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Cover	6 Months Ended
Cover	Jun. 30, 2019
Cover page.
Document Type	S-4/A
Amendment Flag	false
Document Period End Date	Jun. 30, 2019
Entity Registrant Name	Tilray, Inc.
Entity Central Index Key	0001731348
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Dec. 31, 2017
Current assets
Cash and cash equivalents	$ 184,551	$ 487,255	$ 2,323
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	983
Other receivables	1,195	969	1,131
Inventory	75,317	16,211	7,421
Prepaid expenses and other current assets	36,633	3,007	545
Total current assets	358,631	554,302	12,403
Property and equipment, net	147,558	80,214	39,985
Intangible assets, net	331,983	4,486	934
Goodwill	154,954
Investments	23,195	16,911
Deposits and other assets	7,810	754	626
Total assets	1,024,131	656,667	53,948
Current liabilities
Accounts payable	24,368	10,649	5,563
Accrued expenses and other current liabilities	151,288	14,818	2,021
Accrued obligations under capital lease	252	470	379
Current portion of long-term debt			9,432
Privateer Holdings debt facilities			32,826
Total current liabilities	175,908	25,937	50,221
Accrued obligations under capital lease	9,032	8,286	8,579
Deferred tax liability	53,624	4,424
Convertible Notes, net of issuance cost	425,400	420,367
Total liabilities	663,964	459,014	58,800
Stockholders' equity
Capital stock (none authorized, issued or outstanding at December 31, 2018; 1 share authorized, issued and outstanding at December 31, 2017)		0	0
Additional paid-in capital	526,830	302,057	31,736
Accumulated other comprehensive income	6,858	3,763	3,866
Accumulated deficit	(173,531)	(108,177)	(40,454)
Total stockholders' equity	360,167	197,653	(4,852)
Total liabilities and stockholders' equity	1,024,131	656,667	$ 53,948
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	Dec. 31, 2017
Accounts receivable, allowances	$ 1,854	$ 292	$ 8
Capital stock, shares authorized		0	1
Capital stock, shares issued		0	1
Capital stock, shares outstanding		0	1
Class 1 common stock [Member]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	250,000,000	250,000,000	0
Common stock, shares issued	16,666,667	16,666,667	0
Common stock, shares outstanding	16,666,667	16,666,667	0
Class 2 common stock [Member]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	500,000,000	500,000,000	0
Common stock, shares issued	80,690,864	76,504,200	0
Common stock, shares outstanding	80,690,864	76,504,200	0

Condensed Consolidated Statements of Net Loss and Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Revenue	$ 45,904	$ 9,744	$ 68,942	$ 17,552	$ 43,130	$ 20,538	$ 12,644
Cost of sales	33,631	5,567	51,284	9,479	28,855	9,161	9,974
Gross margin	12,273	4,177	17,658	8,073	14,275	11,377	2,670
General and administrative expenses	16,465	5,342	29,262	9,487	31,307	8,401	4,890
Sales and marketing expenses	14,366	3,305	22,187	5,568	15,366	7,164	3,599
Depreciation and amortization expense	2,385	281	4,248	503	1,598	902	591
Stock-based compensation expense	7,585	5,601	12,891	5,632	20,988	139	94
Research and development expenses	1,528	639	2,576	1,614	4,264	3,171	1,136
Acquisition and integration expenses	2,464		6,888
Operating loss	(32,520)	(10,991)	(60,394)	(14,731)	(57,650)	(7,498)	(7,049)
Foreign exchange (gain) loss, net	(1,611)	1,358	(1,432)	2,504	7,234	(1,363)	(186)
Interest expense, net	8,586	497	17,331	913	9,110	1,686	1,019
Other (income) expense, net	(2,035)	(76)	(4,380)	(197)	(1,820)	(12)	1
Loss before income taxes	(37,248)	(12,770)	(71,566)	(17,951)	(72,174)	(7,809)	(7,883)
Deferred income tax recovery	(2,642)		(6,419)		(4,485)
Current income tax expense	447	63	207	63	34
Net loss	$ (35,053)	$ (12,833)	$ (65,354)	$ (18,014)	$ (67,723)	$ (7,809)	$ (7,883)
Net loss per share - basic and diluted	$ (0.36)	$ (0.17)	$ (0.68)	$ (0.24)	$ (0.82)	$ (0.10)	$ (0.11)
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	83,009,656	75,000,000	75,000,000
Net loss	$ (35,053)	$ (12,833)	$ (65,354)	$ (18,014)	$ (67,723)	$ (7,809)	$ (7,883)
Foreign currency translation gain	2,924	(86)	2,449	(87)	662	282	418
Unrealized (loss) gain on cash equivalents and investments	(762)		646		(765)
Other comprehensive income (loss)	2,162	(86)	3,095	(87)
Comprehensive loss	(32,891)	$ (12,919)	(62,259)	$ (18,101)	$ (67,826)	$ (7,527)	$ (7,465)
ABG Intermediate Holdings Two LLC [Member]
Finance income from ABG Profit Participation Arrangement	$ (212)		$ (347)

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Convertible Preferred Stock [Member]	Natura [Member]	Manitoba Harvest [Member]	ABG Intermediate Holdings 2 LLC [Member]	Common Stock [Member]	Common Stock [Member] Natura [Member]	Common Stock [Member] Manitoba Harvest [Member]	Common Stock [Member] ABG Intermediate Holdings 2 LLC [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 Intermediate Holdings 2 LLC [Member]	Accumulated Other Comprehensive Income [Member]	Accumulated Deficit [Member]
Beginning Balance at Dec. 31, 2015	$ 9,899									$ 31,495				$ 3,166	$ (24,762)
Stock-based compensation expense	94									94
Foreign currency translation gain	418													418
Net loss	(7,883)														(7,883)
Ending Balance at Dec. 31, 2016	2,528									31,589				3,584	(32,645)
Contributions	8									8
Stock-based compensation expense	139									139
Foreign currency translation gain	282													282
Net loss	(7,809)														(7,809)
Ending Balance at Dec. 31, 2017	(4,852)									31,736				3,866	(40,454)
Conversion of convertible preferred stock	52,640	$ 1								52,639
Conversion of convertible preferred stock, Shares		7,794,042
Issuance of common stock, net of issuance cost	8					$ 8
Issuance of common stock, net of issuance cost, 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)									31,736				3,866	(40,454)
Foreign currency translation gain	(87)
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 Dec. 31, 2017	(4,852)									31,736				3,866	(40,454)
Issuance of convertible preferred stock net of issuance costs	52,560	$ 2								52,558
Issuance of convertible preferred stock net of issuance costs, Shares		7,794,042
Conversion of convertible preferred stock		$ (2)				$ 2
Conversion of convertible preferred stock, Shares		(7,794,042)				7,794,042
Issuance of common stock, net of issuance cost	160,792					$ 8				160,784
Issuance of common stock, net of issuance cost, Shares						85,350,000
Stock-based compensation expense	20,988									20,988
Foreign currency translation gain	662													662
Deferred tax liability related to convertible senior notes due 2023, net of issuance costs	(8,809)									(8,809)
Unrealized gain (loss) on cash equivalents and investments	(765)													(765)
Issuance of shares for Alef acquisition	2,855									2,855
Issuance of shares for Alef acquisition, Shares						26,825
Equity component related to issuance of convertible senior notes due 2023, net of issuance costs	41,945									41,945
Net loss	(67,723)														(67,723)
Ending Balance at Dec. 31, 2018	197,653					$ 10				302,057				3,763	(108,177)
Ending Balance, Shares at Dec. 31, 2018						93,170,867
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
Foreign currency translation gain	(86)
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
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
Issuance of shares for Alef acquisition			$ 15,100	$ 96,844	$ 125,097						$ 15,100	$ 96,844	$ 125,097
Issuance of shares for Alef acquisition, Shares							180,332	1,209,946	1,680,214
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
Foreign currency translation gain	2,449
Unrealized gain (loss) on cash equivalents and investments	646
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 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
Foreign currency translation gain	2,924
Unrealized gain (loss) on cash equivalents and investments	(762)
Issuance of shares for Alef acquisition	70									70
Issuance of shares for Alef acquisition, Shares						28,361
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		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Operating activities
Net loss	$ (35,053)	$ (65,354)	$ (18,014)	$ (67,723)	$ (7,809)	$ (7,883)
Adjusted for the following items:
Foreign currency (gain) loss		(88)	2,450	6,477	(1,363)	(187)
Provision for doubtful accounts		795		285		9
Inventory write-downs	201	525	703	384	204	234
Depreciation and amortization		5,755	1,148	3,562	1,853	1,953
Stock-based compensation expense	7,585	12,891	5,632	20,988	139	94
Non-cash interest expense		141	509	5,669	693	772
(Gain) Loss on disposal of property and equipment		112	(2)	(2)	11	2
Deferred income tax recovery	(2,642)	(6,419)		(4,485)
Loss on sale of investment				6
Amortization of discount on Convertible Notes		5,033		2,180
Changes in non-cash working capital:
Accounts receivable		(1,993)	(840)	(16,512)	(507)	317
Other receivables		(226)	(2,701)	101	(1,187)	(1)
Inventory		(38,729)	(428)	(9,226)	(3,295)	693
Prepaid expenses and other current assets		(31,963)	(1,033)	(2,588)	(433)	(8)
Accounts payable		692	8,019	5,218	4,728	122
Due to related parties		(852)
Accrued expenses and other current liabilities		9,453	1,652	9,418	963	565
Net cash used in operating activities		(110,227)	(2,905)	(46,248)	(6,003)	(3,318)
Investing activities
Investment in joint venture with AB InBev		(6,134)
Change in deposits and other assets		314	(23)		(397)	6
Purchases of short-term and non-current investments		(8,380)	(29,394)	(319,373)
Proceeds from sale and maturities of short-term investments			29,393
Proceeds from sale of short-term investments				274,497
Purchases of property and equipment		(26,263)	(28,237)	(50,198)	(10,910)	(488)
Disposals of property and equipment			11	713	23
Purchases of intangible assets		(367)	(703)	(4,259)	(531)	(543)
Net cash used in investing activities		(198,577)	(28,953)	(98,620)	(11,815)	(1,025)
Financing activities
Repayment under Privateer Holdings debt facilities				(36,940)
Advances under Privateer debt and construction facilities			3,810	3,453	6,039	4,406
Minimum lease payments under capital lease		(377)	(339)		(199)
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	460,269
Net cash provided by financing activities		5,704	56,028	630,998	12,235	10,919
Proceeds from Preferred Shares - Series A, net of transaction costs				52,560
Repayment of mortgage debt				(9,136)
Proceeds from mortgage debt						9,062
Payments on long-term debt						(2,190)
Long-term debt financing costs						(359)
Proceeds from issuance of common stock pursuant to IPO				176,091
Payment of costs from issuance of common stock pursuant to IPO				(15,299)
Effect of foreign currency translation on cash and cash equivalents		396	(1,162)	(1,198)	375	226
(Decrease) increase in cash and cash equivalents		(302,704)	23,008	484,932	(5,208)	6,802
Cash and cash equivalents, beginning of period		487,255	2,323	2,323	7,531	729
Cash and cash equivalents, end of period	184,551	184,551	25,331	487,255	2,323	7,531
Supplemental Disclosure for Cash Flow Information
Cash paid for interest		11,779	$ 573	1,189	1,157	$ 295
Non-cash investing
Addition to property and equipment under capital lease				114	8,958
Acquisition of Manitoba Harvest				2,855
Acquisition of investments		70
Non-cash financing activities
Capital lease obligation					8,958
Conversion of preferred stock to common stock				$ 2
Privateer Holdings Construction Facility [Member]
Financing activities
Advances under Privateer debt and construction facilities					$ 6,395
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
Acquisition of Manitoba Harvest		195,407
Natura
Investing activities
Acquisition of Manitoba Harvest, net of cash acquired		(15,083)
Non-cash investing
Acquisition of Manitoba Harvest		38,980
Investment In ABG [Member]
Investing activities
Investment in ABG Profit Participation Arrangement		(33,333)
Non-cash investing
Investment in ABG Profit Participation Arrangement, net of receivable		$ 94,805

Description of Business and Summary	12 Months Ended
Description of Business and Summary	Dec. 31, 2018
Accounting Policies [Abstract]
Description of Business and Summary	1. Description of Business and Summary Tilray, Inc. (the “Company”) was incorporated in Delaware on January 24, 2018 as a wholly owned subsidiary of Privateer Holdings, Inc. (“Privateer Holdings”). On January 25, 2018, Privateer Holdings transferred the equity interest in Decatur Holdings, B.V. (“Decatur”) to Tilray, Inc. Decatur was subsequently dissolved on December 27, 2018. Prior to the incorporation of Decatur on March 8, 2016, the four wholly owned subsidiaries of Privateer Holdings consisted of Tilray Canada, Ltd., Dorada Ventures, Ltd., Gatenhielm Group, CV, and High Park Farms, Ltd. and were capitalized with a nominal amount for each capital stock. In 2016, Privateer Holdings made capital contributions to Tilray Canada, Ltd. in the aggregate amount of $31,495. The equity interests of the four wholly owned subsidiaries were transferred to Decatur upon incorporation in 2016. Subsequent to its formation, Decatur incorporated Tilray Deutschland GmbH, Tilray Portugal Unipessoal, Lda., Pardel Holdings, Lda. and Tilray Australia New Zealand Pty. Ltd. The transfers of the equity interests described above were between entities under common control and were recorded at their carrying amounts. The consolidated financial statements of the Company (the “financial statements”) are prepared, on a continuity of interest basis, reflecting the historical financial information of Decatur prior to January 25, 2018. The principal activities of the Company are the production and sale of medical and adult-use cannabis in Canada, as well as export and sale of medical cannabis from Canada into other jurisdictions. These activities were previously regulated by the Access to Cannabis for Medical Purposes Regulations (“ACMPR”) under the Controlled Drugs and Substances Act; on October 17, 2018, the ACMPR was superseded by the Cannabis Regulations under the Cannabis Act. The Company’s license to cultivate, process and sell medical cannabis products in Canada was first granted on March 24, 2014. Subsequently, the Company received a Licensed Dealer designation under Canada’s Narcotic Control Regulations (“NCR”) from Health Canada, allowing the Company to sell medical cannabis in Canada and export medical cannabis products to other countries in accordance with applicable laws. These licenses have now been consolidated under the Cannabis Regulations.

Summary of Significant Accounting Policies

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

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.

2. Summary of Significant Accounting Policies

Basis of presentation

The accompanying consolidated financial statements (the “financial statements”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). To the extent relevant, the financial statements include expense allocations for certain corporate functions historically provided by Privateer Holdings. The assumptions underlying the financial statements, including the assumptions regarding allocated expenses, reasonably reflect the utilization of services provided to or the benefit received by the Company during the periods presented. The allocations may not however reflect the expenses the Company has incurred or will incur as a stand-alone company for the periods presented. Actual costs that may have been incurred if the Company had been a stand-alone company would depend on a number of factors, including the chosen organizational structure, which functions were outsourced or performed by employees and strategic decisions made in areas such as treasury, information technology, financial reporting and oversight.

The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, as modified by the Jumpstart Our Business Start-ups Act of 2012, (the “JOBS Act”). Section 107 of the JOBS Act provides that an emerging growth company can take advantage of the extended transition period provided in Section 13(a) of the Securities Exchange Act of 1934, as amended, for complying with new or revised accounting standards applicable to public companies. In other words, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. The Company has elected to take advantage of this extended transition period. As a result of this election, the Company’s financial statements may not be comparable to companies that comply with public company effective dates for such new or revised standards.

Basis of consolidation

These financial statements include the accounts of the following entities wholly owned by the Company as of December 31, 2018:


Name of entity	Date of formation	Place of incorporation
Tilray Canada, Ltd.	September 6, 2013	British Columbia, Canada
Dorada Ventures, Ltd.	October 18, 2013	British Columbia, Canada
High Park Farms, Ltd.	February 19, 2016	British Columbia, Canada
Tilray Deutschland GmbH	November 3, 2016	Germany
Tilray Portugal Unipessoal, Lda.	April 5, 2017	Portugal
Pardal Holdings, Lda.	April 24, 2017	Portugal
Tilray Australia New Zealand Pty. Ltd.	May 9, 2017	Australia
High Park Holdings, Ltd.	February 8, 2018	British Columbia, Canada
National Cannabinoid Clinics Pty Ltd.	September 19, 2018	Australia
Tilray Latin America SpA	November 5, 2018	Chile
Tilray Portugal II, Lda.	December 11, 2018	Portugal

Tilray, Inc. was incorporated in Delaware in January 2018. Prior to January 2018, we operated our business under Decatur, which was formed in March 2016. Decatur was incorporated under the laws of the Netherlands on March 8, 2016 as a wholly owned subsidiary of Privateer Holdings to hold a 100% ownership interest in the underlying entities included above. Decatur has been dissolved as of December 31, 2018. The entities listed above are wholly owned by the Company and have been formed to support the intended operations of the Company and all intercompany transactions and balances have been eliminated in the financial statements of the Company.

Use of estimates

The preparation of the financial statements in conformity with U.S. GAAP requires management to make judgments, estimates and assumptions that affect the reported amounts in the financial statements and accompanying notes. Actual results may differ from these estimates. Key estimates in these financial statements include the allowance for doubtful accounts, inventory write-downs, capitalization of internally developed software costs, estimated useful lives of property, plant and equipment and intangible assets, valuation allowance on deferred income tax assets, fair value of stock options granted under Privateer Holdings’ equity-based compensation plan (the “Original Plan”) and the new 2018 Equity Incentive Plan (the “New Plan”) and the fair value of the Convertible Senior Notes due 2023 (“Convertible Notes”) and equity component.

