  $819,432  $804,728 

Less: accumulated amortization

  (276,424)  (236,295)

Total

 $543,008  $568,433 

    

Assets held for sale consisted of the following:

 

  

February 28,

  

May 31,

 
  

2026

  

2025

 

Production facilities

 $—  $5,800 

Equipment

  979   — 

Leasehold improvements

  493   — 

Operating lease, right-of-use assets

  977   — 

Total

 $2,449  $5,800 

 

During the three months ended  February 28, 2026, the Company classified the assets of Atwater Brewing, with a carrying value of $2,449 from its Beverage reporting unit, as assets held for sale. These assets were acquired on September 1, 2024 as part of the transaction referred to as “Craft Acquisition II.” Following management’s assessment of facility utilizations, it was determined that such assets would be held for sale. Assets held for sale are measured at the lower of carrying amount and the fair value less costs to sell and are no longer depreciated. Changes in the carrying amount are recorded in the consolidated statement of net loss and comprehensive loss. During the three months ended  February 28, 2026, the Company also completed the sale of the Fort Collins asset group. The loss on the disposition of assets held for sale are recorded in the consolidated statement of loss.