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(the "Company" or "C21") was incorporated January 15, 1987, under the Company Act of British Columbia. The Company is a publicly traded company with its registered office is 170-601 West Cordova Street, Vancouver, BC, V6B 1G1.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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 began trading on the OTCQB® Venture Market.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">For the year ended January 31, 2021, the Company operated in two segments: recreational cannabis in Oregon, USA and recreational and medical cannabis in Nevada, USA (Note 16). During the year ended January 31, 2022, the Company made the strategic decision to exit operations in Oregon. The comparative results of operations have been re-stated to present the operating results of the Oregon segment as discontinued operations. The Nevada segment remains engaged in the cultivation of and manufacturing of cannabis flower products, vape products and extract products for wholesale and retail sales.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">At January 31, 2023, the Company had a working capital deficit of $6,231,895 (2022 - $5,689,642) and an accumulated deficit of $69,471,712 (2022 - $69,764,923). However, for the year ended January 31, 2023, the Company generated net income and positive cash flows from continuing operations.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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. 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. 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.</span></span></p> </div> </div> </div> </div> </div> -6231895 -5689642 -69471712 -69764923 <div> <div> <div> <div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2.</b><span style="width: 10.49pt; display: inline-block;"> </span><b>BASIS OF PREPARATION</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>a)</b><span style="width: 9.85pt; display: inline-block;"> </span><b>Basis of presentation</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">These consolidated financial statements as of and for the years ended January 31, 2023 and 2022 ("consolidated financial statements") are prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). These consolidated financial statements have been prepared on an accrual basis and are based on historical costs, except for certain financial instruments classified as fair value through profit or loss.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>b)</b><span style="width: 9.36pt; display: inline-block;"> </span><b>Functional and reporting currency</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The functional currency of C21 Investments Inc. is Canadian dollars ("C$"), and the functional currency of the Company's subsidiaries is U.S. dollars. C21 has determined that the U.S. dollar ("USD") is the most relevant and appropriate reporting currency as the Company's operations are conducted in U.S. dollars and its financial results are prepared and reviewed internally by management in U.S. dollars. The consolidated financial statements are presented in U.S. dollars unless otherwise noted.</span></span></p> <div> </div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>c)</b><span style="width: 9.85pt; display: inline-block;"> </span><b>Basis of consolidation</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The consolidated financial statements incorporate the accounts of the Company and all the entities in which the Company has a controlling voting interest and is deemed to be the primary beneficiary. 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 from the date of acquisition. All intercompany balances and transactions are eliminated upon consolidation.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">A summary of the Company's subsidiaries included in these financial statements as at January 31, 2023 is as follows:</span></span></p> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt;"> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Name of subsidiary </b>^<b>(1)</b></span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Principal activity</b></span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">320204 US Holdings Corp.</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #e6efff; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Holding Company</span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">320204 Oregon Holdings Corp.</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Holding Company</span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">320204 Nevada Holdings Corp.</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; background-color: #e6efff; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Holding Company</span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">320204 Re Holdings, LLC</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Holding Company</span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Eco Firma Farms LLC ⁽²⁾</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; background-color: #e6efff; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Cannabis producer</span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Silver State Cultivation LLC</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Cannabis producer</span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Silver State Relief LLC</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; background-color: #e6efff; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Cannabis retailer</span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Swell Companies LTD ⁽²⁾</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Cannabis processor, distributor</span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Megawood Enterprises Inc. ⁽²⁾</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; background-color: #e6efff; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Cannabis retailer</span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Phantom Venture Group, LLC ⁽²⁾</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Holding Company</span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Phantom Brands, LLC ⁽²⁾</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; background-color: #e6efff; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Holding Company</span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Phantom Distribution, LLC ⁽²⁾</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Cannabis distributor</span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">63353 Bend, LLC ⁽²⁾</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; background-color: #e6efff; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Cannabis producer</span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">20727-4 Bend, LLC ⁽²⁾</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Cannabis processor</span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4964 BFH, LLC ⁽²⁾</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; background-color: #e6efff; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Cannabis producer</span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Workforce Concepts 21, Inc.</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Payroll and benefits services</span></span></td> </tr> </table> <p style="margin-left: 17.85pt; text-indent: -17.85pt; text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(1)<span style="width: 8.07pt; text-indent: 0pt; display: inline-block;"> </span>All subsidiaries of the Company were incorporated in the USA, are wholly owned and have USD as their functional currency.</span></span></p> <p style="margin-left: 17.85pt; text-indent: -17.85pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(2)<span style="width: 8.07pt; text-indent: 0pt; display: inline-block;"> </span>Operations discontinued and results included in discontinued operations.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>d)</b><span style="width: 9.36pt; display: inline-block;"> </span><b>Restatement of the January 31, 2022 consolidated financial statements</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The January 31, 2022 balances have been restated for an error in the Company's measurement of income taxes payable. The Company identified amounts of depreciation, amortization and lease payments included in its calculation of income taxes payable for the years ended January 31, 2022 and 2021 that are ineligible for deduction. The Company also identified amounts of inventory impairments that were not included as deductible expenses.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The effects of the restatement in the consolidated balance sheet as at January 31, 2022 are as follows:</span></span></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-color: #000000;"> <tr> <td style="padding-right: 5.4pt; padding-left: 26.7pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Previously reported</span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Change</span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Restated</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Income taxes payable</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 15%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">3,658,162</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 15%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,212,008</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 15%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>4,870,170</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Deferred tax asset</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">9,024</span></span></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: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(9,024</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>-</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Deferred tax liability</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 15%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 15%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">33,558</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 15%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>33,558</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Deficit</span></span></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: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(68,510,333</span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></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: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(1,254,590</span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></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: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(69,764,923</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> </tr> </table> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The effects of the restatement in the consolidated statement of comprehensive income for the year ended January 31, 2022 are as follows:</span></span></p> <div> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-color: #000000;"> <tr> <td style="padding-right: 5.4pt; padding-left: 26.7pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Previously reported</span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Change</span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Restated</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"> <div><br/></div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; text-align: right;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Income tax expense</span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 15%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(3,973,246</span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 15%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(961,221</span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 15%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(4,934,467</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> </tr> </table> </div> <p style="margin: 0pt;"> </p> <div style="margin-top: 0pt; margin-bottom: 0pt;"> </div> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">For the year ended January 31, 2022, the consolidated statement of cash flows contains an adjustment of $961,221 within net income after taxes from continuing operations and changes in income taxes payable. Opening deficit as at January 31, 2022 contains an adjustment of $293,370 in respect of income tax expense pertaining to ineligible deductions in the year ended January 31, 2021.</span></span></p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">For the year ended January 31, 2022, basic and diluted income per share from continuing operations and basic and diluted income per share decreased from $0.11 and $0.09, respectively, to $0.10 and $0.08, respectively.</span></span></p> </div> </div> </div> </div> </div> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt;"> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Name of subsidiary </b>^<b>(1)</b></span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Principal activity</b></span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">320204 US Holdings Corp.</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; border-top: 0.75pt solid #000000; background-color: #e6efff; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Holding Company</span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">320204 Oregon Holdings Corp.</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Holding Company</span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">320204 Nevada Holdings Corp.</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; background-color: #e6efff; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Holding Company</span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">320204 Re Holdings, LLC</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Holding Company</span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Eco Firma Farms LLC ⁽²⁾</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; background-color: #e6efff; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Cannabis producer</span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Silver State Cultivation LLC</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Cannabis producer</span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Silver State Relief LLC</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; background-color: #e6efff; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Cannabis retailer</span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Swell Companies LTD ⁽²⁾</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Cannabis processor, distributor</span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Megawood Enterprises Inc. ⁽²⁾</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; background-color: #e6efff; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Cannabis retailer</span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Phantom Venture Group, LLC ⁽²⁾</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Holding Company</span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Phantom Brands, LLC ⁽²⁾</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; background-color: #e6efff; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Holding Company</span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Phantom Distribution, LLC ⁽²⁾</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Cannabis distributor</span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">63353 Bend, LLC ⁽²⁾</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; background-color: #e6efff; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Cannabis producer</span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">20727-4 Bend, LLC ⁽²⁾</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Cannabis processor</span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4964 BFH, LLC ⁽²⁾</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; background-color: #e6efff; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Cannabis producer</span></span></td> </tr> <tr> <td style="width: 73.34%; padding-right: 1.4pt; padding-left: 3.45pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Workforce Concepts 21, Inc.</span></span></td> <td style="width: 26.66%; padding-right: 1.4pt; padding-left: 3.35pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Payroll and benefits services</span></span></td> </tr> </table> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-color: #000000;"> <tr> <td style="padding-right: 5.4pt; padding-left: 26.7pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Previously reported</span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Change</span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Restated</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Income taxes payable</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 15%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">3,658,162</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 15%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,212,008</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 15%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>4,870,170</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Deferred tax asset</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">9,024</span></span></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: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(9,024</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>-</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Deferred tax liability</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 15%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 15%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">33,558</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 15%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>33,558</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Deficit</span></span></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: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(68,510,333</span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></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: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(1,254,590</span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></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: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(69,764,923</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> </tr> </table> <div> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-color: #000000;"> <tr> <td style="padding-right: 5.4pt; padding-left: 26.7pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Previously reported</span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Change</span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Restated</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"> <div><br/></div> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; text-align: right;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Income tax expense</span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 15%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(3,973,246</span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 15%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(961,221</span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 15%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(4,934,467</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> </tr> </table> </div> 3658162 1212008 4870170 9024 -9024 0 0 33558 33558 -68510333 -1254590 -69764923 3973246 961221 4934467 961221 293370 0.11 0.11 0.09 0.09 0.1 0.1 0.08 0.08 <div> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>3.</b><span style="width: 10.49pt; display: inline-block;"> </span><b>SIGNIFICANT ACCOUNTING POLICIES </b></span></span></p> <div> <div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>a)</b><span style="width: 9.85pt; display: inline-block;"> </span><b>Significant accounting estimates and assumptions</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The preparation of the Company's financial statements in conformity with U.S. GAAP 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.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Areas requiring a significant degree of estimation and judgment relate to the determination of recoverability of goodwill, recoverability of intangible assets, fair value less costs to sell of assets classified as held for sale, estimates used in valuation and costing of inventory, impairment of long-lived 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, share-based compensation, and fair value of derivative liabilities.</span></span></p> </div> <div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>b)</b><span style="width: 9.36pt; display: inline-block;"> </span><b>Cash </b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Cash held in financial institutions and cash held at retail locations, have carrying values that approximate fair value.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The recent closures of Silicon Valley Bank, Signature Bank and First Republic Bank and their placement into receivership with the Federal Deposit Insurance Corporation ("FDIC") have identified bank-specific liquidity risks and concerns. Although the Department of the Treasury, the Federal Reserve, and the FDIC jointly released a statement that depositors at Silicon Valley Band and Signature Bank would have access to their funds, even deposit amounts that exceed FDIC deposit insurance limits, future adverse developments with respect to specific financial institutions or the broader financial services industry may lead to market-wide liquidity shortages.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The failure of any bank in which we deposit our funds could reduce the amount of cash we have available for our operations or delay our ability to access such funds. Any such failure may increase the possibility of a sustained deterioration of financial market liquidity, or illiquidity at clearing, cash management and/or custodial financial institutions. We do not currently have a commercial relationship with a bank that has failed or is, to our knowledge, otherwise is experiencing operational distress, nor have we experienced delays or other issues in meeting our financial obligations. If other banks and financial institutions enter receivership or become insolvent in the future in response to financial conditions affecting the banking system and financial markets, our ability to access our cash may be threatened and could have a material adverse effect on our business operations and financial condition.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">As at January 31, 2023, the Company had FDIC coverage over $697,945 (January 31, 2022 - $850,704) of its cash balance.</span></span></p> </div> </div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>c)</b><span style="width: 9.85pt; display: inline-block;"> </span><b>Foreign currency translation</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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 statements of income and comprehensive income. 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.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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.</span></span></p> </div> <div> </div> <div> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>d)</b><span style="width: 9.36pt; display: inline-block;"> </span><b>Inventory</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Inventory consists of raw materials, consumables and packaging supplies used in the process to prepare inventory for sale; work in process consisting of pre-harvested cannabis plants, by-products to be extracted, oils and terpenes; and finished goods.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Inventory is valued at the lower of cost and net realizable value, with cost determined using the weighted average cost method. 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. Costs are capitalized to inventory, until substantially ready for sale. Costs include direct and indirect labor, raw materials, consumables, packaging supplies, utilities, facility costs, quality and testing costs, production related depreciation and other overhead costs. The Company records inventory reserves for obsolete and slow-moving inventory.</span></span></p> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Inventory reserves are based on inventory obsolescence trends, and the historical and professional experience of management. The Company classifies cannabis inventory as a current asset, although, due to the duration of the cultivation, drying, and conversion process, certain inventory items may not be realized in cost of sales within one year.</span></span></p> </div> </div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>e)</b><span style="width: 9.85pt; display: inline-block;"> </span><b>Property and equipment</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Property and equipment is measured at cost less accumulated depreciation and losses on impairment.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Depreciation is provided on the straight-line basis over the estimated useful lives of the assets as follows:</span></span></p> <div> <div> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt;"> <tr> <td style="width: 27.74%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Buildings</span></span></p> </td> <td style="width: 72.26%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> 45 years </span></span></p> </td> </tr> <tr> <td style="width: 27.74%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Furniture &amp; fixtures</span></span></p> </td> <td style="width: 72.26%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> 5 years </span></span></p> </td> </tr> <tr> <td style="width: 27.74%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Computer equipment</span></span></p> </td> <td style="width: 72.26%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> 3 years </span></span></p> </td> </tr> <tr> <td style="width: 27.74%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Machinery &amp; equipment</span></span></p> </td> <td style="width: 72.26%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> 2-7 years </span></span></p> </td> </tr> <tr> <td style="width: 27.74%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Leasehold improvements</span></span></p> </td> <td style="width: 72.26%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> shorter of the life of the improvement or the remaining life of the lease </span></span></p> </td> </tr> </table> </div> </div> </div> <div><br/></div> <div> <p style="text-align: justify; margin-top: 0px;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>f)</b><span style="width: 11.86pt; display: inline-block;"> </span><b>Intangible assets</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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 estimated useful lives of the intangible assets.</span></span></p> </div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>g)</b><span style="width: 9.36pt; display: inline-block;"> </span><b>Goodwill</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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. Goodwill is allocated to the reporting unit in which the business that created the goodwill resides. A reporting unit is an operating segment, or a business unit one level below that operating segment, for which discrete financial information is prepared and regularly reviewed by segment management. The Company's goodwill is part of the Nevada reporting unit.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Goodwill is tested annually for any impairment, or more frequently in the case that events or circumstances indicate that the carrying amount of a reporting unit may not be recoverable. The Company may elect to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If factors indicate this is the case, then a quantitative test is performed and an impairment is recorded for any excess carrying value above the reporting unit's fair value, not to exceed the amount of goodwill.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">For the years ended January 31, 2023 and 2022, the recoverable amount of goodwill allocated to the Nevada reporting unit exceeded the carrying amount and as such, no impairment was noted.</span></span></p> </div> <div> </div> <div> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>h)</b><span style="width: 9.36pt; display: inline-block;"> </span><b>Impairment of long-lived assets</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Long-lived assets include property and equipment, right-of-use assets, and intangible assets with finite useful lives.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Long-lived assets are reviewed for indicators of impairment at each statement of balance sheet date or whenever events or changes in circumstances indicate that a potential impairment has occurred. The Company groups assets at the lowest level for which cash flows are separately identifiable, referred to as an asset group. When indicators of potential impairment are present the Company prepares a projected undiscounted cash flow analysis to determine the recoverable amount for the respective asset or asset group. 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 fair value.</span></span></p> </div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>i)</b><span style="width: 12.35pt; display: inline-block;"> </span><b>Assets and liabilities held for sale</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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. The comparative consolidated balance sheet is re-presented to classify assets as held for sale in the period that the respective assets are classified as held for sale.</span></span></p> </div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>k)</b><span style="width: 9.85pt; display: inline-block;"> </span><b>Convertible instruments</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The Company accounts for convertible debt as a single unit of account, unless the conversion feature requires bifurcation and recognition as a derivative. Additionally, the Company uses the if-converted method for all convertible instruments in the diluted earnings per share calculation and includes the effect of potential share settlement for instruments that may be settled in cash or shares.</span></span></p> </div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>l)</b><span style="width: 12.35pt; display: inline-block;"> </span><b>Leases</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Upon commencement of a contract containing a lease, the Company classifies leases other than short-term leases as either an operating lease or a finance lease according to the criteria prescribed by <i>ASU 2016-02, Leases </i>("ASC 842"). The lease classification is reassessed only when: (a) the contract is modified and the modification is not accounted for as a separate contract, and (b) there is a change in the lease term or the assessment of whether the lessee is reasonably certain to exercise an option to purchase the underlying asset. 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.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">For both finance leases and operating leases, right-of-use assets and lease liabilities are initially measured as the present value of future lease payments and initial direct costs discounted at the interest rate implicit in the lease, or if that rate is not readily determinable, the Company's incremental borrowing rate. Subsequent measurement of lease liabilities classified as finance leases is at amortized cost using the effective interest rate method. Subsequent measurement of right-of-use assets classified as finance leases is at carrying amount less accumulated amortization, where amortization is recorded straight-line over the lease term. Subsequent measurement of lease liabilities classified as operating leases is at the present value of the unpaid lease payments discounted at the discount rate for the lease established at the commencement date. Subsequent measurement of right-of-use assets classified as operating leases is carrying amount less accumulated amortization where amortization is calculated as the difference between straight-line lease cost for the period, including amortization of initial direct costs, and the periodic accretion of the lease liability.