Convertible Debt (Tables)

9 Months Ended

Jul. 31, 2022

Financial Instruments [Abstract]

Summary of Convertible Debt

	July 31, 2022	October 31, 2021
	$	$
Principal of convertible note at beginning of period	100,000,000	—
Issuance of convertible notes	5,923,518	100,000,000
Principal of convertible note at end of period	105,923,518	100,000,000
Conversion feature at beginning of period	29,028,938	—
Conversion feature issued	—	27,681,043
Fair value (gain) loss on embedded derivative	(16,744,434)	1,347,895
Conversion feature at end of period	12,284,504	29,028,938
Debt component at beginning of period	71,848,900	—
Debt component issued	5,923,518	72,318,957
Transaction costs	—	(1,599,737)
Accrued interest paid in kind	(5,923,518)	—
Accrued interest expense	8,210,220	1,129,680
Debt component at end of period	80,059,120	71,848,900
Total Convertible Debt at end of period	92,343,624	100,877,838

Summary of assumptions used in stock option pricing

The assumptions used in the model were as follows:

	September 29, 2021 (issuance date)	October 31, 2021	July 31, 2022
Risk free interest rate	1.06%	1.23%	2.77%
Expected life of options	5 years	4.92 years	4.17 years
Expected dividend yield	0.0%	0.0%	0.0%
Expected stock price volatility	66%	62%	65%
Share Price	12.56	12.94	7.19