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Consolidated Statements of Loss and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Aug. 31, 2023
Aug. 31, 2022
Net revenue $ 176,949 $ 153,211
Cost of goods sold 132,753 104,597
Gross profit 44,196 48,614
Operating expenses:    
General and administrative 40,516 40,508
Selling 6,859 9,671
Amortization 22,225 24,359
Marketing and promotion 8,535 7,248
Research and development 79 166
Change in fair value of contingent consideration (11,107) 211
Litigation costs 2,034 445
Restructuring costs 915 0
Transaction (income) costs 8,502 (12,816)
Total operating expenses 78,558 69,792
Operating loss (34,362) (21,178)
Interest expense, net (9,835) (4,413)
Non-operating income (expense), net (4,402) (32,992)
Loss before income taxes (48,599) (58,583)
Income tax expense 7,264 7,211
Net loss (55,863) (65,794)
Total net income (loss) attributable to:    
Stockholders of Tilray Brands, Inc. (71,525) (73,482)
Non-controlling interests 15,662 7,688
Other comprehensive gain (loss), net of tax    
Foreign currency translation gain (loss) 3,209 (60,292)
Unrealized gain (loss) on convertible notes receivable 0 (2,525)
Total other comprehensive loss, net of tax 3,209 (62,817)
Comprehensive loss (52,654) (128,611)
Total comprehensive income (loss) attributable to:    
Stockholders of Tilray Brands, Inc. (68,476) (132,450)
Non-controlling interests $ 15,822 $ 3,839
Weighted average number of common shares - basic (in shares) 691,189,382 575,301,374
Weighted average number of common shares - diluted (in shares) 691,189,382 575,301,374
Net loss per share - basic (in dollars per share) $ (0.10) $ (0.13)
Net loss per share - diluted (in dollars per share) $ (0.10) $ (0.13)