</span></span></p> </div> <div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>m)</b><span style="width: 6.85pt; display: inline-block;"> </span><b>Financial instruments</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Financial instruments are contracts that give rise to a financial asset of one party and a financial liability or equity instrument of another party. Financial instruments are recorded initially at fair value, which is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Subsequent measurement depends on how the financial instrument has been classified and may be at fair value or amortized cost. For financial instruments subsequently measured at fair value, the Company calculates the estimated fair value of financial instruments using quoted market prices whenever available. When quoted market prices are not available, the Company uses standard pricing models including the Black-Scholes option pricing model.</span></span></p> </div> <div> </div> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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:</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities;</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Level 3 - Inputs that are not based on observable market data.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">There have been no transfers between fair value hierarchy levels during the years ended January 31, 2023 and 2022.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The Company's measures the derivative liability at fair value using Level 3 inputs.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The Company's cash, receivables, accounts payable and accrued liabilities, and income taxes payable are recorded at cost. The carrying values of these financial instruments approximate their fair value due to their short-term maturities. Unless otherwise noted, it is management's opinion that the Company is not exposed to significant interest or credit risks arising from these financial instruments.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Financial instruments subsequently measured at amortized cost include promissory note payable, convertible promissory notes, and reclamation obligation.</span></span></p> </div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>n)</b><span style="width: 9.36pt; display: inline-block;"> </span><b>Share-based compensation</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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 common stock.</span></span></p> </div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>o)</b><span style="width: 9.36pt; display: inline-block;"> </span><b>Income taxes</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The Company uses the asset and liability method to account for income taxes. Deferred income tax assets and liabilities are determined based on enacted tax rates and laws for the years in which the differences are expected to reverse.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">As the Company operates in the cannabis industry, it is subject to the limits of IRC Section 280E under which the Company is only allowed to deduct expenses directly related to the cost of producing the products or cost of production.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The Company recognizes uncertain income tax positions at the largest amount that is more-likely-than-not to be sustained upon examination by the relevant taxing authority. An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained. Recognition or measurement is reflected in the period in which the likelihood changes. Any interest and penalties related to unrecognized tax liabilities are presented within income tax expense in the consolidated statements of comprehensive income.</span></span></p> </div> <div> <p style="margin-top: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>p)</b><span style="width: 9.36pt; display: inline-block;"> </span><b>Earnings (loss) per share</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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.</span></span></p> </div> <div> </div> <div> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>q)</b><span style="width: 9.36pt; display: inline-block;"> </span><b>Revenue recognition</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Revenue is recognized by the Company in accordance with ASC 606 - <i>Revenue From Contracts With Customers</i>. Through application of the standard, the Company recognizes revenue to depict the transfer of promised goods or services to the customer in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">In order to recognize revenue under ASC 606, the Company applies the following five steps:</span></span></p> <p style="margin-left: 21.3pt; margin-bottom: 0pt; text-indent: -21.3pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1.<span style="width: 13.79pt; text-indent: 0pt; display: inline-block;"> </span>Identify a customer along with a corresponding contract</span></span></p> <p style="margin-top: 0pt; margin-left: 21.3pt; margin-bottom: 0pt; text-indent: -21.3pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2.<span style="width: 13.79pt; text-indent: 0pt; display: inline-block;"> </span>Identify the performance obligation(s) in the contract to transfer goods or provide distinct services to a customer</span></span></p> <p style="margin-top: 0pt; margin-left: 21.3pt; margin-bottom: 0pt; text-indent: -21.3pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">3.<span style="width: 13.79pt; text-indent: 0pt; display: inline-block;"> </span>Determine the transaction price that the Company expects to be entitled to in exchange for transferring promised goods or services to a customer</span></span></p> <p style="margin-top: 0pt; margin-left: 21.3pt; margin-bottom: 0pt; text-indent: -21.3pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4.<span style="width: 13.79pt; text-indent: 0pt; display: inline-block;"> </span>Allocate the transaction price to the performance obligation(s) in the contract</span></span></p> <p style="margin-top: 0pt; margin-left: 21.3pt; margin-bottom: 0pt; text-indent: -21.3pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">5.<span style="width: 13.79pt; text-indent: 0pt; display: inline-block;"> </span>Recognize revenue when or as the Company satisfies the performance obligation(s) in the contract</span></span></p> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The Company's contracts with customers for the sale of dried cannabis and other products derived from cannabis consist of one performance obligation, being the transfer of control of the goods to the customer at the point of sale. 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. 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.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Provisions for expected credit losses on accounts receivable are based on the Company's assessment of the collectability of specific customer balances, which is based upon a review of the customer's creditworthiness and past collection history. For trade receivables deemed to be uncollectible, and arose from the sale of goods, the Company will write off the specific balance against the allowance for doubtful accounts when it is known that a provided amount will not be collected.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The Company disaggregates its revenues based on sales to its retail customers where cash is received immediately versus wholesale customers to whom the Company extends credit terms. For the year ended January 31, 2023, revenue from retail sales from continuing operations totaled $26,713,239 (2022 - $32,351,024) and revenue from wholesale from continuing operations totaled $2,175,171 (2022 - $631,952).</span></span></p> </div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>r)</b><span style="width: 11.35pt; display: inline-block;"> </span><b>Loyalty program</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The Company offers a loyalty reward program to its dispensary customers that allows customers to earn reward credits that can be applied to future purchases. Loyalty reward credits issued as part of a sales transaction result in revenue being deferred until the loyalty reward is redeemed by the customer. The loyalty rewards are shown as reductions to the 'Revenue' line within the accompanying consolidated statements of income and comprehensive income and included as deferred revenue on the consolidated balance sheets. A portion of the revenue generated in a sale must be allocated to the loyalty points earned. The amount allocated to the points earned is deferred until the loyalty points are redeemed or expire. The loyalty program expiration policy is six months. As of January 31, 2023 and 2022, the loyalty liability totaled $94,068 and $nil, respectively, and is included in deferred revenue on the consolidated balance sheets.</span></span></p> </div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>s)</b><span style="width: 9.85pt; display: inline-block;"> </span><b>Reclamation obligation</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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 reclamation 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 statements comprehensive income. 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.</span></span></p> </div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>t)</b><span style="width: 11.86pt; display: inline-block;"> </span><b>Recently issued accounting pronouncements</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Recent accounting pronouncements, other than those below, issued by the Financial Accounting Standards Board, the American Institute of Certified Public Accountants and the U.S. Securities and Exchange Commission did not or are not believed by management to have a material effect on the Company's present or future financial statements.</span></span></p> </div> </div> </div> </div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>a)</b><span style="width: 9.85pt; display: inline-block;"> </span><b>Significant accounting estimates and assumptions</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The preparation of the Company's financial statements in conformity with U.S. GAAP 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.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Areas requiring a significant degree of estimation and judgment relate to the determination of recoverability of goodwill, recoverability of intangible assets, fair value less costs to sell of assets classified as held for sale, estimates used in valuation and costing of inventory, impairment of long-lived 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, share-based compensation, and fair value of derivative liabilities.</span></span></p> </div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>b)</b><span style="width: 9.36pt; display: inline-block;"> </span><b>Cash </b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Cash held in financial institutions and cash held at retail locations, have carrying values that approximate fair value.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The recent closures of Silicon Valley Bank, Signature Bank and First Republic Bank and their placement into receivership with the Federal Deposit Insurance Corporation ("FDIC") have identified bank-specific liquidity risks and concerns. Although the Department of the Treasury, the Federal Reserve, and the FDIC jointly released a statement that depositors at Silicon Valley Band and Signature Bank would have access to their funds, even deposit amounts that exceed FDIC deposit insurance limits, future adverse developments with respect to specific financial institutions or the broader financial services industry may lead to market-wide liquidity shortages.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The failure of any bank in which we deposit our funds could reduce the amount of cash we have available for our operations or delay our ability to access such funds. Any such failure may increase the possibility of a sustained deterioration of financial market liquidity, or illiquidity at clearing, cash management and/or custodial financial institutions. We do not currently have a commercial relationship with a bank that has failed or is, to our knowledge, otherwise is experiencing operational distress, nor have we experienced delays or other issues in meeting our financial obligations. If other banks and financial institutions enter receivership or become insolvent in the future in response to financial conditions affecting the banking system and financial markets, our ability to access our cash may be threatened and could have a material adverse effect on our business operations and financial condition.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">As at January 31, 2023, the Company had FDIC coverage over $697,945 (January 31, 2022 - $850,704) of its cash balance.</span></span></p> </div> 697945 850704 <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>c)</b><span style="width: 9.85pt; display: inline-block;"> </span><b>Foreign currency translation</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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 statements of income and comprehensive income. 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.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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.</span></span></p> </div> <div> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>d)</b><span style="width: 9.36pt; display: inline-block;"> </span><b>Inventory</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Inventory consists of raw materials, consumables and packaging supplies used in the process to prepare inventory for sale; work in process consisting of pre-harvested cannabis plants, by-products to be extracted, oils and terpenes; and finished goods.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Inventory is valued at the lower of cost and net realizable value, with cost determined using the weighted average cost method. 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. Costs are capitalized to inventory, until substantially ready for sale. Costs include direct and indirect labor, raw materials, consumables, packaging supplies, utilities, facility costs, quality and testing costs, production related depreciation and other overhead costs. The Company records inventory reserves for obsolete and slow-moving inventory.</span></span></p> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Inventory reserves are based on inventory obsolescence trends, and the historical and professional experience of management. The Company classifies cannabis inventory as a current asset, although, due to the duration of the cultivation, drying, and conversion process, certain inventory items may not be realized in cost of sales within one year.</span></span></p> </div> </div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>e)</b><span style="width: 9.85pt; display: inline-block;"> </span><b>Property and equipment</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Property and equipment is measured at cost less accumulated depreciation and losses on impairment.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Depreciation is provided on the straight-line basis over the estimated useful lives of the assets as follows:</span></span></p> <div> <div> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt;"> <tr> <td style="width: 27.74%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Buildings</span></span></p> </td> <td style="width: 72.26%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> 45 years </span></span></p> </td> </tr> <tr> <td style="width: 27.74%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Furniture &amp; fixtures</span></span></p> </td> <td style="width: 72.26%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> 5 years </span></span></p> </td> </tr> <tr> <td style="width: 27.74%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Computer equipment</span></span></p> </td> <td style="width: 72.26%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> 3 years </span></span></p> </td> </tr> <tr> <td style="width: 27.74%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Machinery &amp; equipment</span></span></p> </td> <td style="width: 72.26%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> 2-7 years </span></span></p> </td> </tr> <tr> <td style="width: 27.74%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Leasehold improvements</span></span></p> </td> <td style="width: 72.26%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> shorter of the life of the improvement or the remaining life of the lease </span></span></p> </td> </tr> </table> </div> </div> </div> <div> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt;"> <tr> <td style="width: 27.74%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Buildings</span></span></p> </td> <td style="width: 72.26%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> 45 years </span></span></p> </td> </tr> <tr> <td style="width: 27.74%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Furniture &amp; fixtures</span></span></p> </td> <td style="width: 72.26%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> 5 years </span></span></p> </td> </tr> <tr> <td style="width: 27.74%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Computer equipment</span></span></p> </td> <td style="width: 72.26%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> 3 years </span></span></p> </td> </tr> <tr> <td style="width: 27.74%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Machinery &amp; equipment</span></span></p> </td> <td style="width: 72.26%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> 2-7 years </span></span></p> </td> </tr> <tr> <td style="width: 27.74%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Leasehold improvements</span></span></p> </td> <td style="width: 72.26%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #e6efff;"> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> shorter of the life of the improvement or the remaining life of the lease </span></span></p> </td> </tr> </table> </div> P45Y P5Y P3Y P2Y P7Y shorter of the life of the improvement or the remaining life of the lease <div> <p style="text-align: justify; margin-top: 0px;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>f)</b><span style="width: 11.86pt; display: inline-block;"> </span><b>Intangible assets</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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 estimated useful lives of the intangible assets.</span></span></p> </div> P10Y <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>g)</b><span style="width: 9.36pt; display: inline-block;"> </span><b>Goodwill</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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. Goodwill is allocated to the reporting unit in which the business that created the goodwill resides. A reporting unit is an operating segment, or a business unit one level below that operating segment, for which discrete financial information is prepared and regularly reviewed by segment management. The Company's goodwill is part of the Nevada reporting unit.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Goodwill is tested annually for any impairment, or more frequently in the case that events or circumstances indicate that the carrying amount of a reporting unit may not be recoverable. The Company may elect to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If factors indicate this is the case, then a quantitative test is performed and an impairment is recorded for any excess carrying value above the reporting unit's fair value, not to exceed the amount of goodwill.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">For the years ended January 31, 2023 and 2022, the recoverable amount of goodwill allocated to the Nevada reporting unit exceeded the carrying amount and as such, no impairment was noted.</span></span></p> </div> <div> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>h)</b><span style="width: 9.36pt; display: inline-block;"> </span><b>Impairment of long-lived assets</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Long-lived assets include property and equipment, right-of-use assets, and intangible assets with finite useful lives.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Long-lived assets are reviewed for indicators of impairment at each statement of balance sheet date or whenever events or changes in circumstances indicate that a potential impairment has occurred. The Company groups assets at the lowest level for which cash flows are separately identifiable, referred to as an asset group. When indicators of potential impairment are present the Company prepares a projected undiscounted cash flow analysis to determine the recoverable amount for the respective asset or asset group. 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 fair value.</span></span></p> </div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>i)</b><span style="width: 12.35pt; display: inline-block;"> </span><b>Assets and liabilities held for sale</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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. The comparative consolidated balance sheet is re-presented to classify assets as held for sale in the period that the respective assets are classified as held for sale.</span></span></p> </div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>k)</b><span style="width: 9.85pt; display: inline-block;"> </span><b>Convertible instruments</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The Company accounts for convertible debt as a single unit of account, unless the conversion feature requires bifurcation and recognition as a derivative. Additionally, the Company uses the if-converted method for all convertible instruments in the diluted earnings per share calculation and includes the effect of potential share settlement for instruments that may be settled in cash or shares.</span></span></p> </div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>l)</b><span style="width: 12.35pt; display: inline-block;"> </span><b>Leases</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Upon commencement of a contract containing a lease, the Company classifies leases other than short-term leases as either an operating lease or a finance lease according to the criteria prescribed by <i>ASU 2016-02, Leases </i>("ASC 842"). The lease classification is reassessed only when: (a) the contract is modified and the modification is not accounted for as a separate contract, and (b) there is a change in the lease term or the assessment of whether the lessee is reasonably certain to exercise an option to purchase the underlying asset. 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.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">For both finance leases and operating leases, right-of-use assets and lease liabilities are initially measured as the present value of future lease payments and initial direct costs discounted at the interest rate implicit in the lease, or if that rate is not readily determinable, the Company's incremental borrowing rate. Subsequent measurement of lease liabilities classified as finance leases is at amortized cost using the effective interest rate method. Subsequent measurement of right-of-use assets classified as finance leases is at carrying amount less accumulated amortization, where amortization is recorded straight-line over the lease term. Subsequent measurement of lease liabilities classified as operating leases is at the present value of the unpaid lease payments discounted at the discount rate for the lease established at the commencement date. Subsequent measurement of right-of-use assets classified as operating leases is carrying amount less accumulated amortization where amortization is calculated as the difference between straight-line lease cost for the period, including amortization of initial direct costs, and the periodic accretion of the lease liability.</span></span></p> </div> <div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>m)</b><span style="width: 6.85pt; display: inline-block;"> </span><b>Financial instruments</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Financial instruments are contracts that give rise to a financial asset of one party and a financial liability or equity instrument of another party. Financial instruments are recorded initially at fair value, which is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Subsequent measurement depends on how the financial instrument has been classified and may be at fair value or amortized cost. For financial instruments subsequently measured at fair value, the Company calculates the estimated fair value of financial instruments using quoted market prices whenever available. When quoted market prices are not available, the Company uses standard pricing models including the Black-Scholes option pricing model.</span></span></p> </div> <div> </div> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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:</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities;</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Level 3 - Inputs that are not based on observable market data.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">There have been no transfers between fair value hierarchy levels during the years ended January 31, 2023 and 2022.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The Company's measures the derivative liability at fair value using Level 3 inputs.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The Company's cash, receivables, accounts payable and accrued liabilities, and income taxes payable are recorded at cost. The carrying values of these financial instruments approximate their fair value due to their short-term maturities. Unless otherwise noted, it is management's opinion that the Company is not exposed to significant interest or credit risks arising from these financial instruments.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Financial instruments subsequently measured at amortized cost include promissory note payable, convertible promissory notes, and reclamation obligation.</span></span></p> </div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>n)</b><span style="width: 9.36pt; display: inline-block;"> </span><b>Share-based compensation</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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 common stock.</span></span></p> </div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>o)</b><span style="width: 9.36pt; display: inline-block;"> </span><b>Income taxes</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The Company uses the asset and liability method to account for income taxes. Deferred income tax assets and liabilities are determined based on enacted tax rates and laws for the years in which the differences are expected to reverse.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">As the Company operates in the cannabis industry, it is subject to the limits of IRC Section 280E under which the Company is only allowed to deduct expenses directly related to the cost of producing the products or cost of production.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The Company recognizes uncertain income tax positions at the largest amount that is more-likely-than-not to be sustained upon examination by the relevant taxing authority. An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained. Recognition or measurement is reflected in the period in which the likelihood changes. Any interest and penalties related to unrecognized tax liabilities are presented within income tax expense in the consolidated statements of comprehensive income.</span></span></p> </div> <div> <p style="margin-top: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>p)</b><span style="width: 9.36pt; display: inline-block;"> </span><b>Earnings (loss) per share</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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.</span></span></p> </div> <div> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>q)</b><span style="width: 9.36pt; display: inline-block;"> </span><b>Revenue recognition</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Revenue is recognized by the Company in accordance with ASC 606 - <i>Revenue From Contracts With Customers</i>. Through application of the standard, the Company recognizes revenue to depict the transfer of promised goods or services to the customer in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">In order to recognize revenue under ASC 606, the Company applies the following five steps:</span></span></p> <p style="margin-left: 21.3pt; margin-bottom: 0pt; text-indent: -21.3pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1.<span style="width: 13.79pt; text-indent: 0pt; display: inline-block;"> </span>Identify a customer along with a corresponding contract</span></span></p> <p style="margin-top: 0pt; margin-left: 21.3pt; margin-bottom: 0pt; text-indent: -21.3pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2.<span style="width: 13.79pt; text-indent: 0pt; display: inline-block;"> </span>Identify the performance obligation(s) in the contract to transfer goods or provide distinct services to a customer</span></span></p> <p style="margin-top: 0pt; margin-left: 21.3pt; margin-bottom: 0pt; text-indent: -21.3pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">3.<span style="width: 13.79pt; text-indent: 0pt; display: inline-block;"> </span>Determine the transaction price that the Company expects to be entitled to in exchange for transferring promised goods or services to a customer</span></span></p> <p style="margin-top: 0pt; margin-left: 21.3pt; margin-bottom: 0pt; text-indent: -21.3pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4.<span style="width: 13.79pt; text-indent: 0pt; display: inline-block;"> </span>Allocate the transaction price to the performance obligation(s) in the contract</span></span></p> <p style="margin-top: 0pt; margin-left: 21.3pt; margin-bottom: 0pt; text-indent: -21.3pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">5.<span style="width: 13.79pt; text-indent: 0pt; display: inline-block;"> </span>Recognize revenue when or as the Company satisfies the performance obligation(s) in the contract</span></span></p> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The Company's contracts with customers for the sale of dried cannabis and other products derived from cannabis consist of one performance obligation, being the transfer of control of the goods to the customer at the point of sale. 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. 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.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Provisions for expected credit losses on accounts receivable are based on the Company's assessment of the collectability of specific customer balances, which is based upon a review of the customer's creditworthiness and past collection history. For trade receivables deemed to be uncollectible, and arose from the sale of goods, the Company will write off the specific balance against the allowance for doubtful accounts when it is known that a provided amount will not be collected.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The Company disaggregates its revenues based on sales to its retail customers where cash is received immediately versus wholesale customers to whom the Company extends credit terms. For the year ended January 31, 2023, revenue from retail sales from continuing operations totaled $26,713,239 (2022 - $32,351,024) and revenue from wholesale from continuing operations totaled $2,175,171 (2022 - $631,952).