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P3Y 0000831609 true FY P5Y 20-F/A false true 2022-01-31 --01-31 2022 false false 000-55982 C21 Investments Inc. Z4 Floor 885 West Georgia Street Vancouver BC V6E 3H4 CA Michael Kidd Floor 885 West Georgia Street Vancouver BC V6E 3H4 CA 833 289-2994 Common shares, no par value 120047814 No No Yes Yes Non-accelerated Filer true false false U.S. GAAP false This Amendment No. 1 on Form 20-F/A (the "Amendment") amends C21 Investment Inc.'s (the "Company") Annual Report on Form 20-F for the fiscal year ended January 31, 2022 (the "Form 20-F"), as filed with the Securities and Exchange Commission on August 15, 2022, and is being filed solely to furnish the Company's financial statements for the fiscal year ended January 31, 2021 formatted in inline eXtensible Business Reporting Language ("iXBRL"). Pursuant to Rule 12b-15 promulgated under the United States Securities Exchange Act of 1934, as amended, we have repeated the entire text of Item 18 and Item 19 from the Form 20-F in this Amendment. However, there have been no changes to the text of either item other than the change stated in the immediately preceding paragraph. This Amendment includes new certifications by our Principal Executive Officer and Principal Financial Officer pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act of 2002 as Exhibits 12.1, 12.2, 13.1 and 13.2 hereto. Except as expressly set forth above, this Amendment does not, and does not purport to, amend, update or restate the information in any other item of the Form 20-F or reflect any events that have occurred after the filing of the original Form 20-F. Baker Tilly US, LLP Irvine, CA 23

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3076493

<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; width: 100%;"> <tr> <td style="width: 36px; vertical-align: top;">1.</td> <td> <div style="font-size: 10pt; font-family: Times New Roman, Times, serif;">NATURE OF OPERATIONS</div> </td> </tr> <tr> <td style="width: 36px;"> </td> <td> </td> </tr> <tr> <td style="width: 36pt;"> </td> <td><span style="font-family: Times New Roman; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-weight: 400; text-align: justify; white-space: normal; text-decoration-style: initial; text-decoration-color: initial; color: #191919;">C21 Investments Inc. (the "Company" or "C21") was incorporated January 15, 1987, under the Company Act of British Columbia. <span style="font-family: Times New Roman; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-weight: 400; text-align: justify; white-space: normal; text-decoration-style: initial; text-decoration-color: initial; color: #191919;">The Company is a publicly traded company with its registered office is <span style="font-family: Times New Roman; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-weight: 400; text-align: justify; white-space: normal; text-decoration-style: initial; text-decoration-color: initial; color: #191919;">1900-885 West Georgia Street, Vancouver, <span style="font-family: Times New Roman; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-weight: 400; text-align: justify; white-space: normal; text-decoration-style: initial; text-decoration-color: initial; color: #191919;">BC, V6C 3H4.</td> </tr> <tr> <td style="width: 36px;"> </td> <td> </td> </tr> <tr> <td style="width: 36px;"> </td> <td> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: Times New Roman, Times, serif; text-align: justify;">Pursuant to a change of business announced on January 29, 2018 to the Cannabis industry, the Company commenced acquiring and operating revenue-producing cannabis operations in the USA.</div> </td> </tr> <tr> <td style="width: 36px;"> </td> <td> </td> </tr> <tr> <td style="width: 36px;"> </td> <td> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: Times New Roman, Times, serif; text-align: justify;">On June 15, 2018, the Company's common shares were delisted from the TSX Venture Exchange ("TSX-V") at the Company's request and on June 18, 2018 the Company commenced trading on the Canadian Securities Exchange ("CSE"), completed its change of business to the cannabis industry and commenced trading under the symbol CXXI. The Company registered its common shares in the United States and on May 6, 2019, its shares were cleared by the Financial Industry Regulatory Authority for trading on the OTC Markets platform under the U.S. trading symbol CXXIF. On September 28, 2020, the Company was upgraded and began trading on the OTCQB® Venture Market.</div> </td> </tr> <tr> <td style="width: 36px;"> </td> <td> </td> </tr> <tr> <td style="width: 36px;"> </td> <td> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: Times New Roman, Times, serif; text-align: justify;">As at January 31, 2021, the Company operates in two segments, recreational cannabis in Oregon, USA and recreational and medical cannabis in Nevada, USA (Note 20). Both segments are engaged in the cultivation of and manufacturing of cannabis flower products, vape products and extract products for wholesale distribution, while the Nevada segment also has retail sales.</div> </td> </tr> <tr> <td style="width: 36px;"> </td> <td> </td> </tr> <tr> <td style="width: 36px;"> </td> <td> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: Times New Roman, Times, serif; text-align: justify;">In the United States, 36 states, the District of Columbia, and four out of five U.S. territories allow the use of medical cannabis. The recreational adult-use of cannabis is legalized in 17 states, including Alaska, Arizona, California, Colorado, Illinois, Maine, Massachusetts, Michigan, Montana, Nevada, New Jersey, New Mexico, New York, Oregon, Vermont, Virginia, Washington, and the District of Columbia. At the federal level, however, cannabis currently remains a Schedule I controlled substance under the Federal Controlled Substances Act of 1970. Under U.S. federal law, a Schedule I drug or substance has a high potential for abuse, no accepted medical use in the United States, and a lack of accepted safety for the use of the drug under medical supervision. As such, even in those states in which marijuana is legalized under state law, the manufacture, importation, possession, use or distribution of cannabis remains illegal under U.S. federal law.</div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; width: 100%;"> <tr> <td style="width: 36pt;"> </td> <td> </td> </tr> <tr> <td style="width: 36pt;"> </td> <td> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: Times New Roman, Times, serif; text-align: justify;">This has created a dichotomy between state and federal law, whereby many states have elected to regulate and remove state-level penalties regarding a substance which is still illegal at the federal level.</div> </td> </tr> <tr> <td style="width: 36pt;"> </td> <td> </td> </tr> <tr> <td style="width: 36pt;"> </td> <td> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: Times New Roman, Times, serif;">There remains uncertainty about the US federal government's position on cannabis with respect to cannabis-legal status. A change in its enforcement policies could impact the ability of the Company to continue as a going concern.</div> </td> </tr> <tr> <td style="width: 36pt;"> </td> <td> </td> </tr> <tr> <td style="width: 36pt;"> </td> <td style="text-align: justify;">In March 2020, the World Health Organization declared coronavirus COVID-19 a global pandemic. This contagious disease outbreak and any related adverse public health developments may adversely affect workforces, economies, and financial markets globally, potentially leading to an economic downturn. It is not possible for the Company to predict the duration or magnitude of the adverse results of the outbreak and its effects on the Company's business or results of operations at this time.</td> </tr> <tr> <td style="width: 36pt;"> </td> <td style="text-align: justify;"> </td> </tr> <tr> <td style="width: 36pt;"> </td> <td style="text-align: justify;">The consolidated financial statements were authorized for issuance on May 31, 2021 by the directors of the Company.</td> </tr> </table>

2. SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PREPARATION <div> <div> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td> Basis of consolidation </td> </tr> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td style="text-align: justify;"> These consolidated financial statements as at and for the years ended January 31, 2021 and 2020 ("consolidated financial statements"), incorporate the accounts of the Company and its wholly-owned subsidiaries as defined in IFRS 10 - Consolidated Financial Statements ("IFRS 10"). All consolidated entities were under common control during the entirety of the periods for which their respective results of operations were included in the consolidated statements (i.e., from the date of their acquisition). All intercompany balances and transactions are eliminated upon consolidation. </td> </tr> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td style="text-align: justify;"> </td> </tr> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td style="text-align: justify;"> The following are the Company's wholly owned subsidiaries that are included in these consolidated financial statements as at and for the year ended January 31, 2021: </td> </tr> </table> <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-color: black; font-size: 8pt; width: 100%;"> <tr style="background-color: #ffffff; vertical-align: top;"> <td style="border-top: 1px solid #000000; text-align: justify; background-color: #ffffff; padding-left: 5pt;"> </td> <td style="border-top: 1px solid #000000; width: 20%; background-color: #ffffff; text-align: center;">Country of </td> <td style="border-top: 1px solid #000000; width: 20%; background-color: #ffffff; text-align: center;">Percentage </td> <td style="border-top: 1px solid #000000; width: 20%; background-color: #ffffff; text-align: center;"> </td> <td style="border-top: 1px solid #000000; width: 20%; background-color: #ffffff; text-align: center;"> </td> </tr> <tr style="background-color: #ffffff; vertical-align: top;"> <td style="border-bottom: 1px solid #000000; text-align: justify; background-color: #ffffff; padding-left: 5pt;">Name of Subsidiary </td> <td style="border-bottom: 1px solid #000000; width: 20%; background-color: #ffffff; text-align: center;">Incorporation </td> <td style="border-bottom: 1px solid #000000; width: 20%; background-color: #ffffff; text-align: center;">Ownership </td> <td style="border-bottom: 1px solid #000000; width: 20%; background-color: #ffffff; text-align: center;"> Functional Currency </td> <td style="border-bottom: 1px solid #000000; width: 20%; background-color: #ffffff; text-align: center;">Principal Activity </td> </tr> <tr style="background-color: #f2f2f2; vertical-align: top;"> <td style="text-align: justify; padding-left: 5pt; background-color: #f2f2f2;">320204 US Holdings Corp.</td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;"> USA </td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;">100%</td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;"> USD </td> <td style="width: 20%; background-color: #f2f2f2;"> Holding Company </td> </tr> <tr style="background-color: #ffffff; vertical-align: top;"> <td style="text-align: justify; padding-left: 5pt; background-color: #ffffff;">320204 Oregon Holdings Corp.</td> <td style="width: 20%; text-align: center; background-color: #ffffff;"> USA </td> <td style="width: 20%; text-align: center; background-color: #ffffff;">100%</td> <td style="width: 20%; text-align: center; background-color: #ffffff;"> USD </td> <td style="width: 20%; background-color: #ffffff;"> Holding Company </td> </tr> <tr style="background-color: #f2f2f2; vertical-align: top;"> <td style="text-align: justify; padding-left: 5pt; background-color: #f2f2f2;">320204 Nevada Holdings Corp.</td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;"> USA </td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;">100%</td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;"> USD </td> <td style="width: 20%; background-color: #f2f2f2;"> Holding Company </td> </tr> <tr style="background-color: #ffffff;"> <td style="text-align: justify; padding-left: 5pt; background-color: #ffffff;">320204 Re Holdings, LLC</td> <td style="width: 20%; text-align: center; background-color: #ffffff;"> USA </td> <td style="width: 20%; text-align: center; background-color: #ffffff;">100%</td> <td style="width: 20%; text-align: center; background-color: #ffffff;"> USD </td> <td style="width: 20%; background-color: #ffffff;"> Holding Company </td> </tr> <tr style="background-color: #f2f2f2; vertical-align: top;"> <td style="text-align: justify; padding-left: 5pt; background-color: #f2f2f2;">Eco Firma Farms LLC</td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;"> USA </td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;">100%</td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;"> USD </td> <td style="width: 20%; background-color: #f2f2f2;"> Cannabis producer </td> </tr> <tr style="background-color: #ffffff; vertical-align: top;"> <td style="text-align: justify; padding-left: 5pt; background-color: #ffffff;">Silver State Cultivation LLC</td> <td style="width: 20%; text-align: center; background-color: #ffffff;"> USA </td> <td style="width: 20%; text-align: center; background-color: #ffffff;">100%</td> <td style="width: 20%; text-align: center; background-color: #ffffff;"> USD </td> <td style="width: 20%; background-color: #ffffff;"> Cannabis producer </td> </tr> <tr style="background-color: #f2f2f2; vertical-align: top;"> <td style="text-align: justify; padding-left: 5pt; background-color: #f2f2f2;">Silver State Relief LLC</td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;"> USA </td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;">100%</td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;"> USD </td> <td style="width: 20%; background-color: #f2f2f2;"> Cannabis retailer </td> </tr> <tr style="background-color: #ffffff;"> <td style="text-align: justify; padding-left: 5pt; background-color: #ffffff;">Swell Companies LTD</td> <td style="width: 20%; text-align: center; background-color: #ffffff;"> USA </td> <td style="width: 20%; text-align: center; background-color: #ffffff;">100%</td> <td style="width: 20%; text-align: center; background-color: #ffffff;"> USD </td> <td style="width: 20%; background-color: #ffffff;"> Cannabis processor, distributor </td> </tr> <tr style="background-color: #f2f2f2; vertical-align: top;"> <td style="text-align: justify; padding-left: 5pt; background-color: #f2f2f2;">Megawood Enterprises Inc.</td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;"> USA </td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;">100%</td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;"> USD </td> <td style="width: 20%; background-color: #f2f2f2;"> Cannabis retailer </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding: 0in 0in 0in 5pt; background-color: #ffffff;">Phantom Venture Group, LLC</td> <td style="padding: 0in; text-align: center; background-color: #ffffff;"> USA </td> <td style="padding: 0in; text-align: center; background-color: #ffffff;">100%</td> <td style="padding: 0in; text-align: center; background-color: #ffffff;"> USD </td> <td style="padding: 0in; background-color: #ffffff;"> Holding Company </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding: 0in 0in 0in 5pt; background-color: #f2f2f2;">Phantom Brands, LLC</td> <td style="padding: 0in; text-align: center; background-color: #f2f2f2;"> USA </td> <td style="padding: 0in; text-align: center; background-color: #f2f2f2;">100%</td> <td style="padding: 0in; text-align: center; background-color: #f2f2f2;"> USD </td> <td style="padding: 0in; background-color: #f2f2f2;"> Holding Company </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding: 0in 0in 0in 5pt; background-color: #ffffff;">Phantom Distribution, LLC</td> <td style="padding: 0in; text-align: center; background-color: #ffffff;"> USA </td> <td style="padding: 0in; text-align: center; background-color: #ffffff;">100%</td> <td style="padding: 0in; text-align: center; background-color: #ffffff;"> USD </td> <td style="padding: 0in; background-color: #ffffff;"> Cannabis distributor </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding: 0in 0in 0in 5pt; background-color: #f2f2f2;">63353 Bend, LLC</td> <td style="padding: 0in; text-align: center; background-color: #f2f2f2;"> USA </td> <td style="padding: 0in; text-align: center; background-color: #f2f2f2;">100%</td> <td style="padding: 0in; text-align: center; background-color: #f2f2f2;"> USD </td> <td style="padding: 0in; background-color: #f2f2f2;"> Cannabis producer </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding: 0in 0in 0in 5pt; background-color: #ffffff;">20727-4 Bend, LLC</td> <td style="padding: 0in; text-align: center; background-color: #ffffff;"> USA </td> <td style="padding: 0in; text-align: center; background-color: #ffffff;">100%</td> <td style="padding: 0in; text-align: center; background-color: #ffffff;"> USD </td> <td style="padding: 0in; background-color: #ffffff;"> Cannabis processor </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding: 0in 0in 0in 5pt; background-color: #f2f2f2;">4964 BFH, LLC</td> <td style="padding: 0in; text-align: center; background-color: #f2f2f2;"> USA </td> <td style="padding: 0in; text-align: center; background-color: #f2f2f2;">100%</td> <td style="padding: 0in; text-align: center; background-color: #f2f2f2;"> USD </td> <td style="padding: 0in; background-color: #f2f2f2;"> Cannabis producer </td> </tr> <tr style="background-color: #ffffff; vertical-align: top;"> <td style="border-bottom: 1px solid #000000; text-align: justify; padding-left: 5pt; background-color: #ffffff;">Workforce Concepts 21, Inc.</td> <td style="border-bottom: 1px solid #000000; width: 20%; text-align: center; background-color: #ffffff;"> USA </td> <td style="border-bottom: 1px solid #000000; width: 20%; text-align: center; background-color: #ffffff;">100%</td> <td style="border-bottom: 1px solid #000000; width: 20%; text-align: center; background-color: #ffffff;"> USD </td> <td style="border-bottom: 1px solid #000000; width: 20%; background-color: #ffffff;"> Payroll and benefits services </td> </tr> </table> </div> </div> </div> <div> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="text-align: justify; height: 15px; width: 36pt;"> </td> <td style="height: 15px; width: auto;"> Basis of preparation </td> </tr> <tr> <td style="text-align: justify; height: 15px; width: 36pt;"> </td> <td style="text-align: justify; height: 15px; width: auto;"> These consolidated financial statements have been prepared on an accrual basis and are based on historical costs, except for certain financial instruments and biological assets classified as fair value through profit or loss. The consolidated financial statements are presented in U.S. dollars unless otherwise noted. </td> </tr> </table> </div> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="text-align: justify; height: 15px; width: 36pt;"> </td> <td style="height: 15px; width: auto;"> Statement of compliance </td> </tr> <tr> <td style="text-align: justify; height: 15px; width: 36pt;"> </td> <td style="text-align: justify; height: 15px; width: auto;"> These consolidated financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS") issued by the International Accounting Standards Board ("IASB") and Interpretations of the IFRS Interpretations Committee. </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="text-align: justify; width: 36pt; vertical-align: top;"> </td> <td> Functional and presentation currency </td> </tr> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td style="text-align: justify;"> These consolidated financial statements are presented in U.S. dollars, the Company's presentation currency. The functional currency of the Company's subsidiaries is U.S. dollars. The parent company's functional currency is the Canadian dollar. All amounts presented are in U.S. dollars unless otherwise noted. </td> </tr> </table> <div> </div> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> Foreign currency translation </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> Foreign currency transactions are translated into U.S. dollars at exchange rates in effect on the date of the transactions. Monetary assets and liabilities denominated in foreign currencies are translated at the functional currency spot rate at the reporting date. All differences are recorded in the consolidated statement of loss and comprehensive loss. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rate at the date of the initial transaction. Non-monetary items measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value is determined. </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="text-align: justify;"> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> Assets and liabilities of foreign operations are translated into U.S. dollars at year-end exchange rates and any revenue and expenses are translated at the average exchange rate for the year. The resulting exchange differences are recognized in other comprehensive income (loss). </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> Biological assets </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> While the Company’s biological assets are within the scope of IAS 41 – Agriculture, the direct and indirect costs of biological assets are determined using an approach similar to the capitalization criteria outlined in IAS 2 Inventories. Direct costs include the cost of growing materials and cultivation labour while indirect costs include items such as utilities and supplies used in the growing process. Indirect labour for individuals involved in the quality control process is also included, as well as depreciation on production equipment and overhead costs such as rent to the extent it is associated with the growing space. All direct and indirect costs of biological assets are capitalized as they are incurred, and they are all subsequently recorded within the line item ‘cost of sales’ on the consolidated statement of loss and comprehensive loss in the period that the related product is sold. Unrealized fair value gains/losses on growth of biological assets are recorded in a separate line on the face of the consolidated statement of loss and comprehensive loss. Biological assets are measured at their fair value less costs to sell on the balance sheet. </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> Inventories </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> Raw materials, work in process, and finished goods inventories are valued at the lower of cost and net realizable value. Harvested raw material cannabis inventories are transferred from biological assets at their fair value less cost to sell at harvests, which becomes the initial deemed cost. Any subsequent post-harvest costs are capitalized to inventory insofar as cost is less than net realizable value. Inventories for resale, in addition to supplies and consumables, are valued at the lower of cost and net realizable value, with standard costing used to determine cost. </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="text-align: justify;"> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> Inventories are measured at the lower of cost and net realizable value. Net realizable value is calculated as the estimated selling price in the ordinary course of business, less any estimated costs to complete and sell the goods. The cost of inventory includes expenditures incurred in acquiring raw materials, production and conversion costs, depreciation and other costs incurred in bringing inventory to its existing location and condition. The Company uses the standard costing method to track and cost inventory items. The Company maintains three categories of inventory: raw materials, work in process and finished goods. </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> </td> </tr> </table> <div> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="width: 36pt; text-align: justify; vertical-align: top;"> </td> <td> Property and equipment </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> Property and equipment are measured at cost less accumulated depreciation and losses on impairment. Depreciation of property and equipment begins when an asset is in the location and condition necessary to operate as management intended. Upon the sale or disposition of the asset, cost and accumulated depreciation are removed from property and equipment, with any resulting gain or loss recognized in the consolidated statement of loss and comprehensive loss, as determined by comparing the proceeds from disposal with the carrying amount of the item. </td> </tr> </table> <div> </div> <div> <div> Depreciation is provided on the straight-line basis over the useful lives of the assets as follows: </div> </div> <div style="margin-left: 36pt;">Buildings 45 years </div> <div style="margin-left: 36pt;">Leasehold improvements shorter of the life of the improvement or the remaining life of the lease </div> <div style="margin-left: 36pt;">Furniture & fixtures 5 years </div> <div style="margin-left: 36pt;">Computer equipment 3 years </div> <div style="margin-left: 36pt;">Machinery & equipment 2-7 years </div> Each part of an item of property and equipment with a significant cost in relation to the total cost of the asset, are depreciated separately, except when the significant part has a similar useful life and depreciation method as another part of that same asset. Insignificant parts of the same asset are depreciated together in the remainder of the asset. During each financial year, the Company reviews the residual value, useful life and depreciation method for property and equipment, and makes any adjustment prospectively, if applicable. </div> <div> <div> Intangible assets and goodwill Intangible assets are recorded at cost less accumulated amortization and accumulated impairment losses, if any. Intangible assets acquired in a business combination are measured at fair value at the acquisition date. Intangible assets with finite useful lives are amortized on a straight-line basis over their estimated useful lives. Amortization of intangible assets begins when the asset becomes available for use. Brands, licenses, and customer relationships are amortized over 10 years, which reflect the useful lives of the intangible assets. At the end of each fiscal year, the Company reviews the intangible assets' estimated useful lives and amortization methods, with the effect of any changes in estimates accounted for on a prospective basis. Goodwill represents the excess of the purchase price paid for the acquisition of subsidiaries over the fair value of the net intangible and tangible assets acquired. Following the initial recognition, goodwill is measured at cost less any accumulated impairment losses. The Company has grouped the Goodwill and intangibles into cash generating units ("CGU"), specifically Oregon and Nevada. Goodwill has an indefinite useful life, is not subject to amortization and is tested annually for any impairment, or more frequently in the case that events or circumstances indicate that they may be impaired. </div> <div> Assets and liabilities held for sale Non-current assets, or disposal groups comprising assets and liabilities, are classified as held for sale if it is highly probable that they will be recovered primarily through sale rather than through continuing use. Such assets, or disposal groups, are measured at the lower of their carrying amount and fair value less costs to sell. </div> <div> Business combinations Acquisitions are accounted for using the acquisition method, in accordance with IFRS 3 - Business Combinations, with the assets and liabilities acquired recorded at their fair values at the acquisition date. The Company is required to allocate the purchase price to tangible and identifiable intangible assets acquired and liabilities assumed based on their fair values. The excess of the purchase price over those fair values of the net assets acquired is recorded as goodwill Any excess of the fair value of the net assets acquired over the consideration, is a gain on business acquisition and would be recognized as a gain in the consolidated statement of loss and comprehensive loss. </div> </div> <div> </div> <div> Convertible Instruments Convertible notes are compound financial instruments which are accounted for separately by their components: a financial liability and an equity instrument. The financial liability, which represents the obligation to pay coupon interest on the convertible notes in the future, is initially measured at its fair value and subsequently measured at amortized cost. The residual amount is accounted for as an equity instrument at issuance. The identification of convertible note components is based on interpretations of the substance of the contractual arrangement and therefore requires judgement from management. The separation of the components affects the initial recognition of the convertible debenture at issuance and the subsequent recognition of interest on the liability component. </div> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="width: 36pt; text-align: justify; vertical-align: top;"> </td> <td> Impairment of long-lived assets </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> Long-lived assets include intangible assets and property and equipment, which are reviewed for impairment at each statement of financial position date or whenever events or changes in circumstances indicate that an impairment has occurred. In assessing impairment, the Company compares the carrying amount of the long-lived asset to the recoverable amount. The recoverable amount is the higher of its fair value less costs of disposal and its value in use. An impairment loss is recognized whenever the carrying amount of the asset exceeds its recoverable amount and is recorded as in profit or loss equal to the amount by which the carrying amount exceeds the recoverable amount. In a subsequent period, if an impairment loss reverses, the carrying amount of the long-lived asset is increased to the lesser of the revised estimate of the recoverable amount, and the carrying amount that would have been recorded had no impairment loss been previously recognized. </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> </td> </tr> </table> <div> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> Leases </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> The Company leases some items of property and equipment. Under IFRS 16 Leases ("IFRS 16"), the Company assesses whether a contract to rent an item of property and equipment is, or contains, a lease. For contracts that are, or contain, leases, the Company recognizes a right-of-use asset and lease liability at the commencement date. </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="text-align: justify;"> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> Pursuant to IFRS 16 lessee accounting model, the right-of-use asset is initially measured at cost, which includes the initial amount of the liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and estimates of costs to remove or dismantle the underlying asset or to restore the underlying asset or site on which the asset is located, less any lease incentives received. The right-of-use asset is subsequently depreciated using the straight-line method over the term of the lease. The lease liability is initially measured at the present value of the lease payments that are not paid as of the lease commencement date, discounted using the rate implicit in the lease or, if the implicit rate cannot be readily determined, the Company's incremental borrowing rate. </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> The measurement of lease liabilities includes the following types of lease payments: </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; width: 100%;"> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="width: 36pt; text-align: justify; vertical-align: top;"> 1) </td> <td> fixed payments, including in-substance fixed payments; </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="width: 36pt; text-align: justify; vertical-align: top;"> </td> <td> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="width: 36pt; text-align: justify; vertical-align: top;"> 2) </td> <td> variable lease payments that depend on an index or rate, initially measured using the index or rate as of the commencement date; </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="width: 36pt; text-align: justify; vertical-align: top;"> </td> <td> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="width: 36pt; text-align: justify; vertical-align: top;"> 3) </td> <td> amounts expected to be payable under any residual value guarantees; and </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="width: 36pt; text-align: justify; vertical-align: top;"> </td> <td> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="width: 36pt; text-align: justify; vertical-align: top;"> 4) </td> <td> exercise price for options that the Company is reasonably certain to exercise for an extension or option to buy, and penalties for early termination of a lease unless the Company is reasonably certain that it will not terminate the lease early. The lease liability is measured at amortized costs using the effective interest method. </td> </tr> </table> <div> </div> The lease liability is remeasured in the following circumstances: <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="width: 36pt; text-align: justify; vertical-align: top;"> 1) </td> <td> if there is a change in the future lease payments resulting from a change in index or rate; </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="width: 36pt; text-align: justify; vertical-align: top;"> </td> <td> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="width: 36pt; text-align: justify; vertical-align: top;"> 2) </td> <td> if there is a change in the Company's estimation of the amount expected to be payable under a residual value guarantee; and </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="width: 36pt; text-align: justify; vertical-align: top;"> </td> <td> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="width: 36pt; text-align: justify; vertical-align: top;"> 3) </td> <td> if the Company changes its assessment of whether it will exercise an option to purchase, extend or terminate. </td> </tr> </table> The Company has elected not to recognize right-of-use assets and liabilities for short-term leases that have a term of 12 months or less and for low-value assets. </div> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> Financial instruments </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="text-align: justify;"> <span style="font-family: Times New Roman; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-weight: 400; text-align: justify; text-indent: 48px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; color: #1b968d;">i. <span style="font-family: Times New Roman; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-weight: 400; text-align: justify; text-indent: 48px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; color: #1b968d;">Financial assets </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="text-align: justify;"> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> On initial recognition, financial assets are recognized at fair value and are subsequently classified and measured at: (i) amortized cost; (ii) fair value through other comprehensive income ("FVOCI"); or (iii) fair value through profit or loss ("FVTPL"). The classification of financial assets is generally based on the business model in which a financial asset is managed, and its contractual cash flow characteristics. A financial asset is measured at fair value net of transaction costs that are directly attributable to its acquisition except for financial assets at FVTPL, where transaction costs are expensed. All financial assets not classified and measured at amortized cost or FVOCI are measured at FVTPL. On initial recognition of an equity instrument that is not held for trading, the Company may irrevocably elect to present subsequent changes in the investment's fair value in other comprehensive income/loss. The classification determines the method by which the financial assets are carried on the statement of financial position subsequent to inception and how changes in fair value are recorded. Receivables and notes receivable are measured at amortized cost with subsequent impairments recognized in profit or loss. Cash and restricted cash are classified as FVTPL. </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="text-align: justify;"> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="text-align: right; vertical-align: top;"> ii. Impairment </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> An 'expected credit loss' impairment model applies that requires a loss allowance to be recognized based on expected credit losses. The estimated present value of future cash flows associated with the asset is determined and an impairment loss is recognized for the difference between this amount and the carrying amount as follows: the carrying amount of the asset is reduced to estimated present value of the future cash flows associated with the asset, discounted at the financial asset's original effective interest rate, either directly or through the use of an allowance account, and the resulting loss is recognized in profit or loss for the period. In a subsequent period, if the amount of the impairment loss related to financial assets measured at amortized cost decreases, the previously recognized impairment loss is reversed through profit or loss to the extent that the carrying amount of the investment at the date the impairment is reversed does not exceed what the amortized cost would have been had the impairment not been recognized. </td> </tr> </table> <div> </div> <div> <div> iii. Financial liabilities Financial liabilities are designated as either: (i) fair value through profit or loss; or (ii) other financial liabilities. All financial liabilities are classified and subsequently measured at amortized cost except for financial liabilities at FVTPL. The classification determines the method by which the financial liabilities are carried on the statement of financial position subsequent to inception and how changes in fair value are recorded. Accounts payable and accrued liabilities, promissory notes payable, consideration payable, convertible debentures, other debt, and convertible promissory notes, are classified as amortized cost and carried on the consolidated statement of financial position at amortized cost. Derivative liabilities are carried at FVTPL. </div> </div> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> Share-based compensation </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> The Company measures equity settled share-based payments based on their fair value at their grant date and recognizes share-based compensation expense over the vesting period based on the Company's estimate of equity instruments that will eventually vest. Consideration paid to the Company on the exercise of stock options is recorded as share capital and the related share-based compensation is transferred from reserve to share capital. </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> Income taxes </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> Income tax expense is comprised of current and deferred tax. Current tax and deferred tax are recognized in net income except to the extent that it relates to a business combination or items recognized directly in equity in other comprehensive income (loss). </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> Current income taxes are recognized for the estimated income taxes payable or receivable on taxable income or loss for the current year and any adjustment to income taxes payable in respect to previous years. Current income taxes are determined using the applicable tax rates and tax laws. </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> Deferred tax assets and liabilities are recognized where the carrying amount of an asset or liability differs from its tax base, except for taxable temporary differences arising on the initial recognition of goodwill and temporary differences arising on the initial recognition of an asset or liability in a transaction that is not a business combination, and at the time of the transaction, affects neither accounting nor taxable profit or loss. </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> Recognition of deferred tax assets for unused tax losses, tax credits and deductible temporary differences is restricted to those instances where it is probable that future taxable profit will be available against which the deferred tax asset can be utilized. At the end of each reporting period, the Company reassess its unrecognized deferred tax asset to the extent that it has become probable that future taxable profit will allow the recovery of the Company's deferred tax asset. </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> Earnings (loss) per share </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> The Company presents basic and diluted loss per share data for its common shares. Basic loss per share is calculated using the weighted average number of shares outstanding during the respective years. Diluted loss per share is computed by dividing net loss by the weighted average shares outstanding adjusted for additional shares from the assumed exercise of stock options, restricted share units, or warrants, if dilutive. </td> </tr> </table> <div> </div> <div> <div> The number of additional shares is calculated by assuming the outstanding dilutive convertible instruments, options, and warrants are exercised and that the assumed proceeds are used to acquire common shares at the average market price during the year. Diluted loss per share figures for the years presented are equal to those of basic loss per share for the years since the effects of convertible instruments, stock options and warrants are anti-dilutive. </div> </div> <div> </div> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; margin-top: 14px; width: 100%;"> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> Revenue recognition </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> Revenue comprises the fair value of consideration received or receivable, for the sale of goods in the ordinary course of the Company's activities. Revenue is shown net of returns and discounts. </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> Revenue is measured based on the consideration specified in a contract with a customer. The Company recognizes revenue when performance obligations under the terms of a contract with a customer are satisfied. </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> The Company does not have performance obligations subsequent to delivery on the sale of goods to customers and revenues from sale of goods are recognized at a “point in time”, which is upon passing of control to the customer. For product sales of cannabis and cannabis derivative products, the Company transfers control and satisfies its performance obligation when collection has taken place, compliant documentation has been signed, and the product was accepted by the buyer. </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td> Transaction costs </td> </tr> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td> </td> </tr> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td> Transaction costs that are directly attributable to the acquisition of financial liabilities, other than those at FVTPL, are added to or deducted from the fair value of the financial liability on initial recognition, as appropriate. Transaction costs directly attributable to the acquisition of financial assets or financial liabilities at FVTPL are recognized immediately through profit or loss. </td> </tr> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td style="text-align: justify;"> </td> </tr> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td> Transaction costs associated with a business combination, (i.e., other than those associated with the issuance of debt or equity), are expensed as incurred as a line item in the consolidated statement of loss and comprehensive loss. </td> </tr> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td> </td> </tr> </table> <div> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-color: black; font-size: 10pt; width: 100%;"> <tr> <td style="width: 36pt;"> </td> <td> Reclamation obligation </td> </tr> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td style="text-align: justify;"> The Company recognizes the fair value of a legal or constructive liability for a reclamation obligation in the year in which it is incurred and when a reasonable estimate of fair value can be made. The carrying amount of the related long-lived asset is increased by the same amount as the liability. Changes in the liability for a rehabilitation obligation due to the passage of time will be recognized within accretion expense. The amount will be recognized as an increase in the liability and an accretion expense in the consolidated statement of loss and comprehensive loss. Changes resulting from revisions to the timing or the amount of the original estimate of undiscounted cash flows are recognized as an increase or a decrease to the carrying amount of the liability and the related long-lived asset. </td> </tr> </table> </div> <table style="border-collapse: collapse; border-color: black; font-size: 10pt; margin-top: 5px; width: 100%;"> <tr> <td style="width: 36pt;"> </td> <td> Adoption of new and revised standards and interpretations </td> </tr> <tr> <td style="width: 36pt;"> </td> <td> The following IFRS standards have been recently issued by the IASB. The Company has assessed or is assessing the impact of these new standards on future consolidated financial statements. Pronouncements that are not applicable or where it has been determined do not have a significant impact to the Company have been excluded herein. </td> </tr> <tr> <td style="width: 36pt;"> </td> <td> i. IAS 1 – Presentation of Financial Statements (“IAS 1”) and IAS 8 – Accounting Policies, Changes in Accounting Estimates and Errors (“IAS 8”) </td> </tr> <tr> <td style="width: 36pt;"> </td> <td> IAS 1 and IAS 8 were amended in October 2018 to refine the definition of materiality and clarify its characteristics. The revised definition focuses on the idea that information is material if omitting, misstating or obscuring it could reasonably be expected to influence decisions that the primary users of general-purpose financial statements make on the basis of those financial statements. The amendments were effective for annual reporting periods beginning on or after January 1, 2020. The Company adopted IAS 1 and IAS 8 as of February 1, 2020. The adoption of IAS 1 and IAS 8 did not have a material impact on the consolidated financial statements. </td> </tr> </table> <div> </div> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="width: 36pt;"> </td> <td> ii. Amendment to IFRS 3: Definition of a Business </td> </tr> <tr> <td style="width: 36pt;"> </td> <td> In October 2018, the IASB issued “Definition of a Business (Amendments to IFRS 3)” (the “IFRS 3 Amendment”). The IFRS 3 Amendment clarifies the definition of a business, with the objective of assisting entities to determine whether a transaction should be accounted for as a business combination or as an asset acquisition. The IFRS 3 Amendment provides an assessment framework to determine when a series of integrated activities is not a business. The IFRS 3 Amendment is effective for business combinations occurring on or after the beginning of the first annual reporting period beginning on or after January 1, 2020. The Company early adopted IFRS 3 as of February 1, 2020. The adoption did not have a material impact on the consolidated financial statements. </td> </tr> <tr> <td style="width: 36pt;"> </td> <td style="width: auto;"> New and Revised Standards and Interpretations to be Adopted </td> </tr> <tr> <td style="width: 36pt;"> </td> <td style="width: auto;"> The following is a summary of the new standards issued but not yet effective: </td> </tr> <tr> <td style="width: 36pt;"> </td> <td style="width: auto;"> i. Amendments to IAS 1: Classification of Liabilities as Current or Non-Current </td> </tr> <tr> <td style="width: 36pt;"> </td> <td style="width: auto;"> In January 2020, the IASB issued Classification of Liabilities as Current or Non-current (“Amendments to IAS 1”). The Amendments to IAS 1 aim to promote consistency in applying the requirements by helping companies determine whether, in the statement of financial position, debt and other liabilities with an uncertain settlement date should be classified as current (due or potentially due to be settled within one year) or non-current. The Amendments to IAS 1 include clarifying the classification requirements for debt a company might settle by converting it into equity. The Amendments to IAS 1 are effective for annual reporting periods beginning on or after January 1, 2022, with earlier application permitted. </td> </tr> <tr> <td style="width: 36pt;"> </td> <td style="width: auto;"> ii. Amendments to IAS 37: Onerous Contracts – Cost of Fulfilling a Contract </td> </tr> <tr> <td style="width: 36pt;"> </td> <td style="width: auto;"> In May 2020, the IASB issued Onerous Contracts – Cost of Fulfilling a Contract (“Amendments to IAS 37”) amending the standard regarding costs a company should include as the cost of fulfilling a contract when assessing whether a contract is onerous. The amendment is effective for annual reporting periods beginning on or after January 1, 2022. </td> </tr> <tr> <td style="width: 36pt;"> </td> <td style="width: auto;"> </td> </tr> </table> <div> <div> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td> Significant accounting judgments, estimates and assumptions </td> </tr> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td> </td> </tr> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td> The preparation of the Company's financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the reported amounts of assets, liabilities and contingent liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Estimates and assumptions are continuously evaluated and are based on management's experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from those estimates and judgments. </td> </tr> </table> <div> <div> Areas requiring a significant degree of estimation and judgment relate to the determination of business combinations, impairment of long-lived assets, biological assets and inventory, fair value measurements, useful lives, depreciation and amortization of property, equipment and intangible assets, the recoverability and measurement of deferred tax assets and liabilities and share-based compensation. i. Business combinations Judgment is used in determining whether the Company's acquisition is considered a business combination or an asset acquisition. Additionally, judgment is required to assess whether any amounts paid on the achievement of agreed upon milestones represents contingent consideration or compensation for post-acquisition services. Judgment is also required to assess whether contingent consideration arising from an acquisition should be classified as a liability or equity. Contingent consideration classified as equity is not remeasured at subsequent reporting dates and its subsequent settlement by the Company is accounted for within equity. <div> </div> Contingent consideration classified as a liability is remeasured at subsequent reporting dates in accordance with IFRS 9 -Financial Instruments, or IAS 37 - Provisions, Contingent Liabilities and Contingent Assets. </div> </div> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td colspan="2" style="vertical-align: top;"> ii. Impairment of long-lived assets </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td colspan="2" style="vertical-align: top;"> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td colspan="2"> When there are indications that an asset may be impaired, the Company is required to estimate the asset's recoverable amount. The recoverable amount is the greater of value-in-use and fair value less costs of disposal. Determining the value-in-use requires the Company to estimate expected future cash flows associated with the assets and a suitable discount rate in order to calculate present value. At January 31, 2020, as a result of this review, the Company's assessment of the goodwill associated with the Oregon CGU indicated an impairment in value. The goodwill and intangibles of the Oregon CGU has therefore been written down by $22,375,225 (goodwill) and $1,536,260 (intangible assets) see Note 10. There was no such impairment during the year ended January 31, 2021. </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td colspan="2" style="text-align: right; vertical-align: top;"> iii. Biological assets and inventories </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td colspan="2"> In calculating the value of the biological assets and inventory, management is required to make a number of estimates, including estimating the stage of growth of cannabis up to the point of harvest, harvesting costs, selling costs, sales price, wastage and expected yields for the cannabis plant. In calculating final inventory values, management is required to determine an estimate of spoiled or expired inventory and compare the inventory cost versus net realizable value. The Company's estimates are, by their nature, subject to change. Changes in the anticipated yield or quality will be reflected in future changes in the gain or loss on biological assets. </td> </tr> <tr> <td colspan="2"> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td colspan="2"> Effective July 1, 2019 the Company has begun utilizing the Nevada Department of Taxation ("NDOT") determined wholesale fair market value for the period of future sales in order to calculate the expected selling price of its biological assets at its Nevada operations. Previously, the Company relied on observational inputs in the Nevada market, but the Company believes the NDOT observed values are more consistent and has observed peer issuers adopting the same valuation input. </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td colspan="2" style="vertical-align: top;"> iv. Fair value measurements </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td colspan="2"> Certain assets and liabilities held by the Company are measured at fair value. In estimating fair value, the Company uses market-observable data to the extent that such data is available. In certain situations where Level 1 inputs are not available, the Company makes an estimate or engages qualified, third-party valuators to perform the valuation. </td> </tr> </table> <div> <div> v. Estimated useful lives and depreciation and amortization of property, equipment and intangible assets The Company's depreciation and amortization of property, equipment and intangible assets are dependent on the estimation of the assets' useful lives, which requires management to exercise judgment. The Company's assessment of any impairment of assets is dependent on its estimation of recoverable amounts that consider various factors, including market and economic conditions and the assets' useful lives. <div> </div> vii. Share-based compensation The Company uses the Black-Scholes option pricing model to measure share-based compensation. The Company's estimate of share-based compensation is dependent on measurement inputs including the share price on measurement date, exercise price of the option, volatility, risk-free rate, expected dividends, and the expected life. viii. Convertible notes The identification of convertible note components is based on interpretations of the substance of the contractual arrangement and therefore requires judgement from management. </div> </div> </div> </div>

