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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net loss $ (8,131,197) $ (2,300,571) $ (1,394,641)
Adjustments for non-cash items:      
Depreciation and amortization 309,022 248,743 198,824
Change in fair value of biological assets 713,135    
Interest expenses 1,139,475 645,162 493,807
Write-off of property, plant and equipment   23,748  
Working capital adjustments:      
Trade and other receivables (242,357)    
Prepayments (129,044) (113,175) (310)
Inventory (712,524) (611)  
Trade and other payables   140,897 42,285
Other current liabilities 496,428    
Increase in due to related parties   3,339 17,707
Cash flows used in operating activities (6,557,062) (1,352,468) (642,328)
Cash flows from investing activities:      
Additions to property, plant and equipment (576,472) (439,137) (670,297)
Proceeds from advances issued   6,934 (6,848)
Payments for acquisition of cannabis licenses     (15,625)
Cash flows used in investing activities (576,472) (432,203) (692,770)
Cash flows from financing activities:      
Proceeds from share issue 5,054,058 1,477  
Loans received 6,679,135 1,169,796 2,116,312
Loans repaid   (137,788)  
Lease payments (497,502)    
Cash flows provided by financing activities 11,235,691 1,033,485 2,116,312
Net increase (decrease) in cash and cash equivalents 4,102,157 (751,186) 781,214
Effects of exchange rate changes on cash and cash equivalents (620,271) (54,873) 14,205
Cash and cash equivalents at the beginning of the period 13,504 819,563 24,144
Cash and cash equivalents at the end of the period $ 3,495,390 $ 13,504 $ 819,563