PEI Cannabis Annual Report 2025

PRINCE EDWARD ISLAND CANNABIS MANAGEMENT CORPORATION Statement of Cash Flow Year Ended March 31, 2025

2025

2024

Cash flows from operating activities Net income Items not affecting cash: Amortization of property and equipment Amortization of right-of-use assets

$ 2,454,995

$ 3,035,779

317,313 195,595

319,503 179,663

2,967,903

3,534,945

Changes in non-cash working capital: Accounts receivable

3,743 177,608 (3,847) 946,679

109,345 1,214,781

Inventory

Prepaid expenses

(500)

Accounts payable and accrued liabilities

(598,820)

4,730

Deferred revenue

3,893

PLEASE CONSUME RESPONSIBLY

1,128,913

728,699

4,096,816

4,263,644

Cash flows from investing activity

(125,888)

Purchase of property and equipment

(1,069,894)

Cash flows from financing activities

(553,443) (2,454,995) (180,508)

Advances to Province of Prince Edward Island Annual income distribution to Province of Prince Edward Island

(688,421) (3,035,779) (157,033)

Repayment of lease liabilities

(3,188,946)

(3,881,233)

Increase (decrease) in cash

781,982

(687,483)

Cash - beginning of year

2,017,293

2,704,776

Cash - end of year

$ 2,799,275

$ 2,017,293

Cash consists of: Cash on hand

$ 44,782 2,754,493

$ 44,782 1,972,511

Cash in financial institution

$ 2,799,275

$ 2,017,293

Cash flow supplementary information Interest received

$ 100,718

$ 218,505

$ 58,292

Interest paid

$ 64,519

Notes 1 to 18 are an integral part of these financial statements 6

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PEICMC 2024-2025 Annual Report