<div> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td> Basis of consolidation </td> </tr> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td style="text-align: justify;"> These consolidated financial statements as at and for the years ended January 31, 2021 and 2020 ("consolidated financial statements"), incorporate the accounts of the Company and its wholly-owned subsidiaries as defined in IFRS 10 - Consolidated Financial Statements ("IFRS 10"). All consolidated entities were under common control during the entirety of the periods for which their respective results of operations were included in the consolidated statements (i.e., from the date of their acquisition). All intercompany balances and transactions are eliminated upon consolidation. </td> </tr> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td style="text-align: justify;"> </td> </tr> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td style="text-align: justify;"> The following are the Company's wholly owned subsidiaries that are included in these consolidated financial statements as at and for the year ended January 31, 2021: </td> </tr> </table> <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-color: black; font-size: 8pt; width: 100%;"> <tr style="background-color: #ffffff; vertical-align: top;"> <td style="border-top: 1px solid #000000; text-align: justify; background-color: #ffffff; padding-left: 5pt;"> </td> <td style="border-top: 1px solid #000000; width: 20%; background-color: #ffffff; text-align: center;">Country of </td> <td style="border-top: 1px solid #000000; width: 20%; background-color: #ffffff; text-align: center;">Percentage </td> <td style="border-top: 1px solid #000000; width: 20%; background-color: #ffffff; text-align: center;"> </td> <td style="border-top: 1px solid #000000; width: 20%; background-color: #ffffff; text-align: center;"> </td> </tr> <tr style="background-color: #ffffff; vertical-align: top;"> <td style="border-bottom: 1px solid #000000; text-align: justify; background-color: #ffffff; padding-left: 5pt;">Name of Subsidiary </td> <td style="border-bottom: 1px solid #000000; width: 20%; background-color: #ffffff; text-align: center;">Incorporation </td> <td style="border-bottom: 1px solid #000000; width: 20%; background-color: #ffffff; text-align: center;">Ownership </td> <td style="border-bottom: 1px solid #000000; width: 20%; background-color: #ffffff; text-align: center;"> Functional Currency </td> <td style="border-bottom: 1px solid #000000; width: 20%; background-color: #ffffff; text-align: center;">Principal Activity </td> </tr> <tr style="background-color: #f2f2f2; vertical-align: top;"> <td style="text-align: justify; padding-left: 5pt; background-color: #f2f2f2;">320204 US Holdings Corp.</td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;"> USA </td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;">100%</td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;"> USD </td> <td style="width: 20%; background-color: #f2f2f2;"> Holding Company </td> </tr> <tr style="background-color: #ffffff; vertical-align: top;"> <td style="text-align: justify; padding-left: 5pt; background-color: #ffffff;">320204 Oregon Holdings Corp.</td> <td style="width: 20%; text-align: center; background-color: #ffffff;"> USA </td> <td style="width: 20%; text-align: center; background-color: #ffffff;">100%</td> <td style="width: 20%; text-align: center; background-color: #ffffff;"> USD </td> <td style="width: 20%; background-color: #ffffff;"> Holding Company </td> </tr> <tr style="background-color: #f2f2f2; vertical-align: top;"> <td style="text-align: justify; padding-left: 5pt; background-color: #f2f2f2;">320204 Nevada Holdings Corp.</td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;"> USA </td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;">100%</td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;"> USD </td> <td style="width: 20%; background-color: #f2f2f2;"> Holding Company </td> </tr> <tr style="background-color: #ffffff;"> <td style="text-align: justify; padding-left: 5pt; background-color: #ffffff;">320204 Re Holdings, LLC</td> <td style="width: 20%; text-align: center; background-color: #ffffff;"> USA </td> <td style="width: 20%; text-align: center; background-color: #ffffff;">100%</td> <td style="width: 20%; text-align: center; background-color: #ffffff;"> USD </td> <td style="width: 20%; background-color: #ffffff;"> Holding Company </td> </tr> <tr style="background-color: #f2f2f2; vertical-align: top;"> <td style="text-align: justify; padding-left: 5pt; background-color: #f2f2f2;">Eco Firma Farms LLC</td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;"> USA </td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;">100%</td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;"> USD </td> <td style="width: 20%; background-color: #f2f2f2;"> Cannabis producer </td> </tr> <tr style="background-color: #ffffff; vertical-align: top;"> <td style="text-align: justify; padding-left: 5pt; background-color: #ffffff;">Silver State Cultivation LLC</td> <td style="width: 20%; text-align: center; background-color: #ffffff;"> USA </td> <td style="width: 20%; text-align: center; background-color: #ffffff;">100%</td> <td style="width: 20%; text-align: center; background-color: #ffffff;"> USD </td> <td style="width: 20%; background-color: #ffffff;"> Cannabis producer </td> </tr> <tr style="background-color: #f2f2f2; vertical-align: top;"> <td style="text-align: justify; padding-left: 5pt; background-color: #f2f2f2;">Silver State Relief LLC</td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;"> USA </td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;">100%</td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;"> USD </td> <td style="width: 20%; background-color: #f2f2f2;"> Cannabis retailer </td> </tr> <tr style="background-color: #ffffff;"> <td style="text-align: justify; padding-left: 5pt; background-color: #ffffff;">Swell Companies LTD</td> <td style="width: 20%; text-align: center; background-color: #ffffff;"> USA </td> <td style="width: 20%; text-align: center; background-color: #ffffff;">100%</td> <td style="width: 20%; text-align: center; background-color: #ffffff;"> USD </td> <td style="width: 20%; background-color: #ffffff;"> Cannabis processor, distributor </td> </tr> <tr style="background-color: #f2f2f2; vertical-align: top;"> <td style="text-align: justify; padding-left: 5pt; background-color: #f2f2f2;">Megawood Enterprises Inc.</td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;"> USA </td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;">100%</td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;"> USD </td> <td style="width: 20%; background-color: #f2f2f2;"> Cannabis retailer </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding: 0in 0in 0in 5pt; background-color: #ffffff;">Phantom Venture Group, LLC</td> <td style="padding: 0in; text-align: center; background-color: #ffffff;"> USA </td> <td style="padding: 0in; text-align: center; background-color: #ffffff;">100%</td> <td style="padding: 0in; text-align: center; background-color: #ffffff;"> USD </td> <td style="padding: 0in; background-color: #ffffff;"> Holding Company </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding: 0in 0in 0in 5pt; background-color: #f2f2f2;">Phantom Brands, LLC</td> <td style="padding: 0in; text-align: center; background-color: #f2f2f2;"> USA </td> <td style="padding: 0in; text-align: center; background-color: #f2f2f2;">100%</td> <td style="padding: 0in; text-align: center; background-color: #f2f2f2;"> USD </td> <td style="padding: 0in; background-color: #f2f2f2;"> Holding Company </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding: 0in 0in 0in 5pt; background-color: #ffffff;">Phantom Distribution, LLC</td> <td style="padding: 0in; text-align: center; background-color: #ffffff;"> USA </td> <td style="padding: 0in; text-align: center; background-color: #ffffff;">100%</td> <td style="padding: 0in; text-align: center; background-color: #ffffff;"> USD </td> <td style="padding: 0in; background-color: #ffffff;"> Cannabis distributor </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding: 0in 0in 0in 5pt; background-color: #f2f2f2;">63353 Bend, LLC</td> <td style="padding: 0in; text-align: center; background-color: #f2f2f2;"> USA </td> <td style="padding: 0in; text-align: center; background-color: #f2f2f2;">100%</td> <td style="padding: 0in; text-align: center; background-color: #f2f2f2;"> USD </td> <td style="padding: 0in; background-color: #f2f2f2;"> Cannabis producer </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding: 0in 0in 0in 5pt; background-color: #ffffff;">20727-4 Bend, LLC</td> <td style="padding: 0in; text-align: center; background-color: #ffffff;"> USA </td> <td style="padding: 0in; text-align: center; background-color: #ffffff;">100%</td> <td style="padding: 0in; text-align: center; background-color: #ffffff;"> USD </td> <td style="padding: 0in; background-color: #ffffff;"> Cannabis processor </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding: 0in 0in 0in 5pt; background-color: #f2f2f2;">4964 BFH, LLC</td> <td style="padding: 0in; text-align: center; background-color: #f2f2f2;"> USA </td> <td style="padding: 0in; text-align: center; background-color: #f2f2f2;">100%</td> <td style="padding: 0in; text-align: center; background-color: #f2f2f2;"> USD </td> <td style="padding: 0in; background-color: #f2f2f2;"> Cannabis producer </td> </tr> <tr style="background-color: #ffffff; vertical-align: top;"> <td style="border-bottom: 1px solid #000000; text-align: justify; padding-left: 5pt; background-color: #ffffff;">Workforce Concepts 21, Inc.</td> <td style="border-bottom: 1px solid #000000; width: 20%; text-align: center; background-color: #ffffff;"> USA </td> <td style="border-bottom: 1px solid #000000; width: 20%; text-align: center; background-color: #ffffff;">100%</td> <td style="border-bottom: 1px solid #000000; width: 20%; text-align: center; background-color: #ffffff;"> USD </td> <td style="border-bottom: 1px solid #000000; width: 20%; background-color: #ffffff;"> Payroll and benefits services </td> </tr> </table> </div> </div>

