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CONSOLIDATED STATEMENT OF CASH FLOWS - CAD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING ACTIVITIES    
Net loss for the period $ (67,631) $ (32,220)
Adjustments for items not affecting cash:    
Interest income (21) 0
Non-cash portion of listing fees 0 1,467
Depreciation 168 49
Share-based compensation 18,030 11,554
Option issuance 0 23
Accretion of convertible debt 0 10
Change in fair value of investments measured at fair value through profit or loss 29 0
Contingent consideration accretion 316 482
Change in fair value of contingent consideration 3,380 0
Impairment of promissory note 0 230
Impairment of inventory 0 511
Impairment of investment 0 63
Unrealized foreign currency translation loss 309 71
Cash flows used in operating activities before net changes in non-cash working capital items (45,420) (17,760)
Net changes in non-cash working capital items:    
Accounts receivable (773) (1,485)
Prepaid expenses (142) (1,066)
Inventory 0 (511)
Other current assets (1,341) 0
Accounts payable and accrued liabilities 2,469 1,795
Net cash flows used in operating activities (45,207) (19,027)
INVESTING ACTIVITIES    
Pre-acquisition cash advances to Adelia 0 (958)
Purchase of investment (250) 0
Purchase of intangible assets (415) (96)
Purchase of equipment (105) (135)
Net cash flows used in investing activities (770) (1,189)
FINANCING ACTIVITIES    
Proceeds from issuance of common shares, net 31,507 76,236
Proceeds from issuance of warrants, net 0 5,900
Shares issued for cash - warrant exercise 2,928 407
Shares issued for cash - options exercise 1,342 182
Net cash flows from financing activities 35,777 82,725
Effects of exchange rate changes on cash (185) (28)
Change in cash (10,385) 62,481
Cash, beginning of period 64,026 1,545
Cash, end of period $ 53,641 $ 64,026