</span></span></p> </div> 26713239 32351024 2175171 631952 <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>r)</b><span style="width: 11.35pt; display: inline-block;"> </span><b>Loyalty program</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The Company offers a loyalty reward program to its dispensary customers that allows customers to earn reward credits that can be applied to future purchases. Loyalty reward credits issued as part of a sales transaction result in revenue being deferred until the loyalty reward is redeemed by the customer. The loyalty rewards are shown as reductions to the 'Revenue' line within the accompanying consolidated statements of income and comprehensive income and included as deferred revenue on the consolidated balance sheets. A portion of the revenue generated in a sale must be allocated to the loyalty points earned. The amount allocated to the points earned is deferred until the loyalty points are redeemed or expire. The loyalty program expiration policy is six months. As of January 31, 2023 and 2022, the loyalty liability totaled $94,068 and $nil, respectively, and is included in deferred revenue on the consolidated balance sheets.</span></span></p> </div> 94068 0 <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>s)</b><span style="width: 9.85pt; display: inline-block;"> </span><b>Reclamation obligation</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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 reclamation 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 statements comprehensive income. 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.</span></span></p> </div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>t)</b><span style="width: 11.86pt; display: inline-block;"> </span><b>Recently issued accounting pronouncements</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Recent accounting pronouncements, other than those below, issued by the Financial Accounting Standards Board, the American Institute of Certified Public Accountants and the U.S. Securities and Exchange Commission did not or are not believed by management to have a material effect on the Company's present or future financial statements.</span></span></p> </div> <div> <div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>4.</b><span style="width: 10.49pt; display: inline-block;"> </span><b>DISCONTINUED OPERATIONS</b></span></span></p> </div> </div> <div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">In January 2022, the Company entered into to a lease-to-own arrangement with a lessee for certain licenses, land and equipment in Oregon, USA, representing its outdoor growing operation. The lease-to-own arrangement concludes in January 2027 with total undiscounted payments over the term amounting to $2,514,805. The Company determined that the arrangement should be accounted for as a sales-type lease and concluded that it is not probable that all required payments will be made such that title will transfer at the end of the term. As such, in accordance with ASC 842, the land and equipment have not been derecognized and payments received will be recorded as a deposit liability until such time that collectability becomes probable. As at January 31, 2023, $175,000 has been received under the arrangement and has been recorded as a deposit liability.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">As a result of non-profitable operations in the Oregon reporting unit, the Company began to wind down operations in Oregon beginning in the year ended January 31, 2021. At January 31, 2021, the Company classified the assets and liabilities in Swell and Megawood as held for sale and completed the sale of these assets in April 2021. By January 31, 2022, the Company made the decision to cease all growing, manufacturing, and processing activities in Bend, Oregon. As the Oregon reporting unit comprises the assets of multiple components in distinct geographic locations, management anticipates completing the sale on a piecemeal basis. Management is engaged in an active program to seek buyers for the major classes of assets and liabilities in Oregon in order to complete a sale in the next twelve months.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On July 20, 2022, the Company sold the remaining Oregon inventory with a book value of $357,540 for proceeds of $357,540.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">During the year ended January 31, 2023, net loss from discontinued operations included impairment loss attributable to inventory in Oregon in the amount of $5,851 (2022 - $1,093,308) in order to record inventory at its net realizable value.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">During the year ended January 31, 2023, net loss from discontinued operations included impairment of right-of-use assets in Oregon in the amount of $183,745 (2022 - $nil) that the Company concluded had a recoverable amount of $nil.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Prepaid expenses classified as held for sale primarily relates to the renewal of licenses that may be transferred in the event of a sale. Otherwise, prepaid expenses will be expensed within loss from discontinued operations over the next twelve months.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">For the year ended January 31, 2023, the Company recorded a provision for expected credit losses on previously recorded management fees receivable of $218,425 (2022 - $111,616).</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Long-term debt consists of vehicle loans and a building mortgage. The mortgage began on February 1, 2015 and matures on January 1, 2035 (20 years). 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.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The following table summarizes the major classes of assets and liabilities of the discontinued Oregon operation that have been classified as held-for-sale in the consolidated balance sheets:</span></span></p> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>January 31,<br/>2023</b></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>January 31,<br/>2022</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 10.35pt; vertical-align: bottom; text-indent: -8.95pt; background-color: #e6efff; white-space: nowrap; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Carrying amounts of the major classes of assets included in discontinued operations:</b></span></span></td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; white-space: nowrap; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Receivables</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>15,522</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">64,456</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Inventory</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>-</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">363,391</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Prepaid expenses and deposits</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>84,972</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">111,617</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Deferred tax asset</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>143,078</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">152,177</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Property and equipment</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,139,517</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,139,517</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%; border-bottom: 1px solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Right-of-use assets</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%; border-bottom: 1px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%; border-bottom: 1px solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>-</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%; border-bottom: 1px solid black;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%; border-bottom: 1px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%; border-bottom: 1px solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">346,987</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%; border-bottom: 1px solid black;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: justify; width: 70%; border-bottom: 1px solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Total assets classified as held for sale</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 1px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 1px solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,383,089</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 1px solid black;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 1px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 1px solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2,178,145</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 1px solid black;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 10.35pt; vertical-align: bottom; text-indent: -8.95pt; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Carrying amounts of the major classes of liabilities included in discontinued operations:</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></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%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Lease liabilities</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>216,298</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">412,093</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Long-term debt</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>423,968</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">462,286</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 0.75pt solid black;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%; border-bottom: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Total liabilities classified as held for sale</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%; border-bottom: 1.5pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%; border-bottom: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>640,266</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%; border-bottom: 1.5pt solid black;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%; border-bottom: 1.5pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%; border-bottom: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">874,379</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%; border-bottom: 1.5pt solid black;"> </td> </tr> </table> <p style="margin: 0pt;"> </p> <div> </div> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">A summary of the Company's major classes of line items constituting net loss from discontinued operations for the years ended January 31, 2023 and 2022 is as follows:</span></span></p> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2023</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2022</span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Revenue</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>357,540</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,128,403</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Cost of sales</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>357,540</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,602,257</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 0.75pt solid black;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><b>Gross loss</b></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>-</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(473,854</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></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%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Expenses (income)</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Selling, general and administrative expenses</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>608,112</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">638,521</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 3.3pt; vertical-align: bottom; text-indent: -1.9pt; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Impairment loss</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>245,682</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,093,308</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 3.3pt; vertical-align: bottom; text-indent: -1.9pt; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Provision for expected credit losses</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>218,425</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">111,616</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 3.3pt; vertical-align: bottom; text-indent: -1.9pt; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Other income</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>6,861</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(32,231</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 3.3pt; vertical-align: bottom; text-indent: -1.9pt; width: 70%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Net loss from discontinued operations before income taxes</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(1,079,080</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(2,285,068</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Income tax (recovery) </span></span><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">expense</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(9,249</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">42,424</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%; border-bottom: 0.75pt solid black;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 3.3pt; vertical-align: bottom; text-indent: -1.9pt; width: 70%; border-bottom: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Net loss from discontinued operations after income taxes</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 1.5pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(1,088,329</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 1.5pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(2,242,644</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> </table> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">A summary of the Company's cash flows from discontinued operations for the years ended January 31, 2023 and 2022 is as follows:</span></span></p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> </p> <div> <div> <div style="margin-bottom: 10pt;"> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; width: 70%; border-bottom: 0.75pt solid black; border-top: 1.5pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%; border-bottom: 0.75pt solid black; border-top: 1.5pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%; border-bottom: 0.75pt solid black; border-top: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2023</b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%; border-bottom: 0.75pt solid black; border-top: 1.5pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%; border-bottom: 0.75pt solid black; border-top: 1.5pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%; border-bottom: 0.75pt solid black; border-top: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2022</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%; border-bottom: 0.75pt solid black; border-top: 1.5pt solid black;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; width: 70%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 9.95pt; vertical-align: bottom; text-indent: -8.55pt; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Net cash used in operating activities of discontinued operations</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(71,292</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(1,602,478</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 9.95pt; vertical-align: bottom; text-indent: -8.55pt; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Net cash provided by investing activities of discontinued operations</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>51,357</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,168,349</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 9.95pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-indent: -8.55pt; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Net cash used in financing activities of discontinued operations</span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(58,032</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(105,360</span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> </table> </div> </div> </div> </div> </div> </div> 2514805 175000 357540 357540 5851 1093308 183745 0 0 218425 111616 P20Y 0.045 interest rates ranging from 5.59% to 19.9% with payments made monthly <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>January 31,<br/>2023</b></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>January 31,<br/>2022</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 10.35pt; vertical-align: bottom; text-indent: -8.95pt; background-color: #e6efff; white-space: nowrap; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Carrying amounts of the major classes of assets included in discontinued operations:</b></span></span></td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; white-space: nowrap; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Receivables</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>15,522</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">64,456</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Inventory</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>-</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">363,391</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Prepaid expenses and deposits</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>84,972</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">111,617</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Deferred tax asset</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>143,078</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">152,177</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Property and equipment</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,139,517</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,139,517</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%; border-bottom: 1px solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Right-of-use assets</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%; border-bottom: 1px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%; border-bottom: 1px solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>-</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%; border-bottom: 1px solid black;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%; border-bottom: 1px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%; border-bottom: 1px solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">346,987</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%; border-bottom: 1px solid black;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: justify; width: 70%; border-bottom: 1px solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Total assets classified as held for sale</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 1px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 1px solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,383,089</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 1px solid black;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 1px solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 1px solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2,178,145</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 1px solid black;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 10.35pt; vertical-align: bottom; text-indent: -8.95pt; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Carrying amounts of the major classes of liabilities included in discontinued operations:</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></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%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Lease liabilities</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>216,298</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">412,093</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Long-term debt</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>423,968</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">462,286</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 0.75pt solid black;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%; border-bottom: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Total liabilities classified as held for sale</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%; border-bottom: 1.5pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%; border-bottom: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>640,266</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%; border-bottom: 1.5pt solid black;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%; border-bottom: 1.5pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%; border-bottom: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">874,379</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%; border-bottom: 1.5pt solid black;"> </td> </tr> </table> 15522 64456 0 363391 84972 111617 143078 152177 1139517 1139517 0 346987 1383089 2178145 216298 412093 423968 462286 640266 874379 <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2023</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2022</span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Revenue</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>357,540</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,128,403</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Cost of sales</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>357,540</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,602,257</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 0.75pt solid black;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><b>Gross loss</b></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>-</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(473,854</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></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%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Expenses (income)</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Selling, general and administrative expenses</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>608,112</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">638,521</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 3.3pt; vertical-align: bottom; text-indent: -1.9pt; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Impairment loss</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>245,682</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,093,308</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 3.3pt; vertical-align: bottom; text-indent: -1.9pt; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Provision for expected credit losses</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>218,425</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">111,616</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 3.3pt; vertical-align: bottom; text-indent: -1.9pt; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Other income</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>6,861</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(32,231</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 3.3pt; vertical-align: bottom; text-indent: -1.9pt; width: 70%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Net loss from discontinued operations before income taxes</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(1,079,080</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(2,285,068</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Income tax (recovery) </span></span><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">expense</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(9,249</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">42,424</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%; border-bottom: 0.75pt solid black;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 3.3pt; vertical-align: bottom; text-indent: -1.9pt; width: 70%; border-bottom: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Net loss from discontinued operations after income taxes</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 1.5pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(1,088,329</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 1.5pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(2,242,644</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> </table> 357540 1128403 357540 1602257 0 -473854 608112 638521 245682 1093308 218425 111616 -6861 32231 -1079080 -2285068 9249 -42424 -1088329 -2242644 <div style="margin-bottom: 10pt;"> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; width: 70%; border-bottom: 0.75pt solid black; border-top: 1.5pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%; border-bottom: 0.75pt solid black; border-top: 1.5pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%; border-bottom: 0.75pt solid black; border-top: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2023</b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%; border-bottom: 0.75pt solid black; border-top: 1.5pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%; border-bottom: 0.75pt solid black; border-top: 1.5pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%; border-bottom: 0.75pt solid black; border-top: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2022</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%; border-bottom: 0.75pt solid black; border-top: 1.5pt solid black;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; width: 70%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 9.95pt; vertical-align: bottom; text-indent: -8.55pt; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Net cash used in operating activities of discontinued operations</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(71,292</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(1,602,478</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 9.95pt; vertical-align: bottom; text-indent: -8.55pt; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Net cash provided by investing activities of discontinued operations</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>51,357</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,168,349</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 9.95pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-indent: -8.55pt; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Net cash used in financing activities of discontinued operations</span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(58,032</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(105,360</span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> </table> </div> -71292 -1602478 51357 1168349 -58032 -105360 <div> <div> <div> <div> <div> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>5.</b><span style="width: 10.49pt; display: inline-block;"> </span><b>SECURITY DEPOSIT</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Non-current assets include a security 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. At January 31, 2023, the security deposit had a balance of $46,871 (January 31, 2022 - $49,011).</span></span></p> </div> </div> </div> </div> </div> 46871 49011 <div> <p style="text-align: justify; margin-top: 0px; margin-bottom: 10px;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>6.</b><span style="width: 10.49pt; display: inline-block;"> </span><b>RECEIVABLES</b></span></span></p> <div> <div> <div> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">A summary of the Company's receivables is as follows:</span></span></p> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>January 31,<br/>2023</b></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>January 31,<br/>2022</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: right; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Taxes receivable</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>10,834</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">11,945</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Trade receivables</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>401,476</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">198,478</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; border-bottom: 1.5pt solid #000000; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>412,310</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">210,423</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> </table> </div> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">There was no provision for expected credit losses on trade receivables at January 31, 2023 or January 31, 2022.</span></span></p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> </p> </div> </div> </div> </div> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>January 31,<br/>2023</b></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>January 31,<br/>2022</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: right; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Taxes receivable</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>10,834</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">11,945</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Trade receivables</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>401,476</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">198,478</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; border-bottom: 1.5pt solid #000000; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>412,310</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">210,423</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> </table> </div> 10834 11945 401476 198478 412310 210423 0 0 <div> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0px;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>7.</b><span style="width: 10.49pt; display: inline-block;"> </span><b>INVENTORY</b></span></span></p> <div> <div> <div> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">A summary of the Company's inventory is as follows:</span></span></p> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>January 31,</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>2023</b></span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">January 31,</span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">2022</span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: right; white-space: nowrap; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Finished goods</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,556,353</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,848,392</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Work in process</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2,494,455</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2,029,133</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Raw materials</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>122,765</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">176,948</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>4,173,573</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4,054,473</span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table> </div> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 10pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">During the year ended January 31, 2022, cost of sales includes a provision to record inventory at net realizable value of $174,453 (January 31, 2022 - $nil). Finished goods inventory is presented net of the provision to record inventory at net realizable value.