Nature of Business and Significant Accounting Policies (Tables)
|
6 Months Ended |
Nov. 30, 2024 |
|---|
| Nature of Business and Significant Accounting Policies (Tables) [Line Items] |
|
| Property, Plant and Equipment [Table Text Block] |
Property, plant and equipment consisted of the following at November 30, 2024 and May 31, 2024:
| |
|
November 30,
2024
|
|
|
May 31,
2024
|
|
|
Office equipment
|
|
$ |
163,126 |
|
|
$ |
163,126 |
|
|
Furniture and fixtures
|
|
|
149,478 |
|
|
|
148,358 |
|
|
Machinery & Equipment
|
|
|
2,522,795 |
|
|
|
2,519,455 |
|
|
Leasehold improvements
|
|
|
2,922,156 |
|
|
|
2,911,164 |
|
|
Less: accumulated depreciation
|
|
|
(3,572,740 |
) |
|
|
(3,318,550 |
) |
|
Property, plant, and equipment, net
|
|
$ |
2,184,815 |
|
|
$ |
2,423,553 |
|
|
| Disaggregation of Revenue [Table Text Block] |
The following table represents a disaggregation of revenue for the three and six months ended November 30, 2024 and 2023:
| |
|
For the Three
|
|
|
For the Three
|
|
| |
|
Months Ended
|
|
|
Months Ended
|
|
| |
|
November 30, 2024
|
|
|
November 30, 2023
|
|
|
Cannabis Dispensary
|
|
|
2,706,856 |
|
|
|
3,104,064 |
|
|
Cannabis Production
|
|
|
1,454,414 |
|
|
|
2,093,150 |
|
| |
|
$ |
4,161,270 |
|
|
$ |
5,197,214 |
|
| |
|
For the Six
|
|
|
For the Six
|
|
| |
|
Months Ended
|
|
|
Months Ended
|
|
| |
|
November 30, 2024
|
|
|
November 30, 2023
|
|
|
Cannabis Dispensary
|
|
|
5,773,932 |
|
|
|
6,412,606 |
|
|
Cannabis Production
|
|
|
3,192,503 |
|
|
|
3,899,135 |
|
| |
|
$ |
8,966,435 |
|
|
$ |
10,311,741 |
|
|
| Estimated Useful LIfe [Member] |
|
| Nature of Business and Significant Accounting Policies (Tables) [Line Items] |
|
| Property, Plant and Equipment [Table Text Block] |
Property and equipment is recorded at the lower of cost or estimated net recoverable amount, and is depreciated using the straight-line method over its estimated useful life. Property acquired in a business combination is recorded at estimated initial fair value. Property, plant, and equipment are depreciated using the straight-line method based on the lesser of the estimated useful lives of the assets or the lease term based upon the following life expectancy: | | | Years | | | Office equipment | | | 3 to 5 | | | Furniture & fixtures | | | 3 to 7 | | | Machinery & equipment | | | 3 to 10 | | | Leasehold improvements | | Term of lease | |
|