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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2019	Aug. 13, 2019
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Trading Symbol	TLRY
Entity Registrant Name	Tilray, Inc.
Entity Central Index Key	0001731348
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	true
Entity Small Business	true
Entity Ex Transition Period	false
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity File Number	001-38594
Entity Tax Identification Number	824310622
Entity Address, Address Line One	1100 Maughan Road
Entity Address, City or Town	Nanaimo
Entity Address, State or Province	BC
Entity Address, Country	Canada
Entity Address, Postal Zip Code	V9X IJ2
City Area Code	844
Local Phone Number	845-7291
Class 1 Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		16,666,667
Class 2 Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		80,978,296

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Current assets
Cash and cash equivalents	$ 184,551	$ 487,255
Short-term investments	36,323	30,335
Accounts receivable, net of allowance for doubtful accounts of $1,854 and $292, respectively	24,612	16,525
Other receivables	1,195	969
Inventory	75,317	16,211
Prepaid expenses and other current assets	36,633	3,007
Total current assets	358,631	554,302
Property and equipment, net	147,558	80,214
Intangible assets, net	331,983	4,486
Goodwill	154,954
Investments	23,195	16,911
Deposits and other assets	7,810	754
Total assets	1,024,131	656,667
Current liabilities
Accounts payable	24,368	10,649
Accrued expenses and other current liabilities	151,288	14,818
Accrued obligations under capital lease	252	470
Total current liabilities	175,908	25,937
Accrued obligations under capital lease	9,032	8,286
Deferred tax liability	53,624	4,424
Convertible Notes, net of issuance cost	425,400	420,367
Total liabilities	663,964	459,014
Stockholders’ equity
Additional paid-in capital	526,830	302,057
Accumulated other comprehensive income	6,858	3,763
Accumulated deficit	(173,531)	(108,177)
Total stockholders’ equity	360,167	197,653
Total liabilities and stockholders’ equity	1,024,131	656,667
Class 1 common stock [Member]
Stockholders’ equity
Common stock value	2	2
Class 2 common stock [Member]
Stockholders’ equity
Common stock value	$ 8	$ 8

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Allowance for Doubtful Accounts Receivable	$ 1,854	$ 292
Class 1 common stock [Member]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares issued	16,666,667	16,666,667
Common stock, shares outstanding	16,666,667	16,666,667
Class 2 common stock [Member]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	80,690,864	76,504,200
Common stock, shares outstanding	80,690,864	76,504,200

Condensed Consolidated Statements of Net Loss and Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenue	$ 45,904	$ 9,744	$ 68,942	$ 17,552
Cost of sales	33,631	5,567	51,284	9,479
Gross profit	12,273	4,177	17,658	8,073
General and administrative expenses	16,465	5,342	29,262	9,487
Sales and marketing expenses	14,366	3,305	22,187	5,568
Depreciation and amortization expense	2,385	281	4,248	503
Stock-based compensation expense	7,585	5,601	12,891	5,632
Research and development expenses	1,528	639	2,576	1,614
Acquisition and integration expenses	2,464		6,888
Operating loss	(32,520)	(10,991)	(60,394)	(14,731)
Foreign exchange (gain) loss, net	(1,611)	1,358	(1,432)	2,504
Interest expense, net	8,586	497	17,331	913
Other income, net	(2,035)	(76)	(4,380)	(197)
Loss before income taxes	(37,248)	(12,770)	(71,566)	(17,951)
Deferred income tax recovery	(2,642)		(6,419)
Current income tax expense	447	63	207	63
Net loss	$ (35,053)	$ (12,833)	$ (65,354)	$ (18,014)
Net loss per share - basic and diluted	$ (0.36)	$ (0.17)	$ (0.68)	$ (0.24)
Weighted average shares used in computation of net loss per share - basic and diluted	97,231,839	75,000,000	96,037,142	75,000,000
Net loss	$ (35,053)	$ (12,833)	$ (65,354)	$ (18,014)
Foreign currency translation gain (loss)	2,924	(86)	2,449	(87)
Unrealized (loss) gain on cash equivalents and investments	(762)		646
Other comprehensive income (loss)	2,162	(86)	3,095	(87)
Comprehensive loss	(32,891)	$ (12,919)	(62,259)	$ (18,101)
ABG Intermediate Holdings Two LLC
Finance income from ABG Profit Participation Arrangement	$ (212)		$ (347)

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Natura [Member]	Manitoba Harvest [Member]	ABG [Member]	Convertible Preferred Shares [Member]	Common Stock [Member]	Common Stock [Member] Natura [Member]	Common Stock [Member] Manitoba Harvest [Member]	Common Stock [Member] ABG [Member]	Additional Paid-In Capital [Member]	Additional Paid-In Capital [Member] Natura [Member]	Additional Paid-In Capital [Member] Manitoba Harvest [Member]	Additional Paid-In Capital [Member] ABG [Member]	Accumulated Other Comprehensive Income [Member]	Accumulated Deficit [Member]
Beginning Balance at Dec. 31, 2017	$ (4,852)				$ 0					$ 31,736				$ 3,866	$ (40,454)
Shares issued for convertible preferred stock, net of issuance costs	52,640				$ 1					52,639
Shares issued for convertible preferred stock, net of issuance costs, Shares					7,794,042
Shares issued for common stock, net of issuance costs	8					$ 8
Shares issued for common stock, net of issuance costs, Shares						75,000,000
Stock-based compensation expense	31									31
Other comprehensive income (loss)	(1)													(1)
Net loss	(5,181)														(5,181)
Ending Balance at Mar. 31, 2018	42,645				$ 1	$ 8				84,406				3,865	(45,635)
Ending Balance, Shares at Mar. 31, 2018					7,794,042	75,000,000
Beginning Balance at Dec. 31, 2017	(4,852)				$ 0					31,736				3,866	(40,454)
Other comprehensive income (loss)	(87)
Net loss	(18,014)
Ending Balance at Jun. 30, 2018	35,327				$ 1	$ 8				90,007				3,779	(58,468)
Ending Balance, Shares at Jun. 30, 2018					7,794,042	75,000,000
Beginning Balance at Mar. 31, 2018	42,645				$ 1	$ 8				84,406				3,865	(45,635)
Beginning Balance, Shares at Mar. 31, 2018					7,794,042	75,000,000
Stock-based compensation expense	5,601									5,601
Other comprehensive income (loss)	(86)													(86)
Net loss	(12,833)														(12,833)
Ending Balance at Jun. 30, 2018	35,327				$ 1	$ 8				90,007				3,779	(58,468)
Ending Balance, Shares at Jun. 30, 2018					7,794,042	75,000,000
Beginning Balance at Dec. 31, 2018	197,653					$ 10				302,057				3,763	(108,177)
Beginning Balance, Shares at Dec. 31, 2018						93,170,867
Shares issued value		$ 15,100	$ 96,844	$ 125,097							$ 15,100	$ 96,844	$ 125,097
Shares issued, shares							180,332	1,209,946	1,680,214
Receivable for ABG Profit Participation Arrangement, net of finance income				$ (30,292)									$ (30,292)
Shares issued under stock-based compensation plans	931									931
Shares issued under stock-based compensation plans, shares						545,000
Shares issued for employee compensation	649									649
Shares issued for employee compensation, shares						11,868
Stock-based compensation expense	5,306									5,306
Other comprehensive income (loss)	933													933
Net loss	(30,301)														(30,301)
Ending Balance at Mar. 31, 2019	381,920					$ 10				515,692				4,696	(138,478)
Ending Balance, Shares at Mar. 31, 2019						96,798,227
Beginning Balance at Dec. 31, 2018	197,653					$ 10				302,057				3,763	(108,177)
Beginning Balance, Shares at Dec. 31, 2018						93,170,867
Other comprehensive income (loss)	3,095
Net loss	(65,354)
Ending Balance at Jun. 30, 2019	360,167					$ 10				526,830				6,858	(173,531)
Ending Balance, Shares at Jun. 30, 2019						97,357,531
Beginning Balance at Mar. 31, 2019	381,920					$ 10				515,692				4,696	(138,478)
Beginning Balance, Shares at Mar. 31, 2019						96,798,227
Shares issued value	70									70
Shares issued, shares						28,361
Shares issued under stock-based compensation plans	3,483									3,483
Shares issued under stock-based compensation plans, shares						530,943
Stock-based compensation expense	7,585									7,585
Other comprehensive income (loss)	2,162													2,162
Net loss	(35,053)														(35,053)
Ending Balance at Jun. 30, 2019	$ 360,167					$ 10				$ 526,830				$ 6,858	$ (173,531)
Ending Balance, Shares at Jun. 30, 2019						97,357,531

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019	Jun. 30, 2018
Operating activities
Net loss	$ (35,053)	$ (65,354)	$ (18,014)
Adjusted for the following items:
Foreign currency (gain) loss		(88)	2,450
Provision for doubtful accounts		795
Inventory write-downs	201	525	703
Depreciation and amortization expense		5,755	1,148
Stock-based compensation expense	7,585	12,891	5,632
Non-cash interest expense		141	509
Loss (gain) on disposal of property and equipment, net		112	(2)
Deferred taxes	(2,642)	(6,419)
Amortization of discount on Convertible Notes		5,033
Changes in non-cash working capital:
Accounts receivable		(1,993)	(840)
Other receivables		(226)	(2,701)
Inventory		(38,729)	(428)
Prepaid expenses and other current assets		(31,963)	(1,033)
Accounts payable		692	8,019
Due to related parties		(852)
Accrued expenses and other current liabilities		9,453	1,652
Net cash used in operating activities		(110,227)	(2,905)
Investing activities
Investment in joint venture with AB InBev		(6,134)
Change in deposits and other assets		314	(23)
Purchases of short-term and non-current investments		(8,380)	(29,394)
Proceeds from sale and maturities of short-term investments			29,393
Purchases of property and equipment		(26,263)	(28,237)
Disposals of property and equipment			11
Purchases of intangible assets		(367)	(703)
Net cash used in investing activities		(198,577)	(28,953)
Financing activities
Advances under Privateer debt and construction facilities			3,810
Minimum lease payments under capital lease		(377)	(339)
Proceeds from ABG Profit Participation Arrangement		1,667
Proceeds from exercise of stock options		4,414
Proceeds from issuance of convertible preferred stock, net			52,557
Net cash provided by financing activities		5,704	56,028
Effect of foreign currency translation on cash and cash equivalents		396	(1,162)
(Decrease) increase in cash and cash equivalents		(302,704)	23,008
Cash and cash equivalents, beginning of period		487,255	2,323
Cash and cash equivalents, end of period	184,551	184,551	25,331
Supplemental Disclosure for Cash Flow Information
Cash paid for interest		11,779	$ 573
Non-cash investing activities
Acquisition of investments		70
Manitoba Harvest
Operating activities
Net loss	(2,692)	(4,868)
Changes in non-cash working capital:
Inventory	(20)
Accounts payable	321
Accrued expenses and other current liabilities	$ (147)
Investing activities
Acquisition of Manitoba Harvest, net of cash acquired		(109,331)
Non-cash investing activities
Acquisition of Manitoba Harvest		195,407
Natura
Investing activities
Acquisition of Manitoba Harvest, net of cash acquired		(15,083)
Non-cash investing activities
Acquisition of Manitoba Harvest		38,980
Investment In ABG [Member]
Investing activities
Investment in ABG Profit Participation Arrangement		(33,333)
Non-cash investing activities
Investment in ABG Profit Participation Arrangement, net of receivable		$ 94,805

Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2019

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

1.	Summary of Significant Accounting Policies

Basis of presentation

The accompanying unaudited condensed consolidated financial statements (the “financial statements”) reflect the accounts of Tilray, Inc. and its wholly owned subsidiaries (collectively “Tilray”, the “Company”, “we”, “our”, or “us”). The financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”) for interim financial information. Accordingly, these financial statements do not include all the information and footnotes required for annual financial statements and should be read in conjunction with the audited consolidated financial statements included in the Company’s annual report on Form 10-K for the year ended December 31, 2018 (the “Annual Financial Statements”).

These financial statements reflect all adjustments, consisting solely of normal recurring adjustments, which, in the opinion of management, are necessary for a fair presentation of the Company’s financial position and results of operations. The results of operations for the three and six months ended June 30, 2019 and 2018 are not necessarily indicative of results that can be expected for the full year.

The Condensed Consolidated Statement of Net Loss and Comprehensive Loss for the three and six months ended June 30, 2018 were reclassified to conform to the current year’s presentation. Specifically, depreciation and amortization expense as well as acquisition and integration expenses, which were formerly presented as part of general and administrative expenses, are now presented separately.

Other than as described below, there have been no changes to our significant accounting policies described in our Annual Financial Statements that had a material impact on our financial statements and related notes.

Emerging growth company status

The Company is an emerging growth company under the JOBS Act and has elected to take advantage of the extended transition period for complying with new or revised accounting standards applicable to public companies. Because the market value of our Class 2 common stock held by non-affiliates exceeded $700 million as of June 30, 2019, we will be deemed a large accelerated filer under the Exchange Act and will lose emerging growth company status as of December 31, 2019.

Business combinations and goodwill

The Company accounts for business combinations using the acquisition method in accordance with ASC 805 “Business Combinations,” which requires recognition of assets acquired and liabilities assumed, including contingent assets and liabilities, at their respective fair values on the date of acquisition. Any excess of the purchase consideration over the net fair value of tangible and identified intangible assets acquired less liabilities assumed is recorded as goodwill. The costs of business acquisitions, including fees for accounting, legal, professional consulting and valuation specialists, are expensed as incurred. Purchase price allocations may be preliminary and, during the measurement period not to exceed one year from the date of acquisition, changes in assumptions and estimates that result in adjustments to the fair value of assets acquired and liabilities assumed are recorded in the period the adjustments are determined.

