PEI Cannabis 2023 Annual Report

PRINCE EDWARD ISLAND CANNABIS MANAGEMENT CORPORATION Statement of Financial Position March 31, 2023 PRINCE EDWARD ISLAND CANNABIS MANAGEMENT CORPORATION Statement of Financial Position March 31, 2023 2023 ASSETS

2022

Current Cash

$ 2,704,776

$ 2,505,809

378,786 3,537,491

Accounts receivable (Note 5)

532,768 2,085,062

2023

2022

Inventory (Note 6)

ASSETS

6,621,053

5,123,639

Current Cash

Property and equipment (Schedules 1 and 2)

$ 2,704,776 3,409,681

$ 2,505,809 3,130,925

378,786 3,537,491 6,621,053 3,409,681

Accounts receivable (Note 5)

532,768 2,085,062 5,123,639 3,130,925

$ 10,030,734

$ 8,254,564

Inventory (Note 6)

LIABILITIES

Property and equipment (Schedules 1 and 2) Current Accounts payable and accrued liabilities (Note 7) Due to Province of Prince Edward Island (Note 8) Current portion of lease liabilities (Note 9) Current Accounts payable and accrued liabilities (Note 7) Due to Province of Prince Edward Island (Note 8) Current portion of lease liabilities (Note 9) Deferred revenue Lease liabilities (Note 9) Deferred revenue

$ 2,850,048

$ 3,518,301

$ 10,030,734 12,347 5,304,141

$ 8,254,564 10,156 3,383,297

219,547

160,060

LIABILITIES

$ 2,850,048 8,386,083 1,644,651 12,347 5,304,141 219,547

$ 3,518,301 7,071,814 1,182,750 10,156

3,383,297 160,060 7,071,814 1,182,750

$ 10,030,734

$ 8,254,564

8,386,083 1,644,651

Lease liabilities (Note 9) Contractual obligations (Note 10)

$ 10,030,734

$ 8,254,564

Contractual obligations (Note 10)

PEICMC 2022-2023 Annual Report 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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