NWT vintage Almar hat

NWT vintage Almar hat. This is a Montreal hat company & most hats sell for $100-200 range up to $400+…says Beaver on the inside but I’m not sure if it’s possibly made of beaver hair (it’s very soft). It has been tried on & slight make-up on grosgrain trim inside as shown in 5th photo. I believe it would best fit approx. 22” head circumference (mine is 23” & can fit but is truly too tight to be a proper fit). It’s not quite a cloche…would say it has equestrian vibe.