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CONSOLIDATED STATEMENTS OF CASH FLOWS - CAD ($)
$ in Thousands
12 Months Ended
Aug. 31, 2020
Aug. 31, 2019
CASH PROVIDED (USED) OPERATING ACTIVITIES    
Net loss from continuing operations $ (136,157) $ (9,504)
Items not affecting cash:    
Share-based compensation 7,796 14,894
Depreciation and amortization 17,958 8,902
Loss on disposal of property, plant and equipment 778 133
Impairment losses 42,771 1,563
Fair value adjustment to biological assets (2,853) (8,060)
Financing costs 6,008 9,668
Investment income (308) (662)
Share of loss from investments in associates 1,201 1,261
Unrealized gain on changes in fair value of contingent consideration (886) 145
Deferred tax expense (10,471) 3,635
Changes in non-cash working capital:    
Net change in accounts receivable 1,794 (13,134)
Net change in biological assets 18,111 7,266
Net change in inventories 27,530 (48,175)
Net change in accounts payable and accrued liabilities (27,995) 10,562
Net change in prepaid expenses and deferred charges 9,598 (13,540)
Net cash used in continuing operations (45,125) (35,046)
Net cash used in discontinued operations   (35)
Net cash used in operating activities (45,125) (35,081)
FINANCING ACTIVITIES    
Proceeds from equity financing, net of issue costs of $3,754 99,997  
Payment of lease liabilities (897)  
Payment of long-term debt (55) (12,674)
Proceeds from long-term debt, net of fees of $705 (2019 - $1,250) 64,295 58,851
Stock options, warrants and units exercised 1,069 35,146
Interest paid (4,043) (6,995)
Net cash provided by financing activities 160,366 74,328
INVESTING ACTIVITIES    
Purchase of short-term investments (50,000)  
Proceeds from short-term investments 135 75,000
Investment income 393 1,637
Investments in associates   (12,758)
Investment in GIC - restricted investment (8,000)  
Distributions received from investments in associates   374
Loan advance (2,071) (909)
Proceeds on sale of property, plant and equipment   168
Purchase of property, plant and equipment (77,223) (108,764)
Purchase of intangible assets (1,430) (1,530)
Net cash used in investing activities (138,196) (46,782)
Effects of foreign exchange on cash   26
DECREASE IN CASH (22,955) (7,509)
CASH POSITION    
Beginning of period 47,555 55,064
End of period $ 24,600 $ 47,555