PEI Cannabis Annual Report 2025

PRINCE EDWARD ISLAND CANNABIS MANAGEMENT CORPORATION Statement of Financial Position March 31, 2025 PRINCE EDWARD ISLAND CANNABIS MANAGEMENT CORPORATION Statement of Financial Position March 31, 2025

2025

2024

2025

2024

ASSETS

ASSETS

Current Cash Current Cash

$ 2,799,275

$ 2,017,293

$ 2,799,275 265,698 2,145,102 265,698 2,145,102 4,347

Accounts receivable (Note 5) Accounts receivable (Note 5) Inventory (Note 6) Prepaid expenses Inventory (Note 6) Prepaid expenses

$ 2,017,293 269,441 2,322,711 269,441 2,322,711 500

4,347

500

5,214,422 3,593,385

4,609,945 3,980,406

Property and equipment (Schedules 1 and 2) Property and equipment (Schedules 1 and 2)

5,214,422 3,593,385

4,609,945 3,980,406

$ 8,807,807

$ 8,590,351

$ 8,807,807

$ 8,590,351

LIABILITIES

Current Accounts payable and accrued liabilities (Note 7) Current Accounts payable and accrued liabilities (Note 7) Deferred revenue Due to Province of Prince Edward Island (Note 8) Current portion of lease liabilities (Note 9) Deferred revenue Due to Province of Prince Edward Island (Note 8) Current portion of lease liabilities (Note 9)

LIABILITIES

$ 3,197,907

$ 2,251,228

20,965

16,238

$ 3,197,907 4,062,277

$ 2,251,228 4,615,720

20,965 4,062,277 238,800 7,519,949 1,287,858

16,238

238,800

238,800

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

7,519,949 1,287,858

7,121,986 1,468,365

Lease liabilities (Note 9)

$ 8,807,807

$ 8,590,351

Lease liabilities (Note 9)

$ 8,807,807

$ 8,590,351

Contractual obligations (Note 10)

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 2024-2025 Annual Report