PEI Cannabis Annual Report 2024

PRINCE EDWARD ISLAND CANNABIS MANAGEMENT CORPORATION Statement of Financial Position March 31, 2024 PRINCE EDWARD ISLAND CANNABIS MANAGEMENT CORPORATION Statement of Financial Position March 31, 2024 2024

2023

ASSETS

Current Cash

2024

2023

$ 2,017,293

$ 2,704,776

269,441 2,322,711

Accounts receivable (Note 5)

378,786 3,537,491

ASSETS

Inventory (Note 6) Prepaid expenses

Current Cash

500

-

$ 2,017,293

$ 2,704,776

269,441 2,322,711 4,609,945 3,980,406 500

Accounts receivable (Note 5)

378,786 3,537,491 6,621,053 3,409,681

Inventory (Note 6) Prepaid expenses Property and equipment (Schedules 1 and 2)

-

4,609,945 3,980,406 $ 8,590,351 $ 8,590,351 $ 2,251,228

6,621,053 3,409,681 $ 10,030,734 $ 10,030,734 $ 2,850,048 $ 2,850,048 219,547 5,304,141 12,347

Property and equipment (Schedules 1 and 2) Current Accounts payable and accrued liabilities (Note 7) Current Accounts payable and accrued liabilities (Note 7) Due to Province of Prince Edward Island (Note 8) Current portion of lease liabilities (Note 9) Due to Province of Prince Edward Island (Note 8) Current portion of lease liabilities (Note 9) Lease liabilities (Note 9) Deferred revenue Deferred revenue

LIABILITIES

16,238 4,615,720

LIABILITIES

$ 2,251,228 238,800

16,238 4,615,720 238,800 7,121,986 1,468,365

12,347 8,386,083 1,644,651 5,304,141 219,547

7,121,986 1,468,365 $ 8,590,351

8,386,083 1,644,651 $ 10,030,734

Lease liabilities (Note 9)

Contractual obligations (Note 10)

$ 8,590,351

$ 10,030,734

Contractual obligations (Note 10)

On behalf of the Board _____________________________ Chair _____________________________ Director Notes 1 to 18 are an integral part of these financial statements 3 On behalf of the Board _____________________________ Chair _____________________________ Director Notes 1 to 18 are an integral part of these financial statements 3

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PEICMC 2023-2024 Annual Report