PEI Cannabis Annual Report 2025

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: Kate Shreenan - Recording Secretary, Ian Burge - Member, Ken Mill - Member

Seated: Daniel MacDonald - Chief Executive Officer, John Abbott - Chair, Nicole DesRoche - Vice Chair

Absent From Photo: Kelly Shea Rayner - Member, Murray Murphy - Commission Solicitor

EXECUTIVE MANAGEMENT TEAM Standing: Gerald O’Halloran - Director, Supply Chain & Property Management, Linda Somers - Director, Corporate Affairs & Regulatory Services, Shawn Alexander - Director, Human Resources & Employee Wellness Seated: Daniel MacDonald - Chief Executive Officer, Paul Crabbe - Director, Retail Operations & Strategic Development Absent From Photo: Matthew McMillan - Acting Chief Financial Officer

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PEICMC 2024-2025 Annual Report