<div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-color: black; font-size: 8pt; width: 100%;"> <tr style="background-color: #ffffff; vertical-align: top;"> <td style="border-top: 1px solid #000000; text-align: justify; background-color: #ffffff; padding-left: 5pt;"> </td> <td style="border-top: 1px solid #000000; width: 20%; background-color: #ffffff; text-align: center;">Country of </td> <td style="border-top: 1px solid #000000; width: 20%; background-color: #ffffff; text-align: center;">Percentage </td> <td style="border-top: 1px solid #000000; width: 20%; background-color: #ffffff; text-align: center;"> </td> <td style="border-top: 1px solid #000000; width: 20%; background-color: #ffffff; text-align: center;"> </td> </tr> <tr style="background-color: #ffffff; vertical-align: top;"> <td style="border-bottom: 1px solid #000000; text-align: justify; background-color: #ffffff; padding-left: 5pt;">Name of Subsidiary </td> <td style="border-bottom: 1px solid #000000; width: 20%; background-color: #ffffff; text-align: center;">Incorporation </td> <td style="border-bottom: 1px solid #000000; width: 20%; background-color: #ffffff; text-align: center;">Ownership </td> <td style="border-bottom: 1px solid #000000; width: 20%; background-color: #ffffff; text-align: center;"> Functional Currency </td> <td style="border-bottom: 1px solid #000000; width: 20%; background-color: #ffffff; text-align: center;">Principal Activity </td> </tr> <tr style="background-color: #f2f2f2; vertical-align: top;"> <td style="text-align: justify; padding-left: 5pt; background-color: #f2f2f2;">320204 US Holdings Corp.</td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;"> USA </td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;">100%</td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;"> USD </td> <td style="width: 20%; background-color: #f2f2f2;"> Holding Company </td> </tr> <tr style="background-color: #ffffff; vertical-align: top;"> <td style="text-align: justify; padding-left: 5pt; background-color: #ffffff;">320204 Oregon Holdings Corp.</td> <td style="width: 20%; text-align: center; background-color: #ffffff;"> USA </td> <td style="width: 20%; text-align: center; background-color: #ffffff;">100%</td> <td style="width: 20%; text-align: center; background-color: #ffffff;"> USD </td> <td style="width: 20%; background-color: #ffffff;"> Holding Company </td> </tr> <tr style="background-color: #f2f2f2; vertical-align: top;"> <td style="text-align: justify; padding-left: 5pt; background-color: #f2f2f2;">320204 Nevada Holdings Corp.</td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;"> USA </td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;">100%</td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;"> USD </td> <td style="width: 20%; background-color: #f2f2f2;"> Holding Company </td> </tr> <tr style="background-color: #ffffff;"> <td style="text-align: justify; padding-left: 5pt; background-color: #ffffff;">320204 Re Holdings, LLC</td> <td style="width: 20%; text-align: center; background-color: #ffffff;"> USA </td> <td style="width: 20%; text-align: center; background-color: #ffffff;">100%</td> <td style="width: 20%; text-align: center; background-color: #ffffff;"> USD </td> <td style="width: 20%; background-color: #ffffff;"> Holding Company </td> </tr> <tr style="background-color: #f2f2f2; vertical-align: top;"> <td style="text-align: justify; padding-left: 5pt; background-color: #f2f2f2;">Eco Firma Farms LLC</td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;"> USA </td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;">100%</td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;"> USD </td> <td style="width: 20%; background-color: #f2f2f2;"> Cannabis producer </td> </tr> <tr style="background-color: #ffffff; vertical-align: top;"> <td style="text-align: justify; padding-left: 5pt; background-color: #ffffff;">Silver State Cultivation LLC</td> <td style="width: 20%; text-align: center; background-color: #ffffff;"> USA </td> <td style="width: 20%; text-align: center; background-color: #ffffff;">100%</td> <td style="width: 20%; text-align: center; background-color: #ffffff;"> USD </td> <td style="width: 20%; background-color: #ffffff;"> Cannabis producer </td> </tr> <tr style="background-color: #f2f2f2; vertical-align: top;"> <td style="text-align: justify; padding-left: 5pt; background-color: #f2f2f2;">Silver State Relief LLC</td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;"> USA </td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;">100%</td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;"> USD </td> <td style="width: 20%; background-color: #f2f2f2;"> Cannabis retailer </td> </tr> <tr style="background-color: #ffffff;"> <td style="text-align: justify; padding-left: 5pt; background-color: #ffffff;">Swell Companies LTD</td> <td style="width: 20%; text-align: center; background-color: #ffffff;"> USA </td> <td style="width: 20%; text-align: center; background-color: #ffffff;">100%</td> <td style="width: 20%; text-align: center; background-color: #ffffff;"> USD </td> <td style="width: 20%; background-color: #ffffff;"> Cannabis processor, distributor </td> </tr> <tr style="background-color: #f2f2f2; vertical-align: top;"> <td style="text-align: justify; padding-left: 5pt; background-color: #f2f2f2;">Megawood Enterprises Inc.</td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;"> USA </td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;">100%</td> <td style="width: 20%; text-align: center; background-color: #f2f2f2;"> USD </td> <td style="width: 20%; background-color: #f2f2f2;"> Cannabis retailer </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding: 0in 0in 0in 5pt; background-color: #ffffff;">Phantom Venture Group, LLC</td> <td style="padding: 0in; text-align: center; background-color: #ffffff;"> USA </td> <td style="padding: 0in; text-align: center; background-color: #ffffff;">100%</td> <td style="padding: 0in; text-align: center; background-color: #ffffff;"> USD </td> <td style="padding: 0in; background-color: #ffffff;"> Holding Company </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding: 0in 0in 0in 5pt; background-color: #f2f2f2;">Phantom Brands, LLC</td> <td style="padding: 0in; text-align: center; background-color: #f2f2f2;"> USA </td> <td style="padding: 0in; text-align: center; background-color: #f2f2f2;">100%</td> <td style="padding: 0in; text-align: center; background-color: #f2f2f2;"> USD </td> <td style="padding: 0in; background-color: #f2f2f2;"> Holding Company </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding: 0in 0in 0in 5pt; background-color: #ffffff;">Phantom Distribution, LLC</td> <td style="padding: 0in; text-align: center; background-color: #ffffff;"> USA </td> <td style="padding: 0in; text-align: center; background-color: #ffffff;">100%</td> <td style="padding: 0in; text-align: center; background-color: #ffffff;"> USD </td> <td style="padding: 0in; background-color: #ffffff;"> Cannabis distributor </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding: 0in 0in 0in 5pt; background-color: #f2f2f2;">63353 Bend, LLC</td> <td style="padding: 0in; text-align: center; background-color: #f2f2f2;"> USA </td> <td style="padding: 0in; text-align: center; background-color: #f2f2f2;">100%</td> <td style="padding: 0in; text-align: center; background-color: #f2f2f2;"> USD </td> <td style="padding: 0in; background-color: #f2f2f2;"> Cannabis producer </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding: 0in 0in 0in 5pt; background-color: #ffffff;">20727-4 Bend, LLC</td> <td style="padding: 0in; text-align: center; background-color: #ffffff;"> USA </td> <td style="padding: 0in; text-align: center; background-color: #ffffff;">100%</td> <td style="padding: 0in; text-align: center; background-color: #ffffff;"> USD </td> <td style="padding: 0in; background-color: #ffffff;"> Cannabis processor </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding: 0in 0in 0in 5pt; background-color: #f2f2f2;">4964 BFH, LLC</td> <td style="padding: 0in; text-align: center; background-color: #f2f2f2;"> USA </td> <td style="padding: 0in; text-align: center; background-color: #f2f2f2;">100%</td> <td style="padding: 0in; text-align: center; background-color: #f2f2f2;"> USD </td> <td style="padding: 0in; background-color: #f2f2f2;"> Cannabis producer </td> </tr> <tr style="background-color: #ffffff; vertical-align: top;"> <td style="border-bottom: 1px solid #000000; text-align: justify; padding-left: 5pt; background-color: #ffffff;">Workforce Concepts 21, Inc.</td> <td style="border-bottom: 1px solid #000000; width: 20%; text-align: center; background-color: #ffffff;"> USA </td> <td style="border-bottom: 1px solid #000000; width: 20%; text-align: center; background-color: #ffffff;">100%</td> <td style="border-bottom: 1px solid #000000; width: 20%; text-align: center; background-color: #ffffff;"> USD </td> <td style="border-bottom: 1px solid #000000; width: 20%; background-color: #ffffff;"> Payroll and benefits services </td> </tr> </table> </div>

USA

USD

Holding Company

USA

USD

Holding Company

USA

USD

Holding Company

USA

USD

Holding Company

USA

USD

Cannabis producer

USA

USD

Cannabis producer

USA

USD

Cannabis retailer

USA

USD

Cannabis processor, distributor

USA

USD

Cannabis retailer

USA

USD

Holding Company

USA

USD

Holding Company

USA

USD

Cannabis distributor

USA

USD

Cannabis producer

USA

USD

Cannabis processor

USA

USD

Cannabis producer

USA

USD

Payroll and benefits services <div> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="text-align: justify; height: 15px; width: 36pt;"> </td> <td style="height: 15px; width: auto;"> Basis of preparation </td> </tr> <tr> <td style="text-align: justify; height: 15px; width: 36pt;"> </td> <td style="text-align: justify; height: 15px; width: auto;"> These consolidated financial statements have been prepared on an accrual basis and are based on historical costs, except for certain financial instruments and biological assets classified as fair value through profit or loss. The consolidated financial statements are presented in U.S. dollars unless otherwise noted. </td> </tr> </table> </div> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="text-align: justify; height: 15px; width: 36pt;"> </td> <td style="height: 15px; width: auto;"> Statement of compliance </td> </tr> <tr> <td style="text-align: justify; height: 15px; width: 36pt;"> </td> <td style="text-align: justify; height: 15px; width: auto;"> These consolidated financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS") issued by the International Accounting Standards Board ("IASB") and Interpretations of the IFRS Interpretations Committee. </td> </tr> </table>

<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="text-align: justify; width: 36pt; vertical-align: top;"> </td> <td> Functional and presentation currency </td> </tr> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td style="text-align: justify;"> These consolidated financial statements are presented in U.S. dollars, the Company's presentation currency. The functional currency of the Company's subsidiaries is U.S. dollars. The parent company's functional currency is the Canadian dollar. All amounts presented are in U.S. dollars unless otherwise noted. </td> </tr> </table>

<div style="margin-left: 36pt;">Buildings 45 years </div> <div style="margin-left: 36pt;">Leasehold improvements shorter of the life of the improvement or the remaining life of the lease </div> <div style="margin-left: 36pt;">Furniture & fixtures 5 years </div> <div style="margin-left: 36pt;">Computer equipment 3 years </div> <div style="margin-left: 36pt;">Machinery & equipment 2-7 years </div>

45 years

shorter of the life of the improvement or the remaining life of the lease

5 years

3 years

2-7 years

<div> Intangible assets and goodwill Intangible assets are recorded at cost less accumulated amortization and accumulated impairment losses, if any. Intangible assets acquired in a business combination are measured at fair value at the acquisition date. Intangible assets with finite useful lives are amortized on a straight-line basis over their estimated useful lives. Amortization of intangible assets begins when the asset becomes available for use. Brands, licenses, and customer relationships are amortized over 10 years, which reflect the useful lives of the intangible assets. At the end of each fiscal year, the Company reviews the intangible assets' estimated useful lives and amortization methods, with the effect of any changes in estimates accounted for on a prospective basis. Goodwill represents the excess of the purchase price paid for the acquisition of subsidiaries over the fair value of the net intangible and tangible assets acquired. Following the initial recognition, goodwill is measured at cost less any accumulated impairment losses. The Company has grouped the Goodwill and intangibles into cash generating units ("CGU"), specifically Oregon and Nevada. Goodwill has an indefinite useful life, is not subject to amortization and is tested annually for any impairment, or more frequently in the case that events or circumstances indicate that they may be impaired. </div>

P10Y

<div> Assets and liabilities held for sale Non-current assets, or disposal groups comprising assets and liabilities, are classified as held for sale if it is highly probable that they will be recovered primarily through sale rather than through continuing use. Such assets, or disposal groups, are measured at the lower of their carrying amount and fair value less costs to sell. </div>

<div> Business combinations Acquisitions are accounted for using the acquisition method, in accordance with IFRS 3 - Business Combinations, with the assets and liabilities acquired recorded at their fair values at the acquisition date. The Company is required to allocate the purchase price to tangible and identifiable intangible assets acquired and liabilities assumed based on their fair values. The excess of the purchase price over those fair values of the net assets acquired is recorded as goodwill Any excess of the fair value of the net assets acquired over the consideration, is a gain on business acquisition and would be recognized as a gain in the consolidated statement of loss and comprehensive loss. </div>

<div> Convertible Instruments Convertible notes are compound financial instruments which are accounted for separately by their components: a financial liability and an equity instrument. The financial liability, which represents the obligation to pay coupon interest on the convertible notes in the future, is initially measured at its fair value and subsequently measured at amortized cost. The residual amount is accounted for as an equity instrument at issuance. The identification of convertible note components is based on interpretations of the substance of the contractual arrangement and therefore requires judgement from management. The separation of the components affects the initial recognition of the convertible debenture at issuance and the subsequent recognition of interest on the liability component. </div>

<div> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> Leases </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> The Company leases some items of property and equipment. Under IFRS 16 Leases ("IFRS 16"), the Company assesses whether a contract to rent an item of property and equipment is, or contains, a lease. For contracts that are, or contain, leases, the Company recognizes a right-of-use asset and lease liability at the commencement date. </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="text-align: justify;"> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> Pursuant to IFRS 16 lessee accounting model, the right-of-use asset is initially measured at cost, which includes the initial amount of the liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and estimates of costs to remove or dismantle the underlying asset or to restore the underlying asset or site on which the asset is located, less any lease incentives received. The right-of-use asset is subsequently depreciated using the straight-line method over the term of the lease. The lease liability is initially measured at the present value of the lease payments that are not paid as of the lease commencement date, discounted using the rate implicit in the lease or, if the implicit rate cannot be readily determined, the Company's incremental borrowing rate. </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> The measurement of lease liabilities includes the following types of lease payments: </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; width: 100%;"> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="width: 36pt; text-align: justify; vertical-align: top;"> 1) </td> <td> fixed payments, including in-substance fixed payments; </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="width: 36pt; text-align: justify; vertical-align: top;"> </td> <td> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="width: 36pt; text-align: justify; vertical-align: top;"> 2) </td> <td> variable lease payments that depend on an index or rate, initially measured using the index or rate as of the commencement date; </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="width: 36pt; text-align: justify; vertical-align: top;"> </td> <td> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="width: 36pt; text-align: justify; vertical-align: top;"> 3) </td> <td> amounts expected to be payable under any residual value guarantees; and </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="width: 36pt; text-align: justify; vertical-align: top;"> </td> <td> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="width: 36pt; text-align: justify; vertical-align: top;"> 4) </td> <td> exercise price for options that the Company is reasonably certain to exercise for an extension or option to buy, and penalties for early termination of a lease unless the Company is reasonably certain that it will not terminate the lease early. The lease liability is measured at amortized costs using the effective interest method. </td> </tr> </table> <div> </div> The lease liability is remeasured in the following circumstances: <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="width: 36pt; text-align: justify; vertical-align: top;"> 1) </td> <td> if there is a change in the future lease payments resulting from a change in index or rate; </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="width: 36pt; text-align: justify; vertical-align: top;"> </td> <td> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="width: 36pt; text-align: justify; vertical-align: top;"> 2) </td> <td> if there is a change in the Company's estimation of the amount expected to be payable under a residual value guarantee; and </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="width: 36pt; text-align: justify; vertical-align: top;"> </td> <td> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="width: 36pt; text-align: justify; vertical-align: top;"> 3) </td> <td> if the Company changes its assessment of whether it will exercise an option to purchase, extend or terminate. </td> </tr> </table> The Company has elected not to recognize right-of-use assets and liabilities for short-term leases that have a term of 12 months or less and for low-value assets. </div>

<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> Financial instruments </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="text-align: justify;"> <span style="font-family: Times New Roman; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-weight: 400; text-align: justify; text-indent: 48px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; color: #1b968d;">i. <span style="font-family: Times New Roman; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-weight: 400; text-align: justify; text-indent: 48px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; color: #1b968d;">Financial assets </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="text-align: justify;"> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> On initial recognition, financial assets are recognized at fair value and are subsequently classified and measured at: (i) amortized cost; (ii) fair value through other comprehensive income ("FVOCI"); or (iii) fair value through profit or loss ("FVTPL"). The classification of financial assets is generally based on the business model in which a financial asset is managed, and its contractual cash flow characteristics. A financial asset is measured at fair value net of transaction costs that are directly attributable to its acquisition except for financial assets at FVTPL, where transaction costs are expensed. All financial assets not classified and measured at amortized cost or FVOCI are measured at FVTPL. On initial recognition of an equity instrument that is not held for trading, the Company may irrevocably elect to present subsequent changes in the investment's fair value in other comprehensive income/loss. The classification determines the method by which the financial assets are carried on the statement of financial position subsequent to inception and how changes in fair value are recorded. Receivables and notes receivable are measured at amortized cost with subsequent impairments recognized in profit or loss. Cash and restricted cash are classified as FVTPL. </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="text-align: justify;"> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td style="text-align: right; vertical-align: top;"> ii. Impairment </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> An 'expected credit loss' impairment model applies that requires a loss allowance to be recognized based on expected credit losses. The estimated present value of future cash flows associated with the asset is determined and an impairment loss is recognized for the difference between this amount and the carrying amount as follows: the carrying amount of the asset is reduced to estimated present value of the future cash flows associated with the asset, discounted at the financial asset's original effective interest rate, either directly or through the use of an allowance account, and the resulting loss is recognized in profit or loss for the period. In a subsequent period, if the amount of the impairment loss related to financial assets measured at amortized cost decreases, the previously recognized impairment loss is reversed through profit or loss to the extent that the carrying amount of the investment at the date the impairment is reversed does not exceed what the amortized cost would have been had the impairment not been recognized. </td> </tr> </table> <div> </div> <div> <div> iii. Financial liabilities Financial liabilities are designated as either: (i) fair value through profit or loss; or (ii) other financial liabilities. All financial liabilities are classified and subsequently measured at amortized cost except for financial liabilities at FVTPL. The classification determines the method by which the financial liabilities are carried on the statement of financial position subsequent to inception and how changes in fair value are recorded. Accounts payable and accrued liabilities, promissory notes payable, consideration payable, convertible debentures, other debt, and convertible promissory notes, are classified as amortized cost and carried on the consolidated statement of financial position at amortized cost. Derivative liabilities are carried at FVTPL. </div> </div>

<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; margin-top: 14px; width: 100%;"> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> Revenue recognition </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> Revenue comprises the fair value of consideration received or receivable, for the sale of goods in the ordinary course of the Company's activities. Revenue is shown net of returns and discounts. </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> Revenue is measured based on the consideration specified in a contract with a customer. The Company recognizes revenue when performance obligations under the terms of a contract with a customer are satisfied. </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td> The Company does not have performance obligations subsequent to delivery on the sale of goods to customers and revenues from sale of goods are recognized at a “point in time”, which is upon passing of control to the customer. For product sales of cannabis and cannabis derivative products, the Company transfers control and satisfies its performance obligation when collection has taken place, compliant documentation has been signed, and the product was accepted by the buyer. </td> </tr> </table>

<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td> Transaction costs </td> </tr> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td> </td> </tr> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td> Transaction costs that are directly attributable to the acquisition of financial liabilities, other than those at FVTPL, are added to or deducted from the fair value of the financial liability on initial recognition, as appropriate. Transaction costs directly attributable to the acquisition of financial assets or financial liabilities at FVTPL are recognized immediately through profit or loss. </td> </tr> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td style="text-align: justify;"> </td> </tr> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td> Transaction costs associated with a business combination, (i.e., other than those associated with the issuance of debt or equity), are expensed as incurred as a line item in the consolidated statement of loss and comprehensive loss. </td> </tr> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td> </td> </tr> </table> <div> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-color: black; font-size: 10pt; width: 100%;"> <tr> <td style="width: 36pt;"> </td> <td> Reclamation obligation </td> </tr> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td style="text-align: justify;"> The Company recognizes the fair value of a legal or constructive liability for a reclamation obligation in the year in which it is incurred and when a reasonable estimate of fair value can be made. The carrying amount of the related long-lived asset is increased by the same amount as the liability. Changes in the liability for a rehabilitation obligation due to the passage of time will be recognized within accretion expense. The amount will be recognized as an increase in the liability and an accretion expense in the consolidated statement of loss and comprehensive loss. Changes resulting from revisions to the timing or the amount of the original estimate of undiscounted cash flows are recognized as an increase or a decrease to the carrying amount of the liability and the related long-lived asset. </td> </tr> </table> </div>

<table style="border-collapse: collapse; border-color: black; font-size: 10pt; margin-top: 5px; width: 100%;"> <tr> <td style="width: 36pt;"> </td> <td> Adoption of new and revised standards and interpretations </td> </tr> <tr> <td style="width: 36pt;"> </td> <td> The following IFRS standards have been recently issued by the IASB. The Company has assessed or is assessing the impact of these new standards on future consolidated financial statements. Pronouncements that are not applicable or where it has been determined do not have a significant impact to the Company have been excluded herein. </td> </tr> <tr> <td style="width: 36pt;"> </td> <td> i. IAS 1 – Presentation of Financial Statements (“IAS 1”) and IAS 8 – Accounting Policies, Changes in Accounting Estimates and Errors (“IAS 8”) </td> </tr> <tr> <td style="width: 36pt;"> </td> <td> IAS 1 and IAS 8 were amended in October 2018 to refine the definition of materiality and clarify its characteristics. The revised definition focuses on the idea that information is material if omitting, misstating or obscuring it could reasonably be expected to influence decisions that the primary users of general-purpose financial statements make on the basis of those financial statements. The amendments were effective for annual reporting periods beginning on or after January 1, 2020. The Company adopted IAS 1 and IAS 8 as of February 1, 2020. The adoption of IAS 1 and IAS 8 did not have a material impact on the consolidated financial statements. </td> </tr> </table> <div> </div> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="width: 36pt;"> </td> <td> ii. Amendment to IFRS 3: Definition of a Business </td> </tr> <tr> <td style="width: 36pt;"> </td> <td> In October 2018, the IASB issued “Definition of a Business (Amendments to IFRS 3)” (the “IFRS 3 Amendment”). The IFRS 3 Amendment clarifies the definition of a business, with the objective of assisting entities to determine whether a transaction should be accounted for as a business combination or as an asset acquisition. The IFRS 3 Amendment provides an assessment framework to determine when a series of integrated activities is not a business. The IFRS 3 Amendment is effective for business combinations occurring on or after the beginning of the first annual reporting period beginning on or after January 1, 2020. The Company early adopted IFRS 3 as of February 1, 2020. The adoption did not have a material impact on the consolidated financial statements. </td> </tr> <tr> <td style="width: 36pt;"> </td> <td style="width: auto;"> New and Revised Standards and Interpretations to be Adopted </td> </tr> <tr> <td style="width: 36pt;"> </td> <td style="width: auto;"> The following is a summary of the new standards issued but not yet effective: </td> </tr> <tr> <td style="width: 36pt;"> </td> <td style="width: auto;"> i. Amendments to IAS 1: Classification of Liabilities as Current or Non-Current </td> </tr> <tr> <td style="width: 36pt;"> </td> <td style="width: auto;"> In January 2020, the IASB issued Classification of Liabilities as Current or Non-current (“Amendments to IAS 1”). The Amendments to IAS 1 aim to promote consistency in applying the requirements by helping companies determine whether, in the statement of financial position, debt and other liabilities with an uncertain settlement date should be classified as current (due or potentially due to be settled within one year) or non-current. The Amendments to IAS 1 include clarifying the classification requirements for debt a company might settle by converting it into equity. The Amendments to IAS 1 are effective for annual reporting periods beginning on or after January 1, 2022, with earlier application permitted. </td> </tr> <tr> <td style="width: 36pt;"> </td> <td style="width: auto;"> ii. Amendments to IAS 37: Onerous Contracts – Cost of Fulfilling a Contract </td> </tr> <tr> <td style="width: 36pt;"> </td> <td style="width: auto;"> In May 2020, the IASB issued Onerous Contracts – Cost of Fulfilling a Contract (“Amendments to IAS 37”) amending the standard regarding costs a company should include as the cost of fulfilling a contract when assessing whether a contract is onerous. The amendment is effective for annual reporting periods beginning on or after January 1, 2022. </td> </tr> <tr> <td style="width: 36pt;"> </td> <td style="width: auto;"> </td> </tr> </table>

<div> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td> Significant accounting judgments, estimates and assumptions </td> </tr> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td> </td> </tr> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td> The preparation of the Company's financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the reported amounts of assets, liabilities and contingent liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Estimates and assumptions are continuously evaluated and are based on management's experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from those estimates and judgments. </td> </tr> </table> <div> <div> Areas requiring a significant degree of estimation and judgment relate to the determination of business combinations, impairment of long-lived assets, biological assets and inventory, fair value measurements, useful lives, depreciation and amortization of property, equipment and intangible assets, the recoverability and measurement of deferred tax assets and liabilities and share-based compensation. i. Business combinations Judgment is used in determining whether the Company's acquisition is considered a business combination or an asset acquisition. Additionally, judgment is required to assess whether any amounts paid on the achievement of agreed upon milestones represents contingent consideration or compensation for post-acquisition services. Judgment is also required to assess whether contingent consideration arising from an acquisition should be classified as a liability or equity. Contingent consideration classified as equity is not remeasured at subsequent reporting dates and its subsequent settlement by the Company is accounted for within equity. <div> </div> Contingent consideration classified as a liability is remeasured at subsequent reporting dates in accordance with IFRS 9 -Financial Instruments, or IAS 37 - Provisions, Contingent Liabilities and Contingent Assets. </div> </div> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td colspan="2" style="vertical-align: top;"> ii. Impairment of long-lived assets </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td colspan="2" style="vertical-align: top;"> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td colspan="2"> When there are indications that an asset may be impaired, the Company is required to estimate the asset's recoverable amount. The recoverable amount is the greater of value-in-use and fair value less costs of disposal. Determining the value-in-use requires the Company to estimate expected future cash flows associated with the assets and a suitable discount rate in order to calculate present value. At January 31, 2020, as a result of this review, the Company's assessment of the goodwill associated with the Oregon CGU indicated an impairment in value. The goodwill and intangibles of the Oregon CGU has therefore been written down by $22,375,225 (goodwill) and $1,536,260 (intangible assets) see Note 10. There was no such impairment during the year ended January 31, 2021. </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td colspan="2" style="text-align: right; vertical-align: top;"> iii. Biological assets and inventories </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td colspan="2"> In calculating the value of the biological assets and inventory, management is required to make a number of estimates, including estimating the stage of growth of cannabis up to the point of harvest, harvesting costs, selling costs, sales price, wastage and expected yields for the cannabis plant. In calculating final inventory values, management is required to determine an estimate of spoiled or expired inventory and compare the inventory cost versus net realizable value. The Company's estimates are, by their nature, subject to change. Changes in the anticipated yield or quality will be reflected in future changes in the gain or loss on biological assets. </td> </tr> <tr> <td colspan="2"> </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td colspan="2"> Effective July 1, 2019 the Company has begun utilizing the Nevada Department of Taxation ("NDOT") determined wholesale fair market value for the period of future sales in order to calculate the expected selling price of its biological assets at its Nevada operations. Previously, the Company relied on observational inputs in the Nevada market, but the Company believes the NDOT observed values are more consistent and has observed peer issuers adopting the same valuation input. </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td colspan="2" style="vertical-align: top;"> iv. Fair value measurements </td> </tr> <tr> <td style="width: 36pt; text-align: justify;"> </td> <td colspan="2"> Certain assets and liabilities held by the Company are measured at fair value. In estimating fair value, the Company uses market-observable data to the extent that such data is available. In certain situations where Level 1 inputs are not available, the Company makes an estimate or engages qualified, third-party valuators to perform the valuation. </td> </tr> </table> <div> <div> v. Estimated useful lives and depreciation and amortization of property, equipment and intangible assets The Company's depreciation and amortization of property, equipment and intangible assets are dependent on the estimation of the assets' useful lives, which requires management to exercise judgment. The Company's assessment of any impairment of assets is dependent on its estimation of recoverable amounts that consider various factors, including market and economic conditions and the assets' useful lives. <div> </div> vii. Share-based compensation The Company uses the Black-Scholes option pricing model to measure share-based compensation. The Company's estimate of share-based compensation is dependent on measurement inputs including the share price on measurement date, exercise price of the option, volatility, risk-free rate, expected dividends, and the expected life. viii. Convertible notes The identification of convertible note components is based on interpretations of the substance of the contractual arrangement and therefore requires judgement from management. </div> </div> </div>

22375225

1536260

<div> 3. ACQUISITION OF PHANTOM FARMS On February 4, 2019, the Company acquired all membership units of Phantom Farms, which encompasses the following limited liability companies: Phantom Venture Group, LLC, Phantom Distribution, LLC, 63353 Bend, LLC, 20727-4 Bend, LLC, 4964 BFH, LLC, and Phantom Brands, LLC. Phantom Farms has outdoor cannabis cultivation facilities in southern Oregon and a wholesale distribution warehouse, an extraction laboratory and an indoor grow facility in central Oregon. The Company acquired Phantom Farms for total consideration of $10,539,260 comprised of cash deposits on closing of $3,200,000, a promissory note for $290,000, common shares issued in the amount of $2,507,138, share purchase warrants issued in the amount of $793,745, and an earnout valued at $3,748,377. The purchase price and allocation of the purchase price is as follows: <div> <div style="text-align: start; margin-left: 48px;"> <div> <div> <div> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap;">- $ -</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Cash</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">13,121</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Receivables</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">166,346</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Inventory</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">884,113</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Biological assets</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">75,499</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Other assets</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">52,234</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Property and equipment</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">92,501</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Right-of-use asset</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">2,251,451</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Lease liability</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">(2,251,451</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Brand</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">622,308</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Customer relationships</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">581,616</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Licenses</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">156,750</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Goodwill</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">8,009,248</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Accounts payable and accrued liabilities</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">(114,476</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #ffffff;">Total assets and liabilities acquired</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">10,539,260</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Cash deposits on closing date</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">3,200,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Common shares issued</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">2,507,138</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Stock warrants issued **</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">793,745</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Consideration payable *</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">3,748,377</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Promissory note payable</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">290,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #ffffff;">Total consideration</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">10,539,260</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table> </div> </div> </div> </div> *all of the consideration payable was recognized as derivative liability (Note 17) **fair value based on acquisition date share price of $1.23, exercise price of $1.50, expected life of 2 years, volatility of 102.6%, risk free rate of 2.50% </div> <div> </div> In an agreement signed contemporaneously, with the Phantom Farms acquisition, the Company committed to purchase SDP Development Group, LLC ("SDP") on October 15, 2020, which owned six real estate properties used in connection with Phantom Farms' cannabis cultivation, processing and distribution operations. On February 19, 2020, the Company amended the terms of the purchase of Phantom Farms and related companies, including SDP. The amended terms of the purchase agreement regarding the real estate assets of SDP group resulted in the Company electing to purchase the real estate of the Phantom Farms outdoor grow (two parcels), and SDP receiving 7,132,042 shares of C21 with a fair value of $2,582,903 (Note 18). The consideration exceeded the fair market value of land acquired of $1,378,163 and as a result, the Company recorded acquisition reorganization costs of $1,204,740. At January 31, 2020, it was determined that the goodwill amounts for Phantom were impaired and should be written off. The Company has written off $8,009,248 of goodwill in relation to Phantom for the year ended January 31, 2020 (Note 10). </div>

