PEICMC Annual Report 2026

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: Ken Mill (Member), Kelly Shea Rayner (Member), Kate Shreenan (Recording Secretary), Brian MacPhee (Member) Seated: Daniel MacDonald (Chief Executive Officer), John Abbott (Chair), Ian Burge (Vice Chair) Absent from Photo: Murray Murphy (Commission Solicitor) EXECUTIVE MANAGEMENT TEAM

Standing: Paul Crabbe (Director, Operations & Strategic Development), Gerald O’Halloran (Director, Supply Chain & Property Management), Aaron Lawlor (Chief Financial Officer) Seated: Kate Shreenan (Corporate Operations Manager), Daniel MacDonald (Chief Executive Officer), Linda Somers (Director, Corporate Affairs & Regulatory Services)

Absent from photo: Kim Nickerson (Director, Human Resource & Employee Wellness)

6 | PEICMC 2025-2026 Annual Report