Foreign currency

These financial statements are presented in the United States dollar (“USD”), which is the Company’s reporting currency. Functional currencies for the entities in these financial statements are their respective local currencies, including the Canadian dollar (“CAD”), Australian dollar, Chilean Peso and the Euro.

The assets and liabilities of each entity are translated to USD at the exchange rate in effect as at December 31, 2018 and 2017. Certain transactions affecting the stockholders’ equity (deficit) are translated at historical foreign exchange rates. The statements of net loss and comprehensive loss and statements of cash flows are translated to USD applying the average foreign exchange rate in effect during the reporting period. The resulting translation adjustments are included in other comprehensive loss.

Monetary assets and liabilities denominated in foreign currencies are translated to the functional currency by applying the foreign exchange rate in effect at the balance sheet date. Revenues and expenses are translated using the average foreign exchange rate for the reporting period. Realized and unrealized foreign currency differences are recognized in the statement of net loss and comprehensive loss.

Net loss per share

Basic net loss per share is computed by dividing reported net loss by the weighted average number of common shares outstanding for the reported period. Diluted net loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock of the Company during reported periods. Diluted net loss per share is computed by dividing net loss by the sum of the weighted average number of common shares and the number of dilutive potential common share equivalents outstanding during the period. Potential dilutive common share equivalents consist of the incremental common shares issuable upon the exercise of vested share options and the incremental shares issuable upon conversion of the Convertible Notes. Potential dilutive common share equivalents consist of stock options, restricted stock units (“RSUs”) and restricted stock awards.

In computing diluted earnings per share, common share equivalents are not considered in periods in which a net loss is reported, as the inclusion of the common share equivalents would be anti-dilutive. As of December 31, 2018, there were 7,902,263 common share equivalents with potential dilutive impact. Since the Company is in a net loss for all periods presented in these financial statements, there is no difference between the Company’s basic and diluted net loss per share for the periods presented. There were no common share equivalents that would have a dilutive impact in 2016 and 2017.

Cash and cash equivalents

Cash and cash equivalents are comprised of cash and highly liquid investments that are readily convertible into known amounts of cash with original maturities of three months or less.

Cash and cash equivalents include amounts held primarily in U.S. dollar, Canadian dollar, Euro, Australian dollar, Chilean peso, corporate bonds, commercial paper, treasury bills and money market funds.

Investments

Investments consist of treasury bills and equity securities. Equity securities generally consist of securities that represent ownership interests in an enterprise for which do not have significant influence or a controlling interest. The Company’s investments are classified as available-for-sale securities or as a cost method investment.

Available-for-sale securities

Securities classified as available-for-sale are recorded at fair value. Unrealized gains and losses during the year, net of the related tax effect applicable to available-for-sale, are excluded from income and reflected in other comprehensive income (“OCI”), and the cumulative effect is reported as a separate component of shareholders’ equity until realized. If a decline in fair value is deemed to be other-than-temporary, the investment is written down to its fair value and the amount of the write-down is recorded as other-than-temporary impairment (“OTTI”) loss in the statement of net loss. Any portion of such decline related to the securities that are not held-to-maturity and is believed to arise from factors other than credit is recorded as a component of other comprehensive income rather than against income.

Net realized gains and losses on investments are determined in accordance with the specific identification method.

Cost method investments

Equity securities for which the fair value is not readily determinable are carried at cost. Distributions from the equity security are recognized as income dividend when received.

An impairment charge is recorded if the carrying amount of the investment exceeds its fair value and determined to be other-than-temporary.

Fair value measurements

The carrying value of the Company’s accounts receivable, other receivables, accounts payable, accrued expenses and other current liabilities approximate their fair value due to their short-term nature. Investments classified as available-for-sale are recorded at fair value. The estimated fair value for securities held is determined using quoted market prices or broker or dealer quotations.

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In estimating the fair value of an asset or a liability, the Company takes into account the characteristics of the asset or liability if market participants would take those characteristics into account when pricing the asset or liability at the measurement date.

Inventory

Inventory is comprised of raw materials, finished goods and work-in-progress such as pre-harvested cannabis plants and by-products to be extracted. The costs of growing cannabis including but not limited to labor, utilities, nutrition and irrigation, are capitalized into inventory until the time of harvest.

Inventory is stated at the lower of cost or net realizable value, determined using weighted average cost. Cost includes expenditures directly related to manufacturing and distribution of the products. Primary costs include raw materials, packaging, direct labor, overhead, shipping and the depreciation of manufacturing equipment and production facilities determined at normal capacity. Manufacturing overhead and related expenses include salaries, wages, employee benefits, utilities, maintenance and property taxes.

Net realizable value is defined as the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. At the end of each reporting period, the Company performs an assessment of inventory obsolescence to measure inventory at the lower of cost or net realizable value. Factors considered in the determination of obsolescence include slow-moving or non-marketable items.

Property and equipment

Property and equipment are recorded at cost net of accumulated depreciation. Assets held under capital leases are capitalized at the commencement of the lease at the lower of the present value of minimum lease payments at the inception of the lease or fair value. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. The estimated useful life of buildings is 20 years and the estimated useful life of property and equipment, other than buildings, ranges from three to seven years. Land is not depreciated. Leasehold improvements are amortized over the lesser of the asset’s estimated useful life or the remaining lease term.

When assets are retired or disposed of, the cost and accumulated depreciation are removed from the respective accounts and any related gain or loss is recognized. Maintenance and repairs are charged to expense as incurred. Significant expenditures, which extend the useful lives of assets or increase productivity, are capitalized. When significant parts of an item of property and equipment have different useful lives, they are accounted for as separate items or components of property and equipment.

Construction in progress includes construction progress payments, deposits, engineering costs, interest expense for debt financing on long-term construction projects and other costs directly related to the construction of the facilities. Expenditures are capitalized during the construction period and construction in progress is transferred to the relevant class of property and equipment when the assets are available for use, at which point the depreciation of the asset commences.

Intangible assets

The Company capitalizes certain internal-use software development costs, consisting primarily of contractor costs and employee salaries and benefits allocated to the software. Capitalization of costs incurred in connection with internally developed software commences when both the preliminary project stage is completed and management has authorized further funding for the project, based on a determination that it is probable the project will be completed and used to perform the function intended. Capitalization of costs ceases no later than the point at which the project is substantially complete and ready for its intended use. All other costs are expensed as incurred. Amortization is calculated on a straight-line basis over three years. Costs incurred for enhancements that are expected to result in additional functionalities are capitalized.

The estimated useful lives are reviewed at the end of each reporting period, with the effect of any changes in estimate being accounted for on a prospective basis.

Intangible assets also include the license acquired as part of the acquisition of Alef Biotechnology SpA (“Alef”). The acquisition of Alef was accounted for as an asset acquisition as it did not meet the definition of a business.

Impairment of long-lived assets

The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. In order to determine if assets have been impaired, assets are grouped and tested at the lowest level for which identifiable independent cash flows are available (“asset group”). An impairment loss is recognized when the sum of projected undiscounted cash flows is less than the carrying value of the asset group. The measurement of the impairment loss to be recognized is based on the difference between the fair value and the carrying value of the asset group. Fair value can be determined using a market approach, income approach or cost approach. The reversal of impairment losses is prohibited.

Capitalization of interest

Interest incurred relating to the construction or expansion of facilities is capitalized to the construction in progress. The Company ceases the capitalization of interest when construction activities are substantially completed and the facility is available for commercial use.

Leases

The Company enters into various leases in conducting its business. At the inception of each lease, the Company evaluates the lease agreement to determine whether the lease is an operating or capital lease. A capital lease is a lease in which 1) ownership of the property transfers to the lessee by the end of the lease term; 2) the lease contains a bargain purchase option; 3) the lease term is equal to 75% or more of the economic life of the leased property; or 4) the present value of the minimum lease payment at the inception of the lease term equals or exceeds 90% of the fair value of the leased property.

An asset and a corresponding liability are established at inception for capital leases. The capital lease assets are included in property, plant and equipment and the capital lease obligations are included in accrued obligations under capital lease. Operating lease payments are recognized as an expense on a straight-line basis over the lease term.

Convertible Senior Notes due 2023

The Company accounts for its Convertible Notes with a cash conversion feature in accordance with ASC 470-20 “Debt with Conversion and Other Options” which requires the liability and equity components of convertible debt instruments that may be settled in cash upon conversion, including partial cash settlement, to be separately accounted for in a manner that reflects the issuer’s nonconvertible debt borrowing rate. The initial proceeds from the sale of Convertible Notes are allocated between a liability component and an equity component in a manner that reflects interest expense at the rate of similar nonconvertible debt that could have been issued at such time. The equity component represents the excess initial proceeds received over the fair value of the liability component of the notes as of the date of issuance. The resulting debt discount is amortized over the five-year period during which the Convertible Notes are expected to be outstanding as additional non-cash interest expense.

Upon repurchase of convertible debt instruments, ASC 470-20 requires the issuer to allocate total settlement consideration, inclusive of transaction costs, amongst the liability and equity components of the instrument based on the fair value of the liability component immediately prior to repurchase. The difference between the settlement consideration allocated to the liability component and the net carrying value of the liability component, including unamortized debt issuance costs, would be recognized as gain (loss) on extinguishment of debt in the Consolidated Statements of Net Loss and Comprehensive Loss. The remaining settlement consideration allocated to the equity component would be recognized as a reduction of additional paid-in capital in the Consolidated Balance Sheets.

Revenue recognition

The Company recognizes revenue as earned when the following four criteria have been met: (i) when persuasive evidence of an arrangement exists, (ii) the product has been delivered to a customer, (iii) the sales price is fixed or determinable, and (iv) collection is reasonably assured. Revenue is recognized net of sales incentives and returns, after discounts for the assurance program, veterans coverage program and compassionate programs.

Direct-to-patient sales are recognized when the products are shipped to the customers. Bulk and adult-use sales under wholesale agreements are recognized based on the shipping terms of the agreements. Export sales under pharmaceutical distribution and pharmacy supply agreements are recognized when products are delivered to the end customers or patients.

Customer loyalty awards are accounted for as a separate component of the sales transaction in which they are granted. A portion of the consideration received in a transaction that includes the issuance of an award is deferred until the awards are ultimately redeemed. The allocation of the consideration to the award is based on an evaluation of the award’s estimated fair value at the date of the transaction. The customer loyalty program was discontinued in September 2017 and all customer loyalty awards expired as at December 31, 2017.

Cost of sales

Cost of sales represents costs directly related to manufacturing and distribution of the Company’s products. Primary costs include raw materials, packaging, direct labor, overhead, shipping and handling and the depreciation of manufacturing equipment and production facilities. Manufacturing overhead and related expenses include salaries, wages, employee benefits, utilities, maintenance and property taxes. The Company recognizes the cost of sales as the associated revenues are recognized.

Stock-based compensation

The Company measures and recognizes compensation expense for stock options and RSUs on a straight-line basis over the vesting period based on their grant date fair values. The Company estimates the fair value of stock options on the date of grant using the Black-Scholes option pricing model. The fair value of RSUs is based on the share price as at date of grant. For stock options and RSUs granted in May and June 2018, prior to the Company’s IPO, the fair value of common stock at the date of grant was determined by the Board of Directors with assistance from third-party valuation specialists. The Company estimates forfeitures at the time of grant and revises these estimates in subsequent periods if actual forfeitures differ from those estimates.

The critical assumptions and estimates used in determining the fair value of stock-based compensation on the grant date are: fair value of common shares on the grant date, risk-free interest rate, share price volatility of comparable companies, and the expected term.

For performance-based stock options and RSUs, the Company records compensation expense over the estimated service period once the achievement of the performance-based milestone is considered probable. At each reporting date, the Company assesses whether achievement of a milestone is considered probable, and if so, records compensation expense based on the portion of the service period elapsed to date with respect to that milestone, with a cumulative catch-up, net of estimated forfeitures. The Company will recognize remaining compensation expense with respect to a milestone, if any, over the remaining estimated service period.

Income taxes

The Company uses the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial reporting and the tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. Management makes an assessment of the likelihood that the resulting deferred tax assets will be realized. A valuation allowance is provided when it is more likely than not that some portion or all of a deferred tax asset will not be realized.

The Company recognizes uncertain income tax positions at the largest amount that is more likely than not to be sustained upon audit by the relevant taxing authority. An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained. Changes in recognition or measurement are reflected in the period in which judgment occurs.

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 has 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. The Company is evaluating the impact and expects to implement the provisions of ASU 2014-09 for the annual periods beginning on January 1, 2019. The Company is currently evaluating the effect of adopting this ASU on the Company’s financial statements.

In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10) – Recognition and Measurement of Financial Assets and Financial Liabilities. ASU 2016-01 is intended to enhance the reporting model for financial instruments to provide users of financial statements with more decision-useful information. 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 those annual periods beginning after December 15, 2019. The Company is evaluating the impact and expects to implement the provisions of ASU 2016-01 for the annual periods beginning on January 1, 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 expects to implement the provisions of ASU 2016-02 for annual periods beginning January 1, 2020. The Company is currently evaluating the impact of the new standard on the Company’s financial statements.

In March 2016, the FASB issued ASU 2016-09, Compensation – Stock Compensation (Topic 718). ASU 2016-09 is intended to simplify the accounting for share-based payment transactions, including income tax consequences, classification of awards as either assets or liabilities and classification on the statement of cash flows. ASU 2016-09 is effective for annual periods beginning after December 15, 2017 and interim periods within annual periods beginning after December 15, 2018. The Company expects to implement the provisions of ASU 2016-09 as of January 1, 2019. The Company is currently evaluating the effect of adopting this ASU on the Company’s financial statements.

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 expects to implement the provisions of ASU 2016-13 as of January 1, 2022. The Company is currently evaluating the effect of adopting this ASU on the Company’s financial statements.

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 effect of adopting this ASU on the Company’s financial statements.

Investments

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

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.

3. Investments

The Company’s short-term investments are classified as available-for-sale investments and the long-term investments are classified as either available-for-sale or cost method investments.

The following table summarizes the unrealized gains and losses and estimated fair value of our short-term investments as of December 31, 2018:


	Cost		Gross unrealized gains		Gross unrealized losses		Fair value
Treasury bills	$	30,367	$	32	$	64	$	30,335

Total	$	30,367	$	32	$	64	$	30,335

Our short-term investments consist of treasury bills, which are deemed to be low risk based on their credit ratings from the major rating agencies. All our short-term investments have contractual maturities of one year or less.

The following table summarizes the unrealized gains and losses and estimated fair value of our long-term investments as of December 31, 2018:


	Cost		Gross unrealized gains		Gross unrealized losses		Fair value
Investment in equities	$	17,713	$	—	$	802	$	16,911

Total	$	17,713	$	—	$	802	$	16,911

Our investment in equities are reported in long-term investments on our Consolidated Balance Sheets. The following table provides a summary of the classification of our investment in equities:


	December 31,
	2018		2017
Investments in equities under available-for-sale method	$	1,845	$	—
Investment in equities under the cost method		15,066		—

Total investment in equities	$	16,911	$	—

Total unrealized loss recognized to other comprehensive income related to the long-term available-for-sale equity securities during the year was $802.

As at December 31, 2017, the Company did not hold any short-term and long-term investments.

Fair Value Measurement

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

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 identical assets (Level 1)		Other observable inputs (Level 2)		Significant unobservable inputs (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.

4. Fair Value Measurement

The Company complies with FASB 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.

The following table presents information about the Company’s assets that are measured at fair value on a recurring basis as of December 31, 2018 and 2017, and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. 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:


	Quoted prices in active markets for identical assets (Level 1)		Other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Total
December 31, 2018
Cash equivalents:
Money market fund	$	33,111	$	—		—	$	33,111
Corporate bonds		7,796		—		—		7,796
Commercial paper		9,975		—		—		9,975
Treasury bills		152,879		—		—		152,879

Total cash equivalents		203,761		—		—		203,761

Investments:
Treasury bills		30,335		—		—		30,335
Investment in equities		1,163		682		—		1,845
Total investments		31,498		682		—		32,180

Total	$	235,259	$	682	$	—	$	235,941

The cash equivalents carrying amount as of 2018 includes an unrealized gain of $69, which is recorded in other comprehensive income. As at December 31, 2017 the Company did not hold any assets that were measured at fair value.

- 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

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

Inventory Disclosure [Abstract]

Inventory

4. 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.

5. Inventory

Inventory is comprised of the following items:


	December 31,
	2018		2017
Raw materials	$	2,132	$	163
Work-in-process – dry cannabis		9,982		1,396
Work-in-process – cannabis extracts		2,830		30
Finished goods – dry cannabis		113		3,501
Finished goods – cannabis extracts		1,083		2,158
Finished goods – accessories		71		173

Total	$	16,211	$	7,421

Inventory is written down for any obsolescence or when the net realizable value of inventory is less than the carrying value. For the year ended December 31, 2018, the Company recorded write-downs related to inventory within work-in-process of $4,561 (2017 – $617), in cost of sales.

Property and Equipment, Net

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

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.

6. Property and Equipment, Net

Property and equipment, net consisted of the following:


	December 31,
	2018			2017
Land	$	4,498		$	2,547
Buildings and leasehold improvements		51,111			19,569
Laboratory and manufacturing equipment		6,131			2,815
Office and computer equipment		970			571
Assets under capital lease		9,661			9,191
Construction in process		15,343			9,872

		87,714			44,565
Less: accumulated depreciation and amortization		(7,500	)		(4,580	)

Total	$	80,214		$	39,985

Depreciation expense included in cost of sales relating to manufacturing equipment and production facilities for the year ended December 31, 2018 is $1,964 (2017 – $1,303 and 2016 – $1,247). Depreciation expense included in general administrative expenses related to general office space and equipment for the year ended December 31, 2018 is $149 (2017 – $95 and 2016 – $92). The remaining depreciation is included in inventory.

For the year ended December 31, 2018, there is $158 (2017 – $34) of capitalized interest included in construction-in-progress.