10539260

3200000

290000

2507138

793745 3748377

<div> <div style="text-align: start; margin-left: 48px;"> <div> <div> <div> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap;">- $ -</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Cash</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">13,121</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Receivables</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">166,346</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Inventory</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">884,113</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Biological assets</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">75,499</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Other assets</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">52,234</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Property and equipment</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">92,501</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Right-of-use asset</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">2,251,451</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Lease liability</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">(2,251,451</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Brand</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">622,308</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Customer relationships</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">581,616</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Licenses</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">156,750</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Goodwill</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">8,009,248</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Accounts payable and accrued liabilities</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">(114,476</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #ffffff;">Total assets and liabilities acquired</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">10,539,260</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Cash deposits on closing date</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">3,200,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Common shares issued</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">2,507,138</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Stock warrants issued **</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">793,745</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Consideration payable *</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">3,748,377</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Promissory note payable</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">290,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #ffffff;">Total consideration</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">10,539,260</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table> </div> </div> </div> </div> *all of the consideration payable was recognized as derivative liability (Note 17) **fair value based on acquisition date share price of $1.23, exercise price of $1.50, expected life of 2 years, volatility of 102.6%, risk free rate of 2.50% </div>

13121

166346

884113

75499

52234

92501

2251451

622308 581616 156750

8009248

114476

10539260

3200000

2507138 793745 3748377 290000

10539260

1.23 1.5 P2Y 1.026 0.025

7132042

2582903

1378163

1204740

8009248

<div> 4. ACQUISITION OF SWELL COMPANIES On May 24, 2019, the Company acquired all the common shares held in Swell Companies Limited ("Swell"). Swell operates an extraction laboratory, manufacturing, and wholesale facility in Oregon. The Company acquired Swell for total consideration of $18,812,683 comprised of cash deposits and notes receivable of $5,050,000, a convertible promissory note for $1,000,000, assumed liabilities of $1,070,907, common shares issued in the amount of $1,130,363, stock warrants issued in the amount of $786,284, and consideration payable of $9,775,129. The purchase price and allocation of the purchase price is as follows: <div> <div style="margin-left: 48px; text-align: start;"> <table border="0" style="width: 100%; border-collapse: collapse; font-size: 13px; border: 0px;"> <tr style="background-color: #ffffff;"> <td style="border-bottom: 2px solid #000000; vertical-align: bottom; border-top: 1px solid #000000; background-color: #ffffff; padding-left: 5.4pt;"> </td> <td style="border-bottom: 2px solid #000000; text-align: center; vertical-align: bottom; border-top: 1px solid #000000; background-color: #ffffff;"> </td> <td style="border-bottom: 2px solid #000000; vertical-align: bottom; border-top: 1px solid #000000; background-color: #ffffff; width: 12%; text-align: right;">- $ -</td> <td style="border-bottom: 2px solid #000000; text-align: center; vertical-align: bottom; border-top: 1px solid #000000; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; background-color: #f2f2f2; padding-left: 5.4pt;">Cash</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #f2f2f2;">173,422</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; background-color: #ffffff; padding-left: 5.4pt;">Receivables</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #ffffff;">160,801</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; background-color: #f2f2f2; padding-left: 5.4pt;">Inventory</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #f2f2f2;">2,069,349</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; background-color: #ffffff; padding-left: 5.4pt;">Other assets</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #ffffff;">13,565</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; background-color: #f2f2f2; padding-left: 5.4pt;">Property and equipment</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #f2f2f2;">1,152,519</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; background-color: #ffffff; padding-left: 5.4pt;">Right-of-use asset</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #ffffff;">611,890</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; background-color: #f2f2f2; padding-left: 5.4pt;">Lease liability</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #f2f2f2;">(611,890</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; background-color: #ffffff; padding-left: 5.4pt;">Brand</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #ffffff;">709,496</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; background-color: #f2f2f2; padding-left: 5.4pt;">Customer relationships</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #f2f2f2;">592,852</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; background-color: #ffffff; padding-left: 5.4pt;">Licenses</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #ffffff;">915,000</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; background-color: #f2f2f2; padding-left: 5.4pt;">Goodwill</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #f2f2f2;">13,676,649</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="border-bottom: 1px solid #000000; vertical-align: bottom; background-color: #ffffff; padding-left: 5.4pt;">Accounts payable and accrued liabilities</td> <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 12px; text-align: left; background-color: #ffffff;"> </td> <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 218px; text-align: right; background-color: #ffffff;">(650,970</td> <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 25px; text-align: left; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="border-bottom: 2px solid #000000; vertical-align: bottom; background-color: #f2f2f2; padding-left: 5.4pt;">Total assets and liabilities acquired</td> <td style="border-bottom: 2px solid #000000; vertical-align: bottom; width: 12px; text-align: left; background-color: #f2f2f2;"> </td> <td style="border-bottom: 2px solid #000000; vertical-align: bottom; width: 218px; text-align: right; background-color: #f2f2f2;">18,812,683</td> <td style="border-bottom: 2px solid #000000; vertical-align: bottom; width: 25px; text-align: left; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; background-color: #ffffff; padding-left: 5.4pt;">Cash deposits and notes receivable</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #ffffff;">5,050,000</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; background-color: #f2f2f2; padding-left: 5.4pt;">Convertible promissory note</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #f2f2f2;">1,000,000</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; background-color: #ffffff; padding-left: 5.4pt;">Liabilities assumed</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #ffffff;">1,070,907</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; background-color: #f2f2f2; padding-left: 5.4pt;">Common shares issued</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #f2f2f2;">1,130,363</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; background-color: #ffffff; padding-left: 5.4pt;">Stock warrants issued**</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #ffffff;">786,284</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="border-bottom: 1px solid #000000; vertical-align: bottom; background-color: #f2f2f2; padding-left: 5.4pt;">Consideration payable *</td> <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 12px; text-align: left; background-color: #f2f2f2;"> </td> <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 218px; text-align: right; background-color: #f2f2f2;">9,775,129</td> <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 25px; text-align: left; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="border-bottom: 2px solid #000000; vertical-align: bottom; background-color: #ffffff; padding-left: 5.4pt;">Total consideration</td> <td style="border-bottom: 2px solid #000000; vertical-align: bottom; width: 12px; text-align: left; background-color: #ffffff;"> </td> <td style="border-bottom: 2px solid #000000; vertical-align: bottom; width: 218px; text-align: right; background-color: #ffffff;">18,812,683</td> <td style="border-bottom: 2px solid #000000; vertical-align: bottom; width: 25px; text-align: left; background-color: #ffffff;"> </td> </tr> </table> </div> *consideration payable includes $4,707,370 of derivative liabilities (Note 17) **fair value based on acquisition date share price of $1.20, exercise price of $1.50, expected life of 5 years, volatility of 102.6%, risk free rate of 2.16% </div> <div> </div> </div> During the year ended January 31, 2020, the Company finalized an agreement with the former owners Swell Companies Limited (the "Swell Vendors") to amend the terms of the Company's forward-cash obligations to the Swell Vendors. Pursuant to the terms of the amended agreement: (a) the cash sum due to the Swell Vendors through September 2019 under the original agreement, in the amount of $850,000 and interest of $91,369, was paid by the Company on January 4, 2021; and (b) the sum of $7,350,000 due to the Swell Vendors on May 24, 2021 under the original agreement, including the Swell Vendors' option to receive $5,000,000 of such sum in cash, will be satisfied in full by the issuance of 7,015,238 common shares of C21. The shares were issued into escrow on December 27, 2019 and will be released as follows: (a) twenty-five percent (25%) four-months-and-a-day from October 4, 2019; and (b) the remainder of the shares in three equal instalments of one-third every four months thereafter. At the acquisition date, consideration payable included derivative liabilities of $4,707,370, cash consideration payable of $846,256 and commitment to issue shares of $4,221,503. At January 31, 2020, it was determined that the goodwill and intangible amounts for Swell were impaired and should be written off. The Company has written off $13,676,649 of goodwill and $1,536,260 of intangibles for the year ended January 31, 2020 (Note 10).

18812683

5050000

1000000

1070907

1130363

786284 9775129

<div> <div style="margin-left: 48px; text-align: start;"> <table border="0" style="width: 100%; border-collapse: collapse; font-size: 13px; border: 0px;"> <tr style="background-color: #ffffff;"> <td style="border-bottom: 2px solid #000000; vertical-align: bottom; border-top: 1px solid #000000; background-color: #ffffff; padding-left: 5.4pt;"> </td> <td style="border-bottom: 2px solid #000000; text-align: center; vertical-align: bottom; border-top: 1px solid #000000; background-color: #ffffff;"> </td> <td style="border-bottom: 2px solid #000000; vertical-align: bottom; border-top: 1px solid #000000; background-color: #ffffff; width: 12%; text-align: right;">- $ -</td> <td style="border-bottom: 2px solid #000000; text-align: center; vertical-align: bottom; border-top: 1px solid #000000; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; background-color: #f2f2f2; padding-left: 5.4pt;">Cash</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #f2f2f2;">173,422</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; background-color: #ffffff; padding-left: 5.4pt;">Receivables</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #ffffff;">160,801</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; background-color: #f2f2f2; padding-left: 5.4pt;">Inventory</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #f2f2f2;">2,069,349</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; background-color: #ffffff; padding-left: 5.4pt;">Other assets</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #ffffff;">13,565</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; background-color: #f2f2f2; padding-left: 5.4pt;">Property and equipment</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #f2f2f2;">1,152,519</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; background-color: #ffffff; padding-left: 5.4pt;">Right-of-use asset</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #ffffff;">611,890</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; background-color: #f2f2f2; padding-left: 5.4pt;">Lease liability</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #f2f2f2;">(611,890</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; background-color: #ffffff; padding-left: 5.4pt;">Brand</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #ffffff;">709,496</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; background-color: #f2f2f2; padding-left: 5.4pt;">Customer relationships</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #f2f2f2;">592,852</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; background-color: #ffffff; padding-left: 5.4pt;">Licenses</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #ffffff;">915,000</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; background-color: #f2f2f2; padding-left: 5.4pt;">Goodwill</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #f2f2f2;">13,676,649</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="border-bottom: 1px solid #000000; vertical-align: bottom; background-color: #ffffff; padding-left: 5.4pt;">Accounts payable and accrued liabilities</td> <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 12px; text-align: left; background-color: #ffffff;"> </td> <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 218px; text-align: right; background-color: #ffffff;">(650,970</td> <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 25px; text-align: left; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="border-bottom: 2px solid #000000; vertical-align: bottom; background-color: #f2f2f2; padding-left: 5.4pt;">Total assets and liabilities acquired</td> <td style="border-bottom: 2px solid #000000; vertical-align: bottom; width: 12px; text-align: left; background-color: #f2f2f2;"> </td> <td style="border-bottom: 2px solid #000000; vertical-align: bottom; width: 218px; text-align: right; background-color: #f2f2f2;">18,812,683</td> <td style="border-bottom: 2px solid #000000; vertical-align: bottom; width: 25px; text-align: left; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; background-color: #ffffff; padding-left: 5.4pt;">Cash deposits and notes receivable</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #ffffff;">5,050,000</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; background-color: #f2f2f2; padding-left: 5.4pt;">Convertible promissory note</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #f2f2f2;">1,000,000</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; background-color: #ffffff; padding-left: 5.4pt;">Liabilities assumed</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #ffffff;">1,070,907</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; background-color: #f2f2f2; padding-left: 5.4pt;">Common shares issued</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #f2f2f2;">1,130,363</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; background-color: #ffffff; padding-left: 5.4pt;">Stock warrants issued**</td> <td style="vertical-align: bottom; width: 12px; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; width: 218px; text-align: right; background-color: #ffffff;">786,284</td> <td style="vertical-align: bottom; width: 25px; text-align: left; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="border-bottom: 1px solid #000000; vertical-align: bottom; background-color: #f2f2f2; padding-left: 5.4pt;">Consideration payable *</td> <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 12px; text-align: left; background-color: #f2f2f2;"> </td> <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 218px; text-align: right; background-color: #f2f2f2;">9,775,129</td> <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 25px; text-align: left; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="border-bottom: 2px solid #000000; vertical-align: bottom; background-color: #ffffff; padding-left: 5.4pt;">Total consideration</td> <td style="border-bottom: 2px solid #000000; vertical-align: bottom; width: 12px; text-align: left; background-color: #ffffff;"> </td> <td style="border-bottom: 2px solid #000000; vertical-align: bottom; width: 218px; text-align: right; background-color: #ffffff;">18,812,683</td> <td style="border-bottom: 2px solid #000000; vertical-align: bottom; width: 25px; text-align: left; background-color: #ffffff;"> </td> </tr> </table> </div> *consideration payable includes $4,707,370 of derivative liabilities (Note 17) **fair value based on acquisition date share price of $1.20, exercise price of $1.50, expected life of 5 years, volatility of 102.6%, risk free rate of 2.16% </div>

173422

160801

2069349

13565

1152519

611890

709496 592852 915000

13676649

650970

18812683

5050000

1000000

1070907

1130363 786284 9775129

18812683

4707370

1.2 1.5 P5Y 1.026 0.0216

850000

91369 7350000 5000000

7015238

0.25

4707370

846256 4221503

13676649

1536260

5. RESTRICTED CASH The Company has cash on deposit with the Alberta Energy Regulator ("AER") under the AER's Liability Management programs to cover potential liabilities relating to its wells. The required security deposit with the AER is determined based on a monthly licensee management rating assessment.

6. RECEIVABLES <div> <div style="margin-left: 48px;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-color: #000000; font-size: 10pt; width: 100%;"> <tr> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; text-align: right; width: 70%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: center; width: 12%;">January 31, 2021</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: center; width: 2%;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; width: 1%;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; width: 12%;">January 31, 2020</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; width: 2%;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; width: 70%; background-color: #ffffff;">Taxes receivable</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">27,995</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">22,014</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; width: 70%; background-color: #ffffff;">Trade receivables, net</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">181,877</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">421,108</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; width: 70%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">209,872</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">443,122</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table> </div> </div> Accounts receivable more than 90 days past due totaled $1,975 at January 31, 2021 (January 31, 2020 - $40,911).

<div> <div style="margin-left: 48px;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-color: #000000; font-size: 10pt; width: 100%;"> <tr> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; text-align: right; width: 70%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: center; width: 12%;">January 31, 2021</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: center; width: 2%;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; width: 1%;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; width: 12%;">January 31, 2020</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; width: 2%;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; width: 70%; background-color: #ffffff;">Taxes receivable</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">27,995</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">22,014</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; width: 70%; background-color: #ffffff;">Trade receivables, net</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">181,877</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">421,108</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; width: 70%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">209,872</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">443,122</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table> </div> </div>

27995

22014

181877

421108

209872

443122

1975 40911

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Balance, January 31, 2019</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">1,870,540</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; border-top: 0.75pt solid black;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Acquired biological assets</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">75,499</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Increase in biological assets due to capitalized costs</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">7,615,455</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Fair value adjustment on biological assets</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">1,243,340</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #f2f2f2;">Transferred to inventory upon harvest</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">(9,396,563</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #ffffff;">Balance, January 31, 2020</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">1,408,271</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Increase in biological assets due to capitalized costs</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">9,504,528</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Fair value adjustment on biological assets</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">1,618,306</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #f2f2f2;">Transferred to inventory upon harvest</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">(11,190,323</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #ffffff;">Balance, January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">1,340,782</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table>

1870540

75499

7615455

1243340

9396563

1408271

9504528

1618306

11190323

1340782

For in process biological assets, the fair value at point of harvest is adjusted based on the stage of growth. As at January 31, 2021, on average, the biological assets were 50% complete as to the next expected harvest date.

<div> <div> <div> <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt;"> <tr> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap;"> </td> <td style="width: 16%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap;"> </td> <td style="width: 1%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap;"> </td> <td colspan="3" style="width: 35%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap;"> Effect on Fair Value as of January 31: </td> </tr> <tr> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap;"> Significant Inputs and Assumptions </td> <td style="width: 16%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap;"> Range of Inputs </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap;"> Sensitivity </td> <td style="background-color: #ffffff; width: 1%; vertical-align: top; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; white-space: nowrap;"> </td> <td style="background-color: #ffffff; width: 15%; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; white-space: nowrap;"> 2021 </td> <td style="background-color: #ffffff; width: 1%; vertical-align: top; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; white-space: nowrap;"> </td> <td style="background-color: #ffffff; width: 14%; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; white-space: nowrap;"> 2020 </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; border-top: 1.5pt solid #000000; background-color: #f2f2f2;"> Selling Price Per </td> <td style="width: 16%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; border-top: 1.5pt solid #000000; background-color: #f2f2f2;"> $0.93 to $4.63 </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2;"> Increase 5% </td> <td style="width: 1%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; background-color: #f2f2f2;"> $ </td> <td style="width: 15%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2;"> 484,951 </td> <td style="width: 1%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; background-color: #f2f2f2;"> $ </td> <td style="width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2;"> 71,297 </td> </tr> <tr style="background-color: #ffffff;"> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff;"> Gram </td> <td style="width: 16%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> Decrease 5% </td> <td style="width: 1%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-align: left; background-color: #ffffff;"> $ </td> <td style="width: 15%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> (484,951) </td> <td style="width: 1%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-align: left; background-color: #ffffff;"> $ </td> <td style="width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> (71,658) </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #f2f2f2;"> Estimated Yield Per </td> <td style="width: 16%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #f2f2f2;"> 80.4 to 194.6 grams </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> Increase 5% </td> <td style="width: 1%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-align: left; background-color: #f2f2f2;"> $ </td> <td style="width: 15%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> 484,951 </td> <td style="width: 1%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-align: left; background-color: #f2f2f2;"> $ </td> <td style="width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> 70,423 </td> </tr> <tr style="background-color: #ffffff;"> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; border-bottom: 1.5pt solid #000000; background-color: #ffffff;"> Cannabis Plant </td> <td style="width: 16%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; border-bottom: 1.5pt solid #000000; background-color: #ffffff;"> </td> <td style="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; background-color: #ffffff;"> Decrease 5% </td> <td style="width: 1%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #ffffff;"> $ </td> <td style="width: 15%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; background-color: #ffffff;"> (484,951) </td> <td style="width: 1%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #ffffff;"> $ </td> <td style="width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; background-color: #ffffff;"> (70,423) </td> </tr> </table> </div> </div> </div> </div> 0.93 4.63 484951 71297 -484951 -71658 80.4 194.6 484951 70423 -484951 -70423 3841464 4642080

<div> <div> 8. INVENTORY <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: center; white-space: nowrap;">January 31, 2021</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">January 31, 2020</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #ffffff;">Finished goods</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">2,166,616</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">3,878,754</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #ffffff;">Work in progress</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">3,251,110</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">2,313,089</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">5,417,726</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">6,191,843</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table> </div> </div> </div> <div> <div> Inventories expensed to cost of sales during the year ended January 31, 2021 was $19,052,681 (year ended January 31, 2020 - $25,810,389). In addition, during the year ended January 31, 2021, the company recognized a gain of $8,365,616 for the realized fair value adjustment on inventory sold (year ended January 31, 2020 - gain of $5,292,763). Impairment of inventory of $1,384,922 was recorded for the year ended January 31, 2021 related to Swell inventories. </div> </div>

2166616

3878754

3251110

2313089

5417726

6191843

19052681

25810389

8365616 5292763

1384922

<div> 9. PROPERTY AND EQUIPMENT <div> <div> <div> <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; height: 14px;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;">Land and building</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;">Leasehold improvements</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;">Furniture & fixtures</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;">Computer equipment</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;">Machinery & equipment</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;">Total</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;">Cost</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #ffffff; height: 14px;">Balance, January 31, 2019</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">1,459,795</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">478,864</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">96,785</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">429,664</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">2,465,108</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2; height: 14px;">Assets from acquisition</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">522,279</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">50,388</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">25,846</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">646,507</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">1,245,020</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; height: 14px;">Additions</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">4,675,389</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">97,956</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">12,350</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">560,328</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">5,346,023</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2; height: 14px;">Impairment</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(3,305,176</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(709,064</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(125,282</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(4,139,522</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #ffffff; height: 14px;">Balance, January 31, 2020</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">1,370,213</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">1,370,966</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">416,320</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">122,631</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">1,636,499</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">4,916,629</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2; height: 14px;">Additions</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">1,330,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">8,338</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">53,836</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">28,687</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">136,916</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">1,557,777</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; height: 14px;">Category reclassification</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(324,371</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">324,371</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2; height: 14px;">Classified as held for sale</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(792,467</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(87,957</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(40,708</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(557,882</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(1,479,014</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; height: 14px;">Disposals</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(17,994</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(5,992</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(15,764</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(278,564</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(318,314</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #f2f2f2; height: 14px;">Balance, January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">2,700,213</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">244,472</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">376,207</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">94,846</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">1,261,340</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">4,677,078</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2; height: 14px;">Accumulated Depreciation</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #ffffff; height: 14px;">Balance, January 31, 2019</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(301,583</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(65,074</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(7,619</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(8,822</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(383,098</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2; height: 14px;">Depreciation expense</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(128,225</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(214,331</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(88,667</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(52,324</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(215,853</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(699,400</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #ffffff; height: 14px;">Balance, January 31, 2020</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(128,225</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(515,914</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(153,741</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(59,943</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(224,675</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(1,082,498</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2; height: 14px;">Depreciation expense</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(73,847</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(129,976</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(65,962</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(19,777</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(341,256</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(630,818</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; height: 14px;">Category reclassification</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">128,319</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(128,319</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2; height: 14px;">Classified as held for sale</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">427,528</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">57,125</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">26,378</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">240,551</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">751,582</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #ffffff; height: 14px;">Disposals</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">-</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">3,549</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">3,650</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">9,152</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">185,082</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">201,433</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #f2f2f2; height: 14px;">Balance, January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(202,072</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(86,494</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(158,928</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(44,190</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(268,617</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(760,301</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #ffffff; height: 14px;">Carrying amount, Jan. 31, 2020</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">1,241,988</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">855,052</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">262,579</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">62,688</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">1,411,824</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">3,834,131</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;">Carrying amount, Jan. 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">2,498,141</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">157,978</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">217,279</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">50,656</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">992,723</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">3,916,777</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> </tr> </table> </div> </div> Total depreciation expense for the year ended January 31, 2021 was $630,818 (year ended January 31, 2020 - $699,400). Of the total expense, $390,344 was allocated to inventory (2020 - $479,662). </div> During the year ended January 31, 2021, the Company recorded a loss of $116,881 related to the disposal of various items of leasehold improvements, furniture and fixtures, computer equipment and machinery and equipment related to the Oregon operations. The cost of the property and equipment disposed of was $318,314 and accumulated amortization was $201,433. There was $nil gross proceeds and the loss has been recorded as impairment of capital assets. During the year ended January 31, 2021, the Company transferred lights and equipment with a cost of $324,371 and accumulated depreciation of $128,319 between operating units resulting in a classification change from leasehold improvements to machinery and equipment. At January 31, 2021, the Company reclassified property and equipment with a cost of $1,479,014 and accumulated depreciation of $751,582 to assets to held to sale. The assets consisted primarily of redundant processing and extraction equipment as well as leasehold improvements and fixtures in a right of use asset. Management estimated the fair value less costs to sell exceeds the carrying value and therefore the assets are measured at their carrying values. On February 19, 2020, the Company amended the terms of the purchase of Phantom Farms and related companies, including SDP. The amended terms of the purchase agreement regarding the real estate assets of SDP group resulted in the Company electing to purchase the real estate of the Phantom Farms outdoor grow (two parcels), and SDP receiving 7,132,042 shares of C21 with a fair value of $2,582,903 (Note 18). The consideration exceeded the fair market value of land acquired and as a result, the Company recorded acquisition reorganization costs of $1,204,740. During the year ended January 31, 2020, the Company recognized impairment charge of $4,139,522 related to the Oregon CGU as the estimated recoverable amount was less than the carrying amount. There were no such impairments for the year ended January 31, 2021. </div> </div>

<div> <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; height: 14px;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;">Land and building</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;">Leasehold improvements</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;">Furniture & fixtures</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;">Computer equipment</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;">Machinery & equipment</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;">Total</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center; height: 14px;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;">Cost</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #ffffff; height: 14px;">Balance, January 31, 2019</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">1,459,795</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">478,864</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">96,785</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">429,664</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">2,465,108</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2; height: 14px;">Assets from acquisition</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">522,279</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">50,388</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">25,846</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">646,507</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">1,245,020</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; height: 14px;">Additions</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">4,675,389</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">97,956</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">12,350</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">560,328</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">5,346,023</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2; height: 14px;">Impairment</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(3,305,176</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(709,064</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(125,282</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(4,139,522</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #ffffff; height: 14px;">Balance, January 31, 2020</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">1,370,213</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">1,370,966</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">416,320</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">122,631</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">1,636,499</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">4,916,629</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2; height: 14px;">Additions</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">1,330,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">8,338</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">53,836</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">28,687</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">136,916</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">1,557,777</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; height: 14px;">Category reclassification</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(324,371</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">324,371</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2; height: 14px;">Classified as held for sale</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(792,467</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(87,957</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(40,708</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(557,882</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(1,479,014</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; height: 14px;">Disposals</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(17,994</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(5,992</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(15,764</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(278,564</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(318,314</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #f2f2f2; height: 14px;">Balance, January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">2,700,213</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">244,472</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">376,207</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">94,846</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">1,261,340</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">4,677,078</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2; height: 14px;">Accumulated Depreciation</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #ffffff; height: 14px;">Balance, January 31, 2019</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(301,583</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(65,074</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(7,619</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(8,822</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(383,098</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2; height: 14px;">Depreciation expense</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(128,225</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(214,331</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(88,667</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(52,324</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(215,853</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(699,400</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #ffffff; height: 14px;">Balance, January 31, 2020</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(128,225</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(515,914</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(153,741</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(59,943</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(224,675</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(1,082,498</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2; height: 14px;">Depreciation expense</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(73,847</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(129,976</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(65,962</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(19,777</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(341,256</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(630,818</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; height: 14px;">Category reclassification</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">128,319</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">(128,319</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2; height: 14px;">Classified as held for sale</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">427,528</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">57,125</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">26,378</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">240,551</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">751,582</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #ffffff; height: 14px;">Disposals</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">-</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">3,549</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">3,650</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">9,152</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">185,082</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">201,433</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #f2f2f2; height: 14px;">Balance, January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(202,072</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(86,494</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(158,928</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(44,190</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(268,617</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">(760,301</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #ffffff; height: 14px;">Carrying amount, Jan. 31, 2020</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">1,241,988</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">855,052</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">262,579</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">62,688</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">1,411,824</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff; height: 14px;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #ffffff; height: 14px;">3,834,131</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff; height: 14px;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; background-color: #f2f2f2; height: 14px;">Carrying amount, Jan. 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">2,498,141</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">157,978</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">217,279</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">50,656</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">992,723</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2; height: 14px;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2; height: 14px;">3,916,777</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2; height: 14px;"> </td> </tr> </table> </div> </div>

