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Consolidated Statements of Cash Flows - CAD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net loss from continuing operations for the period $ (230,182) $ (206,317) $ (142,698)
Items not involving cash:      
Income tax recovery (2,271) 0 (3,609)
Change in fair value of biological assets (4,708) (5,432) (30,340)
Share-based compensation 12,307 8,566 38,698
Depreciation and amortization 9,603 11,582 6,296
(Gain) loss on disposition of PP&E (235) (488) (8)
Inventory obsolescence 16,978 45,913 0
Transaction costs 0 0 1,279
Finance costs 3,716 (3,734) 11,070
Change in estimate of fair value of derivative warrants 77,834 12,995 0
Loss on cancellation of contracts 2,870 671 0
Loss on financial obligation 0 0 60,308
Unrealized foreign exchange (gain) loss (63) (757) 671
Restructuring costs 0 448 0
Warrants issued for services 0 306 0
Asset impairment 60,000 79,191 162
Share of profit of equity-accounted investees (32,913) 0 0
Other expenses 1,864 0 0
Gain on disposition of marketable securities (20,213) 0 0
Unrealized loss on marketable securities 64,714 0 0
Additions to marketable securities (158,101) 0 0
Proceeds from disposal of marketable securities 29,876 0 0
Income distributions from equity-accounted investees 15,021 0 0
Change in non-cash working capital (1,534) (5,259) (41,626)
Net cash used in operating activities from continuing operations (155,437) (62,315) (99,797)
Net cash provided by operating activities from discontinued operations 0 4,820 (12,939)
Net cash used in operating activities (155,437) (57,495) (112,736)
Investing activities      
Additions to property, plant and equipment (3,793) (3,024) (110,271)
Additions to intangible assets 0 (150) 0
Additions to investments (24,206) (51,876) 0
Additions to equity-accounted investees (395,569) 0 0
Capital distributions from equity-accounted investees 10,481 0 0
Proceeds from disposal of PP&E 194 2,109 51
Acquisition (82,775) 0 (77,023)
Change in non-cash working capital (612) (11,319) 1,659
Net cash used in investing activities from continuing operations (496,280) (64,260) (185,584)
Net cash used in investing activities from discontinued operations 0 (6,617) (27,560)
Net cash used in investing activities (496,280) (70,877) (213,144)
Financing activities      
Proceeds from convertible notes, net of costs 0 18,070 90,373
Change in restricted cash (21,680) 10,494 (15,477)
(Repayment) proceeds of long-term debt 0 (84,493) 99,182
Payments on lease obligations, net (1,008) (420) (292)
Proceeds from issuance of shares and registered offerings, net of costs 1,062,310 181,841 177,202
Proceeds from exercise of derivative warrants 119,318 20,391 0
Proceeds from exercise of equity classified warrants 0 0 17,950
Proceeds from exercise of employee warrants 201 0 1,371
Exercise of cash-settled DSUs (315) 0 0
Convertible debenture settlement (9,354) 0 0
Payment on exercise of contingent consideration warrants (219) 0 0
Settlement of convertible notes 0 0 (4,190)
Settlement of financial obligation 0 0 (9,500)
Change in non-cash working capital 348 (2,498) 2,147
Net cash provided by financing activities from continuing operations 1,149,601 143,385 358,766
Net cash used in financing activities from discontinued operations 0 (639) (499)
Net cash provided by financing activities 1,149,601 142,746 358,267
Effect of exchange rate changes on cash held in foreign currency (9) 665 (1,171)
Change in cash and cash equivalents 497,875 15,039 31,216
Cash and cash equivalents, beginning of period 60,376 45,337 14,121
Cash and cash equivalents, end of period $ 558,251 $ 60,376 $ 45,337