For business combinations achieved in stages, the Company’s previously held interest in the acquiree is remeasured at its acquisition date fair value, with the resulting gain or loss recorded in the Consolidated Statements of Net Loss and Comprehensive Loss. For a pre-existing relationship between the Company and acquiree that is not extinguished on the business combination, such a relationship is considered effectively settled as part of the business combination even if it is not legally cancelled. At the acquisition date, it becomes an intercompany relationship and is eliminated upon consolidation.

The estimated fair value of acquired assets and assumed liabilities are determined primarily by using a discounted cash flow approach, with estimated cash flows discounted at a rate that the Company believes a market participant would determine to be commensurate with the inherent risks associated with the asset and related estimated cash flow streams. Contingent consideration in a business combination is remeasured at fair value each reporting period until the contingency is resolved and any change in the fair value from either the passage of time or events occurring after the acquisition date, is recorded within other (income) expense, net on the Consolidated Statements of Net Loss and Comprehensive Loss.

Intangible assets

The Company records intangible assets acquired at cost, net of accumulated amortization and accumulated impairment losses, if any. Cost is measured based on the fair values of cash consideration paid and equity interests issued. The cost of an intangible asset acquired in a business combination is its acquisition date fair value.

Amortization of definite life intangible assets is calculated on a straight-line basis over the estimated useful lives of the assets as follows:


Customer relationships		14 to 16 years
Developed technology		10 years
Website		3 years
Supply contract		3 years
Licenses		2 years

The Company has rights under the ABG Profit Participation Arrangement, trademarks and a cultivation license with indefinite life. Intangible assets that are determined to have an indefinite life are not amortized, but tested for impairment annually or more frequently when indicators of impairment exist. If the carrying value of an individual indefinite-lived intangible asset exceeds its fair value, such individual indefinite-life intangible asset is impaired by the amount of the excess.

Equity method investments

Investments in entities over which the Company has significant influence but not a controlling interest are accounted for using the equity method, with the Company’s share of earnings or losses reported in (gain) loss on equity method investments on the Consolidated Statements of Net Loss and Comprehensive Loss. The equity method investment is recorded at cost, plus the Company’s share of undistributed earnings or losses.

The Company assesses investment in equity method investments if there is reason to believe an impairment may have occurred including, but not limited to, ongoing operating losses, projected decreases in earnings, increases in the weighted-average cost of capital, or significant business disruptions. The significant assumptions used to estimate fair value include revenue growth and profitability, capital spending, depreciation and taxes, foreign currency exchange rates, and a discount rate. By their nature, these projections and assumptions are uncertain. If it is determined that the current fair value of an investment is less than the carrying value of the investment, the Company will assess if the shortfall is of a temporary or permanent nature and write down the investment to its fair value if it is concluded the impairment is other than temporary.

Stock-based payments

Fully vested, non-forfeitable equity instruments issued to parties other than employees are measured on the date they are issued where there is no specific performance required by the grantee to retain those equity instruments. Stock-based payment transactions with non-employees are measured at the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable. Where fully vested, non-forfeitable equity instruments are granted to parties other than employees in exchange for notes or financing receivable, the note or receivable is presented in additional paid-in capital on the Consolidated Balance Sheets.

Impairment of goodwill and indefinite life intangible assets

Goodwill and indefinite life intangible assets are tested for impairment annually, or more frequently when events or circumstances indicate that impairment may have occurred. As part of the impairment evaluation, the Company may elect to perform an assessment of qualitative factors. If this qualitative assessment indicates that it is more likely than not that the fair value of the indefinite-lived intangible asset or the reporting unit (for goodwill) is less than its carrying value, a quantitative impairment test to compare the fair value to the carrying value and record an impairment charge if the carrying value exceeds the fair value is conducted.

Significant estimates and judgments

The preparation of the Company’s financial statements requires management to make estimates, assumptions and judgments that affect the reported amounts of revenue, expenses, assets, liabilities, accompanying disclosures and the disclosure of contingent liabilities. These estimates and judgments are subject to change based on experience and new information. Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amounts of assets or liabilities affecting future periods. Estimates and judgments are reviewed on an ongoing basis. Revisions to estimates are recognized prospectively. Financial statement areas that require significant estimates and judgments are as follows:

Business combinations – The Company uses judgment in applying the acquisition method of accounting for business combinations and estimates to value identifiable assets and liabilities at the acquisition date. Estimates are used to determine cash flow projections, including the period of future benefit, and future growth and discount rates, among other factors. The values allocated to the acquired assets and liabilities assumed affect the amount of goodwill recorded on acquisition. Fair value is typically estimated using the present value of future discounted cash flows, an income approach. Significant estimates in the discounted cash flow model primarily include the discount rate, rates of future revenue growth and profitability of the acquired business, and working capital effects. The discount rate considers the relevant risk associated with business-specific characteristics and the uncertainty related to the ability to achieve the projected cash flows. These estimates and the resulting valuations require significant judgment.

Contingent consideration – Contingent consideration is subject to measurement uncertainty as the financial impact will only be confirmed by the outcome of a future event. The assessment of contingent consideration involves a significant amount of judgment, including determining a reliable estimate of the amount of cash outflow required to settle the obligation based on significant unobservable inputs as well as estimates around the probability and timing of satisfying the future events on which the contingent consideration is based.

Asset impairment – Asset impairment tests require the allocation of assets to asset groups, which requires significant judgment and interpretation with respect to the integration between the assets and shared resources. Asset impairment tests require the determination of whether there is an indication of impairment. The assessment of whether an indication of impairment exists is performed at the end of each reporting period and requires the application of judgment, historical experience, and external and internal sources of information.

Stock-based payments – Stock-based payment transactions are measured and recognized based on estimated fair value, which requires judgment in determining the appropriate valuation model and assumptions, including discount for shares not registered with the Securities Exchange Commission (“SEC”) subject to transfer restrictions.

Imputed interest for loans receivable – In connection with the loans obtained as part of the ABG Profit Participation Arrangement, judgment is required to estimate the prevailing market interest rate at each time a loan is issued.

New accounting pronouncements not yet adopted

In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606), a new standard on revenue recognition. Further, the FASB issued a number of additional ASUs regarding the new revenue recognition standard. The new standard, as amended, will supersede existing revenue recognition guidance and apply to all entities that enter into contracts to provide goods or services to customers. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers – Deferral of the Effective Date, which amends ASU 2014-09 to defer the effective date by one year. For public companies, the new standard is effective for annual reporting periods beginning after December 31, 2017, including interim periods within that reporting period. For all other entities, including emerging growth companies, this standard is effective for annual reporting periods beginning after December 15, 2018, and interim reporting periods within annual reporting periods beginning after December 15, 2019. The Company is evaluating the impact on the financial statements and expects to implement the provisions of ASU 2014-09 for the annual financial statements for the year ended December 31, 2019.

In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10) – Recognition and Measurement of Financial Assets and Financial Liabilities, which requires all investments in equity securities with readily determinable fair value to be measured at fair value with changes in the fair value recognized through net income (other than those accounted for under the equity method of accounting or those that result in consolidation of the investee). ASU 2016-01 is intended to enhance the reporting model for financial instruments to provide users of financial statements with more decision-useful information and removes the requirement to disclose the methods and significant assumptions used to estimate the fair value for financial instruments measured at amortized cost on the balance sheet. For public companies, the new standard is effective for annual periods beginning after December 15, 2017, including interim periods within the fiscal year. For all other entities, including emerging growth companies, ASU 2016-01 is effective for annual periods beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2019. The Company is evaluating the impact on the financial statements and expects to implement the provisions of ASU 2016-01 for the annual financial statements for the year ended December 31, 2019.

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which supersedes the current accounting for leases and while retaining two distinct types of leases, finance and operating, (1) requires lessees to record a right of use asset and a related liability for the rights and obligations associated with a lease, regardless of lease classification, and recognize lease expense in a manner similar to current accounting, (2) eliminates most real estate specific lease provisions, and (3) aligns many of the underlying lessor model principles with those in the new revenue standard. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. For public companies, the new standard is effective for annual and interim periods in fiscal years beginning after December 15, 2018. For all other entities, including emerging growth companies, this standard is effective for annual reporting periods beginning after December 15, 2019, and interim periods within fiscal years beginning after December 2020. Earlier application is permitted. The Company is evaluating the impact on the financial statements and expects to implement the provisions of ASU 2016-02 for the annual financial statements for the year ended December 31, 2019.

In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. Adoption of ASU 2016-13 will require financial institutions and other organizations to use forward-looking information to better formulate their credit loss estimates. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. This update will be effective for fiscal years beginning after December 15, 2020 and interim periods within fiscal years beginning after December 15, 2021. The Company is evaluating the impact on the financial statements and expects to implement the provisions of ASU 2016-13 for the annual financial statements for the year ended December 31, 2021.

In August 2018, the FASB issued ASU 2018-13, Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement (Topic 820). ASU 2018-13 adds, modifies, and removes certain fair value measurement disclosure requirements. ASU 2018-13 is effective for annual and interim periods beginning after December 15, 2019. Early adoption is permitted. The Company is currently evaluating the impact on the financial statements and expects to implement the provisions of ASU 2018-13 as of January 1, 2020.

Investments

6 Months Ended

Jun. 30, 2019

Investments Debt And Equity Securities [Abstract]

Investments

2.	Investments

The classification of investment in securities reported in long-term investments on the Condensed Consolidated Balance Sheets is summarized as follows:

	June 30, 2019		December 31, 2018
Investment in securities under available-for-sale method	$	4,799	$	1,845
Investment in securities under the cost method		12,262		15,066
Investment in joint venture under the equity method		6,134		—
Total investment in securities	$	23,195	$	16,911

As of June 30, 2019, total unrealized loss recognized in accumulated other comprehensive income related to long-term available-for-sale equity securities from initial recognition was $226 (December 31, 2018 – $802).

As of June 30, 2019, the investment in joint venture under the equity method relates to the Company’s joint venture with Anheuser-Busch InBev (“AB InBev”) entered in December 2018 to research and develop non-alcohol beverages containing cannabis. Under the terms of the arrangement, the Company and AB InBev each have 50% ownership and 50% voting interest. During the three months ended June 30, 2019, the Company contributed $6,134 to the joint venture.

Fair Value Measurement

6 Months Ended

Jun. 30, 2019

Fair Value Disclosures [Abstract]

Fair Value Measurement

3.	Fair Value Measurement

The Company complies with ASC 820, Fair Value Measurements, for its financial assets and liabilities that are re-measured and reported at fair value at each reporting period, and non-financial assets and liabilities that are re-measured and reported at fair value at least annually. In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities. Fair values determined by Level 2 inputs utilize data points that are observable such as quoted prices, interest rates and yield curves. Fair values determined by Level 3 inputs are unobservable data points for the asset or liability, and includes situations where there is little, if any, market activity for the asset or liability.

The following table presents information about the Company’s assets that are measured at fair value on a recurring basis as of June 30, 2019 and December 31, 2018, and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value:

	Quoted prices
	in active
	markets for		Other		Significant
	identical		observable		unobservable
	assets		inputs		inputs
	(Level 1)		(Level 2)		(Level 3)			Total
June 30, 2019
Cash equivalents	$	136,479	$	—	$	—		$	136,479
Investments
Money market fund		36,323		—		—			36,323
Investment in equity securities under available-for-sale method		3,669		—		—			3,669
Investment in debt securities under available-for-sale method		—		1,130		—			1,130
Total investments		39,992		1,130		—			41,122
Contingent consideration		—		—		(49,581	)		(49,581	)
Total	$	176,471	$	1,130	$	(49,581	)	$	128,020

December 31, 2018
Cash equivalents	$	203,761	$	—	$	—		$	203,761
Investments
Treasury bills		30,335		—		—			30,335
Investment in equity securities under available-for-sale method		1,163		682		—			1,845
Total investments		31,498		682		—			32,180
Total	$	235,259	$	682	$	—		$	235,941

As of June 30, 2019, the carrying amount of cash equivalents, which include money market fund, corporate bonds, commercial paper and treasury bills, includes an unrealized gain recognized in accumulated other comprehensive income of $6 (December 31, 2018 – gain of $69). Contingent consideration is recorded within accrued expenses and other current liabilities and reflects the consideration for: (i) the acquisition of Manitoba Harvest payable in Class 2 common stock contingent on revenues earned in 2019, and (ii) the acquisition of Natura payable in Class 2 common stock contingent on production levels. Refer to Note 15 for details.

During the three months ended June 30, 2019, there was one transfer out of Level 2 into Level 1 for an investment in equity securities under the available-for-sale method, as the transfer restriction is no longer applicable. There were no other transfers between fair value measurement hierarchy levels during the six months ended June 30, 2019 and 2018.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Inventory

6 Months Ended

Jun. 30, 2019

Inventory Disclosure [Abstract]

Inventory

Inventory is comprised of the following items:

	June 30, 2019		December 31, 2018
Raw materials	$	14,718	$	2,132
Work-in-process		39,142		12,812
Finished goods		21,457		1,267
Total	$	75,317	$	16,211

Inventory is written down for any obsolescence or when the net realizable value of inventory is less than the carrying value. For the three and six months ended June 30, 2019, the Company recorded write-downs within work-in-process of $201 and $525, respectively, (2018 – $491 and $703) in cost of sales.

Prepaid Expenses and Other Current Assets

6 Months Ended

Jun. 30, 2019

Prepaid Expense And Other Assets Current [Abstract]

Prepaid Expenses and Other Current Assets

5.	Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets is comprised of the following items:

	June 30, 2019		December 31, 2018
Deposits	$	26,885	$	1,511
Prepaid expenses		8,201		1,496
Other current assets		1,547		—
Total	$	36,633	$	3,007

Deposits include prepayments on future purchases of inventory to secure supply.