1459795

478864

96785

429664

2465108

522279

50388

25846

646507

1245020

4675389

97956

12350

560328

5346023

3305176

709064

125282

4139522

1370213

1370966

416320

122631

1636499

4916629

1330000

8338

53836

28687

136916

1557777

-324371

324371

792467

87957

40708

557882

1479014

17994

5992

15764

278564

318314

2700213

244472

376207

94846

1261340

4677078

-0

-301583

-65074

-7619

-8822

-383098

128225

214331

88667

52324

215853

699400

-128225

-515914

-153741

-59943

-224675

-1082498

73847

129976

65962

19777

341256

630818

128319

-128319

-0

-427528

-57125

-26378

-240551

-751582

-3549

-3650

-9152

-185082

-201433

-202072

-86494

-158928

-44190

-268617

-760301

1241988

855052

262579

62688

1411824

3834131

2498141

157978

217279

50656

992723

3916777

630818

699400

390344 479662

116881

318314

-201433

-751582

7132042

2582903

1204740

4139522

<div> 10. INTANGIBLE ASSETS AND GOODWILL <div> <div> <div> <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 8pt; border-color: #000000;"> <tr> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">Licenses</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">Branding</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">Customer relationships</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">Start up costs</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">Total</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000;">Cost</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Balance, January 31, 2019</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">12,060,274</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">1,540,447</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">7,783</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">13,608,504</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Additions from acquisitions</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">1,071,750</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">1,331,804</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">1,174,468</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">3,578,022</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #f2f2f2;">Impairment of intangibles</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(428,626</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(391,759</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(715,875</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(1,536,260</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #ffffff;">Balance, January 31, 2020</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">12,703,398</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">940,045</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">1,999,040</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">7,783</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">15,650,266</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Category reclassification</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(337,082</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">46,674</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">287,249</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">3,159</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Classified as held for sale</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">(224,840</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">(164,226</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">(10,942</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">(400,008</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #f2f2f2;">Disposals</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(117,737</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(117,737</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #ffffff;">Balance, January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">12,141,476</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">868,982</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">2,122,063</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">15,132,521</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Accumulated Amortization</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Balance, January 31, 2019</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(214,171</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(25,674</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(79</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(239,924</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Amortization expense</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">(2,228,051</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">(33,295</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">(443,641</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">(729</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">(2,705,716</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Balance, January 31, 2020</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(2,442,222</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(33,295</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(469,315</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(808</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(2,945,640</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #ffffff;">Amortization expense</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">(1,154,808</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">(95,053</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">(213,939</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">(729</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">(1,464,529</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Category reclassification</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2;">76,557</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2;">(46,674</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2;">(26,845</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2;">(3,038</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Classified as held for sale</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">98,043</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">115,254</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">4,575</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">217,872</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #f2f2f2;">Disposals</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">17,737</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">17,737</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #ffffff;">Balance, January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">(3,422,430</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">(157,285</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">(594,845</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">(4,174,560</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2;">Carrying amount, January 31, 2020</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">10,261,176</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">906,750</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">1,529,725</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">6,975</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">12,704,626</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; background-color: #ffffff;">Carrying amount, January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">8,719,046</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">711,697</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">1,527,218</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">10,957,961</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table> </div> </div> </div> Total amortization expense from intangible assets for the year ended January 31, 2021 was $1,464,528 (year ended January 31, 2020 - $2,705,716). Of the total expense, $47,160 was allocated to inventory (2020 - $119,310). During the year ended January 31, 2021, the Company sold a brand for $100,000. At the time of the sale, the brand had a carrying amount of $100,000 comprised of cost of $117,747 and accumulated depreciation of $17,737. As the proceeds were consistent with the carrying amount there was no gain or loss recognized on the disposal. At January 31, 2021, the Company reclassified intangible assets with a cost of $400,008 and accumulated depreciation of $217,872 to held for sale. The intangible assets classified as held for sale consist of licenses, customer lists, and startup costs associated with a right of use asset that has also been classified as held for sale. Management estimated the fair value less costs to sell exceeds the carrying value and therefore the assets are measured at their carrying values. The continuity of goodwill for the years ended January 31, 2021, and 2020 is as follows: <div> <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Phantom Farms (Oregon)</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Silver State Companies (Nevada)</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Megawood Enterprises (Oregon)</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Swell Companies (Oregon)</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Total</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Balance, January 31, 2019</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">28,541,323</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">689,328</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">29,230,651</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Additions from acquisitions</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">8,009,248</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">13,676,649</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">21,685,897</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Impairment of Goodwill</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2;">(8,009,248</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2;">(689,328</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2;">(13,676,649</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2;">(22,375,225</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 14.1pt; border-top: 0.75pt solid #000000; text-indent: -8.7pt; background-color: #ffffff;">Balance, January 31, 2020 and 2021</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">28,541,323</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">28,541,323</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table> </div> </div> The Company tested each of the CGUs for impairment at January 31, 2021 and 2020. At January 31, 2020, the estimated recoverable amount of the Oregon geographic CGU was lower than the segment's carrying value. The Company recognized an impairment loss for the Oregon CGU totaling $22,375,225 of goodwill, and $1,536,260 of intangibles; this loss has been treated as Impairment of goodwill and intangible assets on the Consolidated Statement of Loss and Comprehensive Loss. There were no such impairments for the year ended January 31, 2021. </div> </div>

<div> <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 8pt; border-color: #000000;"> <tr> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">Licenses</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">Branding</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">Customer relationships</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">Start up costs</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">Total</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000;">Cost</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Balance, January 31, 2019</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">12,060,274</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">1,540,447</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">7,783</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">13,608,504</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Additions from acquisitions</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">1,071,750</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">1,331,804</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">1,174,468</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">3,578,022</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #f2f2f2;">Impairment of intangibles</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(428,626</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(391,759</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(715,875</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(1,536,260</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #ffffff;">Balance, January 31, 2020</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">12,703,398</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">940,045</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">1,999,040</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">7,783</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">15,650,266</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Category reclassification</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(337,082</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">46,674</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">287,249</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">3,159</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Classified as held for sale</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">(224,840</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">(164,226</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">(10,942</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">(400,008</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #f2f2f2;">Disposals</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(117,737</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(117,737</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #ffffff;">Balance, January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">12,141,476</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">868,982</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">2,122,063</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">15,132,521</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Accumulated Amortization</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Balance, January 31, 2019</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(214,171</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(25,674</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(79</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(239,924</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Amortization expense</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">(2,228,051</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">(33,295</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">(443,641</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">(729</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">(2,705,716</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Balance, January 31, 2020</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(2,442,222</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(33,295</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(469,315</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(808</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">(2,945,640</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #ffffff;">Amortization expense</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">(1,154,808</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">(95,053</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">(213,939</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">(729</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">(1,464,529</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Category reclassification</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2;">76,557</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2;">(46,674</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2;">(26,845</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2;">(3,038</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Classified as held for sale</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">98,043</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">115,254</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">4,575</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">217,872</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #f2f2f2;">Disposals</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">17,737</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">17,737</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #ffffff;">Balance, January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">(3,422,430</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">(157,285</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">(594,845</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">(4,174,560</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2;">Carrying amount, January 31, 2020</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">10,261,176</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">906,750</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">1,529,725</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">6,975</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">12,704,626</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; background-color: #ffffff;">Carrying amount, January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">8,719,046</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">711,697</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">1,527,218</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">10,957,961</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table> </div> </div>

12060274

1540447

7783

13608504

1071750

1331804

1174468

3578022

428626

391759

715875

1536260

12703398

940045

1999040

7783

15650266

-337082

46674

287249

3159

224840

164226

10942

400008

117737

12141476

868982

2122063

15132521

-214171

-25674

-79

-239924

2228051

33295

443641

729

2705716

-2442222

-33295

-469315

-808

-2945640

1154808

95053

213939

729

1464529

76557

-46674

-26845

-3038

-98043

-115254

-4575

-217872

-17737

-3422430

-157285

-594845

-4174560

10261176

906750

1529725

6975

12704626

8719046

711697

1527218

10957961

1464528

2705716

47160 119310

100000

117747

-17737

<div> <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Phantom Farms (Oregon)</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Silver State Companies (Nevada)</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Megawood Enterprises (Oregon)</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Swell Companies (Oregon)</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Total</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Balance, January 31, 2019</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">28,541,323</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">689,328</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #f2f2f2;">29,230,651</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Additions from acquisitions</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">8,009,248</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">13,676,649</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;">21,685,897</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Impairment of Goodwill</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2;">(8,009,248</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2;">(689,328</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2;">(13,676,649</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 8%; background-color: #f2f2f2;">(22,375,225</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 14.1pt; border-top: 0.75pt solid #000000; text-indent: -8.7pt; background-color: #ffffff;">Balance, January 31, 2020 and 2021</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">28,541,323</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 8%; background-color: #ffffff;">28,541,323</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table> </div> </div>

28541323

689328

29230651

8009248

13676649

21685897

8009248

689328

13676649

22375225

28541323

22375225

1536260

<div> <div> 11. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES <div style="margin-left: 36pt;"> <div> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: center;">January 31, 2021</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;">January 31, 2020</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #ffffff;">Accounts payable</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">1,382,519</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">1,136,955</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Accrued liabilities</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">1,183,259</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">1,449,286</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #ffffff;">Interest payable</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">115,218</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">902,033</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">2,680,996</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">3,488,274</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table> </div> </div> During the year ended January 31, 2021, the Company reversed an interest accrual of $710,954. The recovery has been recorded as an offset to interest expense. </div> </div>

1382519

1136955

1183259

1449286

115218

902033

2680996

3488274

710954 <div> <div> <div> 12. LEASE LIABILITIES AND RIGHT-OF-USE ASSETS Under IFRS 16 - Leases, the Company assesses whether a contract is, or contains, a lease. For contracts that are, or contain, leases, the Company recognizes a right-of-use asset and lease liability at the commencement date. If the contract does not contain a lease, then the contract is classified as a service that is not reported on the statement of financial position. The Company has identified ten contracts executed by the Company and its wholly owned subsidiaries that are leases as defined under IFRS 16. In analyzing the identified agreements, the Company applied the lessee accounting model pursuant to IFRS 16 and considered all of the facts and circumstances surrounding the inception of the contract (but not future events that are not likely to occur). Lease liabilities were calculated with discount rates ranging from 10-20%. Based on all the facts and circumstances at the inception of the contract, the Company has determined that all identified agreements contain a lease as defined by IFRS 16, including: <div> <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt;"> <tr> <td style="background-color: #ffffff; width: 31%; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; white-space: nowrap;"> Entity Name/Lessee </td> <td style="background-color: #ffffff; width: 21%; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; white-space: nowrap;"> Asset </td> <td style="background-color: #ffffff; width: 19%; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; white-space: nowrap;"> Contains a lease? </td> <td style="background-color: #ffffff; width: 19%; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; white-space: nowrap;"> Useful life (years) </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="width: 31%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> Swell Companies, LTD </td> <td style="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> Land/Building </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> Yes </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> 5 </td> </tr> <tr style="background-color: #ffffff;"> <td style="width: 31%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> Silver State Cultivation LLC </td> <td style="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> Land/Building </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> Yes </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> 12 </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="width: 31%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> Silver State Relief LLC (Sparks) </td> <td style="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> Land/Building </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> Yes </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> 12 </td> </tr> <tr style="background-color: #ffffff;"> <td style="width: 31%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> Silver State Relief LLC (Fernley) </td> <td style="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> Land/Building </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> Yes </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> 12 </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="width: 31%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #f2f2f2;"> Megawood Enterprises Inc. </td> <td style="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> Land/Building </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> Yes </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> 5 </td> </tr> <tr style="background-color: #ffffff;"> <td style="width: 31%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> Phantom Distribution, LLC </td> <td style="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> Land/Building </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> Yes </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> 5 </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="width: 31%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #f2f2f2;"> 63353 Bend, LLC </td> <td style="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> Land/Building </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> Yes </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> 5 </td> </tr> <tr style="background-color: #ffffff;"> <td style="width: 31%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff;"> 20727-4 Bend, LLC </td> <td style="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> Land/Building </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> Yes </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> 5 </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="width: 31%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; border-bottom: 1.5pt solid #000000; background-color: #f2f2f2;"> 4964 BFH, LLC </td> <td style="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; background-color: #f2f2f2;"> Land/Building </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; background-color: #f2f2f2;"> Yes </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; background-color: #f2f2f2;"> 5 </td> </tr> </table> </div> </div> <div> </div> </div> </div> </div> <div> <div> The financial statement effects concerning lease liabilities are as follows: <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; width: 785px;">Maturity Analysis - contractual undiscounted cash flows </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; width: 59px;"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; width: 109px;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; width: 785px; background-color: #f2f2f2;">Less than one year</td> <td style="vertical-align: bottom; text-align: left; width: 59px; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; text-align: right; width: 109px; background-color: #f2f2f2;">1,380,236</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 785px; background-color: #ffffff;">One to five years</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 59px; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 109px; background-color: #ffffff;">16,139,530</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; width: 785px; background-color: #f2f2f2;">Total undiscounted lease liabilities at January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 59px; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 109px; background-color: #f2f2f2;">17,519,767</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; width: 785px; background-color: #ffffff;">Lease liabilities included in the statement of financial position </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; width: 59px; background-color: #ffffff;"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; width: 109px; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; width: 785px; background-color: #f2f2f2;">Current</td> <td style="vertical-align: bottom; text-align: left; width: 59px; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; text-align: right; width: 109px; background-color: #f2f2f2;">437,857</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 785px; background-color: #ffffff;">Non-current</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 59px; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 109px; background-color: #ffffff;">9,691,215</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 785px; background-color: #f2f2f2;">Balance, January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 59px; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 109px; background-color: #f2f2f2;">10,129,072</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; width: 785px; background-color: #ffffff;">Amounts recognized in profit or loss </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; width: 59px; background-color: #ffffff;"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; width: 109px; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 785px; background-color: #f2f2f2;">Interest on lease liabilities</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 59px; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 109px; background-color: #f2f2f2;">513,423</td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; width: 785px; background-color: #ffffff;">Total cash outflow for leases </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 59px; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 109px; background-color: #ffffff;">1,613,173</td> </tr> </table> </div> The financial statement effects concerning right-of-use assets are as follows: <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000;">Cost</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Balance, January 31, 2019</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">7,861,107</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Right-of-use additions</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">3,386,237</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Adjustment*</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">(927,300</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #ffffff;">Disposal**</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 1%; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">(4,197,087</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Balance, January 31, 2020</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">6,122,957</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Right-of-use additions</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">7,263,368</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Classified as held for sale</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">(832,736</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #ffffff;">Disposal***</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 1%; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">(899,398</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #f2f2f2;">Balance, January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">11,654,191</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #ffffff;">Accumulated Amortization</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; width: 1%; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Balance, January 31, 2019</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; width: 1%; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">(116,496</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Disposal**</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">230,686</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Amortization expense</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">(1,576,459</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #ffffff;">Balance, January 31, 2020</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; width: 1%; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">(1,462,269</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Disposal***</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">554,631</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Classified as held for sale</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">299,687</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #f2f2f2;">Amortization expense</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 1%; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">(1,280,652</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #ffffff;">Balance, January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; width: 1%; text-align: left; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">(1,888,603</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Carrying Amount, January 31, 2020</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">4,660,688</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; background-color: #ffffff;">Carrying Amount, January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; width: 1%; text-align: left; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">9,765,588</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table> </div> <div style="margin-left: 36pt;"> *During the year ended January 31, 2020, the Company entered into amending lease agreements on six leases resulting in adjustments to ROU assets and lease liabilities of $927,300. The incremental borrowing rate was lowered on all six leases. **During the year ended January 31, 2020, the Company derecognized ROU assets and lease liabilities of $3,800,000 on acquisition of land and building that was subject to lease. The Company terminated another $397,087 in leases during the same year resulting in decreases in lease liabilities and ROU assets. Accumulated amortization in these lease disposals of $230,686 was adjusted on disposal. ***During the year ended January 31, 2021, the Company terminated a lease resulting in an adjustment on disposal to lease liabilities of $400,961 and ROU assets cost of $899,398 and accumulated amortization of $554,631. A gain on disposal of $56,194 was recognized representing the excess of the lease liability above the right of use asset. The gain has been recorded in other income on the consolidated statement of loss and comprehensive loss. </div> Total depreciation expense for the year ended January 31, 2021 was $1,280,652 (year ended January 31, 2020 - $1,576,459). Of the total expense, $826,231 was allocated to inventory (2020 - $977,487). <div> </div> During the year ended January 31, 2021, the Company amended lease agreements on three leases to extend their term (note 25). This resulted in right of use asset additions of $7,263,368. At January 31, 2021, the Company reclassified right-of-use assets with a cost of $832,736 and accumulated depreciation of $299,687 to held for sale following an assessment that the Swell and Pure Green properties were redundant to the Company's operation. In addition, the Company reclassified the associated lease liabilities of $629,180 to be classified as held for sale. Management estimated the fair value less costs to sell exceeds the carrying value and therefore the assets are measured at their carrying values. </div> </div> 0.10 0.20

<div> <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt;"> <tr> <td style="background-color: #ffffff; width: 31%; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; white-space: nowrap;"> Entity Name/Lessee </td> <td style="background-color: #ffffff; width: 21%; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; white-space: nowrap;"> Asset </td> <td style="background-color: #ffffff; width: 19%; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; white-space: nowrap;"> Contains a lease? </td> <td style="background-color: #ffffff; width: 19%; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; white-space: nowrap;"> Useful life (years) </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="width: 31%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> Swell Companies, LTD </td> <td style="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> Land/Building </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> Yes </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> 5 </td> </tr> <tr style="background-color: #ffffff;"> <td style="width: 31%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> Silver State Cultivation LLC </td> <td style="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> Land/Building </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> Yes </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> 12 </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="width: 31%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> Silver State Relief LLC (Sparks) </td> <td style="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> Land/Building </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> Yes </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> 12 </td> </tr> <tr style="background-color: #ffffff;"> <td style="width: 31%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> Silver State Relief LLC (Fernley) </td> <td style="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> Land/Building </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> Yes </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> 12 </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="width: 31%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #f2f2f2;"> Megawood Enterprises Inc. </td> <td style="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> Land/Building </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> Yes </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> 5 </td> </tr> <tr style="background-color: #ffffff;"> <td style="width: 31%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> Phantom Distribution, LLC </td> <td style="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> Land/Building </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> Yes </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> 5 </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="width: 31%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #f2f2f2;"> 63353 Bend, LLC </td> <td style="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> Land/Building </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> Yes </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> 5 </td> </tr> <tr style="background-color: #ffffff;"> <td style="width: 31%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff;"> 20727-4 Bend, LLC </td> <td style="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> Land/Building </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> Yes </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> 5 </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="width: 31%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; border-bottom: 1.5pt solid #000000; background-color: #f2f2f2;"> 4964 BFH, LLC </td> <td style="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; background-color: #f2f2f2;"> Land/Building </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; background-color: #f2f2f2;"> Yes </td> <td style="width: 19%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; background-color: #f2f2f2;"> 5 </td> </tr> </table> </div> </div>

P5Y

P12Y

P5Y

1380236 16139530 17519767

437857

9691215

10129072

513423

1613173

<div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000;">Cost</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Balance, January 31, 2019</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">7,861,107</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Right-of-use additions</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">3,386,237</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Adjustment*</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">(927,300</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #ffffff;">Disposal**</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 1%; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">(4,197,087</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Balance, January 31, 2020</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">6,122,957</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Right-of-use additions</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">7,263,368</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Classified as held for sale</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">(832,736</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #ffffff;">Disposal***</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 1%; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">(899,398</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #f2f2f2;">Balance, January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">11,654,191</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #ffffff;">Accumulated Amortization</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; width: 1%; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Balance, January 31, 2019</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; width: 1%; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">(116,496</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Disposal**</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">230,686</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Amortization expense</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">(1,576,459</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #ffffff;">Balance, January 31, 2020</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; width: 1%; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">(1,462,269</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Disposal***</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">554,631</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Classified as held for sale</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">299,687</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #f2f2f2;">Amortization expense</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 1%; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">(1,280,652</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #ffffff;">Balance, January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; width: 1%; text-align: left; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">(1,888,603</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Carrying Amount, January 31, 2020</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">4,660,688</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; background-color: #ffffff;">Carrying Amount, January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; width: 1%; text-align: left; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">9,765,588</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table> </div>

7861107

3386237

-927300 4197087

6122957

7263368

-832736 899398

11654191

-116496

-230686

1576459

-1462269

-554631 299687

1280652

-1888603

4660688

9765588

-927300 3800000 397087 400961 899398

1280652

1576459

826231 977487

7263368

-832736 299687

629180

<div> 13. LONG TERM DEBT <div> <div> <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">Mortgage on building</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">Equipment and Vehicle loans</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">Total</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Balance, January 31, 2019</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; width: 1%; text-align: left; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #ffffff;">Assumed in PPE acquisitions</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; width: 1%; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">513,294</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">186,463</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">699,757</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Payments</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(16,910</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(62,511</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(79,421</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #ffffff;">Balance, January 31, 2020</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; width: 1%; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">496,384</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">123,952</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">620,336</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Interest</td> <td style="vertical-align: bottom; width: 1%; text-align: left; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">21,933</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">20,975</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">42,908</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #ffffff;">Payments</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 1%; text-align: left; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">(45,551</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">(74,363</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">(119,914</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Balance, January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; width: 1%; text-align: left; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">472,766</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">70,564</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">543,330</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #ffffff;">Current portion</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; width: 1%; text-align: left; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">24,703</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">56,341</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">81,044</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; background-color: #f2f2f2;">Long-term portion</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; width: 1%; text-align: left; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">448,063</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">14,223</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">462,286</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> </table> The mortgage on building is a 20-year mortgage that began on February 1, 2015 and matures on January 1, 2035. The mortgage bears interest at a fixed rate of 4.5% with payments made monthly. The equipment and vehicle loans consist of three loans with maturity dates ranging from June 1, 2021 through May 15, 2023 and interest rates ranging from 5.59% to 19.9% with payments made monthly. </div> </div> </div> </div>