</span></span></p> </div> </div> </div> </div> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>January 31,</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>2023</b></span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">January 31,</span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">2022</span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: right; white-space: nowrap; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Finished goods</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,556,353</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,848,392</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Work in process</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2,494,455</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2,029,133</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Raw materials</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>122,765</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">176,948</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>4,173,573</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4,054,473</span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table> </div> 1556353 1848392 2494455 2029133 122765 176948 4173573 4054473 174453 0 <div> <div> <div> <p style="text-align: justify; margin-top: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>8.    </b><b>PROPERTY AND EQUIPMENT AND RIGHT-OF-USE ASSETS</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>a)</b><span style="width: 9.85pt; display: inline-block;"> </span><b>Property and equipment</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">A summary of the Company's property and equipment is as follows:</span></span></p> </div> </div> <div> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b> </b></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><span><span><b>January 31,<br/>2023</b></span></span></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><span><span>January 31,<br/>2022</span></span></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: right; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b> </b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>$</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Land</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>1,330,000</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>1,330,000</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Leasehold improvements</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>1,775,896</b></span></span></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>1,758,229</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Furniture &amp; fixtures</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>468,696</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>460,890</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Computer equipment</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>6,659</b></span></span></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>46,484</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Machinery &amp; equipment</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>2,450,919</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>2,305,217</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%; border-bottom: 0.75pt solid black;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: right; width: 70%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>6,032,170</b></span></span></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>5,900,820</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; border-bottom: 0.75pt solid #000000; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Less: accumulated depreciation</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>(1,347,052</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>)</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>(1,031,227</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>)</span></span></span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; width: 70%;"> </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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>4,685,118</b></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt 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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>4,869,593</span></span></span></span></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> <div> <div> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Total depreciation expense for the year ended January 31, 2023 was $533,702 (2022 - $472,998). Of the total depreciation expense, $472,096 was allocated to inventory (2022 - $260,006). During the year, the Company disposed of property and equipment with a cost of $309,907 and accumulated depreciation of $217,877.</span></span></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>At January 31, 2022, the Company reclassified buildings with a cost of $1,370,212 and accumulated depreciation of $230,695 to assets classified as held for sale.</span></span></span></span></p> </div> </div> <div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>b)</b><span style="width: 9.36pt; display: inline-block;"> </span><b>Right-of-use assets</b></span></span></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>The Company's right-of-use assets result from its operating leases (Note 11) and consist of land and buildings used in the cultivation, processing, and warehousing of its products.</span></span></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>At January 31, 2023, assets classified as held for sale contains right-of-use assets with a carrying value of $nil (January 31, 2022 - $346,987). </span></span></span></span><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Management estimated the fair value less costs to sell of right-of-use assets classified as held for sale at January 31, 2023 was $nil (January 31, 2022 - $346,987).</span></span></p> </div> </div> </div> <div> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b> </b></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><span><span><b>January 31,<br/>2023</b></span></span></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><span><span>January 31,<br/>2022</span></span></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: right; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b> </b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>$</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Land</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>1,330,000</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>1,330,000</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Leasehold improvements</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>1,775,896</b></span></span></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>1,758,229</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Furniture &amp; fixtures</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>468,696</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>460,890</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Computer equipment</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>6,659</b></span></span></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>46,484</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Machinery &amp; equipment</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>2,450,919</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>2,305,217</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%; border-bottom: 0.75pt solid black;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: right; width: 70%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>6,032,170</b></span></span></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>5,900,820</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; border-bottom: 0.75pt solid #000000; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Less: accumulated depreciation</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>(1,347,052</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>)</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>(1,031,227</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>)</span></span></span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; width: 70%;"> </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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>4,685,118</b></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt 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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>4,869,593</span></span></span></span></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> 1330000 1330000 1775896 1758229 468696 460890 6659 46484 2450919 2305217 6032170 5900820 1347052 1031227 4685118 4869593 533702 472998 472096 260006 309907 217877 1370212 230695 0 346987 0 346987 <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>9.</b><span style="width: 10.49pt; display: inline-block;"> </span><b>INTANGIBLE ASSETS AND GOODWILL</b></span></span></p> <div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>a)</b><span style="width: 9.85pt; display: inline-block;"> </span><b>Intangible assets</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">A summary of the Company's intangible assets subject to amortization is as follows:</span></span></p> <div> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; margin-top: 0pt; margin-bottom: 0pt;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><b>January 31,</b></span></span></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">2023</span></span></b></span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; margin-top: 0pt; margin-bottom: 0pt;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">January 31,</span></span></span></span></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">2022</span></span></span></span></span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Licenses</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>12,167,021</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">12,141,476</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Brands</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>644,800</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">868,982</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Customer relationships</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,540,447</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,758,553</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"> </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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>14,352,268</b></span></span></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: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">14,769,011</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Less: accumulated amortization</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(6,465,443</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(5,544,846</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000;"> </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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>7,886,825</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt 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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">9,224,165</span></span></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> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">During the year ended January 31, 2023, the Company recognized amortization expense on intangible assets of $1,337,336 (2022 - $1,370,286).</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">During the year ended January 31, 2022, the Company recognized impairment charges of $363,510 on customer relationships allocated to the Oregon reporting unit (Note 4).</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The estimated aggregate amortization expense for each of the five succeeding years is as follows:</span></span></p> <div> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 1.5pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">January 31, 2024</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,337,336</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">January 31, 2025</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,337,336</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">January 31, 2026</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,337,336</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">January 31, 2027</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,337,336</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">January 31, 2028</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,325,336</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Thereafter</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,212,145</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; background-color: #e6efff;"> </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: #e6efff;"> </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: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>7,886,825</b></span></span></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: #e6efff;"> </td> </tr> </table> </div> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>b)</b><span style="width: 9.36pt; display: inline-block;"> </span><b>Goodwill</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">As at January 31, 2023 and 2022, the Company had goodwill of $28,541,323 and $28,541,323, respectively, which was allocated to the Nevada reporting unit. There was no impairment on goodwill identified in either year.</span></span></p> </div> </div> </div> <div> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; margin-top: 0pt; margin-bottom: 0pt;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><b>January 31,</b></span></span></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">2023</span></span></b></span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; margin-top: 0pt; margin-bottom: 0pt;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">January 31,</span></span></span></span></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">2022</span></span></span></span></span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Licenses</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>12,167,021</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">12,141,476</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Brands</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>644,800</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">868,982</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Customer relationships</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,540,447</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,758,553</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"> </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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>14,352,268</b></span></span></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: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">14,769,011</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Less: accumulated amortization</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(6,465,443</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(5,544,846</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000;"> </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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>7,886,825</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt 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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">9,224,165</span></span></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> 12167021 12141476 644800 868982 1540447 1758553 14352268 14769011 6465443 5544846 7886825 9224165 1337336 1370286 363510 <div> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 1.5pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">January 31, 2024</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,337,336</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">January 31, 2025</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,337,336</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">January 31, 2026</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,337,336</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">January 31, 2027</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,337,336</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">January 31, 2028</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,325,336</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Thereafter</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,212,145</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; background-color: #e6efff;"> </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: #e6efff;"> </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: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>7,886,825</b></span></span></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: #e6efff;"> </td> </tr> </table> </div> 1337336 1337336 1337336 1337336 1325336 1212145 7886825 28541323 28541323 <div> <p style="text-align: justify; margin-top: 0px;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>10.</b><span style="width: 5.49pt; display: inline-block;"> </span><b>ACCOUNTS PAYABLE AND ACCRUED LIABILITIES</b></span></span></p> <div> <div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">A summary of the Company's accounts payable and accrued liabilities is as follows:</span></span></p> <div> <div> <div> <div> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><span><span><b>January 31,<br/>2023</b></span></span></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><span><span>January 31,<br/>2022</span></span></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: right; white-space: nowrap; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Accounts payable</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,842,089</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,402,546</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Accrued liabilities</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>450,485</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">428,414</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">EFF settlement accrual (Note 20)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>612,500</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">612,500</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Interest payable</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>16,352</b></span></span></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: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">65,409</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2,921,426</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2,508,869</span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> </table> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div> <div> <div> <div> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><span><span><b>January 31,<br/>2023</b></span></span></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><span><span>January 31,<br/>2022</span></span></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: right; white-space: nowrap; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Accounts payable</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,842,089</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,402,546</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Accrued liabilities</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>450,485</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">428,414</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">EFF settlement accrual (Note 20)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>612,500</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">612,500</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Interest payable</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>16,352</b></span></span></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: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">65,409</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2,921,426</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2,508,869</span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> </table> </div> </div> </div> </div> </div> 1842089 1402546 450485 428414 612500 612500 16352 65409 2921426 2508869 <div> <div> <div> <p style="text-align: justify; margin-top: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>11.  </b><b>LEASES</b></span></span></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>The Company's leases consist of land and buildings used in the cultivation, processing, and warehousing of its products. All leases were classified as operating leases in accordance with ASC 842.</span></span></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>A summary of the Company's active leases and total lease term under contract as at January 31, 2023 is as follows:</span></span></span></span></p> </div> </div> <div> <div> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>Entity Name/Lessee</b></span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>Asset</b></span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>Lease term</b></span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>Type</b></span></span></span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; background-color: #e6efff; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Silver State Cultivation LLC</span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: center; background-color: #e6efff; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Land/ Building</span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: center; background-color: #e6efff; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span> 12 </span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: center; background-color: #e6efff; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Operating lease</span></span></span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Silver State Relief LLC (Sparks)</span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: center; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Land/ Building</span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: center; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span> 12 </span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: center; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Operating lease</span></span></span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; background-color: #e6efff; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Silver State Relief LLC (Fernley)</span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: center; background-color: #e6efff; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Land/ Building</span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: center; background-color: #e6efff; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span> 12 </span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: center; background-color: #e6efff; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Operating lease</span></span></span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Phantom Distribution, LLC</span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: center; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Land/ Building</span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: center; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span> 5 </span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: center; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Operating lease</span></span></span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; background-color: #e6efff; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>63353 Bend, LLC</span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: center; background-color: #e6efff; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Land/ Building</span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: center; background-color: #e6efff; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span> 5 </span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: center; background-color: #e6efff; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Operating lease</span></span></span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid black; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>20727-4 Bend, LLC</span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-bottom: 1.5pt solid black; text-align: center; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Land/ Building</span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-bottom: 1.5pt solid black; text-align: center; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span> 5 </span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-bottom: 1.5pt solid black; text-align: center; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Operating lease</span></span></span></span></td> </tr> </table> </div> </div> </div> <div> <div> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>For the year ended January 31, 2023, the Company incurred operating lease costs in continuing operations of $1,403,743, (2022 - $1,403,743). Of this amount, $812,368 (2022 - $812,368) was allocated to inventory.</span></span></span></span></p> </div> </div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>A summary of the Company's weighted average discount rate used in calculating lease liabilities and weighted average remaining lease term is as follows:</span></span></span></span></p> <div> <div> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; width: 70%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><b>January 31,<br/>2023</b></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span>January 31,<br/>2022</span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span>Weighted average discount rate</span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><b>10%</b></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span>10%</span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 1.5pt solid black; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span>Weighted average remaining lease term (years)</span></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid black; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid black; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><b> 9.63 </b></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid black; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid black; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid black; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span> 10.46 </span></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid black; text-align: left; width: 2%;"> </td> </tr> </table> </div> </div> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span>A summary of the maturity of contractual undiscounted liabilities associated with the Company's operating leases as of January 31, 2023 is as follows:</span></span></span></p> </div> </div> <div> <div> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 82%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>Year ending January, </b></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 82%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>2024</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="background-color: #e6efff; width: 15%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>1,276,262</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 82%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>2025</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>1,314,551</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 82%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>2026</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>1,353,987</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 82%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>2027</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>1,394,607</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 82%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>2028</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>1,436,445</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 82%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Thereafter</span></span></span></span></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: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>7,712,494</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 82%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Total undiscounted lease liabilities</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>14,488,346</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 82%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Interest on lease liabilities</span></span></span></span></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: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>(5,534,921</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>)</span></span></span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 82%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Total present value of minimum lease payments</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>8,953,425</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 82%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Current portion of lease liability</span></span></span></span></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: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>398,723</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; border-bottom: 1.5pt solid #000000; width: 82%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>Lease liability</b></span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>8,554,702</b></span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> </table> </div> </div> </div> <div> <div> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>As at January 31, 2023, liabilities classified as held for sale include lease liabilities of $216,298 (2022 - $412,093) </span></span></span></span><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">and pertain to the operating leases in Phantom Distribution, LLC, 63353 Bend, LLC and 20727-4 Bend, LLC.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">As at January 31, 2023, t</span></span><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>he Company has total undiscounted lease liabilities of $14,488,346 </span></span></span></span><span style="font-family: Times New Roman,Times,serif;"><span style="font-size: 10pt;">pertaining to lease liabilities in continuing operations and total undiscounted lease liabilities of</span></span><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span> $228,192 which are classified as held for sale </span></span></span></span><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">and pertain to the operating leases in Phantom Distribution, LLC, 63353 Bend, LLC and 20727-4 Bend, LLC.