PEI Cannabis Annual Report 2025

WHAT R&D OR TECHNOLOGY IS CANADA’S ISLAND GARDEN INVESTING IN FOR THE FUTURE? Our R&D efforts are focused on continuous improvement in both cultivation and operations. Each year, we expand capacity by 20–30%—but equally important is the work we do to optimize performance within our existing footprint. We’re constantly fine tuning environmental conditions—like lighting, humidity, and airflow—and improving cultivation methods to maximize plant health and yield. These refinements have allowed us to increase production without compromising sustainability or product quality. It’s this mindset—always striving to do better—that has helped drive our growth. HOW DOES CANADA’S ISLAND GARDEN ENSURE CONSISTENCY AND QUALITY IN ITS PRODUCTS? We control every aspect of our growing and production process in-house, using strict quality management protocols at every step. Throughout the plant’s lifecycle, we ensure consistent growing conditions, maintain rigorous environmental monitoring, and conduct comprehensive batch testing for cannabinoid content, purity, and terpene profiles. We pair experience with data to ensure repeatable excellence across our product lines. Our team is passionate about the products that we make and the culture of kaizen that we have built. Our commitment to quality is foundational, and it shows in the trust we’ve built with consumers nationwide. WHAT DOES IT MEAN TO BE AN INDEPENDENTLY OWNED COMPANY IN PEI? Being independently owned and operated in PEI means everything to us. We’re deeply rooted in this community, and we believe in building something that reflects our values as proud Islanders. Our decisions are made locally, by people who care—not in corporate boardrooms thousands of miles away. We’re proud to provide meaningful employment to Islanders and to represent our province on the national and international stage. As Canada’s Island Garden continues to grow, we remain grounded in our identity as an Island business, and proud of what we’ve achieved together.

and unique sensory experiences.

• Piper’s Punch is our value brand, specializing in high-quality, pre-milled flower blends. These curated blends are made from our own in-house flower, offering great taste, convenience, and affordability—making it easy for consumers to enjoy great product at a great price point. Each brand plays a key role in our portfolio, allowing us to connect with a broad range of consumers across Canada—and now globally. HOW HAS CANADA’S ISLAND GARDEN CHANGED/GROWN IN THE LAST FIVE YEARS? Over the past five years, Canada’s Island Garden has experienced remarkable transformation. Originally founded by Edwin Jewell as a locally owned company in Prince Edward Island, we were later acquired by a U.S.-based publicly traded company that invested significantly in our facility. When that parent company encountered financial difficulties in late 2020, a group of island-based entrepreneurs worked collaboratively with senior leadership to bring the company back to local, independent ownership. With a deeply committed and passionate team behind us, we have since rebuilt and redefined ourselves—growing sustainably and scaling with intention. Today, Canada’s Island Garden products are available in every single province and territory across Canada, and we’re proud to be a Top 10 company in some of the country’s largest cannabis categories. We’ve also entered the international market with monthly product shipments to Germany, marking our evolution into a global cannabis company, based right here in PEI. HOW DO YOU SEE THE CANNABIS INDUSTRY EVOLVING IN THE NEXT 3–5 YEARS? We see continued consolidation across the industry as operators look to become more efficient and competitive. At the same time, the demand for high-quality products—both domestically and internationally—is only growing. Canada is well positioned to lead on the global stage, and we’re already participating in that opportunity. With our recent entry into the German market, we’re excited about continued expansion and see global markets as a major growth frontier for the Canadian cannabis industry. Companies that focus on quality, consistency, and strong brand differentiation will thrive.

PLEASE CONSUME RESPONSIBLY

23

PEICMC 2024-2025 Annual Report