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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jan. 31, 2022
Jan. 31, 2021
OPERATING ACTIVITIES    
Net income (loss) from continuing operations $ 13,158,795 $ (4,601,572)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 1,818,325 2,270,526
Share-based compensation 366,469 494,435
Interest expense 83,058 3,573,101
Accretion expense 230,462 1,220,896
Deferred income tax 589,914 602,087
Foreign exchange gain 500,462 284,401
(Gain) loss on change in fair value of derivative liabilities (8,576,290) 5,756,195
Gain on disposal of assets 0 (135,564)
Changes in operating assets and liabilities    
Inventory (1,361,826) 1,700,987
Prepaid expenses and deposits 4,587 (368,678)
Receivables (94,406) 154,900
Assets classified as held for sale 748,404 0
Accounts payable and accrued liabilities 1,568,932 (1,431,130)
Income tax payable 279,863 (336,367)
Lease liabilities (72,734) (701,115)
Liabilities classified as held for sale (805,406) 0
Cash provided by operating activities of continuing operations 8,438,609 8,483,102
Cash (used in) provided by operating activities of discontinued operations (1,602,478) 241,753
INVESTING ACTIVITIES    
Purchases of property and equipment (2,562,304) (227,777)
Payment of Megawood consideration payable 0 (130,000)
Payment of Swell consideration payable 0 (846,256)
Cash used in investing activities of continuing operations (2,562,304) (1,204,033)
Cash provided by investing activities of discontinued operations 1,168,349 100,000
FINANCING ACTIVITIES    
Principal repayments on promissory note payable (6,080,000) (7,013,333)
Repayment of convertible promissory notes (1,210,000) 0
Proceeds from warrants exercised 533,326 0
Cash proceeds from options 0 98,950
Issuance of convertible debentures on exercise of warrants 0 5,688,442
Interest paid in cash (1,082,500) (2,500,669)
Lease payments received 100,000 0
Cash used in financing activities of continuing operations (7,739,174) (3,726,610)
Cash used in financing activities of discontinued operations (105,360) (119,914)
Effect of foreign exchange on cash (766,841) (613,609)
(Decrease) increase in cash during the year (3,169,199) 3,160,689
Cash, beginning of year 6,237,182 3,076,493
Cash, end of year 3,067,983 6,237,182
Supplemental disclosure of cash flow information    
Interest paid in cash 2,322,855 2,515,446
Income taxes paid in cash 3,145,893 2,832,676
Non-cash investing activities    
Right-of-use asset additions resulting from lease renewals 0 7,236,663
Non-cash financing activities    
Common shares issued on exercise of convertible debentures 0 12,758,473
Common shares issued in settlement of Phantom Farms earn out shares 677,939 0
Common shares issued as partial settlement of commitment to issue shares 21,787 450,953
Common shares issued to complete purchase of land 0 2,582,903
Common shares issued as partial repayment of promissory note $ 0 $ 38,415