PEI Cannabis 2023 Annual Report

PRINCE EDWARD ISLAND CANNABIS MANAGEMENT CORPORATION Notes to Financial Statements Year Ended March 31, 2023 17. FINANCIAL RISK MANAGEMENT (continued) The Corporation's contractual financial liabilities as at March 31, 2023 matures as follows:

Current

Non-current

Within 6 months

6 to 12 months 1 to 5 years After 5 years

Accounts payable and accrued liabilities

$ 2,850,048 $

-

$

- -

$

- -

Due to the Province Lease liabilities

-

5,304,141 119,400

100,147 1,029,239 $ 2,950,195 $ 5,423,541 $ 955,200 $ 1,029,239 955,200

18. CAPITAL MANAGEMENT The capital structure of the Corporation currently consists of amounts due to related parties and lease liabilities. The Corporation manages the capital structure and makes adjustments to it in the light of changes in economic conditions and the risk characteristics of the underlying assets. In order to maintain or adjust the capital structure, the company may arrange more loans or advances from related parties. Management reviews its capital management approach on a regular basis. The Corporation is not subject to externally imposed capital requirements.

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PEICMC 2022-2023 Annual Report