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CONSOLIDATED STATEMENTS OF CASH FLOWS
12 Months Ended
Jan. 31, 2021
USD ($)
Jan. 31, 2020
USD ($)
OPERATING ACTIVITIES    
Net loss before income taxes $ (3,739,971) $ (28,840,967)
Depreciation and amortization 3,375,999 4,981,575
Impairment of capital assets 116,881 4,139,522
Impairment of inventory 1,384,922  
Net effect of fair value changes in biological assets (1,577,550) (1,243,340)
Share-based compensation 494,435 492,631
Impairment of goodwill and intangible assets   23,911,485
Acquisition reorganization costs 1,204,740  
Interest expense 4,132,171 3,742,194
Accretion expense 355,952 434,331
Foreign exchange gain 529,412 75,721
Loss (gain) on change in fair value of derivative liabilities 5,731,839 (4,779,693)
(Gain) loss on disposal of assets (56,194) 4,000,000
Changes in working capital items    
Biological assets 1,645,039  
Inventory (387,058) 1,401,762
Prepaid expenses and deposits (388,460) 62,708
Receivables 233,250 (36,022)
Accounts payable and accrued liabilities (429,269) (2,832,043)
Income tax payable (2,702,413)  
Cash provided by operating activities 9,923,725 5,509,864
INVESTING ACTIVITIES    
Purchases of property and equipment (227,777) (509,624)
Proceeds on sale of intangible assets 100,000  
Net cash outflow on acquisition of subsidiaries   (1,586,942)
Cash used in investing activities (1,104,033) (4,542,741)
FINANCING ACTIVITIES    
Issuance of common shares   5,695,345
Issuance of convertible debentures 5,467,852 653,632
Payments of long-term debt (119,914) (79,421)
Payments on promissory notes payable (7,013,333) (9,090,000)
Cash proceeds from exercise of warrants   729,589
Cash proceeds from exercise of options 98,950 39,028
Interest paid in cash (2,515,446) (3,291,295)
Lease payments made (1,613,173) (1,758,391)
Cash used in financing activities (5,695,064) (7,101,513)
Effect of foreign exchange on cash 36,061 143,788
Increase (decrease) in cash during the year 3,160,689 (5,990,602)
Cash, beginning of year 3,076,493 9,067,095
Cash, end of year 6,237,182 3,076,493
Megawood    
INVESTING ACTIVITIES    
Payment of consideration payable (130,000) (231,395)
Swell acquisition    
INVESTING ACTIVITIES    
Payment of liabilities assumed on acquisition   (1,070,907)
Payment of consideration payable $ (846,256)  
Silver State    
INVESTING ACTIVITIES    
Payment of consideration payable   $ (1,143,873)