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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - CAD ($)
$ in Thousands
12 Months Ended 13 Months Ended
Aug. 31, 2022
Sep. 30, 2023
REVENUE    
Gross revenue (Note 21) $ 209,109 $ 233,647
Excise taxes (63,300) (72,008)
Net revenue 145,809 161,639
Cost of sales (Note 7 and Note 22) 119,037 136,437
Gross margin before fair value adjustments 26,772 25,202
Realized fair value on inventories sold and other inventory charges (35,204) (56,187)
Unrealized gain on changes in fair value of biological assets 40,001 68,981
Gross margin 31,569 37,996
OPERATING EXPENSES    
General and administrative (Note 24) 42,908 53,030
Sales and marketing 16,860 19,348
Research and development 5,962 13,201
Share-based compensation (Note 15 (iv)) 4,745 5,273
Impairment of property, plant and equipment (Note 8) 4,245 165,255
Impairment of intangible assets and goodwill (Note 9) 0 44,856
Total operating expenses 74,720 300,963
LOSS FROM OPERATIONS (43,151) (262,967)
Financing costs 429 301
Investment income (1,487) (3,993)
Insurance recoveries (181) (213)
Government subsidies (154) (194)
Share of loss from investments in associates (Note 17) 1,364 1,004
Impairment (recovery) of loan receivable 250 (66)
Loss on disposal of property, plant and equipment 6,580 418
Change in fair value of contingent share consideration (Note 16 (i)) (2,621) (3,364)
Change in fair value of derivative liabilities and other financial assets (Note 10 and Note 14) (32,650) (4,372)
Legal provision recovery (Note 12 and Note 23) (310) (75)
Loss before tax (14,371) (252,413)
Income tax expense (recovery) (Note 25)    
Current, net 400 (195)
Deferred, net (488) (3,617)
NET LOSS (14,283) (248,601)
OTHER COMPREHENSIVE INCOME (LOSS)    
Exchange differences and change in fair value of investments at FVTOCI (Note 10) 0 (159)
NET LOSS AND COMPREHENSIVE LOSS $ (14,283) $ (248,760)
Net loss per common share, basic (Note 15 (v)) (in CAD per share) $ (0.185) $ (3.058)
Net loss per common share, diluted (Note 15 (v)) (in CAD per share) $ (0.184) $ (3.058)