513294 186463 699757

16910

62511

79421

496384

123952

620336

21933

20975

42908

45551

74363

119914

472766

70564

543330

24703

56341

81044

448063

14223

462286

0.045

0.0559

0.199

<div> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; width: 100%;"> <tr> <td style="width: 36pt; vertical-align: top;">14.</td> <td> CONVERTIBLE DEBENTURES AND PROMISSORY NOTES </td> </tr> <tr> <td style="width: 36pt; vertical-align: top;"> </td> <td> Convertible debentures and convertible promissory notes are compound financial instruments that are accounted for based on their components of financial liability and equity. The financial liability component represents the Company's future obligation to pay coupon interest and principal. The liability component is initially measured at its fair value (net present value) and subsequently measured at its amortized cost. After the net present value of the financial liability is determined, any residual amount is reported as an equity instrument at the convertible debentures' issuance date. Transaction costs related to the issuance of convertible notes are apportioned to their respective financial liability and equity components in proportion to the allocation of proceeds as a reduction to the carrying amount of each component. When valuing the financial liability component of the convertible notes, the Company used specific interest rates assuming no conversion features existed. The resulting liability component is accreted to its face value over the convertible note’s term until its maturity date. </td> </tr> </table> <div> <div> <div> <div> <div style="margin-top: 0px;"> <div> </div> The following is the continuity of the Company's convertible debentures issued in Canadian dollars. All below disclosure is denominated in U.S. dollars: <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td colspan="10" style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; background-color: #ffffff;">Convertible debentures</td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap; background-color: #ffffff;">December 31, 2018</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap; background-color: #ffffff;">January 30, 2019</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap; background-color: #ffffff;">Total</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: center; background-color: #ffffff;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap; background-color: #ffffff;">issuance</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap; background-color: #ffffff;">Issuance</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; white-space: nowrap; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; white-space: nowrap; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Balance, January 31, 2019</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">3,181,800</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">6,977,853</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">10,159,653</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">New issuances</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">265,146</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">388,486</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">653,632</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Conversions</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(1,546,384</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(2,993,607</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(4,539,991</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Interest</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">322,348</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">559,398</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">881,746</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Accretion expense</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">186,664</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">170,385</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">357,049</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Interest paid - cash</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(268,503</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(452,052</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(720,555</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #f2f2f2;">Foreign exchange loss</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">8,318</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">67,403</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">75,721</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #ffffff;">Balance, January 31, 2020</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">2,149,389</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">4,717,866</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">6,867,255</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">New issuances</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">1,680,922</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">3,786,930</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">5,467,852</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Conversions</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(4,140,182</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(8,799,219</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(12,939,401</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Interest</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">191,223</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">410,755</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">601,978</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Accretion expense</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">142,632</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">129,968</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">272,600</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Interest paid - cash</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(255,658</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(544,038</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(799,696</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #ffffff;">Foreign exchange loss</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">231,674</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">297,738</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">529,412</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; background-color: #f2f2f2;">Balance, January 31, 2021</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> </table> </div> </div> </div> </div> The following transactions occurred during the year ended January 31, 2021: </div> <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="border: 0px; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="vertical-align: top; width: 25px;"> (a) </td> <td style="vertical-align: top;"> 262 convertible debentures were issued for gross proceeds of $195,734 (C$262,000). A total of $2,508,068 (C$3,209,000) in principal of the December 31, 2018 convertible debentures were converted into 4,011,250 common shares of the Company. The remaining balance outstanding is $nil. </td> </tr> <tr> <td style="vertical-align: top; width: 25px;"> </td> <td style="vertical-align: top;"> </td> </tr> <tr> <td style="vertical-align: top; width: 25px;"> (b) </td> <td style="vertical-align: top;"> 497 convertible debentures were issued for gross proceeds of $371,297 (C$497,000). A total of $5,204,120 (C$6,673,000) in principal of the January 30, 2019 convertible debentures were converted into 8,341,250 common shares of the Company. The remaining balance outstanding is $nil. </td> </tr> <tr> <td style="vertical-align: top; width: 25px;"> </td> <td style="vertical-align: top;"> </td> </tr> <tr> <td style="vertical-align: top; width: 25px;"> (c) </td> <td style="vertical-align: top;"> 1,988 warrants were exercised in connection with the convertible debentures issued on December 31, 2018, resulting in gross proceeds of $1,485,188 (C$1,988,000). 2,087 warrant debentures with a carrying amount of $1,632,114 (C$2,087,000) were converted into common shares of the Company. At January 31, 2021, all warrants had been exercised or expired. </td> </tr> <tr> <td style="vertical-align: top; width: 25px;"> </td> <td style="vertical-align: top;"> </td> </tr> <tr> <td style="vertical-align: top; width: 25px;"> (d) </td> <td style="vertical-align: top;"> 4,572 warrants were exercised in connection with the convertible debentures issued on January 30, 2019, resulting in gross proceeds of $3,415,633 (C$4,572,000). 4,587 warrant debentures issued under the January 30, 2019 issuance with a carrying amount of $3,595,099 (C$4,587,000) were converted into common shares of the Company. At January 31, 2021, all warrants had been exercised or expired. </td> </tr> <tr> <td style="vertical-align: top; width: 25px;"> </td> <td style="vertical-align: top;"> </td> </tr> <tr> <td colspan="2" style="vertical-align: top; width: 30px;"> The following transactions occurred during the year ended January 31, 2020: </td> </tr> <tr> <td style="vertical-align: top; width: 25px;">(a)</td> <td style="vertical-align: top;"> 359 warrants were exercised in connection with the convertible debentures issued on December 31, 2018, resulting in gross proceeds of $265,146 (C$359,000) and of those, 250 warrant debentures were converted into common shares of the Company. At January 31, 2020, 2,315 warrants were available to be exercised. </td> </tr> <tr> <td style="vertical-align: top; width: 25px;">(b)</td> <td style="vertical-align: top;"> 526 warrants were exercised in connection with the convertible debentures issued on January 30, 2019, resulting in gross proceeds of $388,486 (C$526,000) and of those, 487 warrants debentures were converted into common shares of the Company. At January 31, 2020, 4,664 warrants were available to be exercised. </td> </tr> </table> </div> <div style="margin-top: 0pt;"> </div> </div> The following is a continuity of the Company's convertible promissory notes denominated in U.S. dollars: <div> <div style="margin-left: 36pt; text-align: start;"> <div> <div> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-color: #000000; font-size: 10pt; width: 100%;"> <tr> <td colspan="14" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">Convertible promissory notes</td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;">June 13, 2018</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;">January 23, 2019</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;">May 24, 2019</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td colspan="2" style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;">Total</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: center;">issuance</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: center;">issuance</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: center;">issuance</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; white-space: nowrap;"> </td> <td colspan="2" style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; white-space: nowrap; width: 2%;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Balance, January 31, 2019</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">1,670,830</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">175,000</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td colspan="2" style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">1,845,830</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Issued</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">1,000,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">1,000,000</td> <td style="vertical-align: bottom; text-align: right; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Conversion</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(660,647</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(660,647</td> <td style="vertical-align: bottom; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Interest</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">48,600</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">69,041</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">117,641</td> <td style="vertical-align: bottom; text-align: right; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Accretion expense</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">77,282</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">77,282</td> <td style="vertical-align: bottom; text-align: right; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #ffffff;">Balance, January 31, 2020</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">1,136,065</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">175,000</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">1,069,041</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td colspan="2" style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">2,380,106</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Payment</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(175,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(175,000</td> <td colspan="2" style="vertical-align: bottom; width: 10%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Interest</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">48,732</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">100,275</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">149,007</td> <td style="vertical-align: bottom; text-align: right; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #f2f2f2;">Accretion expense</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">83,352</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">83,352</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #ffffff;">Balance, January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">1,268,149</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">1,169,316</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td colspan="2" style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">2,437,465</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 2%; background-color: #ffffff;"> </td> </tr> </table> </div> </div> </div> </div> <div> <div style="margin-left: 36pt;">On June 13, 2018, the Company issued convertible promissory notes to the vendors that sold Eco Firma Farms, LLC to the Company in the aggregate principal amount of $2,000,000. The convertible promissory notes were convertible at $1.00 per share. The convertible promissory notes accrue interest at a rate of 4% per annum, compounded annually, and are fully due and payable on June 13, 2021.</div> </div> <div> <div> On February 7, 2019, one vendor converted their portion of the convertible note of $660,647 to 977,479 common shares. On issuance, the Company determined the conversion feature was a derivative liability. The fair value of the conversion feature as at January 31, 2021 was $308,364 (January 31, 2020 - $nil). On January 23, 2019, the Company issued a convertible promissory note to the vendor that sold Megawood Enterprises, Inc. to the Company in the principal amount of $175,000. The convertible note is convertible into 35,000 common shares of the Company at a conversion price of C$5.00 per conversion share and may be converted at any time between October 24, 2019 and January 24, 2020. On issuance, the Company determined the conversion feature was a derivative liability. The fair value of the conversion feature as at January 31, 2021 was $nil (January 31, 2020 - $nil). On February 21, 2020, the Company repaid the convertible promissory note with a cash payment of $130,000 and the issuance of 95,849 common shares (Note 18). On May 24, 2019, the Company issued a two-year unsecured convertible promissory note to a debtor of Swell Companies in the principal amount of $1,000,000. The convertible note accrues interest at 10% per annum compounded annually and payable at maturity. The holder of the note can accelerate payment to the first anniversary date of the note and therefore this is classified as a current liability. The note is convertible into common shares of the Company at a conversion price of $1.56 per share and may be converted at the maturity date. <div> </div> The following is a continuity of the Company's promissory notes denominated in U.S. dollars: </div> </div> <div> <div style="margin-left: 48px; text-align: start;"> <div> <div> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-color: #000000; font-size: 10pt; width: 100%;"> <tr> <td colspan="11" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;">Promissory notes payable</td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap;">January 1, 2019 </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap;">February 4, 2019</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td colspan="2" style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap;">Total</td> <td colspan="1" style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;">issuance</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Issuance</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; white-space: nowrap;"> </td> <td colspan="2" style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; white-space: nowrap;"> </td> <td colspan="1" style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Balance, January 31, 2019</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">30,000,000</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td colspan="2" style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">30,000,000</td> <td colspan="1" style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Issued</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">290,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">290,000</td> <td colspan="1" style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Payments</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(8,800,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(290,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(9,090,000</td> <td colspan="1" style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #ffffff;">Balance, January 31, 2020</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">21,200,000</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td colspan="2" style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">21,200,000</td> <td colspan="1" style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #f2f2f2;">Payments</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">(7,013,333</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">(7,013,333</td> <td colspan="1" style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #ffffff;">Balance, January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">14,186,667</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td colspan="2" style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">14,186,667</td> <td colspan="1" style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2;">Current portion</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">6,080,000</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td colspan="2" style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">6,080,000</td> <td colspan="1" style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; background-color: #ffffff;">Long-term portion</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">8,106,667</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td colspan="2" style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">8,106,667</td> <td colspan="1" style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table> </div> </div> </div> </div> <table border="0" cellpadding="0" cellspacing="0" style="border: 0px; font-size: 10pt; border-collapse: collapse; width: 100%;"> <tr> <td style="width: 36pt;"> </td> <td> On January 1, 2019, the Company issued a promissory note to Mr. Newman, who sold Silver State to the Company in the principal amount of $30,000,000. The note is payable in the following principal instalments: $3,000,000 on April 1, 2019, $6,000,000 on each of July 1, 2019, October 1, 2019, January 1, 2020, and April 1, 2020, and $3,000,000 on July 1, 2020. The note accrues interest at a rate of 10% per annum. The note is secured by all of the outstanding membership interests, and a security interest in all of the assets, of Silver State. </td> </tr> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td> On July 1, 2019, the terms of the promissory note payable for the acquisition of Silver State were amended to call for immediate payment of $2,000,000 plus accrued interest on July 1, 2019 followed by payments of $800,000 plus accrued interest on the first of each of August, September, October, November, and December 2019. </td> </tr> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td> Effective November 21, 2019 and June 25, 2020, Mr. Newman and the Company agreed to further amend the terms of the secured promissory note due to Mr. Newman. The December 1, 2019 principal payment of $800,000 was cancelled and the monthly principal payments thereafter were reduced to $600,000 per month. Further, the annual interest rate on the note was reduced from 10% to 9.5%. The remaining balance on the note is due and payable on January 1, 2021. This modification resulted in a gain of $nil. </td> </tr> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td> On November 19, 2020, the Company announced agreement with Mr. Newman that the remaining $15,200,000 principal outstanding on his senior secured Note, due to mature on January 1, 2021, has been amended with lower monthly payments amortized over a 30-month period. Commencing December 1, 2020, the monthly payments will be $506,667 plus interest. The interest rate at 9.5% is unchanged. </td> </tr> <tr> <td style="text-align: justify; width: 36pt;"> </td> <td> For the year ended January 31, 2021, interest expense was $1,643,363 (year ended January 31, 2020 - $2,511,770). Interest paid during the year ended January 31, 2021 was $1,715,750 (year ended January 31, 2020 - $2,391,562). </td> </tr> </table> </div>

<div> <div> <div style="margin-top: 0px;"> <div> </div> The following is the continuity of the Company's convertible debentures issued in Canadian dollars. All below disclosure is denominated in U.S. dollars: <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td colspan="10" style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; background-color: #ffffff;">Convertible debentures</td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap; background-color: #ffffff;">December 31, 2018</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap; background-color: #ffffff;">January 30, 2019</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap; background-color: #ffffff;">Total</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: center; background-color: #ffffff;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap; background-color: #ffffff;">issuance</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap; background-color: #ffffff;">Issuance</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; white-space: nowrap; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; white-space: nowrap; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Balance, January 31, 2019</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">3,181,800</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">6,977,853</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">10,159,653</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">New issuances</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">265,146</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">388,486</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">653,632</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Conversions</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(1,546,384</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(2,993,607</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(4,539,991</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Interest</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">322,348</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">559,398</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">881,746</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Accretion expense</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">186,664</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">170,385</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">357,049</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Interest paid - cash</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(268,503</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(452,052</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(720,555</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #f2f2f2;">Foreign exchange loss</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">8,318</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">67,403</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">75,721</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #ffffff;">Balance, January 31, 2020</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">2,149,389</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">4,717,866</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">6,867,255</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">New issuances</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">1,680,922</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">3,786,930</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">5,467,852</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Conversions</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(4,140,182</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(8,799,219</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(12,939,401</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Interest</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">191,223</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">410,755</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">601,978</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Accretion expense</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">142,632</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">129,968</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">272,600</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Interest paid - cash</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(255,658</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(544,038</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(799,696</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #ffffff;">Foreign exchange loss</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">231,674</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">297,738</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">529,412</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; background-color: #f2f2f2;">Balance, January 31, 2021</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> </table> </div> </div> </div> </div> 3181800 6977853 10159653 265146 388486 653632 1546384 2993607 4539991 322348 559398 881746 186664 170385 357049 268503 452052 720555 8318 67403 75721 2149389 4717866 6867255 1680922 3786930 5467852 4140182 8799219 12939401 191223 410755 601978 142632 129968 272600 255658 544038 799696 231674 297738 529412 0 0 0 262 195734 262000 2508068 3209000 4011250 497 371297 497000 5204120 6673000 8341250 1988 1485188 1988000 2087 1632114 2087000 4572 3415633 4572000 4587 3595099 4587000 359 265146 359000 250 2315 526 388486 526000 487 4664 <div> <div style="margin-left: 36pt; text-align: start;"> <div> <div> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-color: #000000; font-size: 10pt; width: 100%;"> <tr> <td colspan="14" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">Convertible promissory notes</td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;">June 13, 2018</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;">January 23, 2019</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;">May 24, 2019</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td colspan="2" style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;">Total</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: center;">issuance</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: center;">issuance</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: center;">issuance</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; white-space: nowrap;"> </td> <td colspan="2" style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; white-space: nowrap; width: 2%;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Balance, January 31, 2019</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">1,670,830</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">175,000</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td colspan="2" style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">1,845,830</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Issued</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">1,000,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">1,000,000</td> <td style="vertical-align: bottom; text-align: right; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Conversion</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(660,647</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(660,647</td> <td style="vertical-align: bottom; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Interest</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">48,600</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">69,041</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">117,641</td> <td style="vertical-align: bottom; text-align: right; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Accretion expense</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">77,282</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">77,282</td> <td style="vertical-align: bottom; text-align: right; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #ffffff;">Balance, January 31, 2020</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">1,136,065</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">175,000</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">1,069,041</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td colspan="2" style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">2,380,106</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Payment</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(175,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(175,000</td> <td colspan="2" style="vertical-align: bottom; width: 10%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Interest</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">48,732</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">100,275</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">149,007</td> <td style="vertical-align: bottom; text-align: right; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #f2f2f2;">Accretion expense</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">83,352</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">83,352</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #ffffff;">Balance, January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">1,268,149</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">1,169,316</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td colspan="2" style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">2,437,465</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 2%; background-color: #ffffff;"> </td> </tr> </table> </div> </div> </div> </div> 1670830 175000 0 1845830 0 0 1000000 1000000 660647 0 0 660647 48600 0 69041 117641 77282 0 0 77282 1136065 175000 1069041 2380106 0 175000 0 175000 48732 0 100275 149007 83352 0 0 83352 1268149 0 1169316 2437465 2000000 1 0.04 660647 977479 308364 175000 35000 5 0 0 130000 95849 1000000 0.10 1.56 <div> <div style="margin-left: 48px; text-align: start;"> <div> <div> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-color: #000000; font-size: 10pt; width: 100%;"> <tr> <td colspan="11" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;">Promissory notes payable</td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap;">January 1, 2019 </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap;">February 4, 2019</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td colspan="2" style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap;">Total</td> <td colspan="1" style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;">issuance</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Issuance</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; white-space: nowrap;"> </td> <td colspan="2" style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; white-space: nowrap;"> </td> <td colspan="1" style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Balance, January 31, 2019</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">30,000,000</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td colspan="2" style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">30,000,000</td> <td colspan="1" style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Issued</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">290,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">290,000</td> <td colspan="1" style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Payments</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(8,800,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(290,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td colspan="2" style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(9,090,000</td> <td colspan="1" style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #ffffff;">Balance, January 31, 2020</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">21,200,000</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td colspan="2" style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">21,200,000</td> <td colspan="1" style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #f2f2f2;">Payments</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">(7,013,333</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">(7,013,333</td> <td colspan="1" style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #ffffff;">Balance, January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">14,186,667</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td colspan="2" style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">14,186,667</td> <td colspan="1" style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2;">Current portion</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">6,080,000</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td colspan="2" style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">6,080,000</td> <td colspan="1" style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; background-color: #ffffff;">Long-term portion</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">8,106,667</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td colspan="2" style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">8,106,667</td> <td colspan="1" style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table> </div> </div> </div> </div> 30000000 0 30000000 0 290000 290000 8800000 290000 9090000 21200000 0 21200000 7013333 7013333 14186667 0 14186667 6080000 0 6080000 8106667 0 8106667 30000000 3000000 6000000 6000000 6000000 6000000 3000000 0.10 2000000 800000 800000 800000 800000 800000 800000 600000 0.10 0.095 15200000 506667 0.095 1643363 2511770 1715750 2391562 <div> <div> 15. CONSIDERATION PAYABLE The following table reflects the continuity of consideration payable: <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Balance, January 31, 2019</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">1,375,268</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Swell Companies acquisition - May 25, 2019 (Note 4)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">846,256</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #f2f2f2;">Consideration paid - cash</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">(1,375,268</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #ffffff;">Balance, January 31, 2020</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">846,256</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Consideration paid - cash</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">(846,256</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #ffffff;">Balance, January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table> </div> </div> </div>

1375268

2019-05-25

846256 1375268 846256 846256 0 <div> 16. RECLAMATION OBLIGATION The Company has recorded a decommissioning provision in connection with estimated reclamation costs on a previously written off property. The obligation is recognized based on the estimated future reclamation costs. The Company had two wells in Alberta which were determined to be uneconomic and costs have been incurred to plug these wells. Reclamation and remediation work is still required to bring the site back to its natural state. </div>

17. DERIVATIVE LIABILITY <div> <div> The following reflects the continuity of derivative liability: <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Balance, January 31, 2019</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">23,097</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">On acquisition February 4, 2019</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">3,748,377</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">On acquisition May 24, 2019</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">4,707,370</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #ffffff;">Fair value adjustment on derivative liabilities</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">(4,779,692</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Balance, January 31, 2020</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">3,699,152</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #ffffff;">Fair value adjustment on derivative liabilities</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">5,731,839</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Balance, January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">9,430,991</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> </table> </div> </div> </div> <div> <div> Upon the February 4, 2019 acquisition of Phantom Farms the vendors can earn up to 4,500,000 'earn out' shares over a period of seven years. The conditions are based on the Company's common shares exceeding certain share prices during the period. The liability is derived using a Monte Carlo simulation. Upon the May 24, 2019 acquisition of Swell Companies the vendors can earn up to 6,000,000 'earn out' shares over a period of seven years. The conditions are based on C21 common shares exceeding certain share prices during the period. The liability is derived using a Monte Carlo simulation. Inputs into the calculation of fair value adjustment are as follows: <div> <div> <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;">January 31,</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;">January 31,</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;">May 24,</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;">February 4, </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: right;">2021</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: right;">2020</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: right;">2019</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: right;">2019</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: right;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2;">Discount rate</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">0.30%</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">1.36%</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">2.50%</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">2.19%</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Expected life in years</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;"> 5.34 </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;"> 6.14 </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;"> 7.00 </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;"> 7.00 </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Expected stock volatility</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">80%</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">100%</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">100%</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">100%</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 14.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-indent: -9pt; background-color: #ffffff;">Expected volatility of foreign exchange</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">5.29%</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">5.29%</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">5.29%</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">5.84%</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table> </div> </div> </div> </div> </div>

23097

3748377 4707370

-4779692

3699152

5731839

9430991

vendors can earn up to 4,500,000 'earn out' shares over a period of seven years. vendors can earn up to 6,000,000 'earn out' shares over a period of seven years. <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;">January 31,</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;">January 31,</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;">May 24,</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;">February 4, </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: right;">2021</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: right;">2020</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: right;">2019</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: right;">2019</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: right;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2;">Discount rate</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">0.30%</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">1.36%</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">2.50%</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">2.19%</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Expected life in years</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;"> 5.34 </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;"> 6.14 </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;"> 7.00 </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;"> 7.00 </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Expected stock volatility</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">80%</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">100%</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">100%</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">100%</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 14.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-indent: -9pt; background-color: #ffffff;">Expected volatility of foreign exchange</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">5.29%</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">5.29%</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">5.29%</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">5.84%</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table> 0.003 0.0136 0.025 0.0219 P5Y4M2D P6Y1M20D P7Y P7Y 0.80 1 1 1 0.0529 0.0529 0.0529 0.0584

<div> <div> <div> 18. SHARE CAPITAL AND RESERVES Share capital consists of one class of fully paid common shares, with no par value. The Company is authorized to issue an unlimited number of common shares. All shares are equally eligible to receive dividends and repayment of capital and represent one vote at the Company's shareholders' meetings. The following table reflects the continuity of share capital for the years ended January 31, 2021 and 2020: </div> </div> <div> <div> <div> <div> <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; text-align: justify;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">Number of Shares</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">Amount</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: justify; background-color: #f2f2f2;">Balance, January 31, 2019</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">58,505,255</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">52,923,983</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Shares issued - acquisition of Phantom Farms (i)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">2,670,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">2,507,138</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Shares issued - conversion of promissory note (ii)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">977,479</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">660,647</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Shares issued - warrant exercises (iii)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">915,545</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">1,018,748</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Shares issued - option exercises (iv)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">80,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">77,980</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Shares issued - acquisition of Swell (v)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">8,281,905</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">4,927,178</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Shares issued - acquisition of EFF building (vi)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">3,983,886</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">4,136,646</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Shares issued - partial settlement of EFF share payment note (vii)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">368,688</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">368,688</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Shares issued - private placement (viii)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">5,589,493</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">4,895,379</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Shares issued - conversion of debentures (ix)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">8,016,388</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">4,539,991</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #f2f2f2;">Share issue costs</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">(28,110</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: justify; background-color: #ffffff;">Balance, January 31, 2020</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">89,388,639</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">76,028,268</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Shares issued - acquisition of Phantom Farms (x)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">7,132,042</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">2,582,903</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Shares issued - Megawood (xi)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">95,849</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">38,415</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Shares issued - option exercises (xii)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">200,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">197,708</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Shares issued - conversion of debentures (xiii)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">19,764,694</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">12,939,401</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Shares issued - Swell commitment (xiv)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">456,862</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">429,582</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Shares issued - EFF commitment (xv)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">19,774</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">21,371</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; text-align: justify; background-color: #f2f2f2;">Balance, January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">117,057,860</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">92,237,648</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> </table> </div> </div> </div> <div> <div> (i) On February 4, 2019, the Company issued 2,670,000 shares as consideration for the purchase of Phantom Farms (Note 3). (ii) On February 7, 2019, the Company issued 977,479 shares to a vendor of EFF upon conversion of a portion of the convertible promissory note payable. (iii) During the year ended January 31, 2020, the Company issued 915,545 shares upon the exercise of warrants. (iv) During the year ended January 31, 2020, the Company issued 80,000 shares upon the exercise of stock options. (v) On May 24 and December 27, 2019, the Company issued 1,266,667 shares and 7,015,238 shares, respectively, as consideration for the purchase of Swell Companies (Note 4). (vi) On May 10, 2019, the Company issued 3,983,886 shares as consideration for the purchase of the building and land that EFF was previously leasing. (vii) On June 12, 2019, the Company issued 368,688 shares to a vendor of EFF for a partial payment of the Company's commitment to issue shares. <div> </div> (viii) On May 28, 2019, the Company completed a non-brokered private placement financing of 5,589,493 shares at C$1.38, for total gross proceeds of $5,847,135 (C$7,713,500). Each unit is comprised of one common share of the Company and one half of one common share purchase warrant. Each warrant is exercisable for one additional common share of the Company at an exercise price of C$1.83 per warrant for a period of one year. (ix) During the year ended January 31, 2020 the Company issued 8,016,388 shares upon the conversion of debentures. (x) On February 19, 2020, the Company amended the terms of the purchase of Phantom Farms, including SDP. The amended terms of the purchase agreement regarding the real estate assets of SDP group resulted in the Company electing to purchase the real estate of the Phantom Farms outdoor grow (two parcels), and SDP receiving 7,132,042 shares of C21 with a fair value of $2,582,903. (xi) On February 21, 2020, the Company repaid the convertible promissory note with a cash payment of $130,000 and the issuance of 95,849 common shares with a fair value of $38,415 (Note 14). (xii) On October 15, 2020, the Company issued 200,000 shares upon the exercise of stock options. (xiii) During the year ended January 31, 2021 the Company issued 19,764,694 shares upon the conversion of debentures. (xiv) On November 23, 2020, the Company issued 456,862 common shares to Swell as part of the purchase agreement dated May 23, 2019 as final settlement of the Company's commitment to issue shares. (xv) On December 30, 2020, the Company issued 19,774 common shares to the vendors of EFF for a partial settlement of the Company's commitment to issue shares. </div> </div> </div> </div> <div> <div> <div> <div> Commitment to issue shares The Company issued a promissory note payable to deliver 2,142,000 shares to the vendors of EFF in the amount of $1,905,635, without interest, any time after October 15, 2018. As at January 31, 2021 shares issued pursuant to this commitment total 1,349,046 shares. The Company committed to issue 7,015,238 shares valued at 3,796,815 to the vendors of Swell companies at December 27, 2019. These shares were issued during the year ended January 31, 2020. The Company committed to issue 456,852 shares valued at $424,688 to the vendors of Swell Companies on November 24, 2020. These shares were issued on November 23, 2020. </div> </div> <div> </div> Warrants </div> </div> <div> <div> The following summarizes the Company's warrant activity: <div> <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td colspan="10" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">Warrants outstanding</td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: justify;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;">Warrants outstanding</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;">Weighted average exercise price - C$ -</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;">Weighted average remaining life (years)</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: justify; background-color: #f2f2f2;">Balance January 31, 2019</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">5,154,045</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">2.05</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;"> 0.86 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Issued - Phantom Farms (Note 3)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">1,700,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">1.50</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Issued - Swell Companies (Note 4)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">1,200,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">1.50</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Issued - Private Placement (xvii)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">2,794,746</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">1.83</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-align: justify; background-color: #f2f2f2;">Exercised</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(915,045</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">1.06</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-align: justify; background-color: #ffffff;">Expired</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(4,239,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">2.27</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: justify; background-color: #f2f2f2;">Balance, January 31, 2020</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">5,694,746</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">1.66</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;"> 0.74 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: justify; background-color: #ffffff;">Issued</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">6,200,000</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">1.00</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; text-align: justify; background-color: #f2f2f2;">Balance, January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">11,894,746</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">1.32</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;"> 1.96 </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> </table> </div> </div> As at January 31, 2021, the following warrants were outstanding and exercisable: <div> <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000;">Expiry Date</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Exercise Price - C$ -</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Number of Warrants</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2;"> February 4, 2021 </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">1.50</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">1,700,000</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> May 28, 2021 </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">1.83</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">2,794,746</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> December 31, 2023 </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">1.00</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">1,922,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> January 30, 2024 </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">1.00</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">4,278,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #f2f2f2;"> May 24, 2024 </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">1.50</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">1,200,000</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; text-align: justify; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">11,894,746</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table> </div> </div> On May 28, 2020, the Company extended the expiry date of the C$1.83 warrants due to expire on May 29, 2020 to expire on May 29, 2021, all other terms remain the same. On November 19, 2020, the Company announced that it had secured an equity commitment from three investment managers and Mr. Newman (the "Investors"), to guarantee the repayment of the 10% Convertible Debentures which remain outstanding at maturity, which is December 31, 2020 and January 30, 2021. Funds advanced by the Investors will be in exchange for common shares to be issued at a price equal to the existing debenture conversion terms of C$0.80 per common share. At November 19, 2020, $6,225,018 (C$8,212,000) was outstanding under these debentures which are convertible at maturity into common shares of the Company at a price of C$0.80 per common share. In consideration of the equity commitment, the Company issued an aggregate of 1,941,084 warrants with respect to the debentures maturing December 31, 2020, and 4,258,916 warrants with respect to the debentures maturing January 30, 2021. In total 6,200,000 warrants were issued. Each warrant will be exercisable for one common share for three years at an exercise price of C$1.00. These warrants are subject to the statutory four month and one day hold period. Value at grant date determined with the following assumptions: life of 3 years, volatility of 80%, risk free rate of return 0.18% to 0.25%, dividend yield of 0%, and forfeiture rate of 0%. The Company recorded interest expense of $2,116,192 (C$2,764,382) with respect to the warrants issued (2020 - $nil). </div> </div> <div> </div> <div> <div> Stock options The Company is authorized to grant options to executive officers and directors, employees and consultants, enabling them to acquire up to 10% of the issued and outstanding common shares of the Company. The exercise price of each option equals the market price of the Company's shares as calculated on the date of grant. The options can be granted for a maximum term of 10 years. Vesting is determined by the Board of Directors. The Company adopted a Restricted Stock Unit plan (the "Plan") on July 17, 2018 but has not issued any units under the Plan. The Plan allows for up to 750,000 total units to be issued, adjustable upon approval by the compensation committee, but not to exceed 10% of common shares outstanding. On January 28, 2021, the Company issued 150,000 stock options. Each stock option entitles the holder to purchase one common share of the Company at $1.50 per common share. The options vest over a two-year period and expire on January 28, 2024. Value at grant date determined with the following assumptions: life of 3 years, volatility of 80%, risk free rate of 0.19%, dividend yield of 0% and forfeiture rate of 0%. On August 17, 2020, the Company issued 3,905,000 stock options. Each stock option entitles the holder to purchase one common share of the Company at $0.70 per common share. The options vest over a two-year period and expire on August 17, 2023. Value at grant date determined with the following assumptions: life of 3 years, volatility of 80%, risk free rate of return 0.29%, dividend yield of 0%, and forfeiture rate of 0%. On January 24, 2020, the Company granted incentive stock options to purchase an aggregate of 100,000 common shares at an exercise prices of C$0.80 vesting over a 1-year period, expiring at close of business January 24, 2023. Value at grant date determined with the following assumptions: life of 3 years, volatility of 100%, risk free rate of return 1.46%, dividend yield of 0%, and forfeiture rate of 0%. During the year ended January 31, 2021, 200,000 (2020 - 80,000) options were exercised for proceeds of $98,950 (C$130,000) (2020 - $39,028). Details of the Company's stock option activity are as follows: </div> </div> <div> <div> <div> <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td colspan="10" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;">Options outstanding and exercisable</td> </tr> <tr> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 1.5pt solid #000000;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap;">Options outstanding and exercisable</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap;">Weighted average exercise price - C$ -</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap;">Weighted average remaining life (years)</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: center;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: justify; background-color: #f2f2f2;">Balance January 31, 2019</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">2,520,000</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">2.41</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;"> 2.30 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Granted</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">1,830,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">1.14</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Exercised</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(80,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">0.65</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-align: justify; background-color: #ffffff;">Expired/Cancelled</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(1,015,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">2.28</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: justify; background-color: #f2f2f2;">Balance, January 31, 2020</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">3,255,000</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">1.78</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;"> 2.18 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-align: justify; background-color: #ffffff;">Granted</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">4,055,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">0.73</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-align: justify; background-color: #f2f2f2;">Exercised</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(200,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">0.65</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: justify; background-color: #ffffff;">Expired/Cancelled</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">(145,000</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">0.71</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; text-align: justify; background-color: #f2f2f2;">Balance January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">6,965,000</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">1.22</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;"> 2.05 </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> </table> </div> </div> <div> </div> <div style="margin-left: 36pt;"> As at January 31, 2021, the following stock options were outstanding and exercisable: </div> <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000; margin: auto;"> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; width: null;">Expiry Date</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Exercise Price - C$ -</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">January 31, 2021 Outstanding</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">January 31, 2021 Exercisable</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; width: null;"> June 25, 2021 </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">2.80</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">1,350,000</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">1,350,000</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; width: null;"> February 5, 2022 </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">1.11</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">460,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">460,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2; width: null;"> October 9, 2022 </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">1.38</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">500,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">500,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; width: null;"> January 24, 2023 </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">0.80</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">100,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">100,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2; width: null;"> August 17, 2023 </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">0.70</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">3,905,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">1,301,667</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; width: null;"> January 28, 2024 </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">1.50</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">150,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">50,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #f2f2f2; width: null;"> October 9, 2024 </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">1.00</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">500,000</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">500,000</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; text-align: justify; background-color: #ffffff; width: null;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">6,965,000</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">4,261,667</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table> </div> <div style="margin-left: 36pt;"> During the year ended January 31, 2021, the Company recorded a share-based compensation expense of $494,435 (2020 - $492,631). The fair value of stock options was calculated using the Black-Scholes Option Pricing Model using the following weighted average assumptions: <div> <div> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;">2021</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;">2020</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Risk-free rate</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">0.19%</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">0.29%</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Expected life of options</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">3 years</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">3 years</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Annualized volatility</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">80%</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">80%</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; background-color: #ffffff;">Dividend rate</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">0%</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">0%</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table> </div> </div> </div> </div> </div> </div>

