PEICMC Annual Report 2026

PRINCE EDWARD ISLAND CANNABIS MANAGEMENT CORPORATION Statement of Profit or Loss Year Ended March 31, 2026

2026

2025

Revenues Sales

$28,802,832

$26,419,622

Cost of sales (Note 6)

21,055,806

19,314,191

Gross margin

7,747,026

7,105,431

Expenses Amortization of property and equipment (Schedules 1 and 2) Amortization of right-of-use assets (Schedules 1 and 2) Insurance and property taxes (Note 11)

304,798 195,595 104,579 51,690 207,605 5,987 276,087 4,611,582 381,402 7,827 94,152

317,313 195,595 105,906

Interest on lease liabilities (Note 9) Other operating expenses (Note 12) Rent Repairs and maintenance Salaries and benefits (Notes 11, 13) Store and office supplies Travel Utilities

58,292 261,091 3,952 288,289 4,049,632 303,840

27,244 91,449

6,241,304

5,702,603

Income from operations Other revenues (Note 14)

1,505,722 1,138,460

1,402,828 1,052,167

Net income

$2,644,182

$2,454,995

30 | PEICMC 2025-2026 Annual Report