</span></span></p> </div> </div> <div> <div> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>Entity Name/Lessee</b></span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>Asset</b></span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>Lease term</b></span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>Type</b></span></span></span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; background-color: #e6efff; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Silver State Cultivation LLC</span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: center; background-color: #e6efff; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Land/ Building</span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: center; background-color: #e6efff; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span> 12 </span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: center; background-color: #e6efff; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Operating lease</span></span></span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Silver State Relief LLC (Sparks)</span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: center; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Land/ Building</span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: center; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span> 12 </span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: center; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Operating lease</span></span></span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; background-color: #e6efff; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Silver State Relief LLC (Fernley)</span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: center; background-color: #e6efff; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Land/ Building</span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: center; background-color: #e6efff; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span> 12 </span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: center; background-color: #e6efff; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Operating lease</span></span></span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Phantom Distribution, LLC</span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: center; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Land/ Building</span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: center; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span> 5 </span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: center; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Operating lease</span></span></span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; background-color: #e6efff; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>63353 Bend, LLC</span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: center; background-color: #e6efff; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Land/ Building</span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: center; background-color: #e6efff; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span> 5 </span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: center; background-color: #e6efff; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Operating lease</span></span></span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid black; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>20727-4 Bend, LLC</span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-bottom: 1.5pt solid black; text-align: center; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Land/ Building</span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-bottom: 1.5pt solid black; text-align: center; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span> 5 </span></span></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-bottom: 1.5pt solid black; text-align: center; width: 20%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Operating lease</span></span></span></span></td> </tr> </table> </div> </div> </div> P12Y P12Y P12Y P5Y P5Y P5Y 1403743 1403743 812368 812368 <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; width: 70%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><b>January 31,<br/>2023</b></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span>January 31,<br/>2022</span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span>Weighted average discount rate</span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><b>10%</b></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span>10%</span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 1.5pt solid black; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span>Weighted average remaining lease term (years)</span></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid black; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid black; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><b> 9.63 </b></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid black; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid black; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid black; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span> 10.46 </span></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid black; text-align: left; width: 2%;"> </td> </tr> </table> 0.10 0.10 P9Y7M17D P10Y5M15D <div> <div> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 82%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>Year ending January, </b></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 82%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>2024</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="background-color: #e6efff; width: 15%; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>1,276,262</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 82%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>2025</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>1,314,551</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 82%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>2026</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>1,353,987</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 82%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>2027</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>1,394,607</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 82%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>2028</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>1,436,445</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 82%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Thereafter</span></span></span></span></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: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>7,712,494</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 82%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Total undiscounted lease liabilities</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>14,488,346</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 82%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Interest on lease liabilities</span></span></span></span></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: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>(5,534,921</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>)</span></span></span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 82%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Total present value of minimum lease payments</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>8,953,425</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 82%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Current portion of lease liability</span></span></span></span></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: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>398,723</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; border-bottom: 1.5pt solid #000000; width: 82%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>Lease liability</b></span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 15%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>8,554,702</b></span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> </table> </div> </div> </div> 1276262 1314551 1353987 1394607 1436445 7712494 14488346 5534921 8953425 398723 8554702 216298 412093 14488346 228192 <div> <div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>12.</b><span style="width: 5.49pt; display: inline-block;"> </span><b>PROMISSORY NOTES</b></span></span></p> </div> </div> <div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Transaction costs related to the issuance of convertible promissory notes are apportioned to their respective financial liability and equity components (if applicable) in proportion to the allocation of proceeds as a reduction to the carrying amount of each component.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">When valuing the financial liability component of the promissory 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.</span></span></p> <div> </div> <p style="font-size: 10pt; font-family: Times New Roman, Times, serif; margin-top: 10pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>a)</b><span style="width: 9.85pt; display: inline-block;"> </span><b>Convertible promissory notes</b></span></span></p> <p style="text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">A summary of the Company's convertible promissory notes denominated in U.S. dollars is as follows:</span></span></p> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap; width: 55%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>June 13, 2018</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><b>issuance</b></span></span></span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>May 24, 2019</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><b>issuance</b></span></span></span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>Total</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; width: 55%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance, January 31, 2021</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,072,590</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,130,056</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2,202,646</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Payment</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(1,210,000</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(1,210,000</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Interest expense</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">17,649</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">40,685</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">58,334</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Accretion expense</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">191,203</span></span></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: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">39,259</span></span></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: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">230,462</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance, January 31, 2022</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,281,442</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,281,442</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Payment</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(41,600</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(41,600</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Interest expense</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,600</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,600</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Loss on foreign exchange translation</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(85,183</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(85,183</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Balance, January 31, 2023</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,156,259</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>-</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,156,259</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> </table> </div> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On August 19, 2022, the Company repaid $41,600 comprised of $40,000 of principal and $1,600 of interest related to the June 13, 2018 issuance of convertible promissory notes.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On June 13, 2018, the Company issued convertible promissory notes to the vendors that sold Eco Firma Farms, LLC ("EFF") 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 were fully due and payable on June 13, 2021. The Company is in an ongoing dispute with the vendors over repayment (Note 20). On issuance, the Company determined the conversion feature was a derivative liability as the convertible promissory notes were exercisable in USD while the functional currency of the Company is Canadian dollars. The conversion feature expired on June 13, 2021 and as such the fair value of the conversion feature as at January 31, 2023 was $nil (January 31, 2022 - $nil).</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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 note is convertible into common shares of the Company at a conversion price of $1.56 per share and may be converted at the maturity date. On issuance, the Company determined the conversion feature was a derivative liability as the convertible promissory notes are exercisable in USD while the functional currency of the Company is Canadian dollars. On May 24, 2021 the note was fully repaid.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>b)</b><span style="width: 9.36pt; display: inline-block;"> </span><b>Promissory note payable</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">A summary of the Company's promissory note payable denominated in USD is as follows:</span></span></p> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap; width: 85%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 85%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance, January 31, 2021</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">14,186,667</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 85%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Repayments</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(6,080,000</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 85%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance, January 31, 2022</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">8,106,667</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 85%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Repayments</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(6,080,000</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; background-color: #e6efff; width: 85%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Balance, January 31, 2023</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2,026,667</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 85%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Current portion</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2,026,667</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; background-color: #e6efff; width: 85%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Non-current portion</span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> </table> </div> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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 promissory 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 promissory note accrues interest at a rate of 10% per annum. The promissory note is secured by all of the outstanding membership interests, and a security interest in all of the assets, of Silver State.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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.</span></span></p> <div> </div> <p style="font-size: 10pt; font-family: Times New Roman, Times, serif; margin-top: 10pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Effective November 21, 2019 and June 25, 2020, Mr. Newman and the Company agreed to further amend the terms of the 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 promissory note is due and payable on January 1, 2021. This modification resulted in a gain of $nil.</span></span></p> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On November 19, 2020, the Company announced an agreement with Mr. Newman that the remaining $15,200,000 principal outstanding on his promissory note, due to mature on January 1, 2021, was amended with lower monthly payments amortized over a 30-month period. Commencing December 1, 2020, the monthly payments are $506,667 plus interest. The interest rate at 9.5% was unchanged.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">For the year ended January 31, 2023, interest expense was $455,091 (2022 - $1,032,691). Interest paid during the year ended January 31, 2023 was $504,147 (2022 - $1,082,500).</span></span></p> </div> </div> </div> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap; width: 55%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>June 13, 2018</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><b>issuance</b></span></span></span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>May 24, 2019</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><b>issuance</b></span></span></span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>Total</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; width: 55%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance, January 31, 2021</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,072,590</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,130,056</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2,202,646</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Payment</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(1,210,000</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(1,210,000</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Interest expense</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">17,649</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">40,685</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">58,334</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Accretion expense</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">191,203</span></span></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: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">39,259</span></span></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: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">230,462</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance, January 31, 2022</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,281,442</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,281,442</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Payment</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(41,600</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(41,600</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Interest expense</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,600</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,600</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Loss on foreign exchange translation</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(85,183</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(85,183</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Balance, January 31, 2023</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,156,259</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>-</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,156,259</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> </table> </div> 1072590 1130056 2202646 0 1210000 1210000 17649 40685 58334 191203 39259 230462 1281442 0 1281442 41600 0 41600 1600 0 1600 85183 0 85183 1156259 0 1156259 41600 40000 1600 2000000 1 0.04 0 0 1000000 0.10 1.56 <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap; width: 85%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 85%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance, January 31, 2021</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">14,186,667</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 85%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Repayments</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(6,080,000</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 85%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance, January 31, 2022</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">8,106,667</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 85%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Repayments</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(6,080,000</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; background-color: #e6efff; width: 85%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Balance, January 31, 2023</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2,026,667</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 85%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Current portion</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2,026,667</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; background-color: #e6efff; width: 85%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Non-current portion</span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> </table> </div> 14186667 6080000 8106667 6080000 2026667 2026667 0 30000000 3000000 6000000 6000000 6000000 6000000 3000000 0.10 2000000 800000 800000 600000 0.10 0.095 15200000 506667 0.095 455091 1032691 504147 1082500 <div> <p style="text-align: justify; margin-top: 0px;"><b><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><span><span>13.<span style="display: inline-block; width: 4.5pt;"> </span>DERIVATIVE LIABILITY</span></span></span></span></span></span></b></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><span><span>A summary of the Company's derivative liabilities is as follows:</span></span></span></span></span></span></p> <div> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; white-space: nowrap; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; width: 55%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><span><span><b>Conversion<br/>feature of<br/>convertible<br/>promissory<br/>notes</b></span></span></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><span><span><b>Earn out </b><br/><b>shares</b></span></span></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><span><span><b>Total</b></span></span></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b> </b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Balance, January 31, 2021</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>485,157</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>9,273,970</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>9,759,127</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Fair value adjustment on derivative liabilities</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>(485,157</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>)</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>(8,091,133</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>)</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>(8,576,290</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>)</span></span></span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Settlement of Phantom earn out</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>-</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>(677,939</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>)</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>(677,939</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>)</span></span></span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Effect of foreign exchange</span></span></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>-</span></span></span></span></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: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>501,470</span></span></span></span></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: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>501,470</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Balance, January 31, 2022</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>-</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>1,006,368</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>1,006,368</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Fair value adjustment on derivative liabilities</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>-</span></span></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>(742,483</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>)</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>(742,483</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>)</span></span></span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; border-bottom: 0.75pt solid #000000; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Effect of foreign exchange</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>-</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>(24,185</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>)</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>(24,185</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>)</span></span></span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>Balance, January 31, 2023</b></span></span></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>-</b></span></span></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>239,700</b></span></span></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>239,700</b></span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table> </div> </div> <div> <div> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>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 were based on the Company's common shares exceeding certain share prices during the period. The fair value of the derivative liability is derived using a Monte Carlo simulation. On January 24, 2022, the Company issued 1,300,000 common shares for full settlement of the Phantom earn out shares.</span></span></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>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 were based on the Company's common shares exceeding certain share prices during the period. Additionally, the 50% of the earn out shares are earned upon a change of control of the Company. The fair value of the derivative liability is derived using a Monte Carlo simulation.</span></span></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>A summary of the Company's significant inputs into the Monte Carlo simulation used to determine the fair value of earn out shares is as follows:</span></span></span></span></p> </div> </div> <div> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; width: 69%;"> <p><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></p> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; width: 2%;"> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; width: 12%;"> <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>January 31,<br/>2023</b></span></span></span></span></p> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; width: 2%;"> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; width: 1%;"> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; width: 12%;"> <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>January 31,<br/>2022</span></span></span></span></p> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="background-color: #e6efff; height: 15px; margin-top: 0pt; margin-bottom: 0pt; width: 69%;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">Discount rate</span></span></span></td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; width: 2%;"> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; text-align: right; width: 12%;"><span style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>4.43%</b></span></span></span></td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; width: 2%;"> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; width: 1%;"> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; width: 12%;"> <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1.24%</span></span></p> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; width: 69%;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">Expected life in years</span></span></span></td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; width: 2%;"> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; width: 12%;"> <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>3.31</b></span></span></p> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; width: 2%;"> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; width: 1%;"> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; text-align: right; width: 12%;"><span style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4.33</span></span></span></td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; width: 2%;"> </td> </tr> <tr> <td style="background-color: #e6efff; margin-top: 0pt; margin-bottom: 0pt; width: 69%;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">Expected stock volatility</span></span></span></td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; width: 2%;"> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; width: 12%;"> <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>80%</b></span></span></p> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; width: 2%;"> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; width: 1%;"> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; text-align: right; width: 12%;"><span style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">80%</span></span></span></td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; margin-top: 0pt; margin-bottom: 0pt; width: 69%;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">Expected volatility of foreign exchange</span></span></span></td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; width: 2%;"> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; width: 12%;"> <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>6.40%</b></span></span></p> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; width: 2%;"> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; width: 1%;"> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%;"><span style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">6.52%</span></span></span></td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; width: 2%;"> </td> </tr> </table> </div> </div> <div> <div style="margin-top: 10pt; margin-bottom: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>The conversion feature of the June 13, 2018 and May 24, 2019 convertible promissory notes expired on June 13, 2021 and May 24, 2021, respectively. As such, the fair value of each at January 31, 2023 and 2022 was $nil and $nil, respectively.