PEI Cannabis Annual Report 2025

PRINCE EDWARD ISLAND CANNABIS MANAGEMENT CORPORATION Notes to Financial Statements Year Ended March 31, 2025

6. INVENTORY

2025

2024

$ 1,359,629

Warehouse

$ 1,429,982

785,473

Stores

892,729

$ 2,145,102 $ 2,322,711 Inventories recognized in the statement of financial position consist of cannabis products and accessories held for sale. In 2025, a total of $19,314,191 (2024 - $18,117,146) of inventories was included in the statement of profit or loss as a cost of sales. The write-downs of inventories during fiscal 2025 is $Nil (2024 - $Nil). None of the inventories are pledged as security for liabilities.

7. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

PLEASE DON’T DRIVE IMPAIRED

2025

2024

$ 2,805,076

Accounts payable and accrued liabilities Prince Edward Island Liquor Control Commission

$ 1,807,180

348,458 44,373

308,176 135,872

HST payable

$ 3,197,907

$ 2,251,228

The payable from the Prince Edward Island Liquor Control Commission consist primarily of accruals to account for the shared use of resources of the Commission and is based on a best estimate of the cost of those resources used.

8. DUE TO PROVINCE OF PRINCE EDWARD ISLAND Prince Edward Island Cannabis Management Corporation is a wholly owned Crown Corporation of the Province of Prince Edward Island. The Corporation's employee salaries and benefits are paid by the Province and are subsequently reimbursed by the Corporation. Net loss incurred during the year is receivable from the Province and net income incurred during the year is payable to the Province. 2025 2024

$ 4,062,277

Due to Province of Prince Edward Island

$ 4,615,720

These transactions are in the normal course of operations and are measured at the exchange amount, which is the amount of consideration established and agreed to by the related parties.

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PEICMC 2024-2025 Annual Report

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