Property and Equipment, Net

6 Months Ended

Jun. 30, 2019

Property Plant And Equipment [Abstract]

Property and Equipment, Net

6.	Property and Equipment, Net

Property and equipment, net consists of the following:

	June 30, 2019			December 31, 2018
Land	$	5,717		$	4,498
Buildings and leasehold improvements		93,295			51,111
Laboratory and manufacturing equipment		22,791			6,131
Office and computer equipment		3,510			970
Assets under capital lease		10,069			9,661
Construction in process		23,642			15,343
		159,024			87,714
Less: accumulated depreciation and amortization		(11,466	)		(7,500	)
Total	$	147,558		$	80,214

For the three and six months ended June 30, 2019, depreciation expense related to general office space and equipment was $239 and $544, respectively (2018 – $30 and $59). In addition, depreciation expense included in cost of sales relating to manufacturing equipment and production facilities was $508 and $1,507 for the three and six months ended June 30, 2019, respectively, (2018 – $157 and $259) with the remaining depreciation included in inventory.

For the three and six months ended June 30, 2019, capitalized interest included in construction-in-progress was $108 and $166, respectively (2018 – $35 and $169).

The Company had $68,853 in property and equipment additions related to building and leasehold improvements, laboratory and manufacturing equipment, office and computer equipment and construction in process during the six months ended June 30, 2019 (2018 – $25,979). Additions to building and leasehold improvements primarily relate to the Company’s acquisitions of Manitoba Harvest and Natura. Refer to Note 15 for details. Additions to construction in process primarily relate to the ongoing construction of the Company’s London, Ontario and Portugal facilities.

Intangible Assets

6 Months Ended

Jun. 30, 2019

Intangible Assets Net Excluding Goodwill [Abstract]

Intangible Assets

7.	Intangible Assets

Intangible assets are comprised of the following items:

		June 30, 2019						December 31, 2018
	Weighted Average Amortization Period (in years)	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Customer relationships	16	$	135,147	$	2,849	$	132,298	$	—	$	—	$	—
Developed technology	10		7,027		234		6,793		—		—		—
Website	3		4,231		2,772		1,459		3,755		2,253		1,502
Alef license	2		4,086		—		4,086		2,984		—		2,984
Supply contract	3		2,368		—		2,368		—		—		—
Cultivation license	Indefinite		10,617		—		10,617		—		—		—
Trademarks	Indefinite		54,996		—		54,996		—		—		—
Rights under ABG Profit Participation Arrangement	Indefinite		119,366		—		119,366		—		—		—
Total		$	337,838	$	5,855	$	331,983	$	6,739	$	2,253	$	4,486

The net carrying value of intangible assets not yet available for use as of June 30, 2019 was $6,454 (December 31, 2018 – $3,027). At June 30, 2019, this consisted of the Alef license and supply contract arising from the acquisition of Natura.

Intangible asset additions for six months ended June 30, 2019 primarily related to customer relationships, developed technology and trademarks as part of the acquisition of Manitoba Harvest as well as cultivation license and supply contract as part of the acquisition of Natura. Refer to Note 15 for details. Moreover, indefinite-lived rights under the ABG Profit Participation Arrangement were acquired in the first quarter of 2019. Refer to Note 14 for details.

The amortization expense for the next five years on intangibles assets in use are as follows: remaining in 2019 – $5,080; 2020 – $9,964; 2021 – $9,306; 2022 – $9,229; 2023 – $9,205, and thereafter – $97,766.

Goodwill

6 Months Ended

Jun. 30, 2019

Goodwill Disclosure [Abstract]

Goodwill

The following table shows the change in carrying amount of goodwill:

Balance December 31, 2018	$	—
Acquisition of Manitoba Harvest		127,681
Acquisition of Natura		24,830
Foreign currency translation adjustment		2,443
Balance June 30, 2019	$	154,954

Accounts Payable, Accrued Expenses and Other Current Liabilities

6 Months Ended

Jun. 30, 2019

Payables And Accruals [Abstract]

Accounts Payable, Accrued Expenses and Other Current Liabilities

9.	Accounts Payable, Accrued Expenses and Other Current Liabilities

Accounts payable, accrued expenses and other current liabilities are comprised of the following items:

	June 30, 2019		December 31, 2018
Accounts payable - trade	$	24,287	$	9,716
Accounts payable - related parties		81		933
Total accounts payable	$	24,368	$	10,649

Accrued interest on Convertible Notes	$	5,938	$	5,302
Accrued payroll		7,943		3,278
Accrued legal fees		486		565
Consideration payable for acquisition of Manitoba Harvest		69,356		—
Contingent consideration for acquisitions		49,581		—
Other accrued expenses and current liabilities		17,984		5,673
Total accrued expenses and other current liabilities	$	151,288	$	14,818

Refer to Note 15 for details on the consideration payable and contingent consideration for the acquisitions of Manitoba Harvest and Natura.

Convertible Notes

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Convertible Notes

10.	Convertible Notes

In October 2018, the Company issued convertible senior notes with a face value of $475,000 (the “Convertible Notes”). The net proceeds from the offering were approximately $460,134, after deducting commissions and other fees and expenses payable by the Company. The Convertible Notes bear interest at a rate of 5.00% per annum, payable semi-annually in arrears on April 1 and October 1 of each year, beginning on April 1, 2019. Additional interest may accrue on the Convertible Notes in specified circumstances. The Convertible Notes will mature on October 1, 2023, unless earlier repurchased, redeemed or converted. There are no principal payments required over the five-year term of the Convertible Notes, except in the case of redemption or events of defaults.

To the extent the Company so elects, the sole remedy for an event of default relating to certain failures by the Company to comply with certain reporting covenants in the Indenture will, for the first 365 days after such event of default, consist exclusively of the right to receive additional interest on the notes. Upon conversion, the Company will pay or deliver, as the case may be, cash, shares of our common stock or a combination of cash and shares of our common stock, at the Company’s election (the “cash conversion option”). The initial conversion rate for the Convertible Notes is 5.9735 shares of common stock per one thousand dollar principal amount of notes, which is equivalent to an initial conversion price of approximately $167.41 per share of common stock. Throughout the term of the Convertible Notes, the conversion rate may be adjusted upon the occurrence of certain events.

Prior to the close of business on the business day immediately preceding April 1, 2023, the Convertible Notes will be convertible only under the specified circumstances. On or after April 1, 2023 until the close of business on the business day immediately preceding the maturity date, holders may convert all or any portion of their Convertible Notes, in multiples of one thousand dollar principal amount, at the option of the holder regardless of the aforementioned circumstances.

As of June 30, 2019, the Convertible Notes are not yet convertible. The Convertible Notes will become convertible upon the satisfaction of the above circumstances. Transaction costs attributable to the Convertible Notes totaling $13,467 are amortized as non-cash interest expense over the term of the Convertible Notes. As of June 30, 2019, the Company was in compliance with all the covenants set forth under the indenture.

The following table sets forth the net carrying amount of the Convertible Notes:

	June 30, 2019			December 31, 2018
5.00% Convertible Notes	$	475,000		$	475,000
Unamortized discount		(37,866	)		(41,687	)
Unamortized transaction costs		(11,734	)		(12,946	)
Net carrying amount	$	425,400		$	420,367

The following table sets forth total interest expense recognized related to the Convertible Notes:

	Six months ended June 30,
	2019		2018
Contractual coupon interest	$	11,875	$	—
Amortization of discount		3,821		—
Amortization of transaction costs		1,212		—
Total	$	16,908	$	—

Stockholders' Equity

6 Months Ended

Jun. 30, 2019

Equity [Abstract]

Stockholders' Equity

11.	Stockholders’ Equity

Common and Convertible Preferred Stock

The Company’s certificate of incorporation authorized the Company to issue the following classes of shares with the following par value and voting rights as of June 30, 2019. The liquidation and dividend rights are identical among Class 1 common stock and Class 2 common stock, and all classes of common stock share equally in our earnings and losses.

	Par Value		Authorized		Voting Rights
Class 1 common stock	$	0.0001		250,000,000	10 votes for each share
Class 2 common stock	$	0.0001		500,000,000	1 vote for each share
Convertible preferred stock	$	0.0001		10,000,000	N/A

In connection with the profit participation agreement with ABG Intermediate Holdings 2, LLC (“ABG”), the Company issued 840,107 shares of Class 2 common stock in January 2019 and 840,107 shares of Class 2 common stock in March 2019 at a deemed issuance price of $79.35 per share. Given that the shares of Class 2 common stock issued to ABG were not registered with the SEC and subject to transfer restrictions, the fair values of the issuances were $89.13 and $59.77 per share, respectively, as recorded in the Condensed Consolidated Statements of Stockholders’ Equity. Refer to Note 14 for details.

In February 2019, the Company issued 180,332 shares of Class 2 common stock at a deemed issuance price of $83.73 per share in connection with the closing of the Natura acquisition. Refer to Note 15 for details.

In March 2019, the Company issued 1,209,946 shares of Class 2 common stock at a deemed issuance price of $80.04 per share in connection with the closing of the Manitoba Harvest acquisition. Refer to Note 15 for details.

General and Administrative Expenses

6 Months Ended

Jun. 30, 2019

General And Administrative Expense [Abstract]

General and Administrative Expense

12.	General and Administrative Expenses

General and administrative expenses are comprised of the following items:

	Three months ended June 30,				Six months ended June 30,
	2019		2018		2019		2018
Salaries	$	7,241	$	2,260	$	13,652	$	3,357
Professional fees	$	4,208	$	1,174	$	6,665	$	2,656
Travel expenses	$	1,161	$	554	$	1,882	$	719
Other expenses	$	3,855	$	1,354	$	7,063	$	2,755
Total	$	16,465	$	5,342	$	29,262	$	9,487

Stock-Based Compensation

6 Months Ended

Jun. 30, 2019

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock-Based Compensation

13.	Stock-based Compensation

Original Stock Option Plan

Certain employees of the Company participate in the equity-based compensation plan of Privateer Holdings, Inc. (the “Original Plan”) under the terms and valuation method detailed in our Annual Financial Statements. For the three and six months ended June 30, 2019, the total stock-based compensation expense associated with the Original Plan was $158 and $268, respectively (2018 – $169 and $200).

Stock option activity under the Original Plan is as follows:

	Stock options			Weighted- average exercise price		Weighted- average remaining contractual term (years)		Aggregate intrinsic value
Balance December 31, 2018		592,594		$	4.14		8.1	$	989
Allocated to Tilray		143,794			4.26
Exercised		(13,370	)		3.79
Forfeited		(6,310	)		4.24
Cancelled		(1,042	)		3.88
Balance June 30, 2019		715,666		$	4.21		7.8	$	30,892
Vested and expected to vest, June 30, 2019		644,381		$	4.03		7.7	$	27,933
Vested and exercisable, June 30, 2019		353,209		$	3.18		7.2	$	15,610

No stock options were granted under the Original Plan during the six months ended June 30, 2019 (2018 - 301,442). As of June 30, 2019, the total remaining unrecognized stock-based compensation expense related to non-vested stock options amounted to $856 which will be recognized over the weighted-average remaining requisite service period of approximately 0.9 year. The total fair value of stock options vested during the six months ended June 30, 2019 was $341 (2018 – $85).

New Stock Option and Restricted Stock Unit Plan

The Company adopted the 2018 Equity Incentive Plan (the “New Plan”) as amended and approved by stockholders in May 2018 under the terms and valuation methods detailed in our Annual Financial Statements. As of June 30, 2019, 12,926,172 shares were reserved for issuance under the New Plan. For the three and six months ended June 30, 2019, total stock-based compensation expense associated with the New Plan was $7,427 and $12,623, respectively (2018 - $5,432 and $5,432).

Stock option and restricted stock unit (“RSU”) activity under the New Plan are as follows:

Time-based stock option activity

	Stock options			Weighted- average exercise price		Weighted- average remaining contractual term (years)		Aggregate intrinsic value
Balance December 31, 2018		6,015,041		$	13.54		7.7	$	342,916
Granted		10,000			70.25
Exercised		(488,840	)		7.76
Forfeited		(46,162	)		28.27
Balance June 30, 2019		5,490,039		$	14.03		8.9	$	189,799
Vested and expected to vest, June 30, 2019		5,281,387		$	13.85		8.9	$	183,208
Vested and exercisable, June 30, 2019		1,800,954		$	7.76		8.9	$	69,877

The weighted-average fair values of stock options granted during the six months ended June 30, 2019 was $28.88 per share. During the six months ended June 30, 2018, 5,479,196 time-based stock options were granted under the New Plan. As of June 30, 2019, the total remaining unrecognized compensation expense related to non-vested stock options of $30,068 will be recognized over the weighted-average remaining requisite service period of approximately 2.4 years. The total fair value of stock options vested for the six months ended June 30, 2019 was $5,500 (2018 – nil).

Performance-based stock option activity

	Stock options			Weighted- average exercise price		Weighted- average remaining contractual term (years)		Aggregate intrinsic value
Balance December 31, 2018		600,000		$	7.76		9.4	$	37,668
Exercised		(80,000	)		7.76
Balance June 30, 2019		520,000		$	7.76		8.9	$	20,176
Vested and expected to vest, June 30, 2019		518,991		$	7.76		8.9	$	20,137
Vested and exercisable, June 30, 2019		220,000		$	7.76		8.9	$	8,536

No performance-based stock options were granted under the New Plan during the six months ended June 30, 2019. During the six months ended June 30, 2018, 600,000 performance-based stock options were granted under the New Plan. As of June 30, 2019, the total remaining unrecognized compensation expense related to non-vested stock options of $70 will be recognized over the weighted-average remaining requisite service period of approximately 0.1 year. The total fair value of stock options vested as of June 30, 2019 was $913 (December 31, 2018 – $1,246).

Time-based RSU activity

	Time-based RSUs			Weighted-average grant-date fair value per share
Non-vested December 31, 2018		237,222		$	49.86
Granted		756,825			55.27
Issued on vesting		(35,000	)		7.76
Forfeited		(30,891	)		61.47
Non-vested June 30, 2019		928,156		$	55.47

As of June 30, 2019, $42,691 of total unrecognized compensation expense related to non-vested time-based RSUs will be recognized over a weighted-average period of 2.7 years. During the six months ended June 30, 2018, 140,000 time-based RSUs were granted under the New Plan.

