PEI Cannabis 2023 Annual Report

PRINCE EDWARD ISLAND CANNABIS MANAGEMENT CORPORATION Statement of Changes in Equity Year Ended March 31, 2023

2023

2022

Retained earnings - beginning of year

$

-

$

-

2,909,096

Net income (Statement 5)

2,609,580

2,909,096 (2,909,096)

2,609,580 (2,609,580)

Annual income distribution to Province of Prince Edward Island

Retained earnings - end of year

$

-

$

-

PLEASE DON’T DRIVE IMPAIRED

31

PEICMC 2022-2023 Annual Report

Notes 1 to 18 are an integral part of these financial statements 4