Intangible Assets

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

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.

7. Intangible Assets

Intangible assets are comprised of the following items:


			December 31,
			2018						2017
	Weighted Average Amortization Period (in years)		Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Amortizing intangible assets:
Website		3	$	3,755	$	2,253	$	1,502	$	2,813	$	1,879	$	934

Total				3,755		2,253		1,502		2,813		1,879		934

Other intangible assets:
Alef license		—		2,984		—		2,984		—		—		—

Total				2,984		—		2,984		—		—		—

Total intangible assets			$	6,739	$	2,253	$	4,486	$	2,813	$	1,879	$	934

The net carrying value of intangible assets as of December 31, 2018 includes $43 (December 31, 2017 – $381) of intangible assets under construction, relating to expenditures incurred to develop additional functionalities for the patient portal.

Intangible asset additions in 2018 included a licence acquired as part of the Alef acquisition. The value of the license is $2,984. Refer to Note 16 for detail description.

The amortization expense for the next five years on intangibles assets in use are as follows: 2019 – $731; 2020 – $431; 2021 – $340; and thereafter – nil.

Accounts Payable and Accrued Expenses

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

Payables and Accruals [Abstract]

Accounts Payable and Accrued Expenses

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.

8. Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses are comprised of the following items:


	December 31,
	2018		2017
Accounts payable – trade	$	9,716	$	5,563
Accounts payable – related parties		933		—
Accrued interest on convertible senior notes due 2023		5,302		—
Accrued legal fees		565		10
Accrued payroll		3,278		610
Other accrued expenses		5,673		1,401

Total	$	25,467	$	7,584

Long-Term Debt

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Long-Term Debt

9. Long-Term Debt

Long-term debt is as follows:


	December 31,
	2018		2017
Mortgage payable, due January 2019, annual interest 11.5%	$	—	$	9,537
Unamortized deferred financing costs		—		(105	)

		—		9,432
Less current portion of long-term debt		—		(9,432	)

Total	$	—	$	—

In December 2016, Tilray Canada, Ltd. entered into a mortgage for an amount of $8,909 ($12,000 CAD) with an annual interest rate of 11.5% maturing in June 2018. In July 2018, the Company entered into a Mortgage Loan Extension Agreement to extend the mortgage. The term of the mortgage was extended for a further period of six months to January 1, 2019 with a renewal fee of CAD $90, or .75 basis points of the loan balance.

The mortgage was secured by a deed of trust on all assets of Tilray Canada, Ltd. and was guaranteed by Privateer Holdings. The carrying value of the mortgage approximates its fair value because the interest rate on the mortgage is equivalent to current market rates. In October 2018, the Company repaid the outstanding mortgage balance.

Convertible Notes

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

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	$	—

10. Convertible Senior Notes Due 2023

In October 2018 the Company issued Convertible Notes with a face value of $475,000. 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.

The Convertible Notes are governed by an Indenture between the Company, as issuer, and GLAS Trust Company LLC, as trustee. The Convertible Notes are the Company’s general unsecured obligations and rank senior in right of payment to all of the Company’s indebtedness that is expressly subordinated in right of payment to the notes; equal in right of payment with any of the Company’s unsecured indebtedness that is not so subordinated; effectively junior in right of payment to any of Company’s secured indebtedness to the extent of the value of the assets securing such indebtedness; and structurally junior to all indebtedness and other liabilities (including trade payables but excluding intercompany obligations) of the Company’s current or future subsidiaries.

The Indenture includes customary covenants and sets forth certain events of default after which the Convertible Notes may be declared immediately due and payable, including certain types of bankruptcy or insolvency involving the Company.

As a result of the cash conversion option, the Company separately accounts for the value of the embedded conversion option as a component of equity. The value of the embedded conversion option is the residual of the net proceeds of the issuance, less the estimated fair value of the debt without the conversion feature, and amounted to $57.6 million at issuance. The estimated fair value of the debt without the conversion feature, was determined using the expected cash flows of the Convertible Notes discounted by the estimated interest rate of similar nonconvertible debt; the debt discount is being amortized as additional non-cash interest expense over the term of the Convertible Notes using the interest method with an effective interest rate of 8% per annum. The equity component is not remeasured as long as it continues to meet the conditions for equity classification.

As of December 31, 2018, the Convertible Notes are not yet convertible. The Convertible Notes will become convertible upon the satisfaction of the above circumstances. In accounting for the transaction costs related to the issuance of the Convertible Notes, the Company allocated the total amount of offering costs incurred to the debt and equity components based on their relative values. Direct issue costs attributable to the debt component, totaling $13,467, are being amortized as non-cash interest expense over the term of the Convertible Notes, and offering costs attributable to the equity component, totaling $1,398, were recorded within stockholders’ equity (deficit).

As at December 31, 2018, 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:


	December 31, 2018
5.00% Convertible Senior Notes	$	475,000
Unamortized discount		(41,687	)
Unamortized transaction costs		(12,946	)

Net carrying amount	$	420,367

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


	Year ended December 31, 2018
Contractual coupon interest	$	5,302
Amortization of discount		2,152
Amortization of direct issue costs		28

Total	$	7,482

Stockholders' Equity

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

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.

11. Capital Stock

Capital Stock

As of December 31, 2017, the Company had authorized, issued and outstanding one share of capital stock with a one dollar par value. Each share of capital stock was entitled to one vote. As of December 31, 2018, no shares of capital stock were authorized, issued or outstanding.

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 December 31, 2018.


	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 February 2018, the Company completed a recapitalization in which the Company issued 75,000,000 shares of Class 1 common stock to Privateer Holdings in exchange for the net assets of Decatur Holdings, BV. Of which 58,333,333 Class 1 common stock was converted into Class 2 common stock upon IPO, resulting in Privateer share ownership of 58,333,333 of Class 2 common stock and 16,666,667 of Class 1 common stock.

In July 2018, the Company completed its IPO, whereby 10,350,000 shares of our Class 2 common stock were sold at a price of $17.00 ($22.45 CAD) per share, which included 1,350,000 shares pursuant to the underwriters’ option to purchase additional shares. Upon the closing of the IPO, all shares of the outstanding Series A preferred stock automatically converted into 7,794,042 shares of Class 2 common stock on a one-for-one basis.

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.

In February and March 2018, the Company issued an aggregate of 7,794,042 shares of Series A preferred stock at an issue price of $7.10 ($8.90 CAD) per share. In July 2018, the Company completed its IPO and upon the closing of the IPO, all shares of the outstanding Series A preferred stock automatically converted into 7,794,042 shares of Class 2 common stock on a one-for-one basis.

General and Administrative Expenses

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

Text Block [Abstract]

General and Administrative Expenses

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

12. General and Administrative Expenses

General and administrative expenses are comprised of the following items:


	Year ended December 31,
	2018		2017		2016
Salaries	$	11,721	$	3,717	$	2,640
Professional fees		7,557		1,715		424
Travel expenses		2,031		287		109
Depreciation and amortization		1,598		902		591
Other expenses		8,400		1,780		1,126

Total	$	31,307	$	8,401	$	4,890

Stock-Based Compensation

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

Disclosure of Compensation Related Costs, Share-based 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.

13. Stock-Based Compensation

Original Stock Option Plan

Certain employees of the Company participate in the Original Plan. For the year ended December 31, 2018, the total stock-based compensation expense associated with the Original Plan was $359 (December 31, 2017 – $139 and 2016 – $94).

The Original Plan has 6,760,879 shares of Privateer Holdings common stock reserved for issuance under the Original Plan. Stock options granted under the Original Plan may be either incentive stock options or nonqualified stock options. Stock options and shares of Privateer Holdings common stock issued under the Original Plan are determined by the Board of Directors of Privateer Holdings and may not be issued at less than 100% of the fair value of the shares on the date of the grant. Fair value is determined by the Board of Directors of Privateer Holdings. Stock options will generally vest over a period of four years and expire, if not exercised, 10 years from the date of grant. Shares of Privateer Holdings common stock may be issued in exchange for services based on the fair value of the services or the fair value of the Privateer Holdings common stock at the time of grant, as determined by the Board of Directors of Privateer Holdings. The compensation expense under the Original Plan is allocated from Privateer Holdings to Tilray employees who holds options under the Original Plan.

The fair value of each stock option to employees granted under the Original Plan is estimated on the date of grant using the Black-Scholes option pricing model with the following weighted-average assumptions:


	2018			2017			2016
Expected stock option life		5.15 years			5.84 years			6.05 years
Expected volatility		48.82	%		56.23	%		63.32	%
Risk-free interest rate		2.35	%		2.01	%		1.46	%
Expected dividend yield		—	%		—	%		—	%

The expected life of the stock options represents the period of time stock options are expected to be outstanding and is estimated considering vesting terms and employees’ historical exercise and post-vesting employment termination behavior. Expected volatility is based on historical volatilities of public companies operating in a similar industry to Privateer Holdings. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant. The expected dividend yield was determined based on the stock option’s exercise price and expected annual dividend rate at the time of grant.

Stock option activity for the Company 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, 2017		364,571		$	2.41		7.9	$	1,185
Granted		304,942			5.92
Exercised		(45,688	)		1.81
Forfeited		(25,881	)		5.14
Cancelled		(5,350	)		3.29

Balance December 31, 2018		592,594		$	4.14		8.1	$	989

Vested and expected to vest, December 31, 2018		522,301		$	3.94		8.0	$	955

Vested and exercisable, December 31, 2018		286,393		$	2.85		7.2	$	805

The weighted-average fair values of all stock options granted in 2018, 2017 and 2016 were $3.05, $1.79 and $1.91, respectively. The total intrinsic values of stock options exercised in 2018, 2017 and 2016 were $176, $19 and $51, respectively. As of December 31, 2018, the total remaining unrecognized compensation expense related to non-vested stock options amounted to $557, which will be amortized over the weighted-average remaining requisite service period of approximately 1.1 years. The total fair values of stock options vested in 2018, 2017 and 2016 were $276, $145 and $118, respectively.

New Stock Option and Restricted Stock Unit Plan

The Company adopted the New Plan, which was amended and approved by stockholders in May 2018. The New Plan authorizes the award of stock options and RSUs to employees, including officers, non-employee directors and consultants and the employees and consultants of our affiliates. Shares subject to awards granted under the New Plan that expire or terminate without being exercised in full, or that are paid out in cash rather than in shares, do not reduce the number of shares available for issuance under the New Plan. Additionally, shares become available for future grant under the New Plan if they were issued under the New Plan and if the Company repurchases them or they are forfeited. This includes shares used to pay the exercise price of an award or to satisfy the tax withholding obligations related to an award. The maximum number of shares of common stock subject to stock awards granted under the New Plan or otherwise during any one calendar year to any non-employee director, taken together with any cash fees paid by the Company to such non-employee director during such calendar year for service on the board of directors, will not exceed five hundred thousand dollars in total value, calculating the value of any such stock awards based on the grant date fair value of such stock awards for financial reporting purposes, or, with respect to the calendar year in which a nonemployee director is first appointed or elected to our board of directors, one million dollars.

Stock options represent the right to purchase shares of our Class 2 common stock on the date of exercise at a stated exercise price. The exercise price of a stock option generally must be at least equal to the fair market value of our shares of Class 2 common stock on the date of grant. Our compensation committee may provide for stock options to be exercised only as they vest or to be immediately exercisable with any shares issued on exercise being subject to our right of repurchase that lapses as the shares vest. The maximum term of stock options granted under the New Plan is ten years.

RSUs represent an offer by the Company to issue or sell shares of our Class 2 common stock subject to vesting restrictions, which may lapse based on time or achievement of performance conditions. Unless otherwise determined by our compensation committee at the time of grant, vesting will cease on the date the participant no longer provides services to the Company and unvested shares will be forfeited or repurchased by the Company. If an RSU has not been forfeited, then on the date specified in the RSUs, the Company will deliver to the holder a number of whole shares of Class 2 common stock, cash or a combination of shares of our Class 2 common stock and cash. Additionally, dividend equivalents may be credited in respect of shares covered by the RSUs. Any additional shares covered by the RSU credited by reason of such dividend equivalents will be subject to all of the same terms and conditions of the underlying RSU agreement to which they relate. The RSUs generally vest over a 3-or-4 year period. The fair value of RSUs are based on the share price as at date of grant.

Stock appreciation rights (“SAR”) provide for a payment, or payments, in cash or shares of Class 2 common stock to the holder based upon the difference between the fair market value of shares of our Class 2 common stock on the date of exercise and the stated exercise price. The maximum term of SARs granted under the New Plan is ten years. No SARs were issued in 2018.

The New Plan permits the grant of performance-based stock and cash awards. The performance goals may be based on company-wide performance or performance of one or more business units, divisions, affiliates or business segments and may be either absolute or relative to the performance of one or more comparable companies or the performance of one or more relevant indices. The length of any performance period, the performance goals to be achieved during the performance period, and the measure of whether and to what degree such performance goals have been attained will be conclusively determined by the board of directors.

As of May 21, 2018, 9,199,338 shares of Class 2 common stock had been reserved for issuance under the New Plan. The number of shares of Class 2 common stock reserved for issuance under the New Plan will automatically increase on January 1 of each calendar year, for a period of not more than ten years, starting on January 1, 2019 and ending on and including January 1, 2027, in an amount equal to 4% of the total number of shares of our common stock outstanding on December 31 of the prior calendar year, or a lesser number of shares determined by our board of directors. The shares reserved include only the outstanding shares related to stock options and RSUs, and excludes stock options outstanding under the Original Plan. The number of shares reserved for issuance under the New Plan are 12,926,172 shares, effective as of January 1, 2019.

For the year ended December 31, 2018, the total stock-based compensation expense associated with the New Plan was $20,629. As at December 31, 2017, no stock options, RSUs or restricted stock awards were granted under the New Plan.

The fair value of each stock option granted to employees under the New Plan is estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions:


	Assumptions 2018
Expected stock option life (years)		5.79 years
Expected volatility		58.54	%
Risk-free interest rate		2.92	%
Expected dividend yield		—	%

The expected life of the awards represents the period of time stock options are expected to be outstanding and is estimated considering vesting terms and employees’ historical exercise and post-vesting employment termination behavior. Expected volatility is based on historical volatilities of public companies operating in a similar industry to the Company. A forfeiture rate is estimated at the time of grant to reflect the amount of awards that are granted but are expected to be forfeited by the award holder prior to vesting. The estimated forfeiture rate applied to these amounts is derived from management’s estimate of the future stock option forfeiture behavior over the expected life of the awards. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant.

Stock option and RSU activity for the Company under the New Plan is 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, 2017		—		$	—			$	—
Granted		6,106,011			13.66				—
Exercised		—			—				—
Forfeited		(90,970	)		21.49				—
Cancelled		—			—				—

Balance December 31, 2018		6,015,041		$	13.54		7.7	$	342,916

Vested and expected to vest, December 31, 2018		5,708,817		$	13.54		9.4	$	326,567

Vested and exercisable, December 31, 2018		1,312,500		$	7.76		9.4	$	82,399

The weighted-average fair values of all time-based stock options granted in 2018 was $7.74 per share. As of December 31, 2018, the total remaining unrecognized compensation expense related to non-vested stock options amounted to $38,250, which will be amortized over the weighted-average remaining requisite service period of approximately 2.8 years. The total fair value of stock options vested in 2018 were $5,508.

Performance-based stock option activity


	Stock Options		Weighted- average exercise price		Weighted- average remaining contractual term (years)		Aggregate intrinsic value
Balance December 31, 2017		—	$	—			$	—
Granted		600,000		7.76				—
Exercised		—		—				—
Forfeited		—		—				—
Cancelled		—		—				—

Balance December 31, 2018		600,000	$	7.76		9.4	$	37,668

Vested and expected to vest, December 31, 2018		591,486	$	7.76		9.4	$	37,134

Vested and exercisable, December 31, 2018		300,000	$	7.76		9.4	$	18,834

The weighted-average fair values of all performance-based stock options granted in 2018 was $4.15 per share. As of December 31, 2018, the total remaining unrecognized compensation expense related to non-vested stock options amounted to $593, which will be amortized over the weighted-average remaining requisite service period of approximately 0.6 years. The total fair value of stock options vested in 2018 were $1,246.

Time-based RSU activity

The following table summarizes non-vested time-based RSU activity during 2018:


	Time-based RSUs			Weighted-average grant-date fair value per share
Non-vested December 31, 2017		—		$	—
Granted		238,082			50.08
Exercised		—			—
Forfeited		(860	)		110

Non-vested December 31, 2018		237,222		$	49.86

As of December 31, 2018, there was approximately $10,336 of total unrecognized compensation cost related to non-vested time-based RSUs that will be recognized as expense over a weighted-average period of 3.17 years. No time-based RSUs vested during the period.

Performance-based RSUs

The following table summarizes non-vested performance-based RSU activity during 2018:


	Performance-based RSUs		Weighted-average grant-date fair value per share
Non-vested December 31, 2017		—	$	—
Granted		1,050,000		7.76
Exercised		—		—
Forfeited		—		—

Non-vested December 31, 2018		1,050,000	$	7.76

As of December 31, 2018, there was approximately $1,882 of total unrecognized compensation cost related to non-vested performance-based RSUs that will be recognized as expense over a weighted-average period of 1.73 years. No performance-based RSUs vested during the period.