</span></span></span></span></div> </div> </div> <div> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; white-space: nowrap; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; width: 55%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><span><span><b>Conversion<br/>feature of<br/>convertible<br/>promissory<br/>notes</b></span></span></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><span><span><b>Earn out </b><br/><b>shares</b></span></span></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><span><span><b>Total</b></span></span></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b> </b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Balance, January 31, 2021</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>485,157</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>9,273,970</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>9,759,127</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Fair value adjustment on derivative liabilities</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>(485,157</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>)</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>(8,091,133</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>)</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>(8,576,290</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>)</span></span></span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Settlement of Phantom earn out</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>-</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>(677,939</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>)</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>(677,939</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>)</span></span></span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Effect of foreign exchange</span></span></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>-</span></span></span></span></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: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>501,470</span></span></span></span></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: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>501,470</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Balance, January 31, 2022</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>-</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>1,006,368</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>1,006,368</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Fair value adjustment on derivative liabilities</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>-</span></span></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>(742,483</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>)</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>(742,483</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>)</span></span></span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; border-bottom: 0.75pt solid #000000; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Effect of foreign exchange</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>-</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>(24,185</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>)</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>(24,185</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>)</span></span></span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>Balance, January 31, 2023</b></span></span></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>-</b></span></span></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>239,700</b></span></span></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>239,700</b></span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table> </div> </div> 485157 9273970 9759127 -485157 -8091133 -8576290 0 677939 677939 0 501470 501470 0 1006368 1006368 0 -742483 -742483 0 -24185 -24185 0 239700 239700 4500000 1300000 6000000 0.50 <div> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; width: 69%;"> <p><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></p> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; width: 2%;"> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; width: 12%;"> <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>January 31,<br/>2023</b></span></span></span></span></p> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; width: 2%;"> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; width: 1%;"> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; width: 12%;"> <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>January 31,<br/>2022</span></span></span></span></p> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="background-color: #e6efff; height: 15px; margin-top: 0pt; margin-bottom: 0pt; width: 69%;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">Discount rate</span></span></span></td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; width: 2%;"> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; text-align: right; width: 12%;"><span style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>4.43%</b></span></span></span></td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; width: 2%;"> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; width: 1%;"> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; width: 12%;"> <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1.24%</span></span></p> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; width: 69%;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">Expected life in years</span></span></span></td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; width: 2%;"> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; width: 12%;"> <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>3.31</b></span></span></p> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; width: 2%;"> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; width: 1%;"> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; text-align: right; width: 12%;"><span style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4.33</span></span></span></td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; width: 2%;"> </td> </tr> <tr> <td style="background-color: #e6efff; margin-top: 0pt; margin-bottom: 0pt; width: 69%;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">Expected stock volatility</span></span></span></td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; width: 2%;"> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; width: 12%;"> <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>80%</b></span></span></p> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; width: 2%;"> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; width: 1%;"> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; text-align: right; width: 12%;"><span style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">80%</span></span></span></td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; margin-top: 0pt; margin-bottom: 0pt; width: 69%;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">Expected volatility of foreign exchange</span></span></span></td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; width: 2%;"> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; width: 12%;"> <p style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>6.40%</b></span></span></p> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; width: 2%;"> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; width: 1%;"> </td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%;"><span style="text-align: right; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">6.52%</span></span></span></td> <td style="padding-right: 2.85pt; padding-left: 1.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; width: 2%;"> </td> </tr> </table> </div> </div> 4.43 1.24 3.31 4.33 80 80 6.4 6.52 0 0 <div> <p style="text-align: justify; margin-top: 0px;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>14.</b><span style="width: 5.49pt; display: inline-block;"> </span><b>SHARE CAPITAL</b></span></span></p> <div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">A summary of the Company's share capital is as follows:</span></span></p> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap; width: 70%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>Number of</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>shares</b></span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>Common</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>stock</b></span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; width: 70%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">#</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance, January 31, 2021</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">117,057,860</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">103,636,830</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Shares issued - Phantom Farm warrants exercises ⁽¹⁾</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">456,100</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">533,326</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Shares issued - EFF commitment ⁽²⁾</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">19,774</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">21,787</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Shares issued - Guaranteed warrants ⁽³⁾</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,214,080</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Shares issued - Settlement of Earn out shares ⁽⁴⁾</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,300,000</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">677,939</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Share-based compensation</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">366,469</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 0.75pt solid black;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance, January 31, 2022</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">120,047,814</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">105,236,351</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid black; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Share-based compensation</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">209,441</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 0.75pt solid black;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%; border-bottom: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Balance, January 31, 2023</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%; border-bottom: 1.5pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%; border-bottom: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>120,047,814</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%; border-bottom: 1.5pt solid black;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%; border-bottom: 1.5pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%; border-bottom: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>105,445,792</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%; border-bottom: 1.5pt solid black;"> </td> </tr> </table> </div> <p style="margin-left: 19.55pt; margin-bottom: 0pt; text-indent: -19.55pt; text-align: justify; margin-top: 0pt;"> </p> <p style="margin-left: 19.55pt; margin-bottom: 0pt; text-indent: -19.55pt; text-align: justify; margin-top: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">(1)<span style="width: 9.77pt; text-indent: 0pt; display: inline-block; margin-top: 0pt; margin-bottom: 0pt;"> </span>On February 4, 2021 the Company issued 456,100 shares upon the exercise of Phantom Farm warrants.</span></span></p> <p style="margin-top: 0pt; margin-left: 19.6pt; margin-bottom: 0pt; text-indent: -19.6pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(2)<span style="width: 9.82pt; text-indent: 0pt; display: inline-block;"> </span>On April 5, 2021, the Company issued 19,774 common shares to the vendors of EFF for a partial settlement of the Company's commitment to issue shares.</span></span></p> <p style="margin-top: 0pt; margin-left: 19.6pt; margin-bottom: 0pt; text-indent: -19.6pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(3)<span style="width: 9.82pt; text-indent: 0pt; display: inline-block;"> </span>On June 17, 2021, the Company issued 1,214,080 common shares pursuant to the cashless exercise of 4,160,000 warrants.</span></span></p> <p style="margin-top: 0pt; margin-left: 19.6pt; text-indent: -19.6pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(4)<span style="width: 9.82pt; text-indent: 0pt; display: inline-block;"> </span>On January 24, 2022, the Company issued 1,300,000 common shares for the settlement of Phantom earn out shares.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>a)</b><span style="width: 9.85pt; display: inline-block;"> </span><b>Commitment to issue shares</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">In connection with the acquisition of EFF on June 13, 2018, the Company issued a promissory note payable to deliver 1,977,500 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, 2023 shares issued pursuant to this commitment total 1,184,407 shares.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>b)</b><span style="width: 9.36pt; display: inline-block;"> </span><b>Warrants </b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">A summary of the Company's warrant activity is as follows:</span></span></p> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 55%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>Warrants</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>outstanding</b></span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>Weighted</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>average</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>exercise price</b></span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>Weighted</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>average </b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>remaining life</b></span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: justify; white-space: nowrap; width: 55%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">#</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">C$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Years</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: justify; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance January 31, 2021</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">11,894,746</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1.32</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> 1.96 </span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: justify; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Exercised</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(4,616,100</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1.05</span></span></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%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: justify; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expired</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(4,038,646</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1.73</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: justify; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance, January 31, 2022</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">3,240,000</span></span></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: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1.18</span></span></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: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> 2.10 </span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: justify; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Balance, January 31, 2023</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>3,240,000</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1.18</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> 1.10 </b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> </table> </div> <p style="margin-left: 49.5pt; text-indent: -49.5pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="margin-left: 49.5pt; text-indent: -49.5pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">A summary of the Company's outstanding and exercisable warrants at January 31, 2023, is as follows:</span></span></p> <p style="margin-left: 49.5pt; text-indent: -49.5pt; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> </p> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Expiry date</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>Exercise price </b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>Number of</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>warrants</b></span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">C$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">#</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">December 31, 2023</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1.00</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">632,400</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">January 30, 2024</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1.00</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,407,600</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">May 24, 2024</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1.50</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,200,000</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%; border-bottom: 0.75pt solid black;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: justify; width: 70%;"> </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%;"> </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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>3,240,000</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table> </div> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">As at January 31, 2023 and 2022, outstanding and exercisable warrants had intrinsic values of $nil and $nil, respectively.</span></span></p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> </p> <div> <div> </div> </div> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On February 4, 2021, 456,100 warrants with an exercise price of $1.17 (C$1.50) were exercised to purchase 456,100 common shares of the Company for proceeds of $533,326. Of the warrants exercised, 426,100 were exercised by a Director of the Company. On the same date, 1,243,900 warrants expired unexercised.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On June 17, 2021, 4,160,000 warrants were exercised on a cashless basis for 1,214,080 common shares of the Company.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>c)</b><span style="width: 9.85pt; display: inline-block;"> </span><b>Stock options</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">A summary of the Company's stock option activity is as follows:</span></span></p> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>Options</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>outstanding</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>and</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>exercisable</b></span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>Weighted</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>average</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>exercise price</b></span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>Weighted</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>average</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>remaining life </b></span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">#</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">C$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Years</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: justify; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance January 31, 2021</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">6,965,000</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1.22</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> 2.05 </span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: justify; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expired</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(1,350,000</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2.80</span></span></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%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: justify; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance, January 31, 2022</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">5,615,000</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.84</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> 1.45 </span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: justify; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Granted</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">600,000</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.70</span></span></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%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: justify; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expired</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(1,405,000</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1.25</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: justify; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Balance, January 31, 2023</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>4,810,000</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>0.75</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> 0.86 </b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table> </div> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">A summary of the Company's stock options outstanding and exercisable at January 31, 2023, is as follows:</span></span></p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> </p> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Expiry date</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Exercise price</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Outstanding</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Exercisable</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">C$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">#</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">#</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">August 17, 2023</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.70</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">3,560,000</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">3,560,000</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">January 28, 2024</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1.50</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">150,000</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">150,000</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">October 9, 2024</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1.00</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">500,000</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">500,000</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">February 10, 2025</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.70</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">600,000</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">199,998</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: justify; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>4,810,000</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>4,409,998</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> </table> </div> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">As at January 31, 2023 and 2022, outstanding and exercisable stock options had intrinsic values of $nil and $nil, respectively.</span></span></p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">During the year ended January 31, 2023, the Company recorded a share-based compensation expense of $209,441 (2022 - $366,469). A summary of the Company's assumptions used in the Black-Scholes option pricing model for stock options granted during the years ended January 31, 2023 and 2022, is as follows:</span></span></p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> </p> <div style="margin-bottom: 10pt;"> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2023</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2022</span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Stock price</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>C$0.61</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Exercise price</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>C$0.70</b></span></span></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%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Risk-free rate</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1.60%</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expected life of options</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> 3 years </b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Annualized volatility</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>80%</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Dividend rate</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>0%</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table> </div> <div> <div> </div> </div> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The Company has computed the fair value of options granted using the Black-Scholes option pricing model. The expected term used for options issued to non-employees is the contractual life and the expected term used for options issued to employees and directors is the estimated period of time that options granted are expected to be outstanding. The Company utilizes the "simplified" method to develop an estimate of the expected term of "plain vanilla" employee option grants. The Company is utilizing an expected volatility figure based on a review of the historical volatilities, over a period of time, equivalent to the expected life of the instrument being valued, of similarly positioned public companies within its industry. The risk-free interest rate was determined from the implied yields from U.S. Treasury zero-coupon bonds with a remaining term consistent with the expected term of the instrument being valued.</span></span></p> </div> </div> </div> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap; width: 70%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>Number of</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>shares</b></span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>Common</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>stock</b></span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; width: 70%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">#</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance, January 31, 2021</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">117,057,860</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">103,636,830</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Shares issued - Phantom Farm warrants exercises ⁽¹⁾</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">456,100</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">533,326</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Shares issued - EFF commitment ⁽²⁾</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">19,774</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">21,787</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Shares issued - Guaranteed warrants ⁽³⁾</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,214,080</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Shares issued - Settlement of Earn out shares ⁽⁴⁾</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,300,000</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">677,939</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Share-based compensation</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">366,469</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 0.75pt solid black;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance, January 31, 2022</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">120,047,814</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">105,236,351</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid black; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Share-based compensation</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">209,441</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 0.75pt solid black;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%; border-bottom: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Balance, January 31, 2023</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%; border-bottom: 1.5pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%; border-bottom: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>120,047,814</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%; border-bottom: 1.5pt solid black;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%; border-bottom: 1.5pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%; border-bottom: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>105,445,792</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%; border-bottom: 1.5pt solid black;"> </td> </tr> </table> </div> 117057860 103636830 456100 533326 19774 21787 1214080 0 1300000 677939 366469 120047814 105236351 209441 120047814 105445792 456100 19774 1214080 4160000 1300000 1977500 1905635 1184407 <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 55%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>Warrants</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>outstanding</b></span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>Weighted</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>average</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>exercise price</b></span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>Weighted</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>average </b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>remaining life</b></span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: justify; white-space: nowrap; width: 55%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">#</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">C$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Years</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: justify; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance January 31, 2021</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">11,894,746</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1.32</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> 1.96 </span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: justify; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Exercised</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(4,616,100</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1.05</span></span></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%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: justify; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expired</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(4,038,646</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1.73</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: justify; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance, January 31, 2022</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">3,240,000</span></span></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: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1.18</span></span></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: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> 2.10 </span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: justify; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Balance, January 31, 2023</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>3,240,000</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1.18</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> 1.10 </b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> </table> </div> 11894746 1.32 P1Y11M15D 4616100 1.05 4038646 1.73 3240000 1.18 P2Y1M6D 3240000 1.18 P1Y1M6D <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Expiry date</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>Exercise price </b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>Number of</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>warrants</b></span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">C$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">#</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">December 31, 2023</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1.00</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">632,400</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">January 30, 2024</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1.00</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,407,600</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">May 24, 2024</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1.50</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,200,000</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%; border-bottom: 0.75pt solid black;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: justify; width: 70%;"> </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%;"> </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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>3,240,000</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table> </div> 1 632400 1 1407600 1.5 1200000 3240000 0 0 456100 1.17 1.5 456100 533326 426100 1243900 4160000 1214080 P10Y <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>Options</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>outstanding</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>and</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>exercisable</b></span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>Weighted</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>average</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>exercise price</b></span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>Weighted</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>average</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>remaining life </b></span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">#</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">C$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Years</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: justify; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance January 31, 2021</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">6,965,000</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1.22</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> 2.05 </span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: justify; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expired</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(1,350,000</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2.80</span></span></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%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: justify; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Balance, January 31, 2022</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">5,615,000</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.84</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"> 1.45 </span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: justify; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Granted</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">600,000</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.70</span></span></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%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: justify; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expired</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(1,405,000</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1.25</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: justify; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Balance, January 31, 2023</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>4,810,000</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>0.75</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> 0.86 </b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table> </div> 6965000 1.22 P2Y18D 1350000 2.8 5615000 0.84 P1Y5M12D 600000 0.7 1405000 1.25 4810000 0.75 P0Y10M9D <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Expiry date</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Exercise price</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Outstanding</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Exercisable</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">C$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">#</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">#</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">August 17, 2023</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.70</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">3,560,000</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">3,560,000</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">January 28, 2024</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1.50</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">150,000</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">150,000</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">October 9, 2024</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1.00</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">500,000</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">500,000</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">February 10, 2025</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">0.70</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">600,000</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">199,998</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: justify; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>4,810,000</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>4,409,998</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> </table> </div> 0.7 3560000 3560000 1.5 150000 150000 1 500000 500000 0.7 600000 199998 4810000 4409998 0 0 209441 366469 <div style="margin-bottom: 10pt;"> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2023</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2022</span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Stock price</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>C$0.61</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Exercise price</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>C$0.70</b></span></span></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%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Risk-free rate</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1.60%</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Expected life of options</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> 3 years </b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Annualized volatility</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>80%</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Dividend rate</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>0%</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table> </div> 0.61 0.7 0.016 0 P3Y 0.80 0 0 0 <div> <p style="text-align: justify; margin-top: 0px;"><b><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">15.<span style="display: inline-block; width: 4.5pt;"> </span>SELLING, GENERAL AND ADMINISTRATIVE EXPENSES</span></span></b></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">A summary of the Company's selling, general and administration expenses for the years ended January 31, 2023 and 2022, is as follows:</span></span></p> <div> <div> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap; width: 70%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2023</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2022</span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; width: 70%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Accounting and legal</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>716,349</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">665,248</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Depreciation and amortization</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,365,018</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,280,446</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">License fees, taxes and insurance</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,625,036</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,807,645</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Office facilities and administrative</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>338,492</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">301,944</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Operating lease cost</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>591,375</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">591,376</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Other expenses</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>806,009</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">256,454</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Professional fees and consulting</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>903,513</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">701,999</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Salaries and wages</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2,747,133</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2,913,900</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Sales, marketing, and promotion</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>83,672</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">83,770</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Share-based compensation</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>209,441</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">366,469</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Shareholder communications</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>18,128</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">26,781</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Travel and entertainment</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>41,742</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">59,142</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 0.75pt solid black;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%; border-bottom: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%; border-bottom: 1.5pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%; border-bottom: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>9,445,908</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%; border-bottom: 1.5pt solid black;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%; border-bottom: 1.5pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%; border-bottom: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">9,055,174</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%; border-bottom: 1.5pt solid black;"> </td> </tr> </table> </div> </div> </div> </div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap; width: 70%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2023</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2022</span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; width: 70%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Accounting and legal</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>716,349</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">665,248</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Depreciation and amortization</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,365,018</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,280,446</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">License fees, taxes and insurance</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,625,036</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,807,645</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Office facilities and administrative</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>338,492</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">301,944</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Operating lease cost</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>591,375</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">591,376</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Other expenses</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>806,009</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">256,454</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Professional fees and consulting</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>903,513</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">701,999</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Salaries and wages</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2,747,133</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2,913,900</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Sales, marketing, and promotion</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>83,672</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">83,770</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Share-based compensation</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>209,441</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">366,469</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Shareholder communications</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>18,128</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">26,781</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Travel and entertainment</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>41,742</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">59,142</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; border-bottom: 0.75pt solid black;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%; border-bottom: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%; border-bottom: 1.5pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%; border-bottom: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>9,445,908</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%; border-bottom: 1.5pt solid black;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%; border-bottom: 1.5pt solid black;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%; border-bottom: 1.5pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">9,055,174</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%; border-bottom: 1.5pt solid black;"> </td> </tr> </table> 716349 665248 1365018 1280446 1625036 1807645 338492 301944 591375 591376 806009 256454 903513 701999 2747133 2913900 83672 83770 209441 366469 18128 26781 41742 59142 9445908 9055174 <div> <div> <div> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>16.</b><span style="width: 5.49pt; display: inline-block;"> </span><b>SEGMENTED INFORMATION</b></span></span></p> </div> </div> <div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">A summary of the Company's segmented operational activity and balances for the year ended January 31, 2023 is as follows:</span></span></p> <div style="margin-bottom: 14pt;"> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>Discontinued<br/>operations<br/>(Oregon)</b></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Nevada</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Corporate</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Consolidated</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Total revenue</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">357,540</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">28,888,410</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">29,245,950</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Gross profit</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">13,401,146</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">13,401,146</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Operating expenses:</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 9pt; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">General and administration</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(386,779</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(4,397,477</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(2,798,925</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(7,583,181</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 9pt; background-color: #e6efff; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Sales, marketing, and promotion</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(1,938</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(83,672</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(85,610</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 9pt; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Operating lease cost</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(195,639</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(591,375</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(787,014</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 9pt; background-color: #e6efff; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Depreciation and amortization</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(23,756</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(1,270,092</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(94,926</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(1,388,774</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 9pt; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Share-based compensation</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(209,441</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(209,441</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 9pt; background-color: #e6efff; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Impairment of inventory</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(245,682</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(20,726</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(266,408</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 9pt; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Provision for expected credit losses</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(218,425</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(218,425</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Interest, accretion, and other</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(6,861</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(31,327</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">288,123</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">249,935</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; border-top: 0.75pt solid black; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Net income (loss) before taxes</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(1,079,080</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>7,027,203</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(2,835,895</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>3,112,228</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table> </div> <div> </div> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">A summary of the Company's segmented operational activity and balances for the year ended January 31, 2022 is as follows:</span></span></p> <div> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>Discontinued</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><b>operations</b></span></span></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><b>(Oregon)</b></span></span></span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Nevada</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Corporate</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Consolidated</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Total revenue</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,128,403</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">32,982,976</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">34,111,379</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>G</span></span>ross profit (loss)    </span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(473,854</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">18,809,985</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">18,336,131</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Operating expenses:</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 9pt; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">General and administration</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(429,969</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(3,797,101</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(2,936,012</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(7,163,082</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 9pt; background-color: #e6efff; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Sales, marketing, and promotion</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(83,770</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;">-</td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(83,770</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 9pt; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Operating lease cost</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(1,233</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(591,376</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(592,609</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 9pt; background-color: #e6efff; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Depreciation and amortization</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(207,319</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(1,276,640</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(3,806</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(1,487,765</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 9pt; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Share-based compensation</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(366,469</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(366,469</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 9pt; background-color: #e6efff; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Impairment of inventory</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(1,456,818</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(1,456,818</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Interest, accretion, and other</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">284,125</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">22,171</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">7,355,059</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">7,661,355</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; background-color: #e6efff; border-top: 0.75pt solid black; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Net income (loss) before taxes</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(2,285,068</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>13,083,269</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>4,048,772</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>14,846,973</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> </table> </div> </div> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>a)</b><span style="width: 9.85pt; display: inline-block; margin-top: 0pt; margin-bottom: 0pt;"> </span><b>Entity-wide disclosures</b></span></span></p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">All revenue for the years ended January 31, 2023 and 2022 was earned in the United States.</span></span></p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">For the years ended January 31, 2023 and January 31, 2022, no customer represented more than 10% of the Company's net revenue and receivables.</span></span></p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">A summary of the Company's the long-lived tangible assets disaggregation by geographic area is as follows:</span></span></p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> </p> <div> <div style="margin-bottom: 14px;"> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap; width: 70%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><span><span><b>January 31,<br/>2023</b></span></span></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><span><span>January 31,<br/>2022</span></span></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; width: 70%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Nevada</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>11,321,662</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">11,903,430</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Discontinued operations (Oregon)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,748,286</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,817,633</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Other</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>703</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">24,414</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; border-top: 0.75pt solid black; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>13,070,651</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">13,745,477</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table> </div> </div> </div> </div> </div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>Discontinued<br/>operations<br/>(Oregon)</b></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Nevada</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Corporate</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Consolidated</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Total revenue</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">357,540</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">28,888,410</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">29,245,950</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Gross profit</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">13,401,146</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">13,401,146</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Operating expenses:</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 9pt; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">General and administration</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(386,779</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(4,397,477</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(2,798,925</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(7,583,181</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 9pt; background-color: #e6efff; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Sales, marketing, and promotion</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(1,938</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(83,672</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(85,610</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 9pt; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Operating lease cost</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(195,639</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(591,375</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(787,014</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 9pt; background-color: #e6efff; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Depreciation and amortization</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(23,756</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(1,270,092</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(94,926</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(1,388,774</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 9pt; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Share-based compensation</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(209,441</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(209,441</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 9pt; background-color: #e6efff; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Impairment of inventory</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(245,682</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(20,726</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(266,408</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 9pt; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Provision for expected credit losses</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(218,425</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(218,425</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Interest, accretion, and other</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(6,861</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(31,327</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">288,123</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">249,935</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; border-top: 0.75pt solid black; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Net income (loss) before taxes</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(1,079,080</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>7,027,203</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(2,835,895</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>3,112,228</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><b>Discontinued</b></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><b>operations</b></span></span></span></span></p> <p style="margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><b>(Oregon)</b></span></span></span></span></p> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Nevada</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Corporate</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Consolidated</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Total revenue</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,128,403</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">32,982,976</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">34,111,379</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>G</span></span>ross profit (loss)    </span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(473,854</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">18,809,985</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">18,336,131</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Operating expenses:</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 9pt; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">General and administration</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(429,969</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(3,797,101</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(2,936,012</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(7,163,082</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 9pt; background-color: #e6efff; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Sales, marketing, and promotion</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(83,770</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;">-</td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(83,770</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 9pt; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Operating lease cost</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(1,233</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(591,376</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(592,609</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 9pt; background-color: #e6efff; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Depreciation and amortization</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(207,319</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(1,276,640</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(3,806</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(1,487,765</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 9pt; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Share-based compensation</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(366,469</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(366,469</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 9pt; background-color: #e6efff; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Impairment of inventory</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(1,456,818</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(1,456,818</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Interest, accretion, and other</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">284,125</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">22,171</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">7,355,059</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">7,661,355</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; background-color: #e6efff; border-top: 0.75pt solid black; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Net income (loss) before taxes</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(2,285,068</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>13,083,269</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>4,048,772</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>14,846,973</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> </table> </div> 357540 28888410 0 29245950 -0 13401146 0 13401146 386779 4397477 2798925 7583181 1938 83672 0 85610 195639 591375 0 787014 23756 1270092 94926 1388774 0 0 209441 209441 245682 0 20726 266408 218425 0 0 218425 6861 31327 -288123 -249935 -1079080 7027203 -2835895 3112228 1128403 32982976 0 34111379 -473854 18809985 0 18336131 429969 3797101 2936012 7163082 0 83770 0 83770 1233 591376 0 592609 207319 1276640 3806 1487765 0 0 366469 366469 1456818 0 0 1456818 -284125 -22171 -7355059 -7661355 -2285068 13083269 -4048772 14846973 <div style="margin-bottom: 14px;"> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap; width: 70%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><span><span><b>January 31,<br/>2023</b></span></span></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><span><span>January 31,<br/>2022</span></span></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; width: 70%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Nevada</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>11,321,662</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">11,903,430</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Discontinued operations (Oregon)</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,748,286</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,817,633</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Other</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>703</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">24,414</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; border-top: 0.75pt solid black; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>13,070,651</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">13,745,477</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid black; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table> </div> 11321662 11903430 1748286 1817633 703 24414 13070651 13745477 <div> <p style="text-align: justify; margin-top: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>17.