Performance-based RSUs activity

	Performance-based RSUs			Weighted-average grant-date fair value per share
Non-vested December 31, 2018		1,050,000		$	7.76
Issued on vesting		(478,125	)		7.76
Non-vested June 30, 2019		571,875		$	7.76

As of June 30, 2019, $736 of total unrecognized compensation expense related to non-vested performance-based RSUs will be recognized over a weighted-average period of 1.0 year. During the six months ended June 30, 2018, 1,050,000 performance-based RSUs were granted under the New Plan.

ABG Profit Participation Arrangement

6 Months Ended

Jun. 30, 2019

Equity [Abstract]

ABG Profit Participation Arrangement

14.	ABG Profit Participation Arrangement

On January 14, 2019, the Company entered into a Profit Participation Arrangement with ABG Intermediate Holdings 2, LLC (“ABG”) that offers the Company: (i) participation rights in up to 49% of the net (i.e. post-expense) cannabis revenues from certain existing ABG brands in perpetuity, (ii) guaranteed minimum receipt of $10,000 annually for ten years (prorated based on total consideration paid to ABG) in quarterly payments for participation rights, (iii) preferred supplier rights of all cannabinoid ingredients for products under cannabis-related licenses of certain existing ABG brands in perpetuity, (iv) preferred royalty rates for the Company to license and develop cannabis products for certain existing ABG brands, and (v) first negotiation and matching rights related to participation rights in net cannabis revenues for any additional brands acquired by ABG after entering into the Profit Participation Arrangement.

As consideration for this arrangement, the Company issued 840,107 shares of Class 2 common stock and paid $20,000 in cash in January 2019, paid $13,333 in cash in February 2019, and issued 840,107 shares of Class 2 common stock in March 2019. Under the terms of the arrangement, the Company shall pay $83,333, in a combination of Class 2 common stock and up to $16,667 in cash at ABG’s election, upon certain triggers relating to the regulatory status of tetrahydrocannabinol (“THC”) in the United States or receipt of $5,000 in participation rights distributions from cannabis products containing THC outside the United States, in accordance with terms outlined in the arrangement. The Company will record a liability related to this contingent payment when the triggers are met and the consideration becomes payable.

Since the arrangement conveys a right for the Company to receive guaranteed minimum cash from ABG over ten years, it meets the definition of a loan pursuant to ASC 310 “Receivables”. As of June 30, 2019, $435 was recorded in other receivables and $6,910 in deposits and other assets for the current and non-current portions of the loans relating to cash paid to ABG. The portion of the loans relating to shares issued to ABG of $30,292 is recorded within additional paid-in capital as of June 30, 2019. The allocation of the loans between the asset and equity portions was determined on a relative fair value basis. As the loans have no stated interest rate, fair value was determined using the present value of the expected cash flows at a 12% discount rate, which reflects an appropriate market rate for each loan at the time it was issued. Interest on the loan is calculated using the effective interest rate method and recognized in finance income from ABG Profit Participation Arrangement on the Condensed Consolidated Statements of Net Loss and Comprehensive Loss for the portion of the loan relating to cash paid to ABG, and in additional paid-in capital on the Condensed Consolidated Balance Sheets for the portion relating to shares issued to ABG.

As of June 30, 2019, the Company recorded intangible assets with indefinite life in the amount of $119,366 for the participation rights, preferred supplier rights, and preferred royalty rights under the Profit Participation Arrangement, as described above. The cost of these intangible assets was calculated using the fair value of the cash paid and shares issued, less the fair value attributable to the loan described above. During the three months ended June 30, 2019, the Company reversed the deferred tax liability of $31,730 that should not be recorded as part of these intangible assets.

Business Combinations

6 Months Ended

Jun. 30, 2019

Business Combinations [Abstract]

Business Combinations

15.	Business Combinations

Acquisition of Manitoba Harvest

On February 28, 2019, the Company completed the acquisition of all issued and outstanding shares of FHF Holdings Ltd. (“Manitoba Harvest”). Manitoba Harvest develops and distributes a diverse portfolio of hemp-based natural food and wellness products and enables the Company to expand into the growing cannabidiol (“CBD”) product market in the United States.

During the three months ended June 30, 2019, the Company revised the preliminary purchase price of the acquisition of Manitoba Harvest to reflect the finalization of the working capital adjustment paid in the quarter. The revised purchase price is calculated as follows:

	February 28, 2019
Cash paid on closing	$	114,591
Cash payable six months after closing		37,490
Class 2 common stock issued on closing ⁽¹⁾		96,844
Class 2 common stock issuable six months after closing ⁽¹⁾		31,866
Working capital adjustment		274
Contingent consideration		29,207
Total fair value of consideration transferred	$	310,272

(1)

1,209,946 shares of Class 2 common stock were issued on closing. The amount of Class 2 common stock issuable six months after closing will be the determined in accordance with the Manitoba Harvest acquisition agreement based on the trading price of the shares.

As part of the acquisition of Manitoba Harvest, the Company entered into a contingent consideration arrangement whereby the Company may pay a maximum of $37,129 ($49,000 CAD) payable in Class 2 common stock. The payment amount is based on gross branded CBD product sales in the United States for the period from January 1, 2019 to December 31, 2019. The estimated fair value of the contingent consideration is recorded within accrued expenses and other current liabilities. The contingent consideration was valued using a probability-weighted discounted cash flow model based on internal forecasts and the estimated cost of debt for the Company. The contingent consideration is reassessed and adjusted to fair value each quarter through other (income) expense, net. The fair value of contingent consideration increased $547 from the closing date to June 30, 2019 due to the passage of time.

The following table summarizes the Company’s revised preliminary allocation of the purchase price to assets acquired and liabilities assumed at the acquisition date. During the three months ended June 30, 2019, this resulted in a $20 increase in inventory, $47 increase in property and equipment, $76 increase in developed technology, $456 increase in customer relationships, $321 increase in accounts payable, $147 decrease in accrued expenses and other current liabilities, $321 decrease in accrued obligations under capital lease, $160 increase in deferred tax liability, and $312 decrease in goodwill. The final purchase price allocation will be adjusted as needed, pending the finalization of estimates and assumptions used in valuing property and equipment, intangible assets, and deferred tax liability, among other identifiable assets acquired and liabilities assumed, and will be finalized no later than one year after the acquisition date.

	February 28, 2019
Assets
Cash and cash equivalents	$	5,534
Accounts receivable		6,207
Inventory		15,331
Prepaid expenses and other current assets		1,030
Property and equipment		23,581
Intangible assets: Estimated useful life
Trademarks Indefinite		54,688
Developed technology 10 years		6,988
Customer relationships 14-16 years		134,290
Goodwill		127,681
Total assets		375,330
Liabilities
Accounts payable		4,973
Accrued expenses and other current liabilities		4,911
Deferred tax liability		55,174
Total liabilities		65,058
Net assets acquired	$	310,272

The Company incurred acquisition costs of $1,328 for the acquisition of Manitoba Harvest. The goodwill of $127,681 is attributable factors such as market share, reputation with customers and vendors, and the skilled workforce of Manitoba Harvest. Goodwill is not deductible for tax purposes. The gross contractual amount of receivables is $6,340, of which approximately $133 is not expected to be collected.

The financial results of Manitoba Harvest are included in the Company’s financial statements since acquisition close. The Consolidated Statements of Net Loss and Comprehensive Loss include revenue of $19,895 and $25,516, and net loss of $2,692 and $4,868 of Manitoba Harvest for the three and six months ended June 30, 2019, respectively.

Acquisition of Natura

On February 15, 2019, the Company acquired the remaining 97% issued and outstanding shares of Natura Naturals Holdings Inc. (“Natura”). Natura is licensed to cultivate and produce medical cannabis, expanding the Company’s capacity to supply high-quality branded cannabis products to the Canadian market. The preliminary purchase price is calculated as follows:

	February 15, 2019
Cash paid on closing	$	15,252
Class 2 common stock issued on closing ⁽¹⁾		15,100
Contingent consideration		20,007
Fair value of previously held interest ⁽²⁾		1,565
Effective settlement of pre-existing debt ⁽³⁾		2,308
Total fair value of consideration transferred	$	54,232

(1)

180,332 shares of Class 2 common stock issued on closing.

(2)

The fair value of the Company’s investment in Natura on the acquisition date was determined based on the fair value of total consideration transferred and reflected book value on the acquisition date.

(3)

The Company held $3,000 CAD convertible debt of Natura at the acquisition date. On acquisition, this debt and related accrued interest was effectively settled.

As part of the acquisition of Natura, the Company entered into a contingent consideration arrangement whereby the Company issued promissory notes with an aggregate principal amount of $26,205 ($34,500 CAD). The ultimate payment amounts are based on production levels of consumer grade dry finished cannabis flower from Natura facilities during four periods from February 1, 2019 to January 31, 2020 and are payable in shares of Class 2 common stock. The estimated fair value of the contingent consideration is recorded within accrued expenses and other current liabilities. The contingent consideration on the acquisition date was valued using a discounted cash flow analysis based on internal forecasts projected using a Monte Carlo simulation model, an expected quarterly production distribution function, and a weighted average cost of capital adjusted to account for revenue risk derived at February 15, 2019. The contingent consideration is reassessed and adjusted to fair value each quarter though other (income) expense, net, valued using a probability-weighted discounted cash flow model based on internal forecasts and the estimated cost of debt for the Company. The fair value of contingent consideration decreased $580 from the closing date to June 30, 2019 due to the passage of time and actual results to date.

The following table summarizes the Company’s revised preliminary allocation of the purchase price to assets acquired and liabilities assumed at the acquisition date. During the three months ended June 30, 2019, this resulted in a $211 decrease in property and equipment, $378 decrease in cultivation license, $189 decrease in supply contract, $4,319 decrease in deferred tax liability and $3,541 decrease in goodwill. The final purchase price allocation will be adjusted as needed, pending the finalization of estimates and assumptions used in valuing property and equipment, intangible assets, and deferred tax liability, among other identifiable assets acquired and liabilities assumed, and will be finalized no later than one year after the acquisition date.

	February 15, 2019
Assets
Cash and cash equivalents	$	169
Accounts receivable		109
Inventory		3,482
Prepaid expenses and other current assets		166
Property and equipment		17,435
Intangible assets: Estimated useful life
Cultivation license Indefinite		10,494
Supply contract 3 years ⁽¹⁾		2,340
Goodwill		24,830
Total assets		59,025
Liabilities
Accounts payable		3,280
Accrued expenses and other current liabilities		876
Deferred tax liability		637
Total liabilities		4,793
Net assets acquired	$	54,232

(1)

The estimated useful life of the supply contract intangible asset is 3 years. Amortization of the asset will commence once supply commences.

The Company incurred acquisition costs of $824 for the acquisition of Natura. The goodwill of $24,830 is attributable factors such as strong supply chain, quality of products and the skilled workforce of Natura. Goodwill is not deductible for tax purposes.

The financial results of Natura are included in the Company’s financial statements since acquisition close. The Consolidated Statements of Net Loss and Comprehensive Loss include revenue of $5,835 and $8,131, and net earnings of $1,305 and net loss of $515 of Natura for three and six months ended June 30, 2019, respectively.

Supplemental Pro Forma Information (unaudited)

The unaudited pro forma information for the periods set forth below gives effect to the acquisitions of Manitoba Harvest and Natura as if the acquisitions had occurred as of January 1, 2018. This pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that actually would have been achieved had the acquisitions been consummated as of that time:

	Six months ended June 30,
	2019			2018
Revenue	$	79,707		$	54,070
Net loss		(68,182	)		(23,856	)
Net loss per share - basic and diluted		(0.71	)		(0.31	)

Financial Instruments

6 Months Ended

Jun. 30, 2019

Investments All Other Investments [Abstract]

Financial Instruments

16.	Financial Instruments

Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises principally from the Company’s cash and cash equivalents, accounts receivable and short-term investments.

The Company’s cash and cash equivalents are deposited in major financial institutions in Canada, Australia, Portugal, Germany, Netherlands and the United States. To date, the Company has not experienced any losses on its cash deposits. Accounts receivable are unsecured and the Company does not require collateral from its customers.

The Company is also exposed to credit risk from the potential default by any of its counterparties on its financial assets.

The Company evaluates the collectability of its accounts receivable and provides an allowance for potential credit losses as necessary. As of June 30, 2019 and December 31, 2018, the Company was not exposed to any significant credit risk related to counterparty performance of outstanding accounts receivable.

Foreign currency risk

As the Company conducts its business in many areas of the world involving transactions denominated in a variety of currencies, the Company is exposed to foreign currency risk. A significant portion of the Company’s assets, revenue, and expenses are denominated in Canadian dollars. A 10% change in the exchange rates for the Canadian dollar would affect the carrying value of net assets by approximately $2,299 as of June 30, 2019, with a corresponding impact to accumulated other comprehensive income.

Liquidity risk

The Company’s objective is to have sufficient liquidity to meet its liabilities when due. The Company monitors its cash balances and cash flows generated from operations to meet its requirements. As of June 30, 2019, the most significant financial liabilities are Convertible Notes, contingent consideration, accounts payable and accrued expenses.

Related Party Transactions

6 Months Ended

Jun. 30, 2019

Related Party Transactions

17.	Related-Party Transactions

The Company was a wholly owned subsidiary of Privateer Holdings, Inc. (“Privateer”) prior to its Series A preferred stock financing and initial public offering. As of June 30, 2019, Privateer holds more than 10% of the Company’s outstanding shares of Class 2 common stock and holds 100% of the Company’s Class 1 common stock.

During the three months ended June 30, 2019, the Company assumed a real estate operating lease upon assignment from Privateer. In connection with this lease, the Company reimbursed Privateer $2,070 for leasehold improvements at cost and $1,000 for the security deposit held by the landlord at cost, recorded within property and equipment and deposits and other assets, respectively, on the Condensed Consolidated Balance Sheets as of June 30, 2019.

