PEI Cannabis 2023 Annual Report

CORPORATE GOVERNANCE Corporate governance is the cumulative set of mechanisms, processes and relationships by which the Corporation is controlled and operated. It defines the distribution of rights and responsibilities among different Corporation stakeholders (e.g. government shareholder, CMC Board Members, Senior Managers, auditors, regulators, etc.) and details the decision making framework related to the pursuit of corporate and policy objectives.

PEI CANNABIS MANAGEMENT CORPORATION BOARD Standing: Perry Gotell - Member, Kate Shreenan - Recording Secretary, Susan Milligan - Member, Murray Murphy - Corporation Solicitor Seated: Daniel MacDonald - Chief Executive Officer, John Abbott - Chair, Kim Griffin - Member, Vice-Chair, Nicole DesRoche - Member (absent from photo)

EXECUTIVE MANAGEMENT TEAM Standing: Shawn Alexander - Director, Human Resources and Employee Wellness, Gerald O’Halloran - Acting Director, Supply Chain and Property Management, Heather Rossiter - Director, Corporate Affairs and Regulatory Services Seated: Matt McMillan – Acting Chief Financial Officer, Daniel MacDonald – Chief Executive Officer, Paul Crabbe - Director, Retail Operations and Strategic Development

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PEICMC 2022-2023 Annual Report