PEI Cannabis 2023 Annual Report

MANAGEMENT’S REPORT

Mr. John Abbott, Chair PEI Cannabis Management Corporation 3 Garfield Street, Charlottetown, PE C1A 6A4

Dear Mr. Abbott:

The preparation of financial information is an integral part of management’s responsibilities, and the accompanying Financial Statements are the responsibility of PEI Cannabis Management Corporation. This responsibility includes the selection of appropriate accounting policies and making judgments and estimates consistent with International Financial Reporting Standards. • PEI Cannabis maintains an accounting system and related controls providing: • Reasonable assurance that transactions are executed and recorded as authorized; • That assets are properly safeguarded and accounted for; and • That financial records are reliable for the preparation of financial statements in accordance with International Financial Reporting Standards (IFRS). Financial information presented elsewhere in this Annual Report is consistent with that in the financial statements.

PLEASE DON’T DRIVE IMPAIRED

Respectfully submitted,

Daniel MacDonald Chief Executive Officer

Matt McMillan Acting Chief Financial Officer

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PEICMC 2022-2023 Annual Report