Privateer management fees

Management services charged by Privateer for services performed include management services, support services, business development services and research and development services recorded in operating expenses for the three and six months ended June 30, 2019 in the amounts of nil and $106, respectively (2018 – $233 and $417). Depending on the nature of the services performed, these expenses are included within general and administrative expenses, sales and marketing expenses or research and development expenses in the Consolidated Statements of Net Loss and Comprehensive Loss. Pursuant to the Company’s agreement with Privateer entered in February 2018 and terminated in February 2019, personnel compensation was charged at cost plus a 3.0% markup and other services at cost. As of June 30, 2019, no amounts were recorded within accounts payable for management services due to Privateer (December 31, 2018 – $3,878).

Ten Eleven management fees

In February 2019, the Company entered into a management agreement with Ten Eleven Management LLC dba Privateer Management (“Ten Eleven”), pursuant to which Ten Eleven provides the Company with certain general administrative and corporate services on an as-requested basis for a monthly service fee. As of June 30, 2019, the owners of Ten Eleven collectively hold more than 10% of the Company’s outstanding shares of Class 2 common stock and more than 10% of the Company’s Class 1 common stock. During the three and six months ended June 30, 2019, management services of $75 and $125, respectively, were recorded within general and administrative expense in the Consolidated Statements of Net Loss and Comprehensive Loss. No amounts were recorded for the comparative periods in 2018. As of June 30, 2019, $73 due to Ten Eleven for management services was recorded within accounts payable (December 31, 2018 – nil).

Business Segment Information

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Business Segment Information

18.	Business Segment Information

Segment reporting is prepared on the same basis that the Company’s Chief Executive Officer, who is the Company’s chief operating decision maker, manages the business, makes operating decisions and assesses performance. Management has determined that the Company operates in one segment: the development and sale of cannabis products.

Revenue for the three and six months ended June 30, 2019 includes $3,862 and $5,776, respectively, of excise taxes. There was no excise tax for the comparative periods in 2018. Sources of revenue were as follows:

	Three months ended June 30,				Six months ended June 30,
	2019		2018		2019		2018
Dried cannabis	$	21,866	$	5,246	$	32,802	$	9,869
Cannabis extracts		3,899		4,439		10,353		7,545
Food products		19,935		—		25,517		—
Accessories and other		204		59		270		138
Total	$	45,904	$	9,744	$	68,942	$	17,552

Revenue attributed to geographic region based on the location of the customer was as follows:

	Three months ended June 30,				Six months ended June 30,
	2019		2018		2019		2018
Canada	$	30,329	$	9,399	$	47,331	$	17,012
United States		10,730		—		14,955		—
Other countries		4,845		345		6,656		540
Total	$	45,904	$	9,744	$	68,942	$	17,552

Long-lived assets consisting of property and equipment, net of accumulated depreciation, attributed to geographic regions based on their physical location were as follows:

	June 30, 2019		December 31, 2018
Canada	$	121,494	$	64,687
Portugal		23,462		15,455
United States		2,497		—
Other countries		105		72
Total	$	147,558	$	80,214

Three customers accounted for 15%, 11%, and 10% of our revenue, respectively, for the three months ended June 30, 2019. Two customers accounted for 13% and 11% of our revenue, respectively, for the six months ended June 30, 2019. One customer accounted for 36% and 31% of the Company’s revenue for the three and six months ended June 30, 2018, respectively.

One customer accounted for 16% of our accounts receivable balance as of June 30, 2019. Two customers accounted for 30% and 16%, respectively, of our accounts receivable balance as of December 31, 2018.

Subsequent Event

6 Months Ended

Jun. 30, 2019

Subsequent Events [Abstract]

Subsequent Event

19.	Subsequent Event

Acquisition of Smith & Sinclair

On July 11, 2019, the Company acquired all issued and outstanding shares of Smith & Sinclair Ltd., which crafts edible candies, cocktails and fragrances in the United Kingdom and enables the Company to develop CBD-infused edibles for distribution in Canada, United States and Europe. The purchase consideration includes $2,409 in cash paid on closing, 79,289 shares of Class 2 common stock issued on closing, and contingent consideration up to $3,095 (£2,472) payable in Class 2 common stock based on revenue during two periods from January 1, 2019 to December 31, 2020, as well as the revenue and launch of CBD product in the United States and Europe and CBD or THC product in Canada on two milestones by June 1, 2020. The Company is in the process of determining the purchase price allocation and expects to include a preliminary version in its September 30, 2019 condensed consolidated financial statements.

Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2019

Accounting Policies [Abstract]

Basis of Presentation

Basis of presentation

Emerging Growth Company Status

Emerging growth company status

Business Combinations and Goodwill

Business combinations and goodwill

Intangible Assets

Intangible assets

Amortization of definite life intangible assets is calculated on a straight-line basis over the estimated useful lives of the assets as follows:


Customer relationships		14 to 16 years
Developed technology		10 years
Website		3 years
Supply contract		3 years
Licenses		2 years

Equity Method Investments

Equity method investments

Stock-Based Payments

Stock-based payments

Impairment of Goodwill and Indefinite Life Intangible Assets

Impairment of goodwill and indefinite life intangible assets

Significant Estimates and Judgments

Significant estimates and judgments

New Accounting Pronouncements Not Yet Adopted

New accounting pronouncements not yet adopted

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2019

Accounting Policies [Abstract]

Summary of Estimated Useful Lives of Definite Life Intangible Assets

Amortization of definite life intangible assets is calculated on a straight-line basis over the estimated useful lives of the assets as follows:


Customer relationships		14 to 16 years
Developed technology		10 years
Website		3 years
Supply contract		3 years
Licenses		2 years

Investments (Tables)

6 Months Ended

Jun. 30, 2019

Investments Debt And Equity Securities [Abstract]

Summary of Security Investments

The classification of investment in securities reported in long-term investments on the Condensed Consolidated Balance Sheets is summarized as follows:

	June 30, 2019		December 31, 2018
Investment in securities under available-for-sale method	$	4,799	$	1,845
Investment in securities under the cost method		12,262		15,066
Investment in joint venture under the equity method		6,134		—
Total investment in securities	$	23,195	$	16,911

Fair Value Measurement (Tables)

6 Months Ended

Jun. 30, 2019

Fair Value Disclosures [Abstract]

Schedule of Assets Measured Fair Value on Recurring Basis

	Quoted prices
	in active
	markets for		Other		Significant
	identical		observable		unobservable
	assets		inputs		inputs
	(Level 1)		(Level 2)		(Level 3)			Total
June 30, 2019
Cash equivalents	$	136,479	$	—	$	—		$	136,479
Investments
Money market fund		36,323		—		—			36,323
Investment in equity securities under available-for-sale method		3,669		—		—			3,669
Investment in debt securities under available-for-sale method		—		1,130		—			1,130
Total investments		39,992		1,130		—			41,122
Contingent consideration		—		—		(49,581	)		(49,581	)
Total	$	176,471	$	1,130	$	(49,581	)	$	128,020

December 31, 2018
Cash equivalents	$	203,761	$	—	$	—		$	203,761
Investments
Treasury bills		30,335		—		—			30,335
Investment in equity securities under available-for-sale method		1,163		682		—			1,845
Total investments		31,498		682		—			32,180
Total	$	235,259	$	682	$	—		$	235,941

Inventory (Tables)

6 Months Ended

Jun. 30, 2019

Inventory Disclosure [Abstract]

Schedule of Inventory

Inventory is comprised of the following items:

	June 30, 2019		December 31, 2018
Raw materials	$	14,718	$	2,132
Work-in-process		39,142		12,812
Finished goods		21,457		1,267
Total	$	75,317	$	16,211

Prepaid Expenses and Other Current Assets (Tables)

6 Months Ended

Jun. 30, 2019

Prepaid Expense And Other Assets Current [Abstract]

Schedule of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets is comprised of the following items:

	June 30, 2019		December 31, 2018
Deposits	$	26,885	$	1,511
Prepaid expenses		8,201		1,496
Other current assets		1,547		—
Total	$	36,633	$	3,007

Property and Equipment, Net (Tables)

6 Months Ended

Jun. 30, 2019

Property Plant And Equipment [Abstract]

Summary of Property and Equipment

Property and equipment, net consists of the following:

	June 30, 2019			December 31, 2018
Land	$	5,717		$	4,498
Buildings and leasehold improvements		93,295			51,111
Laboratory and manufacturing equipment		22,791			6,131
Office and computer equipment		3,510			970
Assets under capital lease		10,069			9,661
Construction in process		23,642			15,343
		159,024			87,714
Less: accumulated depreciation and amortization		(11,466	)		(7,500	)
Total	$	147,558		$	80,214

Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2019

Intangible Assets Net Excluding Goodwill [Abstract]

Schedule of Intangible Assets

Intangible assets are comprised of the following items:

		June 30, 2019						December 31, 2018
	Weighted Average Amortization Period (in years)	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Customer relationships	16	$	135,147	$	2,849	$	132,298	$	—	$	—	$	—
Developed technology	10		7,027		234		6,793		—		—		—
Website	3		4,231		2,772		1,459		3,755		2,253		1,502
Alef license	2		4,086		—		4,086		2,984		—		2,984
Supply contract	3		2,368		—		2,368		—		—		—
Cultivation license	Indefinite		10,617		—		10,617		—		—		—
Trademarks	Indefinite		54,996		—		54,996		—		—		—
Rights under ABG Profit Participation Arrangement	Indefinite		119,366		—		119,366		—		—		—
Total		$	337,838	$	5,855	$	331,983	$	6,739	$	2,253	$	4,486

Goodwill (Tables)

6 Months Ended

Jun. 30, 2019

Goodwill Disclosure [Abstract]

Schedule of Change in Carrying Amount of Goodwill

The following table shows the change in carrying amount of goodwill:

Balance December 31, 2018	$	—
Acquisition of Manitoba Harvest		127,681
Acquisition of Natura		24,830
Foreign currency translation adjustment		2,443
Balance June 30, 2019	$	154,954

Accounts Payable, Accrued Expenses and Other Current Liabilities (Tables)

6 Months Ended

Jun. 30, 2019

Payables And Accruals [Abstract]

Schedule of Accounts Payable, Accrued Expenses and Other Current Liabilities

Accounts payable, accrued expenses and other current liabilities are comprised of the following items:

	June 30, 2019		December 31, 2018
Accounts payable - trade	$	24,287	$	9,716
Accounts payable - related parties		81		933
Total accounts payable	$	24,368	$	10,649

Accrued interest on Convertible Notes	$	5,938	$	5,302
Accrued payroll		7,943		3,278
Accrued legal fees		486		565
Consideration payable for acquisition of Manitoba Harvest		69,356		—
Contingent consideration for acquisitions		49,581		—
Other accrued expenses and current liabilities		17,984		5,673
Total accrued expenses and other current liabilities	$	151,288	$	14,818

Convertible Notes (Tables)

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Schedule of Components of Net Carrying Amount of Convertible Notes

The following table sets forth the net carrying amount of the Convertible Notes:

	June 30, 2019			December 31, 2018
5.00% Convertible Notes	$	475,000		$	475,000
Unamortized discount		(37,866	)		(41,687	)
Unamortized transaction costs		(11,734	)		(12,946	)
Net carrying amount	$	425,400		$	420,367

Schedule of Interest Expense Related to Convertible Notes

The following table sets forth total interest expense recognized related to the Convertible Notes:

	Six months ended June 30,
	2019		2018
Contractual coupon interest	$	11,875	$	—
Amortization of discount		3,821		—
Amortization of transaction costs		1,212		—
Total	$	16,908	$	—

Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2019

Equity [Abstract]

Summary of Capital Stock

	Par Value		Authorized		Voting Rights
Class 1 common stock	$	0.0001		250,000,000	10 votes for each share
Class 2 common stock	$	0.0001		500,000,000	1 vote for each share
Convertible preferred stock	$	0.0001		10,000,000	N/A

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

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+ Details

General and Administrative Expenses (Tables)

6 Months Ended

Jun. 30, 2019

General And Administrative Expense [Abstract]

Schedule of General and Administrative Expenses

General and administrative expenses are comprised of the following items:

	Three months ended June 30,				Six months ended June 30,
	2019		2018		2019		2018
Salaries	$	7,241	$	2,260	$	13,652	$	3,357
Professional fees	$	4,208	$	1,174	$	6,665	$	2,656
Travel expenses	$	1,161	$	554	$	1,882	$	719
Other expenses	$	3,855	$	1,354	$	7,063	$	2,755
Total	$	16,465	$	5,342	$	29,262	$	9,487

Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2019

Original Stock Option Plan [Member]

Schedule of Stock Option Activity

Stock option activity under the Original Plan is as follows:

	Stock options			Weighted- average exercise price		Weighted- average remaining contractual term (years)		Aggregate intrinsic value
Balance December 31, 2018		592,594		$	4.14		8.1	$	989
Allocated to Tilray		143,794			4.26
Exercised		(13,370	)		3.79
Forfeited		(6,310	)		4.24
Cancelled		(1,042	)		3.88
Balance June 30, 2019		715,666		$	4.21		7.8	$	30,892
Vested and expected to vest, June 30, 2019		644,381		$	4.03		7.7	$	27,933
Vested and exercisable, June 30, 2019		353,209		$	3.18		7.2	$	15,610

2018 Equity Incentive Plan [Member] | Time-based Stock Options [Member]

Schedule of Stock Option Activity

Time-based stock option activity

	Stock options			Weighted- average exercise price		Weighted- average remaining contractual term (years)		Aggregate intrinsic value
Balance December 31, 2018		6,015,041		$	13.54		7.7	$	342,916
Granted		10,000			70.25
Exercised		(488,840	)		7.76
Forfeited		(46,162	)		28.27
Balance June 30, 2019		5,490,039		$	14.03		8.9	$	189,799
Vested and expected to vest, June 30, 2019		5,281,387		$	13.85		8.9	$	183,208
Vested and exercisable, June 30, 2019		1,800,954		$	7.76		8.9	$	69,877