</b><span style="width: 5.49pt; display: inline-block;"> </span><b>COMMITMENTS</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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. A summary of the Company's future minimum payments at the year ended January 31, 2023 is as follows:</span></span></p> <div style="margin-bottom: 10pt;"> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>Third Parties</b></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>Related<br/>Parties</b></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>Total</b></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; white-space: nowrap; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; white-space: nowrap; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; white-space: nowrap; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2024</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">273,743</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,276,262</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,550,005</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2025</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">45,551</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,314,551</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,360,102</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2026</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">45,551</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,353,987</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,399,538</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2027</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">45,551</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,394,607</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,440,158</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2028</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">45,551</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,436,445</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,481,996</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Thereafter</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">322,651</span></span></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: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">7,712,494</span></span></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: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">8,035,145</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; border-bottom: 1.5pt solid #000000; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>778,598</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>14,488,346</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>15,266,944</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> </table> </div> </div> <div style="margin-bottom: 10pt;"> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>Third Parties</b></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>Related<br/>Parties</b></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>Total</b></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; white-space: nowrap; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; white-space: nowrap; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; white-space: nowrap; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2024</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">273,743</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,276,262</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,550,005</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2025</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">45,551</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,314,551</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,360,102</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2026</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">45,551</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,353,987</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,399,538</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2027</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">45,551</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,394,607</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,440,158</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2028</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">45,551</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,436,445</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,481,996</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Thereafter</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">322,651</span></span></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: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">7,712,494</span></span></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: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">8,035,145</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; border-bottom: 1.5pt solid #000000; width: 55%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>778,598</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>14,488,346</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>15,266,944</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> </table> </div> 273743 1276262 1550005 45551 1314551 1360102 45551 1353987 1399538 45551 1394607 1440158 45551 1436445 1481996 322651 7712494 8035145 778598 14488346 15266944 <div> <div> <div> <p style="text-align: justify; margin-top: 0px;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>18.</b><span style="width: 5.49pt; display: inline-block;"> </span><b>RELATED PARTY TRANSACTIONS</b></span></span></p> </div> </div> <div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">A summary of the Company's related balances included in accounts payable, accrued liabilities, and promissory note payable is as follows:</span></span></p> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><b>January 31,<br/>2023</b></span></span></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">January 31,<br/>2022</span></span></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Due to the President and CEO</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2,043,019</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">8,172,075</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Lease liabilities due to a company controlled by the CEO</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>8,953,425</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">9,279,123</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Lease liabilities due to SDP Development</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>-</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">412,093</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Due to the CFO of the Company</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>692</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">360</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: justify; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>10,997,136</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">17,863,651</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> </table> </div> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">Due to the President and CEO consists of promissory note principal and interest and reimbursable expenses incurred in the normal course of business.</span></span></p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">A summary of the Company's transactions with related parties including key management personnel for the years ended January 31, 2023 and 2022 is as follows:</span></span></p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> </p> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap; width: 70%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2023</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2022</span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; width: 70%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Consulting fees paid to a director</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>125,000</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">240,000</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; margin-top: 0pt; margin-bottom: 0pt; width: 70%;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">Amounts paid to CEO or companies controlled by CEO for leases</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,239,090</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,203,000</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Amounts paid to CEO or companies controlled by CEO for repayments of promissory note</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>6,584,146</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">7,162,500</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Amounts paid to CEO or companies controlled by CEO for remuneration</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>200,000</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">267,119</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Salary paid to directors and officers</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>398,950</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">496,807</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Share based compensation including warrants and stock options for directors and officers</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>153,426</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">251,333</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Lease payments made to SDP Development</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>-</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">209,176</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 70%;"> </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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>8,700,612</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt 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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">9,829,935</span></span></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> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">Amounts paid to CEO or companies controlled by CEO consists of salary, lease payments, and promissory note principal and interest.</span></span></p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 10pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">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 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.</span></span></p> </div> </div> </div> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; vertical-align: bottom; white-space: nowrap; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><b>January 31,<br/>2023</b></span></span></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; margin-top: 0pt; margin-bottom: 0pt; width: 12%;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">January 31,<br/>2022</span></span></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Due to the President and CEO</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2,043,019</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">8,172,075</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Lease liabilities due to a company controlled by the CEO</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>8,953,425</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">9,279,123</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Lease liabilities due to SDP Development</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>-</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">412,093</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Due to the CFO of the Company</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>692</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">360</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: justify; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>10,997,136</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">17,863,651</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> </table> </div> 2043019 8172075 8953425 9279123 0 412093 692 360 10997136 17863651 <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; border-top: 1.5pt solid #000000; vertical-align: bottom; white-space: nowrap; width: 70%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2023</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2022</span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; width: 70%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Consulting fees paid to a director</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>125,000</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">240,000</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; margin-top: 0pt; margin-bottom: 0pt; width: 70%;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">Amounts paid to CEO or companies controlled by CEO for leases</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,239,090</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,203,000</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Amounts paid to CEO or companies controlled by CEO for repayments of promissory note</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>6,584,146</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">7,162,500</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Amounts paid to CEO or companies controlled by CEO for remuneration</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>200,000</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">267,119</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Salary paid to directors and officers</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>398,950</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">496,807</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Share based compensation including warrants and stock options for directors and officers</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>153,426</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">251,333</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Lease payments made to SDP Development</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>-</b></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">209,176</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 70%;"> </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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>8,700,612</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt 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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">9,829,935</span></span></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> 125000 240000 1239090 1203000 6584146 7162500 200000 267119 398950 496807 153426 251333 0 209176 8700612 9829935 6 8010000 2670000 3 <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>19.</b><span style="width: 5.49pt; display: inline-block;"> </span><b>EARNINGS PER SHARE</b></span></span></span></span></p> <div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>A summary of the Company's calculation of basic and diluted earnings per share for the years ended January 31, 2023 and 2022, is as follows:</span></span></span></span></p> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b> </b></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>2023</b></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>2022</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Net income from continuing operations after income taxes</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>$</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>1,381,540</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>12,197,574</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Net loss from discontinued operations after income taxes</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>$</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>(1,088,329</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>)</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>(2,242,644</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>)</span></span></span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Net income</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>$</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>293,211</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>9,954,930</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b> </b></span></span></span></span></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%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Weighted average number of common shares outstanding</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>120,047,814</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>118,308,584</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Dilutive effect of warrants and stock options outstanding</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>2,833,093</b></span></span></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>2,833,093</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Diluted weighted average number of common shares outstanding</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>122,880,907</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>121,141,677</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b> </b></span></span></span></span></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%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Basic income per share, continuing operations</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>$</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>0.01</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>0.10</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Diluted income per share, continuing operations</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>$</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>0.01</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>0.10</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b> </b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"> <p style="font-size: 10pt; font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">Basic loss per share, discontinued operations</span></span></p> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>$</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>(0.01</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>)</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>(0.02</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>)</span></span></span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>D</span></span>iluted loss per share, discontinued operations</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>$</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>(0.01</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>)</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>(0.02</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>)</span></span></span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b> </b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>B</span></span>asic income per share</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>$</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>0.00</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>0.08</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>D</span></span>iluted income per share</span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>$</b></span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>0.00</b></span></span></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>0.08</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table> </div> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="text-align: justify; margin-top: 0pt; margin-bottom: 10pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;"><span style="margin-top: 0pt; margin-bottom: 0pt;">The computation of diluted earnings per share excludes the effect of the potential exercise of warrants and stock options when the average market price of the common stock is lower than the exercise price of the respective warrant or stock option and when inclusion of these amounts would be anti-dilutive. For the years ended January 31, 2023 and 2022, the number of warrants excluded from the computation was 1,200,000 and 1,200,000, respectively. For the years ended January 31, 2023 and 2022, the number of stock options excluded from the computation was 4,409,998 and 4,263,333, respectively. For the years ended January 31, 2023 and 2022, the computation of diluted earnings per share also excludes the potential issuance of 6,000,000 earn out shares (Note 13) as the market price of the common shares has not been high enough to trigger an earn out event.</span></span></span></span></p> </div> </div> </div> <div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b> </b></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>2023</b></span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>2022</span></span></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Net income from continuing operations after income taxes</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>$</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>1,381,540</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>12,197,574</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Net loss from discontinued operations after income taxes</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>$</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>(1,088,329</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>)</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>(2,242,644</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>)</span></span></span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Net income</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>$</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>293,211</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>9,954,930</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b> </b></span></span></span></span></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%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Weighted average number of common shares outstanding</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>120,047,814</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>118,308,584</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Dilutive effect of warrants and stock options outstanding</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>2,833,093</b></span></span></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>2,833,093</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Diluted weighted average number of common shares outstanding</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>122,880,907</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>121,141,677</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b> </b></span></span></span></span></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%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Basic income per share, continuing operations</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>$</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>0.01</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>0.10</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>Diluted income per share, continuing operations</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>$</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>0.01</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>0.10</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b> </b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"> <p style="font-size: 10pt; font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;">Basic loss per share, discontinued operations</span></span></p> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>$</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>(0.01</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>)</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>(0.02</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>)</span></span></span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>D</span></span>iluted loss per share, discontinued operations</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>$</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>(0.01</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>)</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>(0.02</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>)</span></span></span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 70%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b> </b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>B</span></span>asic income per share</span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>$</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>0.00</b></span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; text-align: right; background-color: #e6efff; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>0.08</span></span></span></span></td> <td style="vertical-align: bottom; text-align: left; background-color: #e6efff; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>D</span></span>iluted income per share</span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>$</b></span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span><b>0.00</b></span></span></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>$</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><span><span>0.08</span></span></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table> </div> 1381540 12197574 -1088329 -2242644 293211 9954930 120047814 118308584 2833093 2833093 122880907 121141677 0.01 0.1 0.01 0.1 -0.01 -0.02 -0.01 -0.02 0 0.08 0 0.08 1200000 1200000 4409998 4263333 6000000 6000000 <div> <div> <div> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>20.  </b><b>CONTINGENCIES</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>a)    </b><b>Legal proceedings </b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Oregon Action</b>: 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, alleging $612,500 in damages (as amended), 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 "Oregon Action"). 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 December 30, 2019, plaintiffs filed an amended complaint dismissing the Company (and some of its directors and subsidiaries) from the case and reducing the amount in controversy in the Oregon Action. On May 6, 2020, the court granted the Company's ORCP 21 motions in its entirety to dismiss all of Plaintiffs' claims against the remaining defendants. The judgment of dismissal was entered by the Clackamas County court on or about October 14, 2020.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On October 22, 2020, the Company submitted a petition to recover the costs and attorney fees incurred by the Company as the prevailing party in the Oregon Action. On January 20, 2021, the Court ruled in the Company's favor, awarding the Company and its subsidiaries $68,195 in attorney's fees, $1,252 in costs, and a statutory prevailing party fee of $640, through a supplemental judgment, entered on February 2, 2021. The judgment in favor of the Company remains unpaid and continues to collect interest at the statutory rate of 9% per annum.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On November 12, 2020, the plaintiffs appealed the order dismissing the claims alleged in their amended complaint. On March 2, 2021, the plaintiffs amended their appeal to also appeal the award of attorney fees and costs.</span></span></p> <div> </div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On October 26, 2022, the Court of Appeals issued its decision, reversing the general and supplemental judgments in favor of the Company and remanding the case to the trial court for further proceedings. The Company filed a petition for reconsideration of the Court of Appeals decision on December 7, 2022, which was denied.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On April 19, 2023, the Company filed a petition for review in the Oregon Supreme Court. The petition for review is pending. The Company cannot predict if the Oregon Supreme Court will grant certiorari to hear the appeal, and if so, the likely resolution of the appeal.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>British Columbia Action</b>: On or about September 13, 2019, the Company delivered a notice to the above-mentioned Plaintiffs of alleged breach and default under the EFF purchase and sale agreement, due to alleged unlawful, intentional acts and material misrepresentations by the Plaintiffs 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 (the "British Columbia Action").</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">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 Plaintiffs filed a response to the Company's counterclaims on or about June 5, 2020, and the parties stipulated to a form of amended pleading which included the joinder of additional parties, an owner of Proudest Monkey Holdings, LLC and EFF, and additional contract and equitable claims and damages, partially duplicative to those alleged by the Plaintiffs in the Oregon Action (breach of contract, indemnity, unjust enrichment and wrongful termination claims). Plaintiffs allege $2,774,176.05 in damages (as amended), plus unquantified additional damages, interest and costs, of which amounts are partially duplicative of the Oregon Action. This action remains in the discovery stage, and the trial date is scheduled for February 2024. It is too early to predict the resolution of the claims and counterclaims.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Settled and Dismissed Action</b>: On or about May 30, 2019, Wallace Hill Partners Ltd. ("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.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On March 23, 2022, the Company and Wallace Hill entered into a mutual release agreement, pursuant to which, among other things, all parties agreed to dismiss their respective claims and to release one another from any further causes of action in connection with the subject matter of the original claims. On April 23, 2022, the parties filed a Notice of Discontinuance in the Supreme Court of British Columbia formally dismissing the civil action.</span></span></p> </div> </div> </div> 612500 68195 1252 640 0.09 2774176 1800000 <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>21.</b><span style="width: 5.49pt; display: inline-block;"> </span><b>INCOME TAXES</b></span></span></p> <div> <div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The Company is a Canadian resident company, as defined in the Income Tax Act (Canada) (the "ITA"), for Canadian income tax purposes. However, it has subsidiaries that are treated as United States corporations for US federal income tax purposes per the Internal Revenue Code (US) ("IRC") and are thereby subject to federal income tax on their worldwide income. As a result, the Company is subject to taxation both in