<div> <div> <div> <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; text-align: justify;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">Number of Shares</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">Amount</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: justify; background-color: #f2f2f2;">Balance, January 31, 2019</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">58,505,255</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">52,923,983</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Shares issued - acquisition of Phantom Farms (i)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">2,670,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">2,507,138</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Shares issued - conversion of promissory note (ii)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">977,479</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">660,647</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Shares issued - warrant exercises (iii)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">915,545</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">1,018,748</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Shares issued - option exercises (iv)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">80,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">77,980</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Shares issued - acquisition of Swell (v)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">8,281,905</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">4,927,178</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Shares issued - acquisition of EFF building (vi)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">3,983,886</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">4,136,646</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Shares issued - partial settlement of EFF share payment note (vii)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">368,688</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">368,688</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Shares issued - private placement (viii)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">5,589,493</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">4,895,379</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Shares issued - conversion of debentures (ix)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">8,016,388</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">4,539,991</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #f2f2f2;">Share issue costs</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">(28,110</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: justify; background-color: #ffffff;">Balance, January 31, 2020</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">89,388,639</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">76,028,268</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Shares issued - acquisition of Phantom Farms (x)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">7,132,042</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">2,582,903</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Shares issued - Megawood (xi)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">95,849</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">38,415</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Shares issued - option exercises (xii)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">200,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">197,708</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Shares issued - conversion of debentures (xiii)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">19,764,694</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">12,939,401</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Shares issued - Swell commitment (xiv)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">456,862</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">429,582</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Shares issued - EFF commitment (xv)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">19,774</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">21,371</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; text-align: justify; background-color: #f2f2f2;">Balance, January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">117,057,860</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">92,237,648</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> </table> </div> </div> </div> <div> <div> (i) On February 4, 2019, the Company issued 2,670,000 shares as consideration for the purchase of Phantom Farms (Note 3). (ii) On February 7, 2019, the Company issued 977,479 shares to a vendor of EFF upon conversion of a portion of the convertible promissory note payable. (iii) During the year ended January 31, 2020, the Company issued 915,545 shares upon the exercise of warrants. (iv) During the year ended January 31, 2020, the Company issued 80,000 shares upon the exercise of stock options. (v) On May 24 and December 27, 2019, the Company issued 1,266,667 shares and 7,015,238 shares, respectively, as consideration for the purchase of Swell Companies (Note 4). (vi) On May 10, 2019, the Company issued 3,983,886 shares as consideration for the purchase of the building and land that EFF was previously leasing. (vii) On June 12, 2019, the Company issued 368,688 shares to a vendor of EFF for a partial payment of the Company's commitment to issue shares. <div> </div> (viii) On May 28, 2019, the Company completed a non-brokered private placement financing of 5,589,493 shares at C$1.38, for total gross proceeds of $5,847,135 (C$7,713,500). Each unit is comprised of one common share of the Company and one half of one common share purchase warrant. Each warrant is exercisable for one additional common share of the Company at an exercise price of C$1.83 per warrant for a period of one year. (ix) During the year ended January 31, 2020 the Company issued 8,016,388 shares upon the conversion of debentures. (x) On February 19, 2020, the Company amended the terms of the purchase of Phantom Farms, including SDP. The amended terms of the purchase agreement regarding the real estate assets of SDP group resulted in the Company electing to purchase the real estate of the Phantom Farms outdoor grow (two parcels), and SDP receiving 7,132,042 shares of C21 with a fair value of $2,582,903. (xi) On February 21, 2020, the Company repaid the convertible promissory note with a cash payment of $130,000 and the issuance of 95,849 common shares with a fair value of $38,415 (Note 14). (xii) On October 15, 2020, the Company issued 200,000 shares upon the exercise of stock options. (xiii) During the year ended January 31, 2021 the Company issued 19,764,694 shares upon the conversion of debentures. (xiv) On November 23, 2020, the Company issued 456,862 common shares to Swell as part of the purchase agreement dated May 23, 2019 as final settlement of the Company's commitment to issue shares. (xv) On December 30, 2020, the Company issued 19,774 common shares to the vendors of EFF for a partial settlement of the Company's commitment to issue shares. </div> </div> </div>

58505255

52923983

2670000

2507138

977479 660647 915545

1018748

80000

77980

8281905

4927178

3983886

4136646

368688 368688

5589493

4895379

8016388

4539991

28110

89388639

76028268

7132042

2582903

95849 38415 200000

197708

19764694

12939401

456862 429582 19774 21371

117057860

92237648

2670000 977479 915545 80000 1266667 7015238 3983886 368688

5589493

1.38

5847135

7713500

1.83 8016388 7132042

2582903

130000 95849 38415 200000 19764694 456862 19774 2142000 1905635 1349046 7015238 3796815 456852 424688 <div> <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td colspan="10" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">Warrants outstanding</td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: justify;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;">Warrants outstanding</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;">Weighted average exercise price - C$ -</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;">Weighted average remaining life (years)</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: justify; background-color: #f2f2f2;">Balance January 31, 2019</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">5,154,045</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">2.05</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;"> 0.86 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Issued - Phantom Farms (Note 3)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">1,700,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">1.50</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Issued - Swell Companies (Note 4)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">1,200,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">1.50</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Issued - Private Placement (xvii)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">2,794,746</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">1.83</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-align: justify; background-color: #f2f2f2;">Exercised</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(915,045</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">1.06</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-align: justify; background-color: #ffffff;">Expired</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(4,239,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">2.27</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: justify; background-color: #f2f2f2;">Balance, January 31, 2020</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">5,694,746</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">1.66</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;"> 0.74 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: justify; background-color: #ffffff;">Issued</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">6,200,000</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">1.00</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; text-align: justify; background-color: #f2f2f2;">Balance, January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">11,894,746</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">1.32</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;"> 1.96 </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> </table> </div> </div> 5154045 2.05 P0Y10M9D 1700000 1.5 1200000 1.5 2794746 1.83 915045 1.06 4239000 2.27 5694746 1.66 P0Y8M26D 6200000 1 11894746 1.32 P1Y11M15D <div> <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000;">Expiry Date</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Exercise Price - C$ -</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Number of Warrants</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2;"> February 4, 2021 </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">1.50</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">1,700,000</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> May 28, 2021 </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">1.83</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">2,794,746</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;"> December 31, 2023 </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">1.00</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">1,922,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> January 30, 2024 </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">1.00</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">4,278,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #f2f2f2;"> May 24, 2024 </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">1.50</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">1,200,000</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; text-align: justify; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">11,894,746</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table> </div> </div> 2021-02-04 1.5 1700000 2021-05-28 1.83 2794746 2023-12-31 1 1922000 2024-01-30 1 4278000 2024-05-24 1.5 1200000 11894746 1.83

On November 19, 2020, the Company announced that it had secured an equity commitment from three investment managers and Mr. Newman (the "Investors"), to guarantee the repayment of the 10% Convertible Debentures which remain outstanding at maturity, which is December 31, 2020 and January 30, 2021.

0.8 6225018 8212000 1941084 4258916 6200000 1 0.80 0.0018 0.0025 0 0 2116192 2764382

The exercise price of each option equals the market price of the Company's shares as calculated on the date of grant. The options can be granted for a maximum term of 10 years.

750000

0.10

150000

1.5

0.80

0.0019

3905000

0.7

0.80

0.0029

100000

0.8

P1Y

0.0146

0 200000 80000

98950

130000

39028

<div> <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td colspan="10" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;">Options outstanding and exercisable</td> </tr> <tr> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 1.5pt solid #000000;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap;">Options outstanding and exercisable</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap;">Weighted average exercise price - C$ -</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: center; white-space: nowrap;">Weighted average remaining life (years)</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: center;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: justify; background-color: #f2f2f2;">Balance January 31, 2019</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">2,520,000</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">2.41</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;"> 2.30 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Granted</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">1,830,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">1.14</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Exercised</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(80,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">0.65</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-align: justify; background-color: #ffffff;">Expired/Cancelled</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(1,015,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">2.28</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: justify; background-color: #f2f2f2;">Balance, January 31, 2020</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">3,255,000</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">1.78</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;"> 2.18 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-align: justify; background-color: #ffffff;">Granted</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">4,055,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">0.73</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-align: justify; background-color: #f2f2f2;">Exercised</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(200,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">0.65</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: justify; background-color: #ffffff;">Expired/Cancelled</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">(145,000</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">0.71</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; text-align: justify; background-color: #f2f2f2;">Balance January 31, 2021</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">6,965,000</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">1.22</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;"> 2.05 </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> </table> </div> </div>

2520000

2.41

P2Y3M18D

1830000

1.14

80000

0.65

1015000

2.28

3255000

1.78

P2Y2M4D

4055000

0.73

200000

0.65

145000

0.71

6965000

1.22

P2Y18D

<div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000; margin: auto;"> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; width: null;">Expiry Date</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Exercise Price - C$ -</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">January 31, 2021 Outstanding</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">January 31, 2021 Exercisable</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2; width: null;"> June 25, 2021 </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">2.80</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">1,350,000</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">1,350,000</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; width: null;"> February 5, 2022 </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">1.11</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">460,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">460,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2; width: null;"> October 9, 2022 </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">1.38</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">500,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">500,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; width: null;"> January 24, 2023 </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">0.80</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">100,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">100,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2; width: null;"> August 17, 2023 </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">0.70</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">3,905,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">1,301,667</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; width: null;"> January 28, 2024 </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">1.50</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">150,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">50,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #f2f2f2; width: null;"> October 9, 2024 </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">1.00</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">500,000</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">500,000</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; text-align: justify; background-color: #ffffff; width: null;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">6,965,000</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">4,261,667</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table> </div>

2021-06-25

2.8

1350000

2022-02-05

1.11

460000

2022-10-09

1.38

500000

2023-01-24

0.8

100000

2023-08-17

0.7

3905000

1301667

2024-01-28

1.5

150000

50000

2024-10-09

500000

6965000

4261667

494435

492631

<div> <div> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;">2021</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;">2020</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Risk-free rate</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">0.19%</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">0.29%</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Expected life of options</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">3 years</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">3 years</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Annualized volatility</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">80%</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">80%</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; background-color: #ffffff;">Dividend rate</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">0%</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">0%</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table> </div> </div>

0.0019

0.0029

0.80

<div> <div> 19. GENERAL AND ADMINISTRATIVE EXPENSE </div> </div> <div> <div> General and administration expenses for the year ended January 31, 2021 and 2020 were comprised of the following: <div style="margin-left: 36pt;"> <div> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td colspan="1" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td colspan="4" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Year ended January 31,</td> <td colspan="1" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; text-align: center; white-space: nowrap;">2021</td> <td style="vertical-align: bottom; background-color: #ffffff; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">2020</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center; white-space: nowrap;">-$-</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center; white-space: nowrap;">-$-</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Salaries and wages</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">3,046,595</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">5,526,408</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Professional fees and consulting</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">642,389</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">922,861</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Accounting and legal</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">501,855</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">596,984</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Travel and entertainment</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">102,046</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">430,301</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Foreign exchange loss (gain)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">2,156</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">(34,884</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">License fees, taxes and insurance</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">1,849,571</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">992,437</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Office facilities and administrative</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">417,131</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">499,504</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Shareholder communications</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">15,834</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">7,237</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #ffffff;">Other</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">394,165</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">359,629</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">6,971,742</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">9,300,477</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table> </div> </div> </div> </div>

<div> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td colspan="1" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td colspan="4" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Year ended January 31,</td> <td colspan="1" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; text-align: center; white-space: nowrap;">2021</td> <td style="vertical-align: bottom; background-color: #ffffff; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">2020</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center; white-space: nowrap;">-$-</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center; white-space: nowrap;">-$-</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Salaries and wages</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">3,046,595</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">5,526,408</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Professional fees and consulting</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">642,389</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">922,861</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Accounting and legal</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">501,855</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">596,984</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Travel and entertainment</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">102,046</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">430,301</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Foreign exchange loss (gain)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">2,156</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">(34,884</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">License fees, taxes and insurance</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">1,849,571</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">992,437</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Office facilities and administrative</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">417,131</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">499,504</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Shareholder communications</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">15,834</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #ffffff;">7,237</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #ffffff;">Other</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">394,165</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">359,629</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">6,971,742</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #ffffff;">9,300,477</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table> </div>

3046595

5526408

642389

922861

501855 596984

102046

430301

2156

-34884

1849571 992437

417131

499504

15834

7237

394165

359629

6971742

9300477

20. SEGMENTED INFORMATION <div> The Company defines its major geographic operating segments as Oregon and Nevada. Due to the jurisdictional cannabis compliance issues ever-present in the industry, each state operation is by nature operationally segmented. <div> </div> Key decision makers primarily review revenue, cost of sales expense, and gross margin as the primary indicators of segment performance. As the Company continues to expand via acquisition, the segmented information will expand based on management's agreed upon allocation of costs beyond gross margin. Segmented operational activity and balances are as follows: <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000;">January 31, 2021</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Oregon</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Nevada</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Corporate</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Consolidated</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2;">Total revenue</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">2,661,223</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">33,466,063</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">36,127,286</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Gross profit</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">717,650</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">17,934,505</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">18,652,155</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Operating expenses:</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-indent: 9pt; background-color: #ffffff;">General and administration</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(668,041</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(3,506,509</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(2,797,192</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(6,971,742</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-indent: 9pt; background-color: #f2f2f2;">Sales, marketing, and promotion</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(27,932</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(136,697</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(1,850</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(166,479</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-indent: 9pt; background-color: #ffffff;">Depreciation and amortization</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(393,804</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(1,667,339</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(51,121</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(2,112,264</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-indent: 9pt; background-color: #f2f2f2;">Share-based compensation</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(494,435</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(494,435</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Impairment of inventory</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(1,384,922</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;"> - </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(1,384,922</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #f2f2f2;">Interest, accretion, and other</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">(1,123,018</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">(100,028</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">(10,039,238</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">(11,262,284</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #ffffff;">Net profit (loss) before taxes</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">(2,880,067</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">12,523,932</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">(13,383,836</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">(3,739,971</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 1.5pt solid #000000; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #ffffff;">Assets</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">9,206,964</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">26,178,106</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">33,424,439</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">68,809,509</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Liabilities</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">2,635,899</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">9,696,697</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">31,138,412</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">43,471,008</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> </table> </div> <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000;">January 31, 2020</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Oregon</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Nevada</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Corporate</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Consolidated</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2;">Total revenue</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">5,503,872</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">32,201,223</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">37,705,095</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Gross profit (loss)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(1,006,077</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">14,144,123</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">13,138,046</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Operating expenses</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(2,007,400</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(6,455,101</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(5,856,652</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(14,319,153</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Impairment of goodwill, assets</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(26,514,747</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(26,514,747</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #f2f2f2;">Interest, accretion, and other</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">(1,540,265</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">7,979</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">387,173</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">(1,145,113</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; background-color: #ffffff;">Net profit (loss) before taxes</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">(31,068,489</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">7,697,001</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">(5,469,479</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">(28,840,967</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 1.5pt solid #000000; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #ffffff;">Assets</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">9,646,005</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">21,149,800</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">30,654,280</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">61,450,085</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Liabilities</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">3,079,174</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">4,164,557</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">40,626,800</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">47,870,531</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> </table> </div> </div>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000;">January 31, 2021</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Oregon</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Nevada</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Corporate</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Consolidated</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2;">Total revenue</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">2,661,223</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">33,466,063</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">36,127,286</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Gross profit</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">717,650</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">17,934,505</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">18,652,155</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Operating expenses:</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-indent: 9pt; background-color: #ffffff;">General and administration</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(668,041</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(3,506,509</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(2,797,192</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(6,971,742</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-indent: 9pt; background-color: #f2f2f2;">Sales, marketing, and promotion</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(27,932</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(136,697</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(1,850</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(166,479</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-indent: 9pt; background-color: #ffffff;">Depreciation and amortization</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(393,804</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(1,667,339</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(51,121</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(2,112,264</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-indent: 9pt; background-color: #f2f2f2;">Share-based compensation</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(494,435</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(494,435</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Impairment of inventory</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(1,384,922</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;"> - </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(1,384,922</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #f2f2f2;">Interest, accretion, and other</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">(1,123,018</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">(100,028</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">(10,039,238</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">(11,262,284</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #ffffff;">Net profit (loss) before taxes</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">(2,880,067</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">12,523,932</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">(13,383,836</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">(3,739,971</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 1.5pt solid #000000; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #ffffff;">Assets</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">9,206,964</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">26,178,106</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">33,424,439</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">68,809,509</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Liabilities</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">2,635,899</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">9,696,697</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">31,138,412</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">43,471,008</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000;">January 31, 2020</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Oregon</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Nevada</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Corporate</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Consolidated</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2;">Total revenue</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">5,503,872</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">32,201,223</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">37,705,095</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Gross profit (loss)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(1,006,077</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">14,144,123</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">13,138,046</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Operating expenses</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(2,007,400</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(6,455,101</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(5,856,652</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(14,319,153</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Impairment of goodwill, assets</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(26,514,747</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">(26,514,747</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #f2f2f2;">Interest, accretion, and other</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">(1,540,265</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">7,979</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">387,173</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">(1,145,113</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; background-color: #ffffff;">Net profit (loss) before taxes</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">(31,068,489</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">7,697,001</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">(5,469,479</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">(28,840,967</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;">)</td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 1.5pt solid #000000; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #ffffff;">Assets</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">9,646,005</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">21,149,800</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">30,654,280</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">61,450,085</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #f2f2f2;">Liabilities</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">3,079,174</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">4,164,557</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">40,626,800</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">47,870,531</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> </table>

2661223

33466063

36127286

717650

17934505

18652155

668041

3506509

2797192

6971742

27932

136697

1850

166479

393804

1667339

51121

2112264

494435

1384922

1123018 100028 10039238 11262284

-2880067

12523932

-13383836

-3739971

9206964

26178106

33424439

68809509

2635899

9696697

31138412

43471008

5503872

32201223

37705095

-1006077

14144123

13138046

2007400

6455101

5856652

14319153

26514747 0 0 26514747 1540265 -7979 -387173 1145113

-31068489

7697001

-5469479

-28840967

9646005

21149800

30654280

61450085

3079174

4164557

40626800

47870531

<div> <div> <div> 21. COMMITMENTS </div> </div> <div> <div> The Company and its subsidiaries are committed under lease agreements with third parties and related parties, for land, office space, and equipment in Nevada and Oregon. At January 31, 2021, the Company has the following future minimum payments: <div style="margin-left: 36pt;"> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;">Third Parties</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;">Related Parties</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;">Total</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2;">2022</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">277,214</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">1,431,192</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">1,708,406</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">2023</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">232,961</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">1,467,282</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">1,700,243</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">2024</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">224,513</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">1,504,455</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">1,728,968</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">2025</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">80,414</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">1,314,551</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">1,394,965</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">2026</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">45,743</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">1,353,987</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">1,399,730</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #ffffff;">Thereafter</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">415,496</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">10,405,121</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">10,820,617</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">1,276,341</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">17,476,588</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">18,752,929</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> </table> </div> </div> </div> </div>

<div> <div> <div> 22. SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS Supplemental and non-cash transactions during the year ended January 31, 2021 <table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Times New Roman, Times, serif; width: 100%;"> <tr> <td style="vertical-align: top; width: 60pt;"> </td> <td style="vertical-align: top; width: 22pt;"> <div style="margin: 0; padding: 0;">•</div> </td> <td style="vertical-align: top; width: 1181.78pt;"> <div>There were interest payments of $2,515,446 and income taxes of $2,832,676 paid.</div> </td> </tr> <tr> <td style="vertical-align: top; width: 60pt;"> </td> <td style="vertical-align: top; width: 22pt;"> <div style="margin: 0; padding: 0;">•</div> </td> <td style="vertical-align: top; width: 1181.78pt;"> <div>The Company issued 7,132,042 common shares valued at $2,582,903 pursuant to the amended terms of the purchase of Phantom Farms, including SDP.</div> </td> </tr> <tr> <td style="vertical-align: top; width: 60pt;"> </td> <td style="vertical-align: top; width: 22pt;"> <div style="margin: 0; padding: 0;">•</div> </td> <td style="vertical-align: top; width: 1181.78pt;"> <div>The Company issued 95,849 common shares value at $38,415 as partial repayment of the $175,000 convertible promissory note related to the Megawood acquisition.</div> </td> </tr> <tr> <td style="vertical-align: top; width: 60pt;"> </td> <td style="vertical-align: top; width: 22pt;"> <div style="margin: 0; padding: 0;">•</div> </td> <td style="vertical-align: top; width: 1181.78pt;"> <div>The Company issued 456,862 common shares valued at $429,582 to Swell as part of the purchase agreement dated May 23, 2019 as settlement of a commitment to issue shares.</div> </td> </tr> <tr> <td style="vertical-align: top; width: 60pt;"> </td> <td style="vertical-align: top; width: 22pt;"> <div style="margin: 0; padding: 0;">•</div> </td> <td style="vertical-align: top; width: 1181.78pt;"> <div>The Company issued 19,774 common shares valued at $21,371 to the vendors of EFF for a partial settlement of the commitment to issue shares.</div> </td> </tr> </table> Supplemental and non-cash transactions during the year ended January 31, 2020 <table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Times New Roman, Times, serif; width: 100%;"> <tr> <td style="vertical-align: top; width: 60pt;"> </td> <td style="vertical-align: top; width: 22pt;"> <div style="margin: 0; padding: 0;">•</div> </td> <td style="vertical-align: top; width: 1181.78pt;"> <div>There were interest payments of $3,291,295 and no income taxes were paid.</div> </td> </tr> <tr> <td style="vertical-align: top; width: 60pt;"> </td> <td style="vertical-align: top; width: 22pt;"> <div style="margin: 0; padding: 0;">•</div> </td> <td style="vertical-align: top; width: 1181.78pt;"> <div>The Company issued 2,670,000 common shares valued at $2,507,138 for the acquisition of Phantom Farms.</div> </td> </tr> <tr> <td style="vertical-align: top; width: 60pt;"> </td> <td style="vertical-align: top; width: 22pt;"> <div style="margin: 0; padding: 0;">•</div> </td> <td style="vertical-align: top; width: 1181.78pt;"> <div>The Company issued 1,266,667 common shares valued at $1,130,363 for the acquisition of Swell Companies.</div> </td> </tr> <tr> <td style="vertical-align: top; width: 60pt;"> </td> <td style="vertical-align: top; width: 22pt;"> <div style="margin: 0; padding: 0;">•</div> </td> <td style="vertical-align: top; width: 1181.78pt;"> <div>The Company issued 7,015,238 common shares valued at $3,796,815 for the acquisition of Swell Companies.</div> </td> </tr> <tr> <td style="vertical-align: top; width: 60pt;"> </td> <td style="vertical-align: top; width: 22pt;"> <div style="margin: 0; padding: 0;">•</div> </td> <td style="vertical-align: top; width: 1181.78pt;"> <div>The Company issued 3,983,886 common shares valued at $4,136,646 for the purchase of a building.</div> </td> </tr> <tr> <td style="vertical-align: top; width: 60pt;"> </td> <td style="vertical-align: top; width: 22pt;"> <div style="margin: 0; padding: 0;">•</div> </td> <td style="vertical-align: top; width: 1181.78pt;"> <div>The Company issued 368,688 common shares valued at $368,688 to settle a portion of a share payment note.</div> </td> </tr> <tr> <td style="vertical-align: top; width: 60pt;"> </td> <td style="vertical-align: top; width: 22pt;"> <div style="margin: 0; padding: 0;">•</div> </td> <td style="vertical-align: top; width: 1181.78pt;"> <div>The Company issued 8,016,388 common shares valued at $4,539,991 upon the conversion of debentures.</div> </td> </tr> <tr> <td style="vertical-align: top; width: 60pt;"> </td> <td style="vertical-align: top; width: 22pt;"> <div style="margin: 0; padding: 0;">•</div> </td> <td style="vertical-align: top; width: 1181.78pt;"> <div>The Company issued 977,479 common shares valued at $660,647 upon the conversion of a portion of a convertible promissory note.</div> </td> </tr> <tr> <td style="vertical-align: top; width: 60pt;"> </td> <td style="vertical-align: top; width: 22pt;"> <div style="margin: 0; padding: 0;">•</div> </td> <td style="vertical-align: top; width: 1181.78pt;"> <div>Transfer from reserves to share capital of $289,159 and $38,952 on exercise of warrants and options respectively</div> </td> </tr> </table> </div> </div> </div>