2018 Equity Incentive Plan [Member] | Performance-based Stock Options [Member]

Schedule of Stock Option Activity

Performance-based stock option activity

	Stock options			Weighted- average exercise price		Weighted- average remaining contractual term (years)		Aggregate intrinsic value
Balance December 31, 2018		600,000		$	7.76		9.4	$	37,668
Exercised		(80,000	)		7.76
Balance June 30, 2019		520,000		$	7.76		8.9	$	20,176
Vested and expected to vest, June 30, 2019		518,991		$	7.76		8.9	$	20,137
Vested and exercisable, June 30, 2019		220,000		$	7.76		8.9	$	8,536

2018 Equity Incentive Plan [Member] | Time-based RSU [Member]

Schedule of RSU Activity

Time-based RSU activity

	Time-based RSUs			Weighted-average grant-date fair value per share
Non-vested December 31, 2018		237,222		$	49.86
Granted		756,825			55.27
Issued on vesting		(35,000	)		7.76
Forfeited		(30,891	)		61.47
Non-vested June 30, 2019		928,156		$	55.47

2018 Equity Incentive Plan [Member] | Performance-based RSUs [Member]

Schedule of RSU Activity

Performance-based RSUs activity

	Performance-based RSUs			Weighted-average grant-date fair value per share
Non-vested December 31, 2018		1,050,000		$	7.76
Issued on vesting		(478,125	)		7.76
Non-vested June 30, 2019		571,875		$	7.76

Business Combinations (Tables)

6 Months Ended

Jun. 30, 2019

Manitoba Harvest

Schedule of Revised and Preliminary Purchase Price

The revised purchase price is calculated as follows:

	February 28, 2019
Cash paid on closing	$	114,591
Cash payable six months after closing		37,490
Class 2 common stock issued on closing ⁽¹⁾		96,844
Class 2 common stock issuable six months after closing ⁽¹⁾		31,866
Working capital adjustment		274
Contingent consideration		29,207
Total fair value of consideration transferred	$	310,272

(1)

Schedule of preliminary allocation of the purchase price to assets acquired and liabilities assumed

	February 28, 2019
Assets
Cash and cash equivalents	$	5,534
Accounts receivable		6,207
Inventory		15,331
Prepaid expenses and other current assets		1,030
Property and equipment		23,581
Intangible assets: Estimated useful life
Trademarks Indefinite		54,688
Developed technology 10 years		6,988
Customer relationships 14-16 years		134,290
Goodwill		127,681
Total assets		375,330
Liabilities
Accounts payable		4,973
Accrued expenses and other current liabilities		4,911
Deferred tax liability		55,174
Total liabilities		65,058
Net assets acquired	$	310,272

Natura

Schedule of Revised and Preliminary Purchase Price

The preliminary purchase price is calculated as follows:

	February 15, 2019
Cash paid on closing	$	15,252
Class 2 common stock issued on closing ⁽¹⁾		15,100
Contingent consideration		20,007
Fair value of previously held interest ⁽²⁾		1,565
Effective settlement of pre-existing debt ⁽³⁾		2,308
Total fair value of consideration transferred	$	54,232

(1)

180,332 shares of Class 2 common stock issued on closing.

(2)

(3)

The Company held $3,000 CAD convertible debt of Natura at the acquisition date. On acquisition, this debt and related accrued interest was effectively settled.

Schedule of preliminary allocation of the purchase price to assets acquired and liabilities assumed

The following table summarizes the Company’s revised preliminary allocation of the purchase price to assets acquired and liabilities assumed at the acquisition date. During the three months ended June 30, 2019, this resulted in a $211 decrease in property and equipment, $378 decrease in cultivation license, $189 decrease in supply contract, $4,319 decrease in deferred tax liability and $3,541 decrease in goodwill. The final purchase price allocation will be adjusted as needed, pending the finalization of estimates and assumptions used in valuing property and equipment, intangible assets, and deferred tax liability, among other identifiable assets acquired and liabilities assumed, and will be finalized no later than one year after the acquisition date.

	February 15, 2019
Assets
Cash and cash equivalents	$	169
Accounts receivable		109
Inventory		3,482
Prepaid expenses and other current assets		166
Property and equipment		17,435
Intangible assets: Estimated useful life
Cultivation license Indefinite		10,494
Supply contract 3 years ⁽¹⁾		2,340
Goodwill		24,830
Total assets		59,025
Liabilities
Accounts payable		3,280
Accrued expenses and other current liabilities		876
Deferred tax liability		637
Total liabilities		4,793
Net assets acquired	$	54,232

(1)

The estimated useful life of the supply contract intangible asset is 3 years. Amortization of the asset will commence once supply commences.

Manitoba Harvest and Natura

Schedule of Pro Forma Information

	Six months ended June 30,
	2019			2018
Revenue	$	79,707		$	54,070
Net loss		(68,182	)		(23,856	)
Net loss per share - basic and diluted		(0.71	)		(0.31	)

Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Summary of Sources of Revenue

Sources of revenue were as follows:

	Three months ended June 30,				Six months ended June 30,
	2019		2018		2019		2018
Dried cannabis	$	21,866	$	5,246	$	32,802	$	9,869
Cannabis extracts		3,899		4,439		10,353		7,545
Food products		19,935		—		25,517		—
Accessories and other		204		59		270		138
Total	$	45,904	$	9,744	$	68,942	$	17,552

Summary of Revenue Attributed to a Geographic Region Based on the Location of the Customer

Revenue attributed to geographic region based on the location of the customer was as follows:

	Three months ended June 30,				Six months ended June 30,
	2019		2018		2019		2018
Canada	$	30,329	$	9,399	$	47,331	$	17,012
United States		10,730		—		14,955		—
Other countries		4,845		345		6,656		540
Total	$	45,904	$	9,744	$	68,942	$	17,552

Summary of Long-lived Assets Consisting of Property and Equipment, Net of Accumulated Depreciation, Attributed to Geographic Regions Based on their Physical Location

Long-lived assets consisting of property and equipment, net of accumulated depreciation, attributed to geographic regions based on their physical location were as follows:

	June 30, 2019		December 31, 2018
Canada	$	121,494	$	64,687
Portugal		23,462		15,455
United States		2,497		—
Other countries		105		72
Total	$	147,558	$	80,214

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2019 USD ($)
Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Market value of common stock held by non affiliates	$ 700

Summary of Significant Accounting Policies - Summary of Estimated Useful Lives of Definite Life Intangible Assets (Detail)	6 Months Ended
	Jun. 30, 2019
Customer Relationships [Member]
Finite Lived Intangible Assets [Line Items]
Estimated useful lives of intangible assets	16 years
Customer Relationships [Member] \| Minimum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated useful lives of intangible assets	14 years
Customer Relationships [Member] \| Maximum [Member]
Finite Lived Intangible Assets [Line Items]
Estimated useful lives of intangible assets	16 years
Developed Technology [Member]
Finite Lived Intangible Assets [Line Items]
Estimated useful lives of intangible assets	10 years
Website [Member]
Finite Lived Intangible Assets [Line Items]
Estimated useful lives of intangible assets	3 years
Supply Contract [Member]
Finite Lived Intangible Assets [Line Items]
Estimated useful lives of intangible assets	3 years
Licenses [Member]
Finite Lived Intangible Assets [Line Items]
Estimated useful lives of intangible assets	2 years

Investments - Summary of Security Investments (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Investments Debt And Equity Securities [Abstract]
Investment in securities under available-for-sale method	$ 4,799	$ 1,845
Investment in securities under the cost method	12,262	15,066
Investment in joint venture under the equity method	6,134
Total investment in securities	$ 23,195	$ 16,911

Investments - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Schedule Of Available For Sale Securities [Line Items]
Investment in joint venture under the equity method	$ 6,134
Anheuser-Busch InBev [Member]
Schedule Of Available For Sale Securities [Line Items]
Percentage of ownership	50.00%
Percentage of voting interest	50.00%
Investment in joint venture under the equity method	$ 6,134
Long-term Investments [Member] \| Investment in Equities [Member]
Schedule Of Available For Sale Securities [Line Items]
Available-for-sale securities, Gross unrealized loss	$ 226	$ 802

Fair Value Measurement - Schedule of Assets Measured Fair Value on Recurring Basis (Detail) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total cash equivalents	$ 136,479	$ 203,761
Total investments	41,122	32,180
Contingent consideration	(49,581)
Total	128,020	235,941
Investment in Equity Securities under Available-for-Sale Method [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total investments	3,669	1,845
Investment in Debt Securities under Available-for-Sale Method [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total investments	1,130
Treasury Bills [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total investments		30,335
Money Market Fund [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total investments	36,323
Level 1 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total cash equivalents	136,479	203,761
Total investments	39,992	31,498
Total	176,471	235,259
Level 1 [Member] \| Investment in Equity Securities under Available-for-Sale Method [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total investments	3,669	1,163
Level 1 [Member] \| Treasury Bills [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total investments		30,335
Level 1 [Member] \| Money Market Fund [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total investments	36,323
Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total investments	1,130	682
Total	1,130	682
Level 2 [Member] \| Investment in Equity Securities under Available-for-Sale Method [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total investments		$ 682
Level 2 [Member] \| Investment in Debt Securities under Available-for-Sale Method [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total investments	1,130
Level 3 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Contingent consideration	(49,581)
Total	$ (49,581)

Fair Value Measurement - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Unrealized gain recorded in other comprehensive income	$ 6		$ 69
Transfers between levels of fair value hierarchy	$ 0	$ 0

Inventory - Schedule of Inventory (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Raw materials	$ 14,718	$ 2,132
Work-in-process	39,142	12,812
Finished goods	21,457	1,267
Total	$ 75,317	$ 16,211

Inventory - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Inventory Disclosure [Abstract]
Inventory write-downs	$ 201	$ 491	$ 525	$ 703

Prepaid Expenses and Other Current Assets - Schedule of Prepaid Expenses and Other Current Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Prepaid Expense And Other Assets Current [Abstract]
Deposits	$ 26,885	$ 1,511
Prepaid expenses	8,201	1,496
Other current assets	1,547
Total	$ 36,633	$ 3,007

Property and Equipment, Net - Summary of Property and Equipment (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 159,024	$ 87,714
Less: accumulated depreciation and amortization	(11,466)	(7,500)
Total	147,558	80,214
Land [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	5,717	4,498
Buildings and Leasehold Improvements [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	93,295	51,111
Laboratory and Manufacturing Equipment [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	22,791	6,131
Office and Computer Equipment [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	3,510	970
Assets under Capital Lease [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	10,069	9,661
Construction in Process [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 23,642	$ 15,343

Property and Equipment, Net - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Property Plant And Equipment [Line Items]
Property, plant and equipment additions			$ 68,853,000	$ 25,979,000
General Office Space and Equipment [Member]
Property Plant And Equipment [Line Items]
Depreciation expense	$ 239,000	$ 30,000	544,000	59,000
Construction in Process [Member]
Property Plant And Equipment [Line Items]
Capitalized interest	108,000	35,000	166,000	169,000
Cost of Sales [Member]
Property Plant And Equipment [Line Items]
Depreciation expense	$ 508,000	$ 157,000	$ 1,507,000	$ 259,000

Intangible Assets - Schedule of Intangible Assets (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Acquired Finite Lived Intangible Assets [Line Items]
Finite lived intangible asset, Accumulated Amortization	$ 5,855	$ 2,253
Total intangible asset, Cost	337,838	6,739
Total intangible asset, Net	331,983	4,486
Cultivation License [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Indefinite intangible asset, Cost	10,617
Trademarks [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Indefinite intangible asset, Cost	54,996
Rights under ABG Profit Participation Arrangement [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Indefinite intangible asset, Cost	$ 119,366
Customer Relationships [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in years)	16 years
Finite lived intangible asset, Cost	$ 135,147
Finite lived intangible asset, Accumulated Amortization	2,849
Finite lived intangible asset, Net	$ 132,298
Developed Technology [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in years)	10 years
Finite lived intangible asset, Cost	$ 7,027
Finite lived intangible asset, Accumulated Amortization	234
Finite lived intangible asset, Net	$ 6,793
Website [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in years)	2 years
Finite lived intangible asset, Cost	$ 4,231	3,755
Finite lived intangible asset, Accumulated Amortization	2,772	2,253
Finite lived intangible asset, Net	$ 1,459	1,502
Alef License [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in years)	2 years
Finite lived intangible asset, Cost	$ 4,086	2,984
Finite lived intangible asset, Net	$ 4,086	$ 2,984
Supply Contract [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in years)	3 years
Finite lived intangible asset, Cost	$ 2,368
Finite lived intangible asset, Net	$ 2,368

Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Finite Lived Intangible Assets [Line Items]
Finite lived intangible assets amortization expense, 2019	$ 5,080
Finite lived intangible assets amortization expense, 2020	9,964
Finite lived intangible assets amortization expense, 2021	9,306
Finite lived intangible assets amortization expense, 2022	9,229
Finite lived intangible assets amortization expense, 2023	9,205
Finite lived intangible assets amortization expense, thereafter	97,766
Intangible Assets Not Yet Available For Use [Member]
Finite Lived Intangible Assets [Line Items]
Net carrying value of intangible assets	$ 6,454	$ 3,027

Goodwill - Schedule of Change in Carrying Amount of Goodwill (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019 USD ($)
Goodwill [Line Items]
Foreign currency translation adjustment	$ 2,443
Goodwill, Ending balance	154,954
Manitoba Harvest
Goodwill [Line Items]
Acquisition	127,681
Natura
Goodwill [Line Items]
Acquisition	$ 24,830

