XML 82 R5.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF CASH FLOWS - CAD ($)
$ in Thousands
12 Months Ended
Aug. 31, 2019
Aug. 31, 2018
CASH PROVIDED (USED) OPERATING ACTIVITIES    
Net (loss) income from continuing operations $ (9,504) $ 22,124
Items not affecting cash:    
Share-based compensation 14,894 5,033
Depreciation and amortization 8,902 3,528
Loss on disposal of property, plant and equipment 133 39
Impairment losses 1,563  
Fair value adjustment to biological assets (8,060) (10,736)
Financing costs 9,668 10,093
Investment income (662) (1,455)
Share of loss from investments in associates 1,261 0
Unrealized loss on changes in fair value of contingent consideration 145  
Deferred tax expense 3,635 5,653
Changes in non-cash working capital:    
Net change in accounts receivable (13,134) 337
Net change in biological assets 7,266 (6,342)
Net change in inventories (48,175) (42,342)
Net change in accounts payable and accrued liabilities 10,562 3,982
Net change in prepaid expenses and deferred charges (13,540) (2,169)
Net cash used in continuing operations (35,046) (12,255)
Net cash used in operating activities related to discontinued operations (35) (449)
Net cash used in operating activities (35,081) (12,704)
FINANCING ACTIVITIES    
Proceeds from equity financing   57,500
Proceeds from convertible debenture issuance   115,000
Payment of share issue costs   (3,678)
Payment of convertible debenture issue costs   (7,155)
Payment of long-term debt (12,674) (388)
Proceeds from long-term debt, net of issue costs of $1,250 (2018 - nil) 58,851 159
Stock options, warrants and units exercised 35,146 6,673
Interest paid (6,995) (4,201)
Net cash provided by financing activities 74,328 163,910
INVESTING ACTIVITIES    
Purchase of short-term investments   (174,200)
Proceeds from short-term investments 75,000 131,200
Investment income 1,637 1,455
Investments in associates (12,758)  
Distributions received from investments in associates 374  
Loan advance (909)  
Proceeds on sale of property, plant and equipment 168 15
Purchase of property, plant and equipment (108,764) (56,435)
Purchase of intangible assets (1,530)  
Net cash used in investing activities related to continuing operations (46,782) (97,965)
Net cash used in investing activities related to discontinued operations   (32)
Net cash used in investing activities (46,782) (97,997)
Effects of foreign exchange on cash 26  
INCREASE (DECREASE) IN CASH (7,509) 53,209
CASH POSITION    
Beginning of period 55,064 1,957
Cash included in disposal group   (102)
End of period $ 47,555 $ 55,064