Income Taxes

6 Months Ended

Jun. 30, 2019

Income Tax Disclosure [Abstract]

Income Taxes

14. Income Taxes

In connection with the Convertible Notes issued in 2018, we recognized a deferred tax liability of $8,809 in equity. As a result, we recorded an income tax benefit of $4,485 for the release of a valuation allowance on our existing U.S. deferred tax assets in order to offset the deferred tax liability established for the equity portion of the Convertible Notes. We recorded a deferred tax liability of $100 resulting from the purchase price allocation for Alef. We have net deferred tax assets which are fully offset by a valuation allowance due to our determination that it is more likely than not that the deferred tax assets will not be realized, with the exception of deferred tax assets that were applied to offset the deferred tax liability on the equity portion of the Convertible Notes. The realization of deferred tax assets is dependent on the Company generating sufficient taxable income in the years that the temporary differences become deductible. A valuation allowance has been provided for the portion of the deferred tax assets that the Company determined is more likely than not to remain unrealized based on estimated future taxable income. In the event we were to determine that we would be able to realize our net deferred tax assets in the future, an adjustment to the valuation allowance will be made, which will increase income (or decrease losses) in the period in which such a determination is made. We follow the guidance related to accounting for uncertainty in income taxes, which requires the recognition of an uncertain tax position provision when the position is not more likely than not to be sustainable upon audit by the applicable taxing authority

For financial reporting purposes, loss before income taxes includes the following components:


	Year ended December 31,
	2018			2017			2016
Canada	$	(25,333	)	$	(7,411	)	$	(7,883	)
U.S.		(42,418	)		—			—
Portugal		(2,208	)		—			—
Other countries		(2,215	)		(398	)		—

Total	$	(72,174	)	$	(7,809	)	$	(7,883	)

The expense for income taxes consists of:


	Year ended December 31,
	2018			2017		2016
Current:
Canada	$	—		$	—	$	—
Other countries		34			—		—

Total	$	34		$	—	$	—

Deferred:
Canada	$	—		$	—	$	—
U.S.		(4,485	)		—		—

Total	$	(4,485	)	$	—	$	—

Income tax expense in 2018 was related to taxable profit in Germany. The income tax benefit in 2018 was related to the release valuation allowance for deferred tax assets recognized to offset the deferred tax liability recorded for the Convertible Notes.

We recognized interest and penalties related to unrecognized tax benefits on the income tax expense line in the accompanying Consolidated Statements of Net Loss and Comprehensive Loss. Accrued interest and penalties are included on the related tax liability line in the Consolidated Balance Sheets.

Reconciliation of the expected income tax at the United States statutory income tax rate of 21% (2017 – 35%) to income tax expense:


	Year ended December 31,
	2018			2017			2016
Loss before income taxes:	$	(72,174	)	$	(7,809	)	$	(7,883	)

Expected income tax recovery		(15,157	)		(2,733	)		(2,797	)
Difference in foreign tax rates		(1,864	)		675			719
Foreign exchange and other		1,399			(480	)		(72	)
Non-deductible expenses		5,331			61			(40	)
Changes in enacted rates		—			(288	)		—
Utilization of losses no previously recognized		—			(9	)		—
Change in valuation allowance		5,840			2,774			2,190

Income tax recovery, net	$	(4,451	)	$	—		$	—

The following table summarizes the components of deferred tax:


	Year ended December 31,
	2018			2017			2016
Deferred assets
Tax loss carryforwards – Canada	$	13,723		$	8,297		$	5,821
Tax loss carryforwards – U.S.		4,173			—			—
Tax loss carryforwards – other countries		607			148			9
Property and equipment		2,510			183			98
Deferred financing costs		27			37			—
Investment tax credits and related pool balance		57			57			57
Other		—			8			—

Total Deferred tax assets		21,097			8,730			5,985
Less valuation allowance		(14,433	)		(8,601	)		(5,836	)

Net deferred tax assets		6,664			129			149
Deferred tax liabilities
Plant and equipment		(2,328	)		—			—
Intangible assets		(289	)		(129	)		(144	)
Deferred financing costs		—			—			(5	)
Equity portion of convertible senior notes due 2023		(8,471	)		—			—

Total deferred tax liabilities		(11,088	)		(129	)		(149	)

Net deferred tax liability	$	(4,424	)	$	—		$	—

The realization of deferred tax assets is dependent on the Company generating sufficient taxable income in the years that the temporary differences become deductible. A valuation allowance has been provided for the portion of the deferred tax assets that the Company determined is more likely than not to remain unrealized based on estimated future taxable income.

As of December 31, 2018 and 2017, the Company had accumulated tax losses available to offset future years’ federal and provincial taxable income in Canada of approximately $51,064 and $30,000, respectively. The Canadian non-capital loss carryforwards expire as noted in the table below:


December 31,	Amount
2033	$	381
2034		6,429
2035		7,627
2036		7,230
2037		6,195
2038		23,202

	$	51,064

As of December 31, 2018, the Company has Australian net operating loss carryforward of $162 (2017 – $167). The loss may be carried forward indefinitely. The Company has Portuguese net operating loss of $2,538 (2017 – $74). Portuguese net operating loss carry forward 5 years and expire in 2023. The Company has U.S. net operating losses available to offset future years’ taxable income in the U.S. approximately $19,872. The net operating loss can only offset 80% of taxable income and it may be carried forward indefinitely.

The Company files federal income tax returns in Canada, Germany, and other foreign jurisdictions. The Company has open tax years with various taxing jurisdictions. These open years contain certain matters that could be subject to differing interpretations of applicable tax laws and regulations, and tax treaties, as they relate to the amount, timing, or inclusion of revenue and expense.


Jurisdiction	Open Years
Netherlands		2016 – 2018
Canada		2014 – 2018
Germany		2016 – 2018
Australia		2017 – 2018
Portugal		2017 – 2018

Tilray Canada, Ltd. is currently under examination by the Canada Revenue Agency for the 2014 and 2015 taxation years.

The following table outlines the movements in the valuation allowance:


	Balance at beginning of year		Change due to expense and foreign exchange			Deductions		Balance at end of year
Year ended December 31, 2018	$	8,601	$	(113	)	$	5,945	$	14,433
Year ended December 31, 2017	$	5,836	$	395		$	2,370	$	8,601

The valuation allowance increased by $5,832 in 2018, increased by $2,765 in 2017, which was mostly related to the changes in our deferred tax asset balances. The 2018 increase in the valuation allowance was due to $10,317 related to the current year loss, tax credits, foreign exchange and other activity, offset by $4,485 decrease for release of valuation allowance related to the deferred tax liabilities charged to equity.

Commitments and Contingencies

6 Months Ended

Jun. 30, 2019

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

15. Commitments and Contingencies

Legal proceedings

In the normal course of business, the Company may become involved in legal disputes regarding various litigation matters. In the opinion of management, any potential liabilities resulting from such claims would not have a material effect on the financial statements.

Lease commitments

The Company leases various facilities, under non-cancelable capital and operating leases, which expire at various dates through September 2027.

Under the terms of the operating lease agreements, the Company is responsible for certain insurance and maintenance expenses. The Company records rent expense on a straight-line basis over the terms of the underlying leases. Rent expense for the year ended December 31, 2018 was $745 (2017 – $175 and 2016 – $0).

In February 2018, High Park Holdings, Ltd. entered into an operating lease to finance its expansion of production operations in London, Ontario, Canada.

Aggregate future minimum rental payments under all non-cancelable capital and operating leases are as follows:


	Operating Leases				Capital Leases
	December 31,				December 31,
	2018		2017		2018		2017
2019	$	916	$	46	$	733	$	772
2020		857		15		733		772
2021		727		—		733		772
2022		589		—		733		772
2023		510		—		183		579
Thereafter		1,372		—		—		—

	$	4,971	$	61	$	3,115	$	3,667

Purchase commitments

In December 2018, the Company signed an agreement with Rose Lifescience, Inc., for distribution and marketing of the Company’s product in Quebec in exchange for minimum fees of $500 per annum for an initial term of five years.

Business Combinations

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

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	)

16. Acquisitions

Acquisition of Alef

In October 2018, the Company acquired Alef, a privately held company, which is an existing import and distribution partner. With this acquisition, the Company expanded its reach to the South American markets, and is now Tilray Latin America, a subsidiary of Tilray, Inc. The total consideration paid was $2,893, comprising of $2,855 of Company’s Class 2 common stock, of which $736 is held in escrow and cash consideration of $38.

The transaction was accounted for as an asset acquisition, as it did not constitute a business as defined in ASC 805 Business Combinations. The escrow consideration has not been released as of the issuance date of these financial statements because the 12 months have not elapsed. The Company notes that the cost of a group of assets acquired in an asset acquisition shall be allocated to the individual assets acquired or liabilities assumed based on their relative fair values. Part of the asset acquisition included Alef’s cannabis license, $2,984, which has been recognized as intangible asset.

The consideration includes a contingent component based upon the achievement of certain milestones. The contingent consideration will be recognized when the milestones will be reached.

Financial Instruments	6 Months Ended	12 Months Ended
Financial Instruments	Jun. 30, 2019	Dec. 31, 2018
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.	17. 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 at December 31, 2018 and December 31, 2017, the Company is 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 the Canadian dollar. A 10% change in the exchange rates for the Canadian dollar would affect the carrying value of net assets by approximately $2,817 as of December 31, 2018, with a corresponding impact to accumulated other comprehensive income. As at December 31, 2018 the Company had foreign currency loss (gain), net of $7,234. This amount was primarily related to the translation of cash and cash equivalents and short-term investments on the Consolidated Balance Sheets. 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 at December 31, 2018 and December 31, 2017, the most significant financial liabilities are accounts payable and debt facilities due to Privateer Holdings, Convertible Senior Notes Due 2023, current portion of long-term debt and accounts payable and accrued liabilities.

Related-Party Transaction

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

Related-Party Transaction

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).

18. Related-Party Transaction

In the normal course of business, the Company enters into related party transactions with Privateer Holdings and its subsidiaries, including certain debt facilities and charge for services provided by executives and employees of Privateer Holdings.

The various components of the Privateer Holdings debt facilities which represents the related-party balances outstanding are as follows:


	As of December 31,
	2018		2017
Privateer Holdings credit facility	$	—	$	24,700
Privateer Holdings construction facility		—		6,395
Privateer Holdings start-up loans		—		1,731

Total	$	—	$	32,826

Privateer Holdings credit facility

Effective January 1, 2016, Tilray Canada, Ltd. entered into an agreement with Privateer Holdings for a demand revolving credit facility in an aggregate principal amount not to exceed $25,000. As of December 31, 2017, the facility bore interest at a floating rate of 2.54%, reset annually based on the mid-term applicable federal U.S. rate.

Effective April 1, 2018, Tilray, Inc. entered into an agreement with Privateer Holdings for a demand revolving credit facility in an aggregate principal amount not to exceed $7,000. The facility bears interest at a floating rate of 2.62%. The interest rate resets annually based on the mid-term applicable federal U.S. rate.

For the fiscal year ended December 31, 2018, the Company recognized $567 (2017 – $548 and 2016 – $992) in interest expense related to the Privateer Holdings credit facility.

Privateer Holdings construction facilities:

High Park Farms, Ltd. construction facility

Effective November 1, 2017, High Park Farms, Ltd. entered into an agreement with Privateer Holdings for a demand revolving construction facility in an aggregate principal amount not to exceed $10,000 to be used for the construction of its facility in Enniskillen, Ontario, Canada. Beginning January 1, 2018, the facility bears interest at a floating rate of 2.54%, reset annually based on the mid-term applicable federal U.S. rate.

Tilray Canada, Ltd. construction facility

Effective December 1, 2017, Tilray Canada Ltd. entered into an agreement with Privateer Holdings for a demand construction facility of $1,000. The proceeds of the facility were to be used to fund capital expenditures for Tilray Canada, Ltd. and its affiliated company, High Park Farms, Ltd. Beginning January 1, 2018, the facility bears interest at a floating rate of 2.54%, reset annually based on the mid-term applicable federal U.S. rate.

Privateer Holdings start-up loans

As part of the Company’s strategic initiatives to expand into additional geographic locations, Privateer Holdings provided the Company with initial working capital funding in the form of non-interest-bearing loans. The advances are repayable upon demand. The outstanding balances under these loans are:


	Year ended December 31,
	2018		2017
Tilray Deutschland GmbH	$	—	$	1,340
Tilray Portugal Unipessoal, Lda.		—		105
Other		—		286

	$	—	$	1,731

In July 2018, the Company repaid $36,940 of the outstanding Privateer Holdings debt facility, which included repayment of the Privateer Holdings credit facility, Privateer Holdings construction facility and the Privateer Holdings start-up loans.

Privateer Holdings management services

Prior to the repayment of the credit facility, accrued management fees charged by Privateer Holdings for services performed, including management services, support services, business development services and research and development services were included in the credit facility and reported within Privateer Holdings debt facility. Following the repayment of the credit facilities, and due to the change in nature of the relationship with Privateer Holdings, management services are reported under accounts payable. Management services owed to Privateer Holdings in accounts payable during the year ended December 31, 2018 was $3,878 (2017 – $3,397) and were included in operating expenses.

Amounts for the provision of management and support services are charged at cost based on the compensation of the respective employees of Privateer Holdings, which is estimated from the time devoted to the Company. Business development and research and development services are charged at cost plus a 9% markup. In February 2018, the Company entered into an agreement with Privateer Holdings, pursuant to which Privateer Holdings provides the Company with certain general administrative and corporate services on an as-requested basis. Pursuant to this agreement, the Company pays Privateer Holdings a monthly services fee that is based on the proportional share of the actual costs incurred by Privateer Holdings in performing the requested services. Personnel compensation is charged at cost plus a 3.0% markup and other services provided are charged at cost. The interest on the management services fee accrues at a floating rate of 2.54%, reset annually based on the mid-term applicable federal U.S. rate.

Leafly Holdings, Inc. (“Leafly”) operational expenses

The Company pays on behalf of Leafly, previously a wholly owned subsidiary of Privateer Holdings, certain operational expenses and vice-versa. These payments are then recharged to company that incurred the expense. Such payments made during the year are deemed immaterial.

Docklight LLC (“Docklight”) royalty and management services

The Company pays Docklight, previously a wholly owned subsidiary of Privateer Holdings, a royalty fee for using their branding on company products. The royalty fees paid during the year are deemed immaterial. Additionally, the Company receives management services from Docklight, for which the Company is charged management fees. The management service fees paid during the year are deemed immaterial.

Business Segment Information

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

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.

19. 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.

Sources of revenues were as follows:


	Year Ended December 31,
	2018		2017		2016
Dried Cannabis	$	21,674	$	16,260	$	11,324
Cannabis extracts		21,179		3,965		1,107
Accessories and other		277		313		213

Total	$	43,130	$	20,538	$	12,644

Revenues attributed to a geographic region based on the location of the customer were as follows:


	Year Ended December 31,
	2018		2017		2016
Canada	$	40,209	$	19,775	$	12,644
Other countries		2,921		763		—

Total	$	43,130	$	20,538	$	12,644

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


	December 31,
	2018		2017
Canada	$	64,687	$	39,086
Portugal		15,455		—
Other countries		72		899

Total	$	80,214	$	39,985

Major Customers

The company sells products through a limited number of major customers. Major customers are defined as customers that each individually accounted for greater than 10% of the Company’s annual revenues and greater than 10% of accounts receivable as noted below.

We had one customer that accounted for 24% of our revenue for the year ended December 31, 2018. No one customer accounted for greater than 10% of our revenue in 2017 or 2016, respectively.

We had two customers that accounted for 16% and 30% of our accounts receivable balance as of December 31, 2018. No one customer accounted for greater than 10% of our accounts receivable in 2017.

Quarterly Financial Data (unaudited)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data (unaudited)

20. Quarterly Financial Data (unaudited)

The following table contains selected quarterly data for 2018 and 2017. The information should be read in conjunction with the Company’s financial statements and related notes included elsewhere in this report. The Company believes that the following information reflects all normal recurring adjustments necessary for a fair presentation of the information for the periods presented. The operating results for any quarter are not necessarily indicative of results for any future period.

Quarterly Financial Data (in thousands, except per share data):


	Three months ended
	March 31,			June 30,			September 30,			December 31,
2018
Revenue	$	7,808		$	9,744		$	10,047		$	15,531
Gross Margin		3,896			4,177			3,068			3,134
Operating Loss		(3,740	)		(10,990	)		(20,012	)		(22,908	)
Net loss		(5,181	)		(12,833	)		(18,699	)		(31,010	)
Net loss per share – basic and diluted	$	(0.07	)	$	(0.17	)	$	(0.21	)	$	(0.33	)
2017
Revenue	$	5,027		$	4,992		$	5,406		$	5,113
Gross Margin		2,768			2,708			2,967			2,934
Operating Loss		(388	)		(2,316	)		(2,182	)		(2,612	)
Net loss		(679	)		(2,435	)		(1,767	)		(2,928	)
Net loss per share – basic and diluted	$	(0.01	)	$	(0.01	)	$	(0.02	)	$	(0.04	)

Subsequent Event	6 Months Ended	12 Months Ended
Subsequent Event	Jun. 30, 2019	Dec. 31, 2018
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.	21. Subsequent Events Acquisitions In February 2019, the Company acquired all issued and outstanding shares of FHF Holdings Ltd. (“Manitoba Harvest”), a hemp and natural foods producer based in Winnipeg, Manitoba, for up to $319,000 ($419,000 CAD), subject to certain revenue milestones. Manitoba Harvest distributes its products to over 16,000 retail locations in the U.S. and Canada. The acquisition will expand the Company’s product portfolio into the natural foods category and bring Manitoba Harvest’s expertise in working with cannabinoids, including cannabidiol (CBD), to Tilray. Given the timing of the transaction, the Company is in process of determining our estimate of fair value and purchase price allocation. In February 2019, the Company acquired all issued and outstanding shares of Natura Naturals Holdings Inc. (“Natura”) for up to $53,400 ($70,000 CAD), subject to certain cultivation milestones. Natura, through a wholly owned subsidiary located in Leamington, Ontario, is a licensed cultivator under the Cannabis Act specializing in the greenhouse cultivation and will increase the Company’s cannabis supply. Given the timing of the transaction, the Company is in process of determining our estimate of fair value and purchase price allocation.