Accounts Payable, Accrued Expenses and Other Current Liabilities - Summary of Accounts Payable, Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Accounts Payable, Accrued Liabilities and Other Current Liabilities [Line Items]
Accounts payable - trade	$ 24,287	$ 9,716
Accounts payable - related parties	81	933
Total accounts payable	24,368	10,649
Accrued interest on Convertible Notes	5,938	5,302
Accrued payroll	7,943	3,278
Accrued legal fees	486	565
Contingent consideration for acquisitions	49,581
Other accrued expenses and current liabilities	17,984	5,673
Total accrued expenses and other current liabilities	151,288	$ 14,818
Manitoba Harvest
Accounts Payable, Accrued Liabilities and Other Current Liabilities [Line Items]
Contingent consideration for acquisitions	$ 69,356

Convertible Notes - Additional Information (Detail) - Convertible Senior Notes Due 2023 $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2019 USD ($) $ / shares	Dec. 31, 2018 USD ($)
Debt Instrument [Line Items]
Debt instrument, face amount	$ 475,000	$ 475,000
Proceeds from issuance of debt	$ 460,134
Debt instrument interest payment term	The Convertible Notes bear interest at a rate of 5.00% per annum, payable semi-annually in arrears on April 1 and October 1 of each year, beginning on April 1, 2019.
Debt instrument interest rate	5.00%
Debt instrument maturity period	Oct. 01, 2023
Debt instrument, periodic payment of principal amount	$ 0
Debt instrument, term	5 years
Debt instrument, default condition	To the extent the Company so elects, the sole remedy for an event of default relating to certain failures by the Company to comply with certain reporting covenants in the Indenture will, for the first 365 days after such event of default, consist exclusively of the right to receive additional interest on the notes. Upon conversion, the Company will pay or deliver, as the case may be, cash, shares of our common stock or a combination of cash and shares of our common stock, at the Company’s election (the “cash conversion option”)
Conversion rate of convertible notes	5.9735
Conversion price per share \| $ / shares	$ 167.41
Transaction costs attributable to convertible notes	$ 13,467

Convertible Notes - Schedule of Components of Net Carrying Amount of Convertible Notes (Detail) - Convertible Senior Notes Due 2023 - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
5.00% Convertible Notes	$ 475,000	$ 475,000
Unamortized discount	37,866	41,687
Unamortized transaction costs	11,734	12,946
Net carrying amount	$ 425,400	$ 420,367

Convertible Notes - Schedule of Interest Expense Schedule of Interest Expense Related to Convertible Notes (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2019 USD ($)
Debt Instrument [Line Items]
Amortization of discount	$ 5,033
Convertible Senior Notes Due 2023
Debt Instrument [Line Items]
Contractual coupon interest	11,875
Amortization of discount	3,821
Amortization of transaction costs	1,212
Total	$ 16,908

Stockholders' Equity - Summary of Capital Stock (Detail)	6 Months Ended
	Jun. 30, 2019 $ / shares shares
Class 1 Common Stock [Member]
Class Of Stock [Line Items]
Common stock, par value \| $ / shares	$ 0.0001
Common stock, shares authorized \| shares	250,000,000
Common stock voting rights	10 votes for each share
Class 2 Common Stock [Member]
Class Of Stock [Line Items]
Common stock, par value \| $ / shares	$ 0.0001
Common stock, shares authorized \| shares	500,000,000
Common stock voting rights	1 vote for each share
Convertible Preferred Stock [Member]
Class Of Stock [Line Items]
Convertible preferred stock \| $ / shares	$ 0.0001
Convertible preferred stock shares authorized \| shares	10,000,000
Convertible preferred stock voting rights	N/A

Stockholders' Equity - Summary of Capital Stock (Parenthetical) (Detail)	Jun. 30, 2019 Vote
Class 1 Common Stock [Member]
Class Of Stock [Line Items]
Common stock, votes for each share	10
Class 2 Common Stock [Member]
Class Of Stock [Line Items]
Common stock, votes for each share	1

Stockholders' Equity - Additional Information (Detail) - Class 2 Common Stock [Member] - $ / shares	1 Months Ended
	Mar. 31, 2019	Feb. 28, 2019	Jan. 31, 2019
Natura Acquisition [Member]
Class Of Stock [Line Items]
Common stock issued, Shares		180,332
Share Price		$ 83.73
Manitoba Harvest Acquisition [Member]
Class Of Stock [Line Items]
Common stock issued, Shares	1,209,946
Share Price	$ 80.04
ABG Intermediate Holdings 2 LLC [Member]
Class Of Stock [Line Items]
Common stock issued, Shares	840,107		840,107
Share Price	$ 79.35		$ 79.35
Fair value of common stock, per share	$ 59.77		$ 89.13

General and Administrative Expenses - Schedule of General and Administrative Expenses (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
General And Administrative Expense [Abstract]
Salaries	$ 7,241	$ 2,260	$ 13,652	$ 3,357
Professional fees	4,208	1,174	6,665	2,656
Travel expenses	1,161	554	1,882	719
Other expenses	3,855	1,354	7,063	2,755
Total	$ 16,465	$ 5,342	$ 29,262	$ 9,487

Stock-Based Compensation - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Original Stock Option Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Allocated share-based compensation expense	$ 158,000	$ 169,000	$ 268,000	$ 200,000
Stock options granted			0	301,442
Unrecognized compensation expense	856,000		$ 856,000
Unrecognized stock-based compensation expense to be recognized in period, years			10 months 24 days
Fair values of stock option vested			$ 341,000	$ 85,000
2018 Equity Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Allocated share-based compensation expense	7,427,000	$ 5,432,000	$ 12,623,000	$ 5,432,000
2018 Equity Incentive Plan [Member] \| Time-based Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock options granted			10,000	5,479,196
Unrecognized compensation expense	30,068,000		$ 30,068,000
Unrecognized stock-based compensation expense to be recognized in period, years			2 years 4 months 24 days
Fair values of stock option vested			$ 5,500,000	$ 0
Weighted average fair values of stock options granted, per share			$ 28.88
2018 Equity Incentive Plan [Member] \| Performance-based Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock options granted			0	600,000
Unrecognized compensation expense	70,000		$ 70,000
Unrecognized stock-based compensation expense to be recognized in period, years			1 month 6 days
Fair values of stock option vested			$ 913,000		$ 1,246,000
2018 Equity Incentive Plan [Member] \| Time-based RSU [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation expense	42,691,000		$ 42,691,000
Unrecognized stock-based compensation expense to be recognized in period, years			2 years 8 months 12 days
Number of RSUs granted			756,825	140,000
2018 Equity Incentive Plan [Member] \| Performance-based RSUs [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation expense	$ 736,000		$ 736,000
Unrecognized stock-based compensation expense to be recognized in period, years			1 year
Number of RSUs granted				1,050,000
2018 Equity Incentive Plan [Member] \| Class 2 common stock [Member] \| Stock Options and Restricted Stock Units [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares are reserved for issuance	12,926,172		12,926,172

Stock-Based Compensation - Schedule of Stock Option Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Original Stock Option Plan [Member]
Stock options
Shares, Beginning Balance	592,594
Shares, Granted	0	301,442
Shares, Allocated to Tilray	143,794
Shares, Exercised	(13,370)
Shares, Forfeited	(6,310)
Shares, Cancelled	(1,042)
Shares, Ending Balance	715,666		592,594
Shares, Vested and expected to vest	644,381
Shares, Vested and exercisable	353,209
Weighted-average exercise price
Weighted-average exercise price, Beginning Balance	$ 4.14
Weighted-average exercise price, Allocated to Tilray	4.26
Weighted-average exercise price, Exercised	3.79
Weighted-average exercise price, Forfeited	4.24
Weighted-average exercise price, Cancelled	3.88
Weighted-average exercise price, Ending Balance	4.21		$ 4.14
Weighted-average exercise price, Vested and expected to vest	4.03
Weighted-average exercise price, Vested and exercisable	$ 3.18
Weighted-average remaining contractual term (years)
Weighted-average remaining contractual term	7 years 9 months 18 days		8 years 1 month 6 days
Weighted-average remaining contractual term, Vested and expected to vest	7 years 8 months 12 days
Weighted-average remaining contractual term, Vested and exercisable	7 years 2 months 12 days
Aggregate intrinsic value
Aggregate intrinsic value	$ 30,892		$ 989
Aggregate intrinsic value, Vested and expected to vest	27,933
Aggregate intrinsic value, Vested and exercisable	$ 15,610
2018 Equity Incentive Plan [Member] \| Time-based Stock Options [Member]
Stock options
Shares, Beginning Balance	6,015,041
Shares, Granted	10,000	5,479,196
Shares, Exercised	(488,840)
Shares, Forfeited	(46,162)
Shares, Ending Balance	5,490,039		6,015,041
Shares, Vested and expected to vest	5,281,387
Shares, Vested and exercisable	1,800,954
Weighted-average exercise price
Weighted-average exercise price, Beginning Balance	$ 13.54
Weighted-average exercise price, Granted	70.25
Weighted-average exercise price, Exercised	7.76
Weighted-average exercise price, Forfeited	28.27
Weighted-average exercise price, Ending Balance	14.03		$ 13.54
Weighted-average exercise price, Vested and expected to vest	13.85
Weighted-average exercise price, Vested and exercisable	$ 7.76
Weighted-average remaining contractual term (years)
Weighted-average remaining contractual term	8 years 10 months 24 days		7 years 8 months 12 days
Weighted-average remaining contractual term, Vested and expected to vest	8 years 10 months 24 days
Weighted-average remaining contractual term, Vested and exercisable	8 years 10 months 24 days
Aggregate intrinsic value
Aggregate intrinsic value	$ 189,799		$ 342,916
Aggregate intrinsic value, Vested and expected to vest	183,208
Aggregate intrinsic value, Vested and exercisable	$ 69,877
2018 Equity Incentive Plan [Member] \| Performance-based Stock Options [Member]
Stock options
Shares, Beginning Balance	600,000
Shares, Granted	0	600,000
Shares, Exercised	(80,000)
Shares, Ending Balance	520,000		600,000
Shares, Vested and expected to vest	518,991
Shares, Vested and exercisable	220,000
Weighted-average exercise price
Weighted-average exercise price, Beginning Balance	$ 7.76
Weighted-average exercise price, Exercised	7.76
Weighted-average exercise price, Ending Balance	7.76		$ 7.76
Weighted-average exercise price, Vested and expected to vest	7.76
Weighted-average exercise price, Vested and exercisable	$ 7.76
Weighted-average remaining contractual term (years)
Weighted-average remaining contractual term	8 years 10 months 24 days		9 years 4 months 24 days
Weighted-average remaining contractual term, Vested and expected to vest	8 years 10 months 24 days
Weighted-average remaining contractual term, Vested and exercisable	8 years 10 months 24 days
Aggregate intrinsic value
Aggregate intrinsic value	$ 20,176		$ 37,668
Aggregate intrinsic value, Vested and expected to vest	20,137
Aggregate intrinsic value, Vested and exercisable	$ 8,536

Stock-based Compensation - Schedule of RSU Activity (Detail) - 2018 Equity Incentive Plan [Member] - $ / shares	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Time-based RSU [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share equivalent, Beginning Balance	237,222
Share equivalent, Granted	756,825	140,000
Share equivalent, Issued on vesting	(35,000)
Share equivalent, Forfeited	(30,891)
Share equivalent, Ending Balance	928,156
Weighted-average grant date fair value, Beginning Balance	$ 49.86
Weighted-average grant date fair value, Granted	55.27
Weighted-average grant date fair value, Issued on Vesting	7.76
Weighted-average grant date fair value, Forfeited	61.47
Weighted-average grant date fair value, Ending Balance	$ 55.47
Performance-based RSUs [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share equivalent, Beginning Balance	1,050,000
Share equivalent, Granted		1,050,000
Share equivalent, Issued on vesting	(478,125)
Share equivalent, Ending Balance	571,875
Weighted-average grant date fair value, Beginning Balance	$ 7.76
Weighted-average grant date fair value, Issued on Vesting	7.76
Weighted-average grant date fair value, Ending Balance	$ 7.76

ABG Profit Participation Arrangement - Additional Information (Detail) - USD ($) $ in Thousands		1 Months Ended				3 Months Ended
	Jan. 14, 2019	Jun. 30, 2019	Mar. 31, 2019	Feb. 28, 2019	Jan. 31, 2019	Jun. 30, 2019	Mar. 31, 2018	Dec. 31, 2018
Class Of Stock [Line Items]
Stock issued during period, value, new issues							$ 8
Additional paid-in capital		$ 526,830				$ 526,830		$ 302,057
Other receivables		1,195				$ 1,195		$ 969
ABG Intermediate Holdings Two LLC
Class Of Stock [Line Items]
Percentage of participation rights	49.00%
Term of receipt of guaranteed minimum revenue	10 years
Cash paid		16,667		$ 13,333	$ 20,000
Proceeds from participation rights distributions		$ 5,000
Discount rate		12.00%				12.00%
Indefinite intangible asset, Cost		$ 119,366				$ 119,366
Additional paid-in capital		30,292				30,292
Other receivables		435				435
Deposits assets		$ 6,910				6,910
Reversal of deferred tax liabilities						$ 31,730
ABG Intermediate Holdings Two LLC \| Minimum [Member]
Class Of Stock [Line Items]
Guaranteed minimum receipt	$ 10,000
ABG Intermediate Holdings Two LLC \| Class 2 Common Stock [Member]
Class Of Stock [Line Items]
Common stock issued, Shares			840,107		840,107
Stock issued during period, value, new issues					$ 83,333

Business Combinations - Revised Purchase Price (Details) - Manitoba Harvest
$ in Thousands

Feb. 28, 2019

USD ($)

Business Acquisition [Line Items]

Cash paid on closing

$ 114,591

Cash payable six months after closing

37,490

Working capital adjustment

274

Contingent consideration

29,207

Total fair value of consideration transferred

310,272

Class2 Common Stock

Business Acquisition [Line Items]

Class 2 common stock issued on closing

96,844

^[1]

Class 2 common stock issuable six months after closing

$ 31,866

^[1]