2515446 2832676 7132042 2582903 95849 38415 175000 456862 429582 19774 21371 3291295 2670000 2507138 1266667 1130363 7015238 3796815 3983886 4136646 368688 368688 8016388 4539991 977479 660647 289159 38952

<div> <div> <div> 23. TAXATION </div> </div> <div> <div> The Company reconciles the expected tax expense at the U.S. statutory tax rate of 21% to the amount recognized in the statement of loss and comprehensive loss. Since the Company operates in the United States cannabis industry, the Company is subject to U.S. Internal Revenue Code section 280E for U.S. federal income tax purposes; and therefore, is subject to the disallowance of ordinary and necessary business deductions for income tax purposes pursuant to section 280E. Consequently, the Company is only allowed to deduct 1) direct production costs and indirect production costs incident to and necessary for production and 2) costs incurred to purchase goods that are resold, including transportation or other necessary charges incurred in acquiring possession of the goods. This results in permanent differences between ordinary and necessary business expenses deemed non-allowable under IRC section 280E. However, the State of Oregon does not conform to IRC section 280E and thus the Company deducts all operating expenses on its Oregon corporate tax return. <div> </div> Additionally, the State of Nevada does not assess income tax and therefore no income tax provision for Nevada has been calculated. The reconciliation of income taxes at statutory rates with the reported taxes is as follows for the years ended January 31, 2021 and 2020: <div style="margin-left: 36pt;"> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td colspan="1" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td colspan="4" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Year ended January 31,</td> <td colspan="1" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">2021</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">2020</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center; white-space: nowrap;">-$-</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center; white-space: nowrap;">-$-</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000;">Loss for the year</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">(3,739,971</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%;">(28,840,967</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;">)</td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000;">Statutory tax rates</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">27%</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;">27%</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Expected income tax recovery</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">(1,009,792</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">(7,787,061</td> <td style="vertical-align: bottom; text-align: left; width: 2%;">)</td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Change in statutory, foreign tax, foreign exchange rates and other</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">(1,141,010</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">3,135,069</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Permanent differences</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">3,561,240</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">8,006,873</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Share issue costs</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">(7,733</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">(7,590</td> <td style="vertical-align: bottom; text-align: left; width: 2%;">)</td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Change in unrecognized deductible temporary differences</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">963,341</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">367,375</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000;">Total income tax expense</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">2,366,046</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%;">3,714,666</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table> </div> Current income tax expense for the year ended January 31, 2021 represents current and deferred taxation arising from business operations in the United States. The significant components of the Company's deferred tax assets that have not been included on the consolidated statement of financial position are as follows at January 31, 2021 and 2020: </div> </div> <div> <div> <div> <div> <div style="margin-left: 36pt;"> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td colspan="4" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;">Year ended January 31,</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center;">2021</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center;">2020</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center;">-$-</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center;">-$-</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000;">Deferred tax assets (liabilities)</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Exploration and evaluation assets</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">1,258,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">254,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Property and equipment</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">(236,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">1,012,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Share issue costs</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">499,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">611,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Biological assets</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">(885,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">186,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Intangible assets</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">(1,784,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">619,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Goodwill</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">3,984,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Marketable securities</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">2,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Asset retirement obligation</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">15,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">15,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Right-of-use assets</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">(2,051,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Lease liabilities</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">2,127,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Allowable capital losses</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">138,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">36,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000;">Non-capital losses available for future period</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">4,551,000</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%;">3,918,000</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">7,616,000</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;">6,653,000</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000;">Unrecognized deferred tax assets</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">(7,616,000)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;">(6,653,000)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000;">Deferred tax assets</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table> </div> </div> </div> </div> </div> <div> </div> <div> <div> The significant components of the Company's temporary differences, unused tax credits and unused tax losses that have not been included in the consolidated statement of financial position are as follows at January 31, 2021 and 2020: <div style="margin-left: 36pt;"> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">2021</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td rowspan="2" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td rowspan="2" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Expiry Date Range </td> <td rowspan="2" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">2020</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center; white-space: nowrap;">-$-</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center; white-space: nowrap;">-$-</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000;">Temporary Differences</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Exploration and evaluation assets</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">4,661,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;"> No expiry date </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;">942,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Property and equipment</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(1,125,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;"> No expiry date </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;">4,819,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Share issue costs</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">1,847,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;"> 2038 to 2041 </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;">2,262,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Biological assets</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(4,213,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;"> No expiry date </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;">886,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Intangible assets</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(8,494,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;"> No expiry date </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;">2,949,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Goodwill</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">18,970,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;"> No expiry date </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Marketable securities</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;"> No expiry date </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;">15,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Asset retirement obligation</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">55,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;"> No expiry date </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;">54,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Right-of-use assets</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(9,766,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;"> No expiry date </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Lease liabilities</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">10,129,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;"> No expiry date </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Allowable capital losses</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">513,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;"> No expiry date </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;">135,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000;"> Non-capital losses available for future periods</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">16,856,000</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%;"> Varies </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%;">14,511,000</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000;"> Canada</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">16,856,000</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%;"> 2026 to 2041 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%;">14,511,000</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000;"> USA</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 10%;"> No expiry date </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 10%;">-</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table> </div> </div> </div> </div>

0.21

-3739971

-28840967

0.27

-1009792

-7787061

-1141010

3135069

3561240

8006873

-7733 -7590 963341 367375

2366046

3714666

<div> <div> <div> <div> <div style="margin-left: 36pt;"> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td colspan="4" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;">Year ended January 31,</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center;">2021</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center;">2020</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center;">-$-</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center;">-$-</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000;">Deferred tax assets (liabilities)</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Exploration and evaluation assets</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">1,258,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">254,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Property and equipment</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">(236,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">1,012,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Share issue costs</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">499,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">611,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Biological assets</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">(885,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">186,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Intangible assets</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">(1,784,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">619,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Goodwill</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">3,984,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Marketable securities</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">2,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Asset retirement obligation</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">15,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">15,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Right-of-use assets</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">(2,051,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Lease liabilities</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">2,127,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Allowable capital losses</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">138,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">36,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000;">Non-capital losses available for future period</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">4,551,000</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%;">3,918,000</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">7,616,000</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;">6,653,000</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000;">Unrecognized deferred tax assets</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">(7,616,000)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;">(6,653,000)</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000;">Deferred tax assets</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table> </div> </div> </div> </div> </div>

-1258000

-254000

236000

-1012000

-499000

-611000

885000

-186000

1784000

-619000

-3984000

-2000

-15000

2051000

-2127000

-138000

-36000

-4551000

-3918000

-7616000

-6653000

7616000

6653000

<table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">2021</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td rowspan="2" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td rowspan="2" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Expiry Date Range </td> <td rowspan="2" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">2020</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center; white-space: nowrap;">-$-</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center; white-space: nowrap;">-$-</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000;">Temporary Differences</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Exploration and evaluation assets</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">4,661,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;"> No expiry date </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;">942,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Property and equipment</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(1,125,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;"> No expiry date </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;">4,819,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Share issue costs</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">1,847,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;"> 2038 to 2041 </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;">2,262,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Biological assets</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(4,213,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;"> No expiry date </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;">886,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Intangible assets</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(8,494,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;"> No expiry date </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;">2,949,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Goodwill</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">18,970,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;"> No expiry date </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Marketable securities</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;"> No expiry date </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;">15,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Asset retirement obligation</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">55,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;"> No expiry date </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;">54,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Right-of-use assets</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">(9,766,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;"> No expiry date </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Lease liabilities</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">10,129,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;"> No expiry date </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Allowable capital losses</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">513,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;"> No expiry date </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%;">135,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000;"> Non-capital losses available for future periods</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">16,856,000</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%;"> Varies </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 10%;">14,511,000</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000;"> Canada</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">16,856,000</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%;"> 2026 to 2041 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 10%;">14,511,000</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000;"> USA</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 10%;"> No expiry date </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 10%;">-</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table>

4661000

No expiry date

942000

-1125000

No expiry date

4819000

1847000

2038 to 2041

2262000

-4213000

No expiry date

886000

-8494000

No expiry date

2949000

18970000

No expiry date

15000

55000

No expiry date

54000

-9766000

No expiry date

10129000

No expiry date

513000

No expiry date

135000

16856000

Varies

14511000

16856000

2026 to 2041

14511000

No expiry date

24. FINANCIAL RISK MANAGEMENT The Board of Directors approves and monitors the risk management processes, inclusive of documented investment policies, counterparty limits, and controlling and reporting structures. The type of risk exposure and the way in which such exposure is managed is provided as follows: Credit risk <div> <div style="margin-left: 36pt; text-align: justify; margin-bottom: 10pt;">Credit risk is the possibility of a loss to the Company resulting from a borrower's failure to repay a loan or meet contractual obligations. The Company's primary exposure to credit risk is on its cash held in bank accounts, accounts receivable, and its notes receivable from acquisition targets. The Company's cash is deposited in bank accounts held with a major bank in Canada, a trust company in Canada, and two credit unions in Oregon and Colorado; and accordingly, there is a concentration of credit risk. This risk is managed by using a major bank that is a high credit quality financial institution as determined by rating agencies.</div> </div> Liquidity risk <div> </div> Liquidity risk is the risk that the Company will not be able to meet its obligations as they become due. The Company's ability to continue as a going concern is dependent on management's ability to raise required funding through future equity or debt issuances. The Company manages its liquidity risk by forecasting cash flows from operations and anticipating any investing and financing activities. Management and the Board of Directors are actively involved in the review, planning and approval of significant expenditures and commitments. <div> </div> The following table summarizes the Company's financial liabilities at January 31, 2021: <div style="margin-left: 36pt;"> <div> <div> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-color: #000000; font-size: 10pt; width: 100%;"> <tr> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000;">Maturity analysis of financial liabilities</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;">Total</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;">Within 1 year</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;">1 - 5 years</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;">Greater than 5 years</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2;">Accounts payable and accrued liabilities</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">2,680,996</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">2,680,996</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; width: 1%; text-align: left; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; width: 1%; text-align: left; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Promissory note payable</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">14,186,667</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">6,080,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">8,106,667</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Convertible promissory note</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">2,437,465</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">2,437,465</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Long-term debt</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">543,330</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">81,044</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">123,210</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">339,076</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Lease liabilities</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">10,129,072</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">437,857</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">2,863,867</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">6,827,348</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #ffffff;">Total</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">29,977,530</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">11,717,362</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">11,093,744</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">7,166,424</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table> </div> </div> </div> <div> <div> As at January 31, 2021, the Company has undiscounted lease payments of $17,519,767 related to right of use assets. Interest rate risk Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company is not subject to any interest rate volatility as its long-term debt instruments and convertible notes are carried at a fixed interest rate throughout their term. Foreign currency risk The Company has administration in Canada and operations in the U.S. and is exposed to foreign exchange risk due to fluctuations in the U.S. dollar and Canadian dollar. Foreign exchange risk arises from financial assets and liabilities denominated in currency other than the U.S. dollar. A change of 1% in the CAD/USD exchange rate would impact loss and comprehensive loss by $217,000. Capital Management The Company's objectives when managing its capital are to ensure there are sufficient capital resources to continue operating as a going concern and maintain the Company's ability to ensure sufficient levels of funding to support its ongoing operations and development. The purpose of these objectives is to provide continued returns and benefits to the Company's shareholders. The Company's capital includes debt and shareholders' equity. The Board of Directors does not establish quantitative return on capital criteria for management, but rather relies on the expertise of the Company's management to sustain future development of the business considering changes in economic conditions and the risk characteristics of the Company's underlying assets. At January 31, 2021, the Company is not subject to externally imposed capital requirements, with the exception of restricted cash posted as a deposit with respect to its former oil well business. Fair value Financial instruments measured at fair value are classified into one of three levels in the fair value hierarchy according to the relative reliability of the inputs used to estimate the fair values. The three levels of the fair value hierarchy are: Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities; Level 2 - Inputs other than quoted prices that are observable for the asset or liability either directly (i.e. as prices) or indirectly (i.e. derived from prices); and Level 3 - Inputs that are not based on observable market data. <div> </div> The following table shows the carrying amounts of financial assets and financial liabilities by category: <div> <div> <div style="margin-left: 36pt;"> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">January 31, 2021</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">January 31, 2020</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: justify;">Financial assets at amortized cost (1)</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">6,494,793</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 12%;">3,565,721</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Financial liabilities at amortized cost (2)</td> <td style="vertical-align: bottom; text-align: left; width: 1%;">$</td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">29,977,530</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;">$</td> <td style="vertical-align: bottom; text-align: right; width: 12%;">40,403,587</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000;">Financial liabilities at fair value through profit or loss (3)</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">9,430,991</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%;">3,699,152</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table> (1) Includes cash, restricted cash and receivables. (2) Includes accounts payable and accrued liabilities, promissory note, convertible promissory note, convertible debentures, consideration payable, lease liabilities and debt. (3) Includes derivative liability. </div> </div> </div> </div> </div>

<div style="margin-left: 36pt;"> <div> <div> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-color: #000000; font-size: 10pt; width: 100%;"> <tr> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000;">Maturity analysis of financial liabilities</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;">Total</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;">Within 1 year</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;">1 - 5 years</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;">Greater than 5 years</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; background-color: #f2f2f2;">Accounts payable and accrued liabilities</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">2,680,996</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">2,680,996</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; width: 1%; text-align: left; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; width: 1%; text-align: left; background-color: #f2f2f2;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Promissory note payable</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">14,186,667</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">6,080,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">8,106,667</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Convertible promissory note</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">2,437,465</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">2,437,465</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;">Long-term debt</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">543,330</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">81,044</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">123,210</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #ffffff;">339,076</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> <tr style="background-color: #f2f2f2;"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #f2f2f2;">Lease liabilities</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">10,129,072</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">437,857</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">2,863,867</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #f2f2f2;"> </td> <td style="vertical-align: bottom; text-align: right; width: 10%; background-color: #f2f2f2;">6,827,348</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #f2f2f2;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000; background-color: #ffffff;">Total</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">29,977,530</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">11,717,362</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">11,093,744</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #ffffff;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 10%; background-color: #ffffff;">7,166,424</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table> </div> </div> </div>

2680996

14186667 6080000 8106667 0 2437465 2437465 0 0

543330

81044

123210

339076

10129072

437857

2863867

6827348

29977530

11717362

11093744

7166424

17519767 0.01

217000

<div style="margin-left: 36pt;"> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">January 31, 2021</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center; white-space: nowrap;">January 31, 2020</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: justify;">Financial assets at amortized cost (1)</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">6,494,793</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 12%;">3,565,721</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Financial liabilities at amortized cost (2)</td> <td style="vertical-align: bottom; text-align: left; width: 1%;">$</td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">29,977,530</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;">$</td> <td style="vertical-align: bottom; text-align: right; width: 12%;">40,403,587</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000;">Financial liabilities at fair value through profit or loss (3)</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">9,430,991</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%;">3,699,152</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table> (1) Includes cash, restricted cash and receivables. (2) Includes accounts payable and accrued liabilities, promissory note, convertible promissory note, convertible debentures, consideration payable, lease liabilities and debt. (3) Includes derivative liability. </div>

6494793

3565721

29977530

40403587

9430991

3699152

<div> 25. RELATED PARTY TRANSACTIONS <div> <div> Balances due to related parties included in accounts payable, accrued liabilities, and promissory note payable at January 31, 2021 and 2020: <div> <div style="margin-left: 36pt;"> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">January 31, 2021</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">January 31, 2020</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000;">Due to the President and CEO(1)</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">14,369,004</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 12%;">21,713,910</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Lease liabilities due to a company controlled by the CEO</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">9,539,744</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">3,053,929</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Lease liabilities due to SDP Development</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">589,328</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">749,766</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Due to directors and officers of the Company</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">1,476</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Due to the CFO of the Company</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">527</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">64</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">24,498,603</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%;">25,519,145</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table> </div> </div> (1) Due to the President and CEO consists of promissory note principal and interest and reimbursable expenses incurred in the normal course of business. The Company had the following transactions with related parties including key management personnel during the year ended January 31, 2021 and 2020: <div style="margin-left: 36pt;"> <div> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td colspan="1" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td colspan="4" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">Year ended January 31,</td> <td colspan="1" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">2021</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">2020</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: center;">-$-</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: center;">-$-</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Consulting fees paid to a director</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">38,310</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 13.9pt; vertical-align: bottom; text-indent: -8.5pt;">Amounts paid to CEO or companies controlled by CEO(1)</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">10,368,616</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">13,039,739</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Salary paid to key management personnel</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">499,710</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">1,131,196</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Share compensation including warrants and stock options for directors and officers</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">360,610</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">95,613</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Convertible debenture interest paid to directors and officers </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">18,346</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">27,230</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Lease payments made to SDP Development</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">228,192</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">282,896</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">11,475,474</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%;">14,614,984</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table> </div> </div> (1) Amounts paid to CEO or companies controlled by CEO consists of salary, lease payments, and promissory note principal and interest. <div> </div> </div> On February 12, 2020, the Company amended the purchase agreement with SDP Development, of which a Director of the Company is a principal owner. The Company had agreed on February 4, 2019 (Note 3) to purchase SDP Development on October 15, 2020, which owned six real estate properties that were leased in connection with Phantom Farms' cannabis cultivation, processing and wholesale distribution operations. The aggregate purchase price was $8,010,000 payable in cash, or, at the election of the vendors, in whole or in part by the issue of 2,670,000 shares at $3.00 per common share. On February 12, 2020 the parties agreed to the following modified terms: the Company purchased the two Southern Oregon farms from SDP Development constituting over 60 acres of real property housing the two outdoor cannabis cultivation facilities totaling 80,000 square feet of canopy, rent reduction on the three Phantom properties in Central Oregon, and a release from the obligation to purchase the sixth property in Southern Oregon. In exchange, the SDP vendors received 7,132,041 common shares of the Company with a fair value of $2,582,903. The consideration exceeded the fair market value of the land acquired and as a result, the Company recorded transaction costs of $1,204,740. The Company has three remaining leases with SDP Development. The undiscounted future cash flows for the three remaining leases total $684,576. On November 16, 2020, the Company amended the terms of the three Nevada leases with Double G Holdings (a Company controlled by the Company's President and CEO). The term of the two dispensary leases and the warehouse lease was extended to November 30, 2027 with a right to extend for a further five years and with an annual increase to the base rent of 3% commencing January 1, 2022. The undiscounted future cash flows for all three leases including the five year extension total $16,930,437. On August 17, 2020, the Company granted a total of 1,250,000 stock options to key management personnel to purchase common shares, exercisable on or before August 17, 2023, at an exercise price of C$0.70 per share. In connection with these options, the Company recorded share based compensation expense of $130,012 (C$174,022) in the year. On January 28, 2021, the Company granted a total of 150,000 stock options to key management personnel to purchase common shares, exercisable on or before January 28, 2024, at an exercise price of C$1.50 per share. On December 31, 2020, the Company granted a total of 210,800 warrants to the CEO to purchase common shares, exercisable on or before December 31, 2023, at an exercise price of C$1.00 per share. In connection with these warrants, the Company recorded share based compensation of $70,270 (C$94,057) in the year. On January 30, 2021, the Company granted a total of 469,200 warrants to the CEO to purchase common shares, exercisable on or before January 30, 2024, at an exercise price of C$1.00 per share. In connection with these warrants, the Company recorded share based compensation of $156,243 (C$209,133) in the year. </div> </div>

<div> <div style="margin-left: 36pt;"> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">January 31, 2021</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap;"> </td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">January 31, 2020</td> <td style="background-color: #ffffff; vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000;">Due to the President and CEO(1)</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">14,369,004</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 1%;">$</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; width: 12%;">21,713,910</td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Lease liabilities due to a company controlled by the CEO</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">9,539,744</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">3,053,929</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Lease liabilities due to SDP Development</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">589,328</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">749,766</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Due to directors and officers of the Company</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">1,476</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Due to the CFO of the Company</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">527</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">64</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%;">$</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">24,498,603</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%;">25,519,145</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table> </div> </div>

14369004

21713910

9539744 3053929 589328 749766

1476

527

24498603

25519145

<div> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; text-align: center;"> </td> <td colspan="1" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td colspan="4" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">Year ended January 31,</td> <td colspan="1" style="background-color: #ffffff; vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">2021</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;">2020</td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 0.75pt solid #000000; white-space: nowrap; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: center;">-$-</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: center;">-$-</td> <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 1.5pt solid #000000; white-space: nowrap; text-align: center;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: center;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; background-color: #ffffff; border-top: 1.5pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Consulting fees paid to a director</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">38,310</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 13.9pt; vertical-align: bottom; text-indent: -8.5pt;">Amounts paid to CEO or companies controlled by CEO(1)</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">10,368,616</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">13,039,739</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Salary paid to key management personnel</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">499,710</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">1,131,196</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Share compensation including warrants and stock options for directors and officers</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">360,610</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">95,613</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Convertible debenture interest paid to directors and officers </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">18,346</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">27,230</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom;">Lease payments made to SDP Development</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #f2f2f2;">228,192</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">282,896</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; padding-right: 5.4pt; padding-left: 5.4pt; border-top: 0.75pt solid #000000;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #f2f2f2;">11,475,474</td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%;">14,614,984</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table> </div>

38310

10368616 13039739

499710

1131196

360610

95613

18346 27230

228192

282896

11475474

14614984

8010000

2670000

3 80000

7132041

2582903

1204740 684576 0.03 16930437

1250000

0.7

130012

174022

150000

1.5

210800 1

70270

94057

469200 1

156243

209133

<div> <div> 26. CONTINGENCIES From time to time, the Company is involved in various litigation matters arising in the ordinary course of its business. Management is of the opinion that disposition of any current matter will not have a material adverse impact on the Company's financial position, results of operations, or the ability to carry on any of its business activities. <div> </div> <div> <div> Legal proceedings A complaint was filed in the Oregon State Circuit Court for Clackamas County, on April 29, 2019, by two current owners of Proudest Monkey Holdings, LLC (the former sole member of EFF) (the "Plaintiffs"), alleging contract, employment, and statutory claims with an amount in controversy of $1,837,500 against the Company, its wholly-owned subsidiaries 320204 US Holdings Corp, EFF, Swell Companies Limited, and Phantom Brands LLC, in addition to three directors, two officers, and one former employee. The Company and the other defendants wholly denied the allegations and claims made in the lawsuit and is defending the lawsuit. On June 21, 2019, the Company filed Oregon Rule of Civil Procedure (ORCP) 21 motions to dismiss all of the Plaintiffs' claims against it, its wholly-owned subsidiaries, and other defendants; on May 6, 2020, the court granted the Company's Rule 21 motion in its entirety to dismiss all of Plaintiffs' claims pursuant to Oregon Rules of Civil Procedure 21A(1). The judgment of dismissal was entered by the Clackamas County court on or about October 14, 2020. The Company submitted a petition to recover the costs and attorney fees incurred by the Company as the prevailing party in the matter and the parties briefed and argument the petition before the Clackamas County court. On January 20, 2021, the Court ruled in the Company's favor, awarding the Company and its subsidiaries $68,195 in attorney's fees and $1,252 in costs through a supplemental judgment. On March 3, 2021, Plaintiffs filed a notice of appeal from the supplemental judgement awarding attorney fees. It is too early to predict the resolution of the appeal, however the judgment remains subject to execution at any time. On November 12, 2020, Plaintiffs filed a notice of appeal with the appeals court administrator. The Oregon Court of Appeals assigned the case to the appellate settlement conference program, as it does in due course. It is too early to predict the resolution of the appeal. The parties have agreed to attempt to settle all of the Oregon claims through voluntary mediation, and such mediation is forthcoming and in the process of being scheduled. On or about September 13, 2019, the Company delivered a notice to the Plaintiffs of alleged breach and default under the purchase and sale agreement, due to unlawful, intentional acts and material misrepresentations before and after the completion of the purchase. As a result of such breach, the Company denied the Plaintiffs' tender of their share payment notes in connection with the agreement. On or about October 14, 2019, Proudest Monkey Holdings, LLC and one of its current owners, sued the Company in the Supreme Court of British Columbia to compel the issuance and delivery of the subject shares, including interests and costs. In connection with the Oregon lawsuit, the Company conducted an internal investigation regarding malfeasance by the Plaintiffs (discussed more fully below under Oregon Compliance). On November 8, 2019, the Company responded and counterclaimed for general, special and punitive damages, including interest and costs, related to breach of contract, repudiation of contract, breach of indemnity and fraudulent and negligent misrepresentation by the Plaintiffs. The Company's counterclaims included the malfeasance discovered during the internal investigation. Plaintiffs filed a response to the Company's counterclaims on or about June 5, 2020 and the parties have stipulated to a form of amended pleading which includes the joinder of additional parties, an owner of PMH and EFF, and additional contract and equitable claims and damages, similar to those alleged by the Plaintiffs in the Oregon lawsuit (breach of contract, indemnity, unjust enrichment and wrongful termination claims). This action remains in the discovery stage, given that the parties have exchanged written discovery, but it remains too early to predict its resolution. The parties have agreed to attempt to settle all of the British Columbian claims through voluntary mediation, and such mediation is forthcoming and in the process of being scheduled. <div> </div> </div> On or about May 30, 2019, Wallace Hill filed a civil claim in the Supreme Court of British Columbia alleging breach of contract and entitlement to 1,800,000 common shares of the Company, fully vested by March 1, 2019, and damages due to the lost opportunity to sell those shares after such date for a profit. On June 23, 2019, the Company circulated a letter to Wallace Hill terminating the agreement and accepting Wallace Hill's repudiation of the agreement based on Wallace Hill's previously published defamatory comments and termination of the agreement. Also, on June 23, 2019, the Company filed its response to the civil claim denying all claims and filed counterclaims alleging breach of contract, a declaratory judgment of termination of the agreement, defamation and an injunction from further defamatory comments. This action remains at the beginning of the discovery phase and it is too early to predict its resolution. It is noteworthy that Wallace Hill has taken no action in prosecuting its civil claim since the Company filed its counterclaims. Earn out shares The Company has granted the opportunity for the vendors of certain acquisitions to earn shares of the Company if certain conditions are satisfied. The earn out shares available to the vendors of Eco Firma Farms are considered to have no value. The earn out shares available to the vendors of both Swell Companies and Phantom Farms (Notes 3 and 4) are recorded as a derivative liability (Note 17). </div> </div> </div>

1837500 68195 1252 1800000

<div> 27. RECLASSIFICATION OF COMPARATIVE FIGURES Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations. An adjustment has been made to the Consolidated Statements of Loss and Comprehensive Loss for fiscal year ended January 31, 2020, to reclassify $184,655 from general and administration expenses to cost of sales. </div>

184655

<div> 28. SUBSEQUENT EVENTS On February 4, 2021, warrants were exercised to purchase 456,100 common shares of the Company for proceeds of $535,204. Included in the above total was the purchase of 426,100 common shares of the Company by a Director of the Company. On April 5, 2021, the Company issued 19,774 common shares to vendors of Eco Firma Farms as part of the purchase agreement dated June 13, 2018 as settlement of the share payment note, recognized as a reduction to the Company's commitment to issue shares. On April 23, 2021, the Company closed on a purchase and sale agreement for certain assets in Oregon. This agreement was announced on January 7, 2021. As a result of the sale, the Company has disposed of all assets and liabilities classified as held for sale. </div>

456100 535204 426100

19774