Prepaid Expenses and Other Current Assets

6 Months Ended

Jun. 30, 2019

Text Block [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.

Goodwill

6 Months Ended

Jun. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

8. 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

ABG Profit Participation Arrangement	6 Months Ended
ABG Profit Participation Arrangement	Jun. 30, 2019
Text Block [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.

Summary of Significant Accounting Policies (Policies)

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

Accounting Policies [Abstract]

Basis of Presentation

Basis of presentation

Basis of presentation

Significant Estimates and Judgments

Significant estimates and judgments

Use of estimates

Foreign Currency

Foreign currency

Net loss per share

Net loss per share

Cash and Cash Equivalents

Cash and cash equivalents

Cash and cash equivalents are comprised of cash and highly liquid investments that are readily convertible into known amounts of cash with original maturities of three months or less.

Investments

Investments

Available-for-sale securities

Net realized gains and losses on investments are determined in accordance with the specific identification method.

Cost method investments

Equity securities for which the fair value is not readily determinable are carried at cost. Distributions from the equity security are recognized as income dividend when received.

An impairment charge is recorded if the carrying amount of the investment exceeds its fair value and determined to be other-than-temporary.

Fair Value Measurements

Fair value measurements

Inventory

Inventory

Property and Equipment

Property and equipment

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

Intangible assets

The estimated useful lives are reviewed at the end of each reporting period, with the effect of any changes in estimate being accounted for on a prospective basis.

Impairment of Long-lived Assets

Impairment of long-lived assets

Capitalization of Interest

Capitalization of interest

Leases

Leases

Convertible Senior Notes due 2023

Convertible Senior Notes due 2023

Revenue recognition

Revenue recognition

Cost of Sales

Cost of sales

Stock-based Compensation

Stock-based payments

Stock-based compensation

Income Taxes

Income taxes

New Accounting Pronouncements Not Yet Adopted

New accounting pronouncements not yet adopted

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 has 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. The Company is evaluating the impact and expects to implement the provisions of ASU 2014-09 for the annual periods beginning on January 1, 2019. The Company is currently evaluating the effect of adopting this ASU on the Company’s financial statements.

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 expects to implement the provisions of ASU 2016-02 for annual periods beginning January 1, 2020. The Company is currently evaluating the impact of the new standard on the Company’s financial statements.

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 expects to implement the provisions of ASU 2016-13 as of January 1, 2022. The Company is currently evaluating the effect of adopting this ASU on the Company’s financial statements.

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 effect of adopting this ASU on the Company’s financial statements.

Emerging Growth Company Status

Emerging growth company status

Business Combinations and Goodwill

Business combinations and goodwill

Equity Method Investments

Equity method investments

Impairment of Goodwill and Indefinite Life Intangible Assets

Impairment of goodwill and indefinite life intangible assets

Summary of Significant Accounting Policies (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

Accounting Policies [Abstract]

Schedule of Consolidated Entity

Basis of consolidation

These financial statements include the accounts of the following entities wholly owned by the Company as of December 31, 2018:


Name of entity	Date of formation	Place of incorporation
Tilray Canada, Ltd.	September 6, 2013	British Columbia, Canada
Dorada Ventures, Ltd.	October 18, 2013	British Columbia, Canada
High Park Farms, Ltd.	February 19, 2016	British Columbia, Canada
Tilray Deutschland GmbH	November 3, 2016	Germany
Tilray Portugal Unipessoal, Lda.	April 5, 2017	Portugal
Pardal Holdings, Lda.	April 24, 2017	Portugal
Tilray Australia New Zealand Pty. Ltd.	May 9, 2017	Australia
High Park Holdings, Ltd.	February 8, 2018	British Columbia, Canada
National Cannabinoid Clinics Pty Ltd.	September 19, 2018	Australia
Tilray Latin America SpA	November 5, 2018	Chile
Tilray Portugal II, Lda.	December 11, 2018	Portugal

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

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

Summary of Equity 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

The following table provides a summary of the classification of our investment in equities:


	December 31,
	2018		2017
Investments in equities under available-for-sale method	$	1,845	$	—
Investment in equities under the cost method		15,066		—

Total investment in equities	$	16,911	$	—

Short-term Investments [Member]

Summary of Available for Sale Securities

The following table summarizes the unrealized gains and losses and estimated fair value of our short-term investments as of December 31, 2018:


	Cost		Gross unrealized gains		Gross unrealized losses		Fair value
Treasury bills	$	30,367	$	32	$	64	$	30,335

Total	$	30,367	$	32	$	64	$	30,335

Long-term Investments [Member]

Summary of Available for Sale Securities

The following table summarizes the unrealized gains and losses and estimated fair value of our long-term investments as of December 31, 2018:


	Cost		Gross unrealized gains		Gross unrealized losses		Fair value
Investment in equities	$	17,713	$	—	$	802	$	16,911

Total	$	17,713	$	—	$	802	$	16,911

Fair Value Measurement (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

Fair Value Disclosures [Abstract]

Schedule of Assets Measured Fair Value on Recurring Basis


	Quoted prices in active markets for identical assets (Level 1)		Other observable inputs (Level 2)		Significant unobservable inputs (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


	Quoted prices in active markets for identical assets (Level 1)		Other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Total
December 31, 2018
Cash equivalents:
Money market fund	$	33,111	$	—		—	$	33,111
Corporate bonds		7,796		—		—		7,796
Commercial paper		9,975		—		—		9,975
Treasury bills		152,879		—		—		152,879

Total cash equivalents		203,761		—		—		203,761

Investments:
Treasury bills		30,335		—		—		30,335
Investment in equities		1,163		682		—		1,845
Total investments		31,498		682		—		32,180

Total	$	235,259	$	682	$	—	$	235,941

Inventory (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

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

Inventory is comprised of the following items:


	December 31,
	2018		2017
Raw materials	$	2,132	$	163
Work-in-process – dry cannabis		9,982		1,396
Work-in-process – cannabis extracts		2,830		30
Finished goods – dry cannabis		113		3,501
Finished goods – cannabis extracts		1,083		2,158
Finished goods – accessories		71		173

Total	$	16,211	$	7,421

Property and Equipment, Net (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

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

Property and equipment, net consisted of the following:


	December 31,
	2018			2017
Land	$	4,498		$	2,547
Buildings and leasehold improvements		51,111			19,569
Laboratory and manufacturing equipment		6,131			2,815
Office and computer equipment		970			571
Assets under capital lease		9,661			9,191
Construction in process		15,343			9,872

		87,714			44,565
Less: accumulated depreciation and amortization		(7,500	)		(4,580	)

Total	$	80,214		$	39,985

Intangible Assets (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

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

Intangible assets are comprised of the following items:


			December 31,
			2018						2017
	Weighted Average Amortization Period (in years)		Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Amortizing intangible assets:
Website		3	$	3,755	$	2,253	$	1,502	$	2,813	$	1,879	$	934

Total				3,755		2,253		1,502		2,813		1,879		934

Other intangible assets:
Alef license		—		2,984		—		2,984		—		—		—

Total				2,984		—		2,984		—		—		—

Total intangible assets			$	6,739	$	2,253	$	4,486	$	2,813	$	1,879	$	934

Accounts Payable and Accrued Expenses (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

Payables and Accruals [Abstract]

Schedule of Accounts Payable and Accrued Expenses

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

Accounts payable and accrued expenses are comprised of the following items:


	December 31,
	2018		2017
Accounts payable – trade	$	9,716	$	5,563
Accounts payable – related parties		933		—
Accrued interest on convertible senior notes due 2023		5,302		—
Accrued legal fees		565		10
Accrued payroll		3,278		610
Other accrued expenses		5,673		1,401

Total	$	25,467	$	7,584

Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Summary of Long-Term Debt

Long-term debt is as follows:


	December 31,
	2018		2017
Mortgage payable, due January 2019, annual interest 11.5%	$	—	$	9,537
Unamortized deferred financing costs		—		(105	)

		—		9,432
Less current portion of long-term debt		—		(9,432	)

Total	$	—	$	—

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

Convertible Notes (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

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

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


	December 31, 2018
5.00% Convertible Senior Notes	$	475,000
Unamortized discount		(41,687	)
Unamortized transaction costs		(12,946	)

Net carrying amount	$	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	$	—

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


	Year ended December 31, 2018
Contractual coupon interest	$	5,302
Amortization of discount		2,152
Amortization of direct issue costs		28

Total	$	7,482

Stockholders' Equity (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

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

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 December 31, 2018.


	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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General and Administrative Expenses (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

Text Block [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

General and administrative expenses are comprised of the following items:


	Year ended December 31,
	2018		2017		2016
Salaries	$	11,721	$	3,717	$	2,640
Professional fees		7,557		1,715		424
Travel expenses		2,031		287		109
Depreciation and amortization		1,598		902		591
Other expenses		8,400		1,780		1,126

Total	$	31,307	$	8,401	$	4,890

Stock-Based Compensation (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

Original Stock Option Plan [Member]

Weighted Average Fair Value Assumptions


	2018			2017			2016
Expected stock option life		5.15 years			5.84 years			6.05 years
Expected volatility		48.82	%		56.23	%		63.32	%
Risk-free interest rate		2.35	%		2.01	%		1.46	%
Expected dividend yield		—	%		—	%		—	%

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

Stock option activity for the Company 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, 2017		364,571		$	2.41		7.9	$	1,185
Granted		304,942			5.92
Exercised		(45,688	)		1.81
Forfeited		(25,881	)		5.14
Cancelled		(5,350	)		3.29

Balance December 31, 2018		592,594		$	4.14		8.1	$	989

Vested and expected to vest, December 31, 2018		522,301		$	3.94		8.0	$	955

Vested and exercisable, December 31, 2018		286,393		$	2.85		7.2	$	805

2018 Equity Incentive Plan [Member]

Weighted Average Fair Value Assumptions


	Assumptions 2018
Expected stock option life (years)		5.79 years
Expected volatility		58.54	%
Risk-free interest rate		2.92	%
Expected dividend yield		—	%

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

Time-based stock option activity


	Stock Options			Weighted- average exercise price		Weighted- average remaining contractual term (years)		Aggregate intrinsic value
Balance December 31, 2017		—		$	—			$	—
Granted		6,106,011			13.66				—
Exercised		—			—				—
Forfeited		(90,970	)		21.49				—
Cancelled		—			—				—

Balance December 31, 2018		6,015,041		$	13.54		7.7	$	342,916

Vested and expected to vest, December 31, 2018		5,708,817		$	13.54		9.4	$	326,567

Vested and exercisable, December 31, 2018		1,312,500		$	7.76		9.4	$	82,399

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

Performance-based stock option activity


	Stock Options		Weighted- average exercise price		Weighted- average remaining contractual term (years)		Aggregate intrinsic value
Balance December 31, 2017		—	$	—			$	—
Granted		600,000		7.76				—
Exercised		—		—				—
Forfeited		—		—				—
Cancelled		—		—				—

Balance December 31, 2018		600,000	$	7.76		9.4	$	37,668

Vested and expected to vest, December 31, 2018		591,486	$	7.76		9.4	$	37,134

Vested and exercisable, December 31, 2018		300,000	$	7.76		9.4	$	18,834

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

Time-based RSU activity

The following table summarizes non-vested time-based RSU activity during 2018:


	Time-based RSUs			Weighted-average grant-date fair value per share
Non-vested December 31, 2017		—		$	—
Granted		238,082			50.08
Exercised		—			—
Forfeited		(860	)		110

Non-vested December 31, 2018		237,222		$	49.86

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

Performance-based RSUs

The following table summarizes non-vested performance-based RSU activity during 2018:


	Performance-based RSUs		Weighted-average grant-date fair value per share
Non-vested December 31, 2017		—	$	—
Granted		1,050,000		7.76
Exercised		—		—
Forfeited		—		—

Non-vested December 31, 2018		1,050,000	$	7.76

Income Taxes (Tables)

6 Months Ended

Jun. 30, 2019

Income Tax Disclosure [Abstract]

Summary of Loss Loss Before Income Taxes

For financial reporting purposes, loss before income taxes includes the following components:


	Year ended December 31,
	2018			2017			2016
Canada	$	(25,333	)	$	(7,411	)	$	(7,883	)
U.S.		(42,418	)		—			—
Portugal		(2,208	)		—			—
Other countries		(2,215	)		(398	)		—

Total	$	(72,174	)	$	(7,809	)	$	(7,883	)

Summary of Expense for Income Taxes

The expense for income taxes consists of:


	Year ended December 31,
	2018			2017		2016
Current:
Canada	$	—		$	—	$	—
Other countries		34			—		—

Total	$	34		$	—	$	—

Deferred:
Canada	$	—		$	—	$	—
U.S.		(4,485	)		—		—

Total	$	(4,485	)	$	—	$	—

Summary of Effective Income Tax Rate Reconciliation

Reconciliation of the expected income tax at the United States statutory income tax rate of 21% (2017 – 35%) to income tax expense:


	Year ended December 31,
	2018			2017			2016
Loss before income taxes:	$	(72,174	)	$	(7,809	)	$	(7,883	)

Expected income tax recovery		(15,157	)		(2,733	)		(2,797	)
Difference in foreign tax rates		(1,864	)		675			719
Foreign exchange and other		1,399			(480	)		(72	)
Non-deductible expenses		5,331			61			(40	)
Changes in enacted rates		—			(288	)		—
Utilization of losses no previously recognized		—			(9	)		—
Change in valuation allowance		5,840			2,774			2,190

Income tax recovery, net	$	(4,451	)	$	—		$	—

Summary of Components of Deferred Tax

The following table summarizes the components of deferred tax:


	Year ended December 31,
	2018			2017			2016
Deferred assets
Tax loss carryforwards – Canada	$	13,723		$	8,297		$	5,821
Tax loss carryforwards – U.S.		4,173			—			—
Tax loss carryforwards – other countries		607			148			9
Property and equipment		2,510			183			98
Deferred financing costs		27			37			—
Investment tax credits and related pool balance		57			57			57
Other		—			8			—

Total Deferred tax assets		21,097			8,730			5,985
Less valuation allowance		(14,433	)		(8,601	)		(5,836	)

Net deferred tax assets		6,664			129			149
Deferred tax liabilities
Plant and equipment		(2,328	)		—			—
Intangible assets		(289	)		(129	)		(144	)
Deferred financing costs		—			—			(5	)
Equity portion of convertible senior notes due 2023		(8,471	)		—			—

Total deferred tax liabilities		(11,088	)		(129	)		(149	)

Net deferred tax liability	$	(4,424	)	$	—		$	—

Summary of Canadian Non-Capital Loss Carryforwards

The Canadian non-capital loss carryforwards expire as noted in the table below:


December 31,	Amount
2033	$	381
2034		6,429
2035		7,627
2036		7,230
2037		6,195
2038		23,202

	$	51,064

Summary of Open Tax Years


Jurisdiction	Open Years
Netherlands		2016 – 2018
Canada		2014 – 2018
Germany		2016 – 2018
Australia		2017 – 2018
Portugal		2017 – 2018

Summary of Movements in Valuation Allowance

The following table outlines the movements in the valuation allowance:


	Balance at beginning of year		Change due to expense and foreign exchange			Deductions		Balance at end of year
Year ended December 31, 2018	$	8,601	$	(113	)	$	5,945	$	14,433
Year ended December 31, 2017	$	5,836	$	395		$	2,370	$	8,601

Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2019

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Minimum Rental Payments Under All Non-cancelable Capital and Operating Leases

Aggregate future minimum rental payments under all non-cancelable capital and operating leases are as follows:


	Operating Leases				Capital Leases
	December 31,				December 31,
	2018		2017		2018		2017
2019	$	916	$	46	$	733	$	772
2020		857		15		733		772
2021		727		—		733		772
2022		589		—		733		772
2023		510		—		183		579
Thereafter		1,372		—		—		—

	$	4,971	$	61	$	3,115	$	3,667

Related-Party Transaction (Tables)

12 Months Ended

Dec. 31, 2018

Privateer [Member]

The various components of the Privateer Holdings debt facilities which represents the related-party balances outstanding are as follows:


	As of December 31,
	2018		2017
Privateer Holdings credit facility	$	—	$	24,700
Privateer Holdings construction facility		—		6,395
Privateer Holdings start-up loans		—		1,731

Total	$	—	$	32,826

Privateer Holdings Start Up Loans [Member]

The outstanding balances under these loans are:


	Year ended December 31,
	2018		2017
Tilray Deutschland GmbH	$	—	$	1,340
Tilray Portugal Unipessoal, Lda.		—		105
Other		—		286

	$	—	$	1,731

Business Segment Information (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

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

Sources of revenues were as follows:


	Year Ended December 31,
	2018		2017		2016
Dried Cannabis	$	21,674	$	16,260	$	11,324
Cannabis extracts		21,179		3,965		1,107
Accessories and other		277		313		213

Total	$	43,130	$	20,538	$	12,644

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

Revenues attributed to a geographic region based on the location of the customer were as follows:


	Year Ended December 31,
	2018		2017		2016
Canada	$	40,209	$	19,775	$	12,644
Other countries		2,921		763		—

Total	$	43,130	$	20,538	$	12,644

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

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


	December 31,
	2018		2017
Canada	$	64,687	$	39,086
Portugal		15,455		—
Other countries		72		899

Total	$	80,214	$	39,985

Quarterly Financial Data (unaudited) (Tables)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Data

Quarterly Financial Data (in thousands, except per share data):


	Three months ended
	March 31,			June 30,			September 30,			December 31,
2018
Revenue	$	7,808		$	9,744		$	10,047		$	15,531
Gross Margin		3,896			4,177			3,068			3,134
Operating Loss		(3,740	)		(10,990	)		(20,012	)		(22,908	)
Net loss		(5,181	)		(12,833	)		(18,699	)		(31,010	)
Net loss per share – basic and diluted	$	(0.07	)	$	(0.17	)	$	(0.21	)	$	(0.33	)
2017
Revenue	$	5,027		$	4,992		$	5,406		$	5,113
Gross Margin		2,768			2,708			2,967			2,934
Operating Loss		(388	)		(2,316	)		(2,182	)		(2,612	)
Net loss		(679	)		(2,435	)		(1,767	)		(2,928	)
Net loss per share – basic and diluted	$	(0.01	)	$	(0.01	)	$	(0.02	)	$	(0.04	)

Prepaid Expenses and Other Current Assets (Tables)

6 Months Ended

Jun. 30, 2019

Text Block [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

Goodwill (Tables)

6 Months Ended

Jun. 30, 2019

Goodwill and Intangible Assets 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

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

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)	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.