[1]	1,209,946 shares of Class 2 common stock were issued on closing. The amount of Class 2 common stock issuable six months after closing will be the determined in accordance with the Manitoba Harvest acquisition agreement based on the trading price of the shares

Business Combinations - Revised Preliminary Purchase Price (Details) (Parenthetical)	1 Months Ended
	Feb. 28, 2019 shares
Manitoba Harvest \| Class2 Common Stock
Business Acquisition [Line Items]
Common stock issued	1,209,946

Business Combinations - Additional Information (Details) $ in Thousands, $ in Thousands					3 Months Ended				6 Months Ended
	Feb. 28, 2019 USD ($)	Feb. 28, 2019 CAD ($)	Feb. 15, 2019 USD ($)	Feb. 15, 2019 CAD ($)	Jun. 30, 2019 USD ($)	Mar. 31, 2019 USD ($)	Jun. 30, 2018 USD ($)	Mar. 31, 2018 USD ($)	Jun. 30, 2019 USD ($)	Jun. 30, 2018 USD ($)
Business Acquisition [Line Items]
Increase in inventory									$ 38,729	$ 428
Increase in accounts payable									692	8,019
Decrease in accrued expenses and other current liabilities									9,453	1,652
Goodwill					$ 154,954				154,954
Revenue					45,904		$ 9,744		68,942	17,552
Net earnings loss					35,053	$ 30,301	$ 12,833	$ 5,181	65,354	$ 18,014
Manitoba Harvest
Business Acquisition [Line Items]
Total fair value of consideration transferred	$ 310,272
Contingent consideration increased (decreased)					547
Increase in inventory					20
Increase (decrease) in property and equipment					47
Increase in accounts payable					321
Decrease in accrued expenses and other current liabilities					(147)
Decrease in accrued obligations under capital lease					(321)
Decrease in goodwill					(312)
Increase (decrease) in deferred tax liability					160
Business Combination, Acquisition Related Expenses	1,328
Goodwill	127,681
Gross Contractual Amount					6,340				6,340
Business Combination, Acquired Receivables, Estimated Uncollectible					133				133
Revenue					19,895				25,516
Net earnings loss					2,692				4,868
Manitoba Harvest \| Developed Technology [Member]
Business Acquisition [Line Items]
Finite lived intangible assets, period increase (decrease)					76
Manitoba Harvest \| Customer Relationships [Member]
Business Acquisition [Line Items]
Finite lived intangible assets, period increase (decrease)					456
Natura Naturals Holdings Inc
Business Acquisition [Line Items]
Total fair value of consideration transferred			$ 54,232
Contingent consideration increased (decreased)									(580)
Increase (decrease) in property and equipment					(211)
Decrease in goodwill					(3,541)
Increase (decrease) in deferred tax liability					(4,319)
Business Combination, Acquisition Related Expenses			824
Goodwill			$ 24,830
Revenue					5,835				8,131
Net earnings loss					(1,305)				$ 515
Acquired percentage of issued and outstanding shares			97.00%	97.00%
Natura Naturals Holdings Inc \| Promissory Notes
Business Acquisition [Line Items]
Total fair value of consideration transferred			$ 26,205	$ 34,500
Natura Naturals Holdings Inc \| Licenses [Member]
Business Acquisition [Line Items]
Finite lived intangible assets, period increase (decrease)					(378)
Natura Naturals Holdings Inc \| Supply Contract [Member]
Business Acquisition [Line Items]
Finite lived intangible assets, period increase (decrease)					$ (189)
Maximum [Member] \| Manitoba Harvest
Business Acquisition [Line Items]
Total fair value of consideration transferred	$ 37,129	$ 49,000

Business Combinations - Revised Preliminary Allocation Of The Purchase Price To Assets acquired And Liabilities Assumed (Details) - USD ($) $ in Thousands		6 Months Ended
	Feb. 28, 2019	Jun. 30, 2019
Assets
Goodwill		$ 154,954
Developed Technology [Member]
Business Acquisition [Line Items]
Weighted Average Amortization Period (in years)		10 years
Customer Relationships [Member]
Business Acquisition [Line Items]
Weighted Average Amortization Period (in years)		16 years
Customer Relationships [Member] \| Minimum [Member]
Business Acquisition [Line Items]
Weighted Average Amortization Period (in years)		14 years
Customer Relationships [Member] \| Maximum [Member]
Business Acquisition [Line Items]
Weighted Average Amortization Period (in years)		16 years
Manitoba Harvest
Assets
Cash and cash equivalents	$ 5,534
Accounts receivable	6,207
Inventory	15,331
Prepaid expenses and other current assets	1,030
Property and equipment	23,581
Goodwill	127,681
Total assets	375,330
Liabilities
Accounts payable	4,973
Accrued expenses and other current liabilities	4,911
Deferred tax liability	55,174
Total liabilities	65,058
Net assets acquired	310,272
Manitoba Harvest \| Trademarks [Member]
Assets
Intangible assets	$ 54,688
Manitoba Harvest \| Developed Technology [Member]
Business Acquisition [Line Items]
Weighted Average Amortization Period (in years)	10 years
Assets
Intangible assets	$ 6,988
Manitoba Harvest \| Customer Relationships [Member]
Assets
Intangible assets	$ 134,290
Manitoba Harvest \| Customer Relationships [Member] \| Minimum [Member]
Business Acquisition [Line Items]
Weighted Average Amortization Period (in years)	14 years
Manitoba Harvest \| Customer Relationships [Member] \| Maximum [Member]
Business Acquisition [Line Items]
Weighted Average Amortization Period (in years)	16 years

Business Combinations - Preliminary Purchase Price (Details) - Natura Naturals Holdings Inc
$ in Thousands

Feb. 15, 2019

USD ($)

Business Acquisition [Line Items]

Cash paid on closing

$ 15,252

Contingent consideration

20,007

Fair value of previously held interest

1,565

^[1]

Effective settlement of pre-existing debt

2,308

^[2]

Total fair value of consideration transferred

54,232

Class2 Common Stock

Business Acquisition [Line Items]

Class 2 common stock issued on closing

$ 15,100

^[3]

[1]	The fair value of the Company’s investment in Natura on the acquisition date was determined based on the fair value of total consideration transferred and reflected book value on the acquisition date.
[2]	The Company held $3,000 CAD convertible debt of Natura at the acquisition date. On acquisition, this debt and related accrued interest was effectively settled.
[3]	180,332 shares of Class 2 common stock issued on closing.

Business Combinations - Preliminary Purchase Price (Details) (Parenthetical) $ in Thousands	Feb. 15, 2019 CAD ($) shares
Business Acquisition [Line Items]
Convertible Debt \| $	$ 3,000
Natura Naturals Holdings Inc \| Class2 Common Stock
Business Acquisition [Line Items]
Common stock issued \| shares	180,332

Business Combinations - Preliminary Allocation Of The Purchase Price To Assets acquired And Liabilities Assumed (Details) - USD ($) $ in Thousands		6 Months Ended
	Feb. 15, 2019	Jun. 30, 2019
Assets
Goodwill		$ 154,954
Supply Contract [Member]
Business Acquisition [Line Items]
Weighted Average Amortization Period (in years)		3 years
Licenses [Member]
Business Acquisition [Line Items]
Weighted Average Amortization Period (in years)		2 years
Natura Naturals Holdings Inc
Assets
Cash and cash equivalents	$ 169
Accounts receivable	109
Inventory	3,482
Prepaid expenses and other current assets	166
Property and equipment	17,435
Goodwill	24,830
Total assets	59,025
Liabilities
Accounts payable	3,280
Accrued expenses and other current liabilities	876
Deferred tax liability	637
Total liabilities	4,793
Net assets acquired	$ 54,232
Natura Naturals Holdings Inc \| Supply Contract [Member]
Business Acquisition [Line Items]
Weighted Average Amortization Period (in years)	3 years
Assets
Intangible assets	$ 2,340
Natura Naturals Holdings Inc \| Licenses [Member]
Assets
Intangible assets	$ 10,494

Business Combinations - Schedule of Pro Forma Information (Details) - Manitoba Harvest and Natura - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Business Acquisition [Line Items]
Revenue	$ 79,707	$ 54,070
Net loss	$ (68,182)	$ (23,856)
Net loss per share - basic and diluted	$ (0.71)	$ (0.31)

Financial Instruments - Additional Information (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2019 USD ($)
Financial Instruments [Abstract]
Change in exchange rate	10.00%
Carrying value of net asset	$ 2,299

Related Party Transactions - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Schedule of Other Related Party Transactions [Line Items]
Accounts payable - related parties	$ 81,000		$ 81,000		$ 933,000
Privateer [Member]
Schedule of Other Related Party Transactions [Line Items]
Management service fees expense		$ 233,000	106,000	$ 417,000
Accounts payable - related parties	0		$ 0		$ 3,878,000
Personnel compensation mark up percentage			3.00%
Privateer [Member] \| Property and Equipment [Member]
Schedule of Other Related Party Transactions [Line Items]
Reimbursement of leasehold improvements cost	2,070,000		$ 2,070,000
Privateer [Member] \| Deposits and Other Assets [member]
Schedule of Other Related Party Transactions [Line Items]
Reimbursement of security deposit cost	$ 1,000,000		$ 1,000,000
Privateer [Member] \| Class 2 common stock [Member]
Schedule of Other Related Party Transactions [Line Items]
Percentage of ownership	100.00%		100.00%
Privateer [Member] \| Minimum [Member] \| Class 1 common stock [Member]
Schedule of Other Related Party Transactions [Line Items]
Percentage of ownership	10.00%		10.00%
Ten Eleven [Member]
Schedule of Other Related Party Transactions [Line Items]
Management service fees expense	$ 75,000	$ 0	$ 125,000	$ 0
Accounts payable - related parties	$ 73,000		$ 73,000
Ten Eleven [Member] \| Minimum [Member] \| Class 1 common stock [Member]
Schedule of Other Related Party Transactions [Line Items]
Percentage of ownership	10.00%		10.00%
Ten Eleven [Member] \| Minimum [Member] \| Class 2 common stock [Member]
Schedule of Other Related Party Transactions [Line Items]
Percentage of ownership	10.00%		10.00%

Business Segment Information - Additional Information (Detail)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019 USD ($)	Jun. 30, 2018 USD ($)	Jun. 30, 2019 USD ($) Segment	Jun. 30, 2018 USD ($)	Dec. 31, 2018
Segment Reporting Information [Line Items]
Number of operating segment \| Segment			1
Excise taxes \| $	$ 3,862,000	$ 0	$ 5,776,000	$ 0
Customer Concentration Risk [Member] \| Revenue [Member] \| Customer A [Member]
Segment Reporting Information [Line Items]
Concentration risk percentage	15.00%	36.00%	13.00%	31.00%
Customer Concentration Risk [Member] \| Revenue [Member] \| Customer B [Member]
Segment Reporting Information [Line Items]
Concentration risk percentage	11.00%		11.00%
Customer Concentration Risk [Member] \| Revenue [Member] \| Customer C [Member]
Segment Reporting Information [Line Items]
Concentration risk percentage	10.00%
Customer Concentration Risk [Member] \| Accounts Receivable [Member] \| Customer A [Member]
Segment Reporting Information [Line Items]
Concentration risk percentage			16.00%		30.00%
Customer Concentration Risk [Member] \| Accounts Receivable [Member] \| Customer B [Member]
Segment Reporting Information [Line Items]
Concentration risk percentage					16.00%

Business Segment Information - Summary of Sources of Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Segment Reporting Information [Line Items]
Revenues	$ 45,904	$ 9,744	$ 68,942	$ 17,552
Dry Cannabis [Member]
Segment Reporting Information [Line Items]
Revenues	21,866	5,246	32,802	9,869
Cannabis Extracts [Member]
Segment Reporting Information [Line Items]
Revenues	3,899	4,439	10,353	7,545
Food Products [Member]
Segment Reporting Information [Line Items]
Revenues	19,935		25,517
Accessories And Other [Member]
Segment Reporting Information [Line Items]
Revenues	$ 204	$ 59	$ 270	$ 138

Business Segment Information - Summary of Revenue Attributed to a Geographic Region Based on the Location of the Customer (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Segment Reporting Information [Line Items]
Revenues	$ 45,904	$ 9,744	$ 68,942	$ 17,552
CANADA [Member]
Segment Reporting Information [Line Items]
Revenues	30,329	9,399	47,331	17,012
UNITED STATES [Member]
Segment Reporting Information [Line Items]
Revenues	10,730		14,955
Other Countries [Member]
Segment Reporting Information [Line Items]
Revenues	$ 4,845	$ 345	$ 6,656	$ 540

Business Segment Information - Summary of Long-lived Assets Consisting of Property and Equipment, Net of Accumulated Depreciation, Attributed to Geographic Regions Based On Their Physical Location (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Property and equipment, net of accumulated depreciation	$ 147,558	$ 80,214
CANADA [Member]
Segment Reporting Information [Line Items]
Property and equipment, net of accumulated depreciation	121,494	64,687
PORTUGAL [Member]
Segment Reporting Information [Line Items]
Property and equipment, net of accumulated depreciation	23,462	15,455
Other Countries [Member]
Segment Reporting Information [Line Items]
Property and equipment, net of accumulated depreciation	105	$ 72
UNITED STATES [Member]
Segment Reporting Information [Line Items]
Property and equipment, net of accumulated depreciation	$ 2,497

Subsequent Event - Additional Information (Details) - Jul. 11, 2019 - Subsequent Event [Member] - Smith & Sinclair [Member] £ in Thousands, $ in Thousands	USD ($) shares	GBP (£)
Subsequent Event [Line Items]
Cash paid on closing \| $	$ 2,409
Class 2 Common Stock [Member]
Subsequent Event [Line Items]
Common stock issued \| shares	79,289
Class 2 Common Stock [Member] \| Maximum [Member]
Subsequent Event [Line Items]
Contingent consideration	$ 3,095	£ 2,472