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 [Member]

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	)

Description of Business and Summary - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2018 Subsidiary	Dec. 31, 2016 USD ($)
Date of entity incorporation	Jan. 24, 2018
Place of entity incorporation	Delaware
Privateer [Member]
Parent entity name	Privateer Holdings, Inc. ("Privateer Holdings")
Number of subsidiaries \| Subsidiary	4
Capital contribution from parent \| $		$ 31,495

Summary of Significant Accounting Policies - Schedule of Consolidated Entity (Detail)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Line Items]
Date of formation	Jan. 24, 2018
Place of incorporation	Delaware
Tilray Canada, Ltd. [Member]
Accounting Policies [Line Items]
Date of formation	Sep. 06, 2013
Place of incorporation	British Columbia, Canada
Dorada Ventures Ltd [Member]
Accounting Policies [Line Items]
Date of formation	Oct. 18, 2013
Place of incorporation	British Columbia, Canada
High Park Farms Ltd [Member]
Accounting Policies [Line Items]
Date of formation	Feb. 19, 2016
Place of incorporation	British Columbia, Canada
Tilray Deutschland GmbH [Member]
Accounting Policies [Line Items]
Date of formation	Nov. 03, 2016
Place of incorporation	Germany
Tilray Portugal Unipessoal Lda [Member]
Accounting Policies [Line Items]
Date of formation	Apr. 05, 2017
Place of incorporation	Portugal
Pardal Holdings Lda [Member]
Accounting Policies [Line Items]
Date of formation	Apr. 24, 2017
Place of incorporation	Portugal
Tilray Australia New Zealand Pty Ltd [Member]
Accounting Policies [Line Items]
Date of formation	May 09, 2017
Place of incorporation	Australia
High Park Holdings Ltd [Member]
Accounting Policies [Line Items]
Date of formation	Feb. 08, 2018
Place of incorporation	British Columbia, Canada
National Cannabinoid Clinics Pty Ltd [Member]
Accounting Policies [Line Items]
Date of formation	Sep. 19, 2018
Place of incorporation	Australia
Tilray Latin America Sp A [Member]
Accounting Policies [Line Items]
Date of formation	Nov. 05, 2018
Place of incorporation	Chile
Tilray Portugal I I Lda [Member]
Accounting Policies [Line Items]
Date of formation	Dec. 11, 2018
Place of incorporation	Portugal

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Mar. 08, 2016
Summary Of Significant Accounting Policies [Line Items]
Antidilutive securities excluded from computation of earnings per share		7,902,263	0	0
Lease agreement description		The Company enters into various leases in conducting its business. At the inception of each lease, the Company evaluates the lease agreement to determine whether the lease is an operating or capital lease. A capital lease is a lease in which 1) ownership of the property transfers to the lessee by the end of the lease term; 2) the lease contains a bargain purchase ption; 3) the lease term is equal to 75% or more of the conomic life of the leased property; or 4) the present value of the minimum lease payment at the inception of the lease term equals or exceeds 90% of the fair alue of the leased property
Building [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment useful life		20 years
Privateer [Member]
Summary Of Significant Accounting Policies [Line Items]
Ownership interest					100.00%
Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment useful life		3 years
Percentage of economic life of capital leased property		75.00%
Percentage of present value of capital leased payment at inception of lease term		90.00%
Market value of common stock held by non affiliates	$ 700
Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Cash and cash equivalents maturity period		3 months
Property, plant and equipment useful life		7 years

Investments - Summary of Available for Sale Securities (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Dec. 31, 2017
Schedule Of Available For Sale Securities [Line Items]
Available-for-sale securities, fair value			$ 0
Short-term Investments [Member]
Schedule Of Available For Sale Securities [Line Items]
Available-for-sale securities, amortized costs		$ 30,367
Available-for-sale securities, Gross unrealized gains		32
Available-for-sale securities, Gross unrealized losses		64
Available-for-sale securities, fair value		30,335
Short-term Investments [Member] \| Treasury Bills [Member]
Schedule Of Available For Sale Securities [Line Items]
Available-for-sale securities, amortized costs		30,367
Available-for-sale securities, Gross unrealized gains		32
Available-for-sale securities, Gross unrealized losses		64
Available-for-sale securities, fair value		30,335
Long-term Investments [Member]
Schedule Of Available For Sale Securities [Line Items]
Available-for-sale securities, amortized costs		17,713
Available-for-sale securities, Gross unrealized losses		802
Available-for-sale securities, fair value		16,911
Long-term Investments [Member] \| Investment in Equities [Member]
Schedule Of Available For Sale Securities [Line Items]
Available-for-sale securities, amortized costs		17,713
Available-for-sale securities, Gross unrealized losses	$ 226	802
Available-for-sale securities, fair value		$ 16,911

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

Investments - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Dec. 31, 2017
Schedule Of Available For Sale Securities [Line Items]
Short-term and long-term investments			$ 0
Investment in joint venture under the equity method	$ 6,134
Long-term Investments [Member]
Schedule Of Available For Sale Securities [Line Items]
Available-for-sale securities, Gross unrealized loss		$ 802
Short-term and long-term investments		16,911
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
Investment in Equities [Member] \| Long-term Investments [Member]
Schedule Of Available For Sale Securities [Line Items]
Available-for-sale securities, Gross unrealized loss	$ 226	802
Short-term and long-term investments		$ 16,911

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 Equities [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 cash equivalents		152,879
Total investments		30,335
Corporate Bond [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total cash equivalents		7,796
Money Market Fund [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total cash equivalents		33,111
Total investments	36,323
Commercial Paper [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total cash equivalents		9,975
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 Equities [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 cash equivalents		152,879
Total investments		30,335
Level 1 [Member] \| Corporate Bond [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total cash equivalents		7,796
Level 1 [Member] \| Money Market Fund [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total cash equivalents		33,111
Total investments	36,323
Level 1 [Member] \| Commercial Paper [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Total cash equivalents		9,975
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 Equities [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) Transfer in Thousands, $ in Thousands	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2019 Transfer	Jun. 30, 2019 USD ($) Transfer	Jun. 30, 2018 Transfer	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Unrealized gain recorded in other comprehensive income		$ 6		$ 69
Transfers between levels of fair value hierarchy \| Transfer	1	0	0
Fair Value, Measurements, Recurring [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Assets, Fair Value Disclosure					$ 0

Inventory - Schedule of Inventory (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Dec. 31, 2017
Inventory [Line Items]
Raw materials	$ 14,718	$ 2,132	$ 163
Work-in-process	39,142	12,812
Finished goods	21,457	1,267
Total	$ 75,317	16,211	7,421
Dry Cannabis [Member]
Inventory [Line Items]
Work-in-process		9,982	1,396
Finished goods		113	3,501
Cannabis Extracts [Member]
Inventory [Line Items]
Work-in-process		2,830	30
Finished goods		1,083	2,158
Accessories [Member]
Inventory [Line Items]
Finished goods		$ 71	$ 173

Inventory - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Inventory [Line Items]
Inventory write-downs	$ 201	$ 491	$ 525	$ 703	$ 384	$ 204	$ 234
Dry Cannabis and Cannabis Extracts [Member]
Inventory [Line Items]
Inventory write-downs					$ 4,561	$ 617

Property and Equipment, Net - Summary of Property and Equipment (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Dec. 31, 2017
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 159,024	$ 87,714	$ 44,565
Less: accumulated depreciation and amortization	(11,466)	(7,500)	(4,580)
Total	147,558	80,214	39,985
Land [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	5,717	4,498	2,547
Buildings and Leasehold Improvements [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	93,295	51,111	19,569
Laboratory and Manufacturing Equipment [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	22,791	6,131	2,815
Office and Computer Equipment [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	3,510	970	571
Assets under Capital Lease [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	10,069	9,661	9,191
Construction in Process [Member]
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 23,642	$ 15,343	$ 9,872

Property and Equipment, Net - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Property Plant And Equipment [Line Items]
Property, plant and equipment additions			$ 68,853	$ 25,979
General Office Space and Equipment [Member]
Property Plant And Equipment [Line Items]
Depreciation expense	$ 239	$ 30	544	59
Construction in Process [Member]
Property Plant And Equipment [Line Items]
Capitalized interest	108	35	166	169	$ 158	$ 34
Cost of Sales [Member]
Property Plant And Equipment [Line Items]
Depreciation expense	$ 508	$ 157	$ 1,507	$ 259	1,964	1,303	$ 1,247
General and Administrative Expense [Member]
Property Plant And Equipment [Line Items]
Depreciation expense					$ 149	$ 95	$ 92

Intangible Assets - Schedule of Intangible Assets (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018	Dec. 31, 2017
Acquired Finite Lived Intangible Assets [Line Items]
Finite lived intangible asset, Cost		$ 3,755	$ 2,813
Total intangible asset, Cost	$ 337,838	6,739	2,813
Finite lived intangible asset, Accumulated Amortization	5,855	2,253	1,879
Finite lived intangible asset, Net		1,502	934
Intangible assets, net	331,983	$ 4,486	934
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)	3 years	3 years
Finite lived intangible asset, Cost	$ 4,231	$ 3,755	2,813
Finite lived intangible asset, Accumulated Amortization	2,772	2,253	1,879
Finite lived intangible asset, Net	$ 1,459	1,502	$ 934
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	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Finite lived intangible asset, Net		$ 1,502	$ 934
Finite lived intangible assets amortization expense, 2019		731
Finite lived intangible assets amortization expense, 2020	$ 9,964	431
Finite lived intangible assets amortization expense, 2021	9,306	340
Finite lived intangible assets amortization expense, thereafter		0
Finite lived intangible assets amortization expense, 2019	5,080
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]
Finite lived intangible asset, Net	6,454	3,027
Additional Functionalities For Patient Portal [Member]
Finite-Lived Intangible Assets [Line Items]
Net carrying value of intangible assets under construction		43	$ 381
Alef License [Member]
Finite-Lived Intangible Assets [Line Items]
Finite lived intangible asset, Net	$ 4,086	$ 2,984

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	Dec. 31, 2017
Accounts Payable, Accrued Liabilities and Other Current Liabilities [Line Items]
Accounts payable - trade	$ 24,287	$ 9,716	$ 5,563
Accounts payable - related parties	81	933
Total accounts payable	24,368	10,649	5,563
Accrued interest on Convertible Notes	5,938	5,302
Accrued payroll	7,943	3,278	610
Accrued legal fees	486	565	10
Contingent consideration for acquisitions	49,581
Other accrued expenses and current liabilities	17,984	5,673	1,401
Total accrued expenses and other current liabilities	151,288	14,818	2,021
Total		$ 25,467	$ 7,584
Manitoba Harvest
Accounts Payable, Accrued Liabilities and Other Current Liabilities [Line Items]
Consideration payable for acquisition of Manitoba Harvest	$ 69,356

Long-Term Debt - Summary of Long-term Debt (Detail) $ in Thousands	Dec. 31, 2017 USD ($)
Debt Instrument [Line Items]
Unamortized deferred financing costs	$ (105)
Long-term Debt	9,432
Less current portion of long-term debt	(9,432)
11.5% Mortgage Loan Payable Due January 2019 [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 9,537

Long-Term Debt - Summary of Long-term Debt (Parenthetical) (Detail) - 11.5% Mortgage Loan Payable Due January 2019 [Member]	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Debt instrument interest rate	11.50%	11.50%	11.50%
Debt instrument maturity period	Jan. 01, 2019	Jan. 01, 2019

Long-Term Debt - Additional Information (Detail) $ in Thousands, $ in Thousands	1 Months Ended	12 Months Ended
	Jul. 31, 2018 USD ($)	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016 USD ($)	Dec. 31, 2016 CAD ($)
Debt Instrument [Line Items]
Mortgage loan extended maturity date		Jan. 01, 2019
Mortgage loan extension renewal fees	$ 90
Mortgage loan extension renewal fees basis point	75.00%
11.5% Mortgage Loan Payable Due January 2019 [Member]
Debt Instrument [Line Items]
Debt instrument, face amount				$ 8,909	$ 12,000
Debt instrument interest rate		11.50%	11.50%	11.50%	11.50%

Convertible Notes - Additional Information (Detail) $ / shares in Units, $ in Thousands	1 Months Ended	6 Months Ended	12 Months Ended
	Oct. 31, 2018 USD ($)	Jun. 30, 2019 USD ($) $ / shares	Dec. 31, 2018 USD ($) $ / shares	Dec. 31, 2016 USD ($)
Debt Instrument [Line Items]
Transaction costs attributable to convertible notes				$ 359
Offering cost attributable to equity			$ 15,299
Convertible Senior Notes Due 2023
Debt Instrument [Line Items]
Debt instrument, face amount	$ 475,000	$ 475,000	$ 475,000
Proceeds from issuance of debt	$ 460,134	$ 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	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%	5.00%
Debt instrument maturity period	Oct. 01, 2023	Oct. 01, 2023
Debt instrument, periodic payment of principal amount	$ 0	$ 0
Debt instrument, term	5 years	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”)	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	5.9735
Conversion price per share \| $ / shares		$ 167.41	$ 167.41
Debt instrument convertible beneficial conversion feature	$ 57,600
Effective interest rate			8.00%
Transaction costs attributable to convertible notes		$ 13,467	$ 13,467
Offering cost attributable to equity			$ 1,398

Convertible Notes - Schedule of Components of Net Carrying Amount of Convertible Notes (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Oct. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Long-term Debt				$ 9,432
Convertible Senior Notes Due 2023
Debt Instrument [Line Items]
5.00% Convertible Notes	$ 475,000	$ 475,000	$ 475,000
Unamortized discount	(37,866)	(41,687)
Unamortized transaction costs	(11,734)	(12,946)
Long-term Debt	$ 425,400	$ 420,367

Convertible Notes - Schedule of Interest Expense Schedule of Interest Expense Related to Convertible Notes (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Amortization of discount	$ 5,033	$ 2,180
Convertible Senior Notes Due 2023
Debt Instrument [Line Items]
Contractual coupon interest	11,875	5,302
Amortization of discount	3,821	2,152
Amortization of transaction costs	1,212	28
Total	$ 16,908	$ 7,482

Stockholders' Equity - Additional Information (Detail)	1 Months Ended					2 Months Ended	12 Months Ended
Stockholders' Equity - Additional Information (Detail)	Mar. 31, 2019 $ / shares shares	Feb. 28, 2019 $ / shares shares	Jan. 31, 2019 $ / shares shares	Jul. 31, 2018 $ / shares shares	Feb. 28, 2018 shares	Mar. 31, 2018 $ / shares shares	Dec. 31, 2018 shares	Jul. 31, 2018 $ / shares	Mar. 31, 2018 $ / shares	Dec. 31, 2017 Vote $ / shares shares
Class Of Stock [Line Items]
Capital Stock Authorized							0			1
Capital Stock Issued							0			1
Capital Stock outstanding							0			1
Capital stock, par value \| $ / shares										$ 1
Capital stock, vote entitled to each share \| Vote										1
IPO [Member] \| Underwriter Options [Member]
Class Of Stock [Line Items]
Common stock issued, Shares				1,350,000
Class 2 Common Stock [Member] \| Natura Acquisition [Member]
Class Of Stock [Line Items]
Common stock issued, Shares		180,332
Share Price \| $ / shares		$ 83.73
Class 2 Common Stock [Member] \| Manitoba Harvest Acquisition [Member]
Class Of Stock [Line Items]
Common stock issued, Shares	1,209,946
Share Price \| $ / shares	$ 80.04
Class 2 Common Stock [Member] \| IPO [Member]
Class Of Stock [Line Items]
Common stock issued, Shares				10,350,000
Share Price \| (per share)				$ 22.45				$ 17.00
Conversion of Series A preferred stock to common stock				7,794,042
Series A preferred stock conversion basis							One-for-one basis
Class 2 Common Stock [Member] \| ABG Intermediate Holdings 2 LLC [Member]
Class Of Stock [Line Items]
Common stock issued, Shares	840,107		840,107
Share Price \| $ / shares	$ 79.35		$ 79.35
Fair value of common stock, per share \| $ / shares	$ 59.77		$ 89.13
Class 2 Common Stock [Member] \| Privateer [Member] \| IPO [Member]
Class Of Stock [Line Items]
Common stock issued, Shares					58,333,333
Class 1 Common Stock [Member] \| Privateer [Member]
Class Of Stock [Line Items]
Stock issued during period, shares, in exchange of assets					75,000,000
Class 1 Common Stock [Member] \| Privateer [Member] \| IPO [Member]
Class Of Stock [Line Items]
Conversion of stock, shares converted into Class 2 common stock					58,333,333
Common stock issued, Shares					16,666,667
Series A Preferred Stock [Member]
Class Of Stock [Line Items]
Common stock issued, Shares						7,794,042
Shares Issued, Price Per Share \| (per share)						$ 8.90			$ 7.10

Stockholders' Equity - Summary of Capital Stock (Detail) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Class 1 Common Stock [Member]
Class Of Stock [Line Items]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	250,000,000	250,000,000
Common stock voting rights	10 votes for each share	10 votes for each share
Class 2 Common Stock [Member]
Class Of Stock [Line Items]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	500,000,000	500,000,000
Common stock voting rights	1 vote for each share	1 vote for each share
Convertible Preferred Stock [Member]
Class Of Stock [Line Items]
Convertible preferred stock, par value	$ 0.0001	$ 0.0001
Convertible preferred stock, shares authorized	10,000,000	10,000,000
Convertible preferred stock voting rights	N/A	N/A

General and Administrative Expenses - Schedule of General and Administrative Expenses (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
General And Administrative Expense [Abstract]
Salaries	$ 7,241	$ 2,260	$ 13,652	$ 3,357	$ 11,721	$ 3,717	$ 2,640
Professional fees	4,208	1,174	6,665	2,656	7,557	1,715	424
Travel expenses	1,161	554	1,882	719	2,031	287	109
Depreciation and amortization	2,385	281	4,248	503	1,598	902	591
Other expenses	3,855	1,354	7,063	2,755	8,400	1,780	1,126
Total	$ 16,465	$ 5,342	$ 29,262	$ 9,487	$ 31,307	$ 8,401	$ 4,890

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	Dec. 31, 2017	Dec. 31, 2016	May 21, 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	$ 359,000	$ 139,000	$ 94,000
Weighted average fair values of stock options granted, per share					$ 3.05	$ 1.79	$ 1.91
Intrinsic values of stock options exercised					$ 176,000	$ 19,000	$ 51,000
Unrecognized compensation expense	856,000		$ 856,000		$ 557,000
Unrecognized stock-based compensation expense to be recognized in period, years			10 months 24 days		1 year 1 month 6 days
Fair values of stock option vested			$ 341,000	$ 85,000	$ 276,000	145,000	$ 118,000
Stock options granted			0	301,442	304,942
Original Stock Option Plan [Member] \| Privateer [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares reserved for future issuance					6,760,879
Percentage of stock issuance under the plan					100.00%
Share based compensation arrangement by share based payment award vesting period from grant date					4 years
Vested options expire, if not exercised for periods from the date of grant					10 years
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	$ 20,629,000
Stock Options, Restricted Stock Units Or Restricted Stock Awards Granted						$ 0
2018 Equity Incentive Plan [Member] \| Class 2 common stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares reserved for future issuance								9,199,338
Common shares reserved for issuance, annual automatic increase percentage					4.00%
2018 Equity Incentive Plan [Member] \| Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation, grant term					10 years
2018 Equity Incentive Plan [Member] \| Maximum [Member] \| Class 2 common stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number Of Common Stock Reserved For Issuance Term					10 years
2018 Equity Incentive Plan [Member] \| SARs [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation, number of other than options issued					0
2018 Equity Incentive Plan [Member] \| SARs [Member] \| Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation, grant term					10 years
2018 Equity Incentive Plan [Member] \| Stock Options and Restricted Stock Units [Member] \| Class 2 common stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares reserved for future issuance	12,926,172		12,926,172		12,926,172
2018 Equity Incentive Plan [Member] \| Time-based Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average fair values of stock options granted, per share			$ 28.88		$ 7.74
Unrecognized compensation expense	$ 30,068,000		$ 30,068,000		$ 38,250,000
Unrecognized stock-based compensation expense to be recognized in period, years			2 years 4 months 24 days		2 years 9 months 18 days
Fair values of stock option vested			$ 5,500,000	$ 0	$ 5,508,000
Stock options granted			10,000	5,479,196	6,106,011
2018 Equity Incentive Plan [Member] \| Performance-based Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average fair values of stock options granted, per share					$ 4.15
Unrecognized compensation expense	70,000		$ 70,000		$ 593,000
Unrecognized stock-based compensation expense to be recognized in period, years			1 month 6 days		7 months 6 days
Fair values of stock option vested			$ 913,000		$ 1,246,000
Stock options granted			0	600,000	600,000
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		3 years 2 months 1 day
Share-based compensation, number of other than options issued	928,156		928,156		237,222
Unrecognized stock-based compensation expense					$ 10,336,000
Number of RSUs vested			35,000		0
Number of RSUs granted			756,825	140,000	238,082
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		1 year 8 months 23 days
Share-based compensation, number of other than options issued	571,875		571,875		1,050,000
Unrecognized stock-based compensation expense					$ 1,882,000
Number of RSUs vested			478,125		0
Number of RSUs granted				1,050,000	1,050,000
2018 Equity Incentive Plan [Member] \| Non-Employee Director [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Granted Fair Value Share Based Compensation					$ 1,000,000
2018 Equity Incentive Plan [Member] \| Non-Employee Director [Member] \| Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Granted Value Share Based Compensation					$ 500,000
2018 Equity Incentive Plan [Member] \| Restricted Stock Units (RSUs) [Member] \| Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period					4 years
2018 Equity Incentive Plan [Member] \| Restricted Stock Units (RSUs) [Member] \| Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period					3 years

Stock-Based Compensation - Weighted Average Fair Value Assumptions (Detail)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Original Stock Option Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected stock option life	5 years 1 month 24 days	5 years 10 months 2 days	6 years 18 days
Expected volatility	48.82%	56.23%	63.32%
Risk-free interest rate	2.35%	2.01%	1.46%
Expected dividend yield	0.00%	0.00%	0.00%
2018 Equity Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected stock option life	5 years 9 months 14 days
Expected volatility	58.54%
Risk-free interest rate	2.92%
Expected dividend yield	0.00%

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	Dec. 31, 2017
Original Stock Option Plan [Member]
Stock options
Shares, Beginning Balance	592,594	364,571	364,571
Shares, Granted	0	301,442	304,942
Shares, Allocated to Tilray	143,794
Shares, Exercised	(13,370)		(45,688)
Shares, Forfeited	(6,310)		(25,881)
Shares, Cancelled	(1,042)		(5,350)
Shares, Ending Balance	715,666		592,594	364,571
Shares, Vested and expected to vest	644,381		522,301
Shares, Vested and exercisable	353,209		286,393
Weighted-average exercise price
Weighted-average exercise price, Beginning Balance	$ 4.14	$ 2.41	$ 2.41
Weighted-average exercise price, Allocated to Tilray	4.26
Weighted-average exercise price, Granted			5.92
Weighted-average exercise price, Exercised	3.79		1.81
Weighted-average exercise price, Forfeited	4.24		5.14
Weighted-average exercise price, Cancelled	3.88		3.29
Weighted-average exercise price, Ending Balance	4.21		4.14	$ 2.41
Weighted-average exercise price, Vested and expected to vest	4.03		3.94
Weighted-average exercise price, Vested and exercisable	$ 3.18		$ 2.85
Weighted-average remaining contractual term (years)
Weighted-average remaining contractual term	7 years 9 months 18 days		8 years 1 month 6 days	7 years 10 months 24 days
Weighted-average remaining contractual term, Vested and expected to vest	7 years 8 months 12 days		8 years
Weighted-average remaining contractual term, Vested and exercisable	7 years 2 months 12 days		7 years 2 months 12 days
Aggregate intrinsic value
Aggregate intrinsic value	$ 30,892		$ 989	$ 1,185
Aggregate intrinsic value, Vested and expected to vest	27,933		955
Aggregate intrinsic value, Vested and exercisable	$ 15,610		$ 805
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	6,106,011
Shares, Exercised	(488,840)
Shares, Forfeited	(46,162)		(90,970)
Shares, Ending Balance	5,490,039		6,015,041
Shares, Vested and expected to vest	5,281,387		5,708,817
Shares, Vested and exercisable	1,800,954		1,312,500
Weighted-average exercise price
Weighted-average exercise price, Beginning Balance	$ 13.54
Weighted-average exercise price, Granted	70.25		$ 13.66
Weighted-average exercise price, Exercised	7.76
Weighted-average exercise price, Forfeited	28.27		21.49
Weighted-average exercise price, Ending Balance	14.03		13.54
Weighted-average exercise price, Vested and expected to vest	13.85		13.54
Weighted-average exercise price, Vested and exercisable	$ 7.76		$ 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		9 years 4 months 24 days
Weighted-average remaining contractual term, Vested and exercisable	8 years 10 months 24 days		9 years 4 months 24 days
Aggregate intrinsic value
Aggregate intrinsic value	$ 189,799		$ 342,916
Aggregate intrinsic value, Vested and expected to vest	183,208		326,567
Aggregate intrinsic value, Vested and exercisable	$ 69,877		$ 82,399
2018 Equity Incentive Plan [Member] \| Performance-based Stock Options [Member]
Stock options
Shares, Beginning Balance	600,000
Shares, Granted	0	600,000	600,000
Shares, Exercised	(80,000)
Shares, Ending Balance	520,000		600,000
Shares, Vested and expected to vest	518,991		591,486
Shares, Vested and exercisable	220,000		300,000
Weighted-average exercise price
Weighted-average exercise price, Beginning Balance	$ 7.76
Weighted-average exercise price, Granted			$ 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		7.76
Weighted-average exercise price, Vested and exercisable	$ 7.76		$ 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		9 years 4 months 24 days
Weighted-average remaining contractual term, Vested and exercisable	8 years 10 months 24 days		9 years 4 months 24 days
Aggregate intrinsic value
Aggregate intrinsic value	$ 20,176		$ 37,668
Aggregate intrinsic value, Vested and expected to vest	20,137		37,134
Aggregate intrinsic value, Vested and exercisable	$ 8,536		$ 18,834

Stock-Based Compensation - Schedule of RSU Activity (Detail) - 2018 Equity Incentive Plan [Member] - $ / shares	6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 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	238,082
Share equivalent, Issued on vesting	(35,000)		0
Share equivalent, Forfeited	(30,891)		(860)
Share equivalent, Ending Balance	928,156		237,222
Weighted-average grant date fair value, Beginning Balance	$ 49.86
Weighted-average grant date fair value, Granted	55.27		$ 50.08
Weighted-average grant date fair value, Issued on Vesting	7.76
Weighted-average grant date fair value, Forfeited	61.47		110
Weighted-average grant date fair value, Ending Balance	$ 55.47		$ 49.86
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	1,050,000
Share equivalent, Issued on vesting	(478,125)		0
Share equivalent, Ending Balance	571,875		1,050,000
Weighted-average grant date fair value, Beginning Balance	$ 7.76
Weighted-average grant date fair value, Granted			$ 7.76
Weighted-average grant date fair value, Issued on Vesting	7.76
Weighted-average grant date fair value, Ending Balance	$ 7.76		$ 7.76

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Dec. 31, 2017
Operating Loss Carryforwards [Line Items]
Equity portion of convertible notes			$ 8,471
Deferred income tax recovery	$ 2,642	$ 6,419	$ 4,485
United States statutory income tax rate			21.00%	35.00%
Accumulated tax losses available to offset future years' federal and provincial taxable income			$ 51,064	$ 30,000
Operating Loss Carryforwards			51,064
Deferred Tax Asset, Valuation Allowance [Member]
Operating Loss Carryforwards [Line Items]
Increase in deferred tax valuation allowance			5,832	2,765
Valuation allowance increase due to current year losses tax credit foreign exchange and other			10,317
Australian [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards			162	167
Portugal [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards			$ 2,538	$ 74
Net operating loss carryforward expiration year			2023
Net operating loss carryforward expiration period			5 years
U.S. [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards			$ 19,872
Net operating loss carryforwards offset percentage of taxable income.			80.00%
Alef [Member]
Operating Loss Carryforwards [Line Items]
Deferred tax liability from initial recognition			$ 100
Convertible Senior Notes Due 2023
Operating Loss Carryforwards [Line Items]
Equity portion of convertible notes			$ 8,809

Income Taxes - Loss Loss Before Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Canada					$ (25,333)	$ (7,411)	$ (7,883)
Loss before income taxes	$ (37,248)	$ (12,770)	$ (71,566)	$ (17,951)	(72,174)	(7,809)	$ (7,883)
U.S. [Member]
Other countries					(42,418)
Portugal [Member]
Other countries					(2,208)
Other Countries [Member]
Other countries					$ (2,215)	$ (398)

Income Taxes - Summary of Expense for Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Current:
Canada					$ 0	$ 0	$ 0
Other countries					34
Total	$ 447	$ 63	$ 207	$ 63	34
Deferred:
Canada					0	$ 0	$ 0
U.S.					(4,485)
Total	$ (2,642)		$ (6,419)		$ (4,485)

Income Taxes - Summary of Effective Income Tax Rate Reconciliation (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Loss before income taxes:	$ (37,248)	$ (12,770)	$ (71,566)	$ (17,951)	$ (72,174)	$ (7,809)	$ (7,883)
Expected income tax recovery					(15,157)	(2,733)	(2,797)
Difference in foreign tax rates					(1,864)	675	719
Foreign exchange and other					1,399	(480)	(72)
Non-deductible expenses					5,331	61	(40)
Changes in enacted rates						(288)
Utilization of losses no previously recognized						(9)
Change in valuation allowance					5,840	$ 2,774	$ 2,190
Income tax recovery, net					$ (4,451)

Income Taxes - Summary of Components of Deferred Tax (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Deferred assets
Tax loss carryforwards - Canada	$ 13,723	$ 8,297	$ 5,821
Property and equipment	2,510	183	98
Deferred financing costs	27	37
Investment tax credits and related pool balance	57	57	57
Other		8
Total Deferred tax assets	21,097	8,730	5,985
Less valuation allowance	(14,433)	(8,601)	(5,836)
Net deferred tax assets	6,664	129	149
Deferred tax liabilities
Plant and equipment	(2,328)
Intangible assets	(289)	(129)	(144)
Deferred financing costs			(5)
Equity portion of convertible senior notes due 2023	(8,471)
Total deferred tax liabilities	(11,088)	(129)	(149)
Net deferred tax liability	(4,424)
U.S. [Member]
Deferred assets
Tax loss carryforwards	4,173
Other Countries [Member]
Deferred assets
Tax loss carryforwards	$ 607	$ 148	$ 9

Income Taxes - Summary of Canadian Non-Capital Loss Carryforwards (Detail) $ in Thousands	Dec. 31, 2018 USD ($)
Operating Loss Carryforwards [Line Items]
Non-capital loss carryforwards	$ 51,064
2033 [Member]
Operating Loss Carryforwards [Line Items]
Non-capital loss carryforwards	381
2034 [Member]
Operating Loss Carryforwards [Line Items]
Non-capital loss carryforwards	6,429
2035 [Member]
Operating Loss Carryforwards [Line Items]
Non-capital loss carryforwards	7,627
2036 [Member]
Operating Loss Carryforwards [Line Items]
Non-capital loss carryforwards	7,230
2037 [Member]
Operating Loss Carryforwards [Line Items]
Non-capital loss carryforwards	6,195
2038 [Member]
Operating Loss Carryforwards [Line Items]
Non-capital loss carryforwards	$ 23,202

Income Taxes - Summary of Open Tax Years (Detail)	12 Months Ended
Income Taxes - Summary of Open Tax Years (Detail)	Dec. 31, 2018
Portugal [Member] \| Minimum [Member]
Income Tax Examination [Line Items]
Open Years	2017
Portugal [Member] \| Maximum [Member]
Income Tax Examination [Line Items]
Open Years	2018
Netherlands [Member] \| Minimum [Member]
Income Tax Examination [Line Items]
Open Years	2016
Netherlands [Member] \| Maximum [Member]
Income Tax Examination [Line Items]
Open Years	2018
Canada [Member] \| Minimum [Member]
Income Tax Examination [Line Items]
Open Years	2014
Canada [Member] \| Maximum [Member]
Income Tax Examination [Line Items]
Open Years	2018
Germany [Member] \| Minimum [Member]
Income Tax Examination [Line Items]
Open Years	2016
Germany [Member] \| Maximum [Member]
Income Tax Examination [Line Items]
Open Years	2018
Australia [Member] \| Minimum [Member]
Income Tax Examination [Line Items]
Open Years	2017
Australia [Member] \| Maximum [Member]
Income Tax Examination [Line Items]
Open Years	2018

Income Taxes - Summary of Movements in Valuation Allowance (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Balance at beginning of year	$ 8,601	$ 5,836
Change due to expense and foreign exchange	(113)	395
Deductions	5,945	2,370
Balance at end of year	$ 14,433	$ 8,601

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Long-term Purchase Commitment [Line Items]
Lease expiration date	Sep. 30, 2017
Rent expense under operating leases	$ 745	$ 175	$ 0
Rose Lifescience Inc [Member] \| Distribution And Marketing [Member]
Long-term Purchase Commitment [Line Items]
Minimum commitment Fees	$ 500
Commitment Term	5 years

Commitments and Contingencies - Schedule of Future Minimum Rental Payments Under All Non-cancelable Capital and Operating Leases (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Operating leases future minimum payments
2019	$ 916	$ 46
2020	857	15
2021	727
2022	589
2023	510
Thereafter	1,372
Total	4,971	61
Capital leases future minimum payments
2019	733	772
2020	733	772
2021	733	772
2022	733	772
2023	183	579
Thereafter	0	0
Total	$ 3,115	$ 3,667

Business Combinations - Additional Information (Detail) $ in Thousands, $ in Thousands				1 Months Ended			3 Months Ended										6 Months Ended		12 Months Ended
	Feb. 28, 2019 USD ($)	Feb. 15, 2019 USD ($)	Feb. 15, 2019 CAD ($)	Feb. 28, 2019 USD ($)	Feb. 28, 2019 CAD ($)	Oct. 31, 2018 USD ($)	Jun. 30, 2019 USD ($)	Mar. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Sep. 30, 2018 USD ($)	Jun. 30, 2018 USD ($)	Mar. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Sep. 30, 2017 USD ($)	Jun. 30, 2017 USD ($)	Mar. 31, 2017 USD ($)	Jun. 30, 2019 USD ($)	Jun. 30, 2018 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Business Acquisition [Line Items]
Increase in inventory																	$ 38,729	$ 428	$ 9,226	$ 3,295	$ (693)
Increase in accounts payable																	692	8,019	5,218	4,728	122
Decrease in accrued expenses and other current liabilities																	9,453	1,652	9,418	963	565
Goodwill							$ 154,954										154,954
Revenue							45,904		$ 15,531	$ 10,047	$ 9,744	$ 7,808	$ 5,113	$ 5,406	$ 4,992	$ 5,027	68,942	17,552	43,130	20,538	12,644
Net earnings (loss)							(35,053)	$ (30,301)	$ (31,010)	$ (18,699)	$ (12,833)	$ (5,181)	$ (2,928)	$ (1,767)	$ (2,435)	$ (679)	(65,354)	$ (18,014)	$ (67,723)	$ (7,809)	$ (7,883)
Alef [Member]
Business Acquisition [Line Items]
Preliminary purchase consideration						$ 2,893
Consideration held in escrow						736
Cash paid on closing						38
Alef [Member] \| Alef License [Member]
Business Acquisition [Line Items]
Recognized intangible asset						2,984
Alef [Member] \| Class 2 Common Stock [Member]
Business Acquisition [Line Items]
Consideration transferred in stock						$ 2,855
Manitoba Harvest
Business Acquisition [Line Items]
Preliminary purchase consideration	$ 310,272
Cash paid on closing	114,591
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			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
Manitoba Harvest \| Maximum [Member]
Business Acquisition [Line Items]
Preliminary purchase consideration				$ 37,129	$ 49,000
Natura Naturals Holdings Inc [Member]
Business Acquisition [Line Items]
Preliminary purchase consideration		$ 54,232
Cash paid on closing		15,252
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 [Member] \| Promissory Notes
Business Acquisition [Line Items]
Preliminary purchase consideration		$ 26,205	$ 34,500
Natura Naturals Holdings Inc [Member] \| Cultivation License [Member]
Business Acquisition [Line Items]
Recognized intangible asset		10,494
Finite lived intangible assets, period increase (decrease)							(378)
Natura Naturals Holdings Inc [Member] \| Supply contract [Member]
Business Acquisition [Line Items]
Recognized intangible asset		$ 2,340
Finite lived intangible assets, period increase (decrease)							$ (189)

Financial Instruments - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Financial Instruments [Abstract]
Change in exchange rate			10.00%		10.00%
Carrying value of net asset			$ 2,299		$ 2,817
Foreign exchange loss (gain), net	$ (1,611)	$ 1,358	$ (1,432)	$ 2,504	$ 7,234	$ (1,363)	$ (186)

Related Party Transactions - Summary of Various Components of Parent Company Debt Facilities Represents Related Party Balances Outstanding (Detail) $ in Thousands	Dec. 31, 2017 USD ($)
Related Party Transaction [Line Items]
Related-party balances outstanding	$ 32,826
Privateer [Member]
Related Party Transaction [Line Items]
Related-party balances outstanding	32,826
Privateer Holdings Credit Facility [Member] \| Privateer [Member]
Related Party Transaction [Line Items]
Related-party balances outstanding	24,700
Privateer Holdings Construction Facility [Member] \| Privateer [Member]
Related Party Transaction [Line Items]
Related-party balances outstanding	6,395
Privateer Holdings Start Up Loans [Member]
Related Party Transaction [Line Items]
Related-party balances outstanding	1,731
Privateer Holdings Start Up Loans [Member] \| Privateer [Member]
Related Party Transaction [Line Items]
Related-party balances outstanding	$ 1,731

Related Party Transactions - Additional Information (Detail) - USD ($)			1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Apr. 01, 2018	Jan. 01, 2018	Jul. 31, 2018	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 01, 2017	Nov. 01, 2017	Jan. 01, 2016
Schedule of Other Related Party Transactions [Line Items]
Repayment under Privateer Holdings debt facilities								$ 36,940,000
Accounts payable - related parties				$ 81,000		$ 81,000		933,000
Privateer [Member]
Schedule of Other Related Party Transactions [Line Items]
Interest expense								567,000	$ 548,000	$ 992,000
Repayment under Privateer Holdings debt facilities			$ 36,940,000
Management service fees				$ 0	$ 233,000	$ 106,000	$ 417,000	$ 3,878,000	$ 3,397,000
Business development and research and development services mark up percentage								9.00%
Personnel compensation mark up percentage						3.00%		3.00%
Management service fees floating interest rate								2.54%
Privateer [Member] \| Revolving Credit Facility [Member]
Schedule of Other Related Party Transactions [Line Items]
Line of credit facility, maximum borrowing capacity	$ 7,000,000												$ 25,000,000
Line of credit facility, interest rate	2.62%							2.54%
Privateer [Member] \| Demand Revolving Construction Facility [Member] \| High Park Farms Ltd [Member]
Schedule of Other Related Party Transactions [Line Items]
Line of credit facility, maximum borrowing capacity												$ 10,000,000
Line of credit facility, interest rate		2.54%
Privateer [Member] \| Demand Construction Facility [Member] \| Tilray Canada, Ltd. [Member]
Schedule of Other Related Party Transactions [Line Items]
Line of credit facility, maximum borrowing capacity											$ 1,000,000
Line of credit facility, interest rate		2.54%
Privateer [Member] \| Class 2 common stock [Member]
Schedule of Other Related Party Transactions [Line Items]
Percentage of ownership				100.00%		100.00%
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] \| 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				$ 75,000	$ 0	$ 125,000	$ 0
Accounts payable - related parties				$ 73,000		$ 73,000		$ 0
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%
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%

Related Party Transactions - Summary of Outstanding Balances under Loans (Detail) $ in Thousands	Dec. 31, 2017 USD ($)
Related Party Transaction [Line Items]
Due to related parties, current	$ 32,826
Privateer Holdings Start Up Loans [Member]
Related Party Transaction [Line Items]
Due to related parties, current	1,731
Tilray Deutschland GmbH [Member] \| Privateer Holdings Start Up Loans [Member]
Related Party Transaction [Line Items]
Due to related parties, current	1,340
Tilray Portugal Unipessoal Lda [Member] \| Privateer Holdings Start Up Loans [Member]
Related Party Transaction [Line Items]
Due to related parties, current	105
Other [Member] \| Privateer Holdings Start Up Loans [Member]
Related Party Transaction [Line Items]
Due to related parties, current	$ 286

Business Segment Information - Additional Information (Detail) $ in Thousands	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 Segments	Dec. 31, 2017	Dec. 31, 2016
Segment Reporting Information [Line Items]
Number of operating segment			1		1
Excise taxes	$ 3,862	$ 0	$ 5,776	$ 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%	24.00%
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] \| Revenue [Member] \| Minimum [Member]
Segment Reporting Information [Line Items]
Concentration risk percentage					10.00%
Customer Concentration Risk [Member] \| Revenue [Member] \| Minimum [Member] \| No Customer [Member]
Segment Reporting Information [Line Items]
Concentration risk percentage						10.00%	10.00%
Customer Concentration Risk [Member] \| Accounts Receivable [Member] \| Customer A [Member]
Segment Reporting Information [Line Items]
Concentration risk percentage			16.00%		16.00%
Customer Concentration Risk [Member] \| Accounts Receivable [Member] \| Customer B [Member]
Segment Reporting Information [Line Items]
Concentration risk percentage					30.00%
Customer Concentration Risk [Member] \| Accounts Receivable [Member] \| Minimum [Member]
Segment Reporting Information [Line Items]
Concentration risk percentage					10.00%
Customer Concentration Risk [Member] \| Accounts Receivable [Member] \| Minimum [Member] \| No Customer [Member]
Segment Reporting Information [Line Items]
Concentration risk percentage						10.00%

Business Segment Information - Summary of Sources of Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended									6 Months Ended		12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Segment Reporting Information [Line Items]
Revenues	$ 45,904	$ 15,531	$ 10,047	$ 9,744	$ 7,808	$ 5,113	$ 5,406	$ 4,992	$ 5,027	$ 68,942	$ 17,552	$ 43,130	$ 20,538	$ 12,644
Dried Cannabis [Member]
Segment Reporting Information [Line Items]
Revenues	21,866			5,246						32,802	9,869	21,674	16,260	11,324
Cannabis Extracts [Member]
Segment Reporting Information [Line Items]
Revenues	3,899			4,439						10,353	7,545	21,179	3,965	1,107
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	$ 277	$ 313	$ 213

Business Segment Information - Summary of Revenues Attributed to a Geographic Region Based on the Location of the Customer (Detail) - USD ($) $ in Thousands	3 Months Ended									6 Months Ended		12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Segment Reporting Information [Line Items]
Revenues	$ 45,904	$ 15,531	$ 10,047	$ 9,744	$ 7,808	$ 5,113	$ 5,406	$ 4,992	$ 5,027	$ 68,942	$ 17,552	$ 43,130	$ 20,538	$ 12,644
CANADA [Member]
Segment Reporting Information [Line Items]
Revenues	30,329			9,399						47,331	17,012	40,209	19,775	$ 12,644
Other Countries [Member]
Segment Reporting Information [Line Items]
Revenues	4,845			$ 345						6,656	$ 540	$ 2,921	$ 763
U.S. [Member]
Segment Reporting Information [Line Items]
Revenues	$ 10,730									$ 14,955

Business Segment Information - Summary of Long-lived Assets Consisting of Property, Plant 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	Dec. 31, 2017
Segment Reporting Information [Line Items]
Property and equipment, net of accumulated depreciation	$ 147,558	$ 80,214	$ 39,985
CANADA [Member]
Segment Reporting Information [Line Items]
Property and equipment, net of accumulated depreciation	121,494	64,687	39,086
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	$ 899
U.S. [Member]
Segment Reporting Information [Line Items]
Property and equipment, net of accumulated depreciation	$ 2,497

Schedule of Quarterly Financial Data (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended										6 Months Ended		12 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Revenue	$ 45,904		$ 15,531	$ 10,047	$ 9,744	$ 7,808	$ 5,113	$ 5,406	$ 4,992	$ 5,027	$ 68,942	$ 17,552	$ 43,130	$ 20,538	$ 12,644
Gross Margin	12,273		3,134	3,068	4,177	3,896	2,934	2,967	2,708	2,768	17,658	8,073	14,275	11,377	2,670
Operating Loss	(32,520)		(22,908)	(20,012)	(10,991)	(3,740)	(2,612)	(2,182)	(2,316)	(388)	(60,394)	(14,731)	(57,650)	(7,498)	(7,049)
Net loss	$ (35,053)	$ (30,301)	$ (31,010)	$ (18,699)	$ (12,833)	$ (5,181)	$ (2,928)	$ (1,767)	$ (2,435)	$ (679)	$ (65,354)	$ (18,014)	$ (67,723)	$ (7,809)	$ (7,883)
Net loss per share - basic and diluted	$ (0.36)		$ (0.33)	$ (0.21)	$ (0.17)	$ (0.07)	$ (0.04)	$ (0.02)	$ (0.01)	$ (0.01)	$ (0.68)	$ (0.24)	$ (0.82)	$ (0.10)	$ (0.11)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Subsequent Events - Additional Information (Detail) £ in Thousands, shares in Thousands, $ in Thousands, $ in Thousands	Jul. 11, 2019 USD ($) shares	Jul. 11, 2019 GBP (£)	Feb. 28, 2019 USD ($) Store	Feb. 28, 2019 CAD ($) Store
FHF Holdings Ltd. [Member]
Subsequent Event [Line Items]
Contingent consideration			$ 319,000	$ 419,000
Number of stores \| Store			16,000	16,000
Natura Naturals Holdings Inc. [Member]
Subsequent Event [Line Items]
Contingent consideration			$ 53,400	$ 70,000
Subsequent Event [Member] \| Smith and Sinclair [Member]
Subsequent Event [Line Items]
Cash paid on closing \| $	$ 2,409
Subsequent Event [Member] \| Class 2 Common Stock [Member] \| Smith and Sinclair [Member]
Subsequent Event [Line Items]
Common stock issued \| shares	79,289
Subsequent Event [Member] \| Class 2 Common Stock [Member] \| Smith and Sinclair [Member] \| Maximum [Member]
Subsequent Event [Line Items]
Contingent consideration	$ 3,095	£ 2,472

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
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
Alef License [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives of intangible assets	2 years
Minimum [Member] \| Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives of intangible assets	14 years
Maximum [Member] \| Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives of intangible assets	16 years

Prepaid Expenses and Other Current Assets - Schedule of Prepaid Expenses and Other Current Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Dec. 31, 2017
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	$ 545

Goodwill - Schedule of Change in Carrying Amount of Goodwill (Detail) $ 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

Stockholders' Equity - Summary of Capital Stock (Parenthetical) (Detail) - Vote	Jun. 30, 2019	Dec. 31, 2018
Class 1 Common Stock [Member]
Class Of Stock [Line Items]
Common stock, votes for each share	10	10
Class 2 Common Stock [Member]
Class Of Stock [Line Items]
Common stock, votes for each share	1	1

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	Dec. 31, 2018	Dec. 31, 2017
Class Of Stock [Line Items]
Additional paid-in capital		$ 526,830				$ 526,830	$ 302,057	$ 31,736
Other receivables		1,195				1,195	$ 969	$ 1,131
ABG Intermediate Holdings Two LLC [Member]
Class Of Stock [Line Items]
Percentage of participation rights	49.00%
Term of receipt of guaranteed minimum revenue	10 years
Cash paid				$ 13,333	$ 20,000
Proceeds from participation rights distributions		$ 5,000
Discount rate		12.00%
Additional paid-in capital		$ 30,292				30,292
Other receivables		435				435
Deposits assets		6,910				6,910
Indefinite intangible asset, Cost		119,366				119,366
Reversal of deferred tax liabilities						$ 31,730
ABG Intermediate Holdings Two LLC [Member] \| Minimum [Member]
Class Of Stock [Line Items]
Guaranteed minimum receipt	$ 10,000
ABG Intermediate Holdings Two LLC [Member] \| Class 2 Common Stock [Member]
Class Of Stock [Line Items]
Common stock issued, Shares			840,107		840,107
Future payment of share triggers relating to regulatory status of products		$ 16,667			$ 83,333

Business Combinations - Revised Purchase Price (Detail) - 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

Class 2 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 Purchase Price (Parenthetical) (Detail)	1 Months Ended
	Feb. 28, 2019 shares
Manitoba Harvest \| Class 2 Common Stock
Business Acquisition [Line Items]
Common stock issued	1,209,946

Business Combinations - Revised Preliminary Allocation of The Purchase Price To Assets acquired and Liabilities Assumed (Detail) - USD ($) $ in Thousands		6 Months Ended
	Feb. 28, 2019	Jun. 30, 2019
Assets
Goodwill		$ 154,954
Developed Technology [Member]
Business Acquisition [Line Items]
Estimated useful lives of intangible assets		10 years
Customer Relationships [Member]
Business Acquisition [Line Items]
Estimated useful lives of intangible assets		16 years
Customer Relationships [Member] \| Minimum [Member]
Business Acquisition [Line Items]
Estimated useful lives of intangible assets		14 years
Customer Relationships [Member] \| Maximum [Member]
Business Acquisition [Line Items]
Estimated useful lives of intangible assets		16 years
Manitoba Harvest
Assets
Cash and cash equivalents	$ 5,534
Accounts receivable	6,207
Inventory	15,331
Prepaid expenses and other current as	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]
Assets
Intangible assets	6,988
Manitoba Harvest \| Customer Relationships [Member]
Assets
Intangible assets	$ 134,290
Manitoba Harvest \| Developed Technology [Member]
Business Acquisition [Line Items]
Estimated useful lives of intangible assets	10 years
Manitoba Harvest \| Customer Relationships [Member] \| Minimum [Member]
Business Acquisition [Line Items]
Estimated useful lives of intangible assets	14 years
Manitoba Harvest \| Customer Relationships [Member] \| Maximum [Member]
Business Acquisition [Line Items]
Estimated useful lives of intangible assets	16 years

Business Combinations - Preliminary Purchase Price (Detail) - Natura Naturals Holdings Inc [Member]
$ 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

Class 2 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 (Parenthetical) (Detail) - Natura Naturals Holdings Inc [Member] $ in Thousands	Feb. 15, 2019 CAD ($) shares
Business Acquisition [Line Items]
Convertible Debt \| $	$ 3,000
Class 2 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 (Detail) - USD ($)
$ in Thousands

6 Months Ended

Feb. 15, 2019

Jun. 30, 2019

Assets

Goodwill

$ 154,954

Supply contract [Member]

Business Acquisition [Line Items]

Estimated useful lives of intangible assets

3 years

Natura Naturals Holdings Inc [Member]

Assets

Cash and cash equivalents

$ 169

Accounts receivable

109

Inventory

3,482

Prepaid expenses and other current

166

Property and equipment

17,435

Goodwill

24,830

Total assets

59,025

Liabilities

Accounts payable

3,280

Accrued expenses and other current

876

Deferred tax liability

637

Total liabilities

4,793

Net assets acquired

54,232

Natura Naturals Holdings Inc [Member] | Cultivation License [Member]

Assets

Intangible assets

$ 10,494

Natura Naturals Holdings Inc [Member] | Supply contract [Member]

Business Acquisition [Line Items]

Estimated useful lives of intangible assets

^[1]

3 years

Assets

Intangible assets

$ 2,340

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

Business Combinations - Preliminary Allocation Of The Purchase Price To Assets acquired And Liabilities Assumed (Parenthetical) (Detail) - Supply contract [Member]

6 Months Ended

Feb. 15, 2019

Jun. 30, 2019

Business Acquisition [Line Items]

Weighted Average Amortization Period (in years)

3 years

Natura Naturals Holdings Inc [Member]

Business Acquisition [Line Items]

Weighted Average Amortization Period (in years)

^[1]

3 years

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

Business Combinations - Schedule of Pro Forma Information (Detail) - Manitoba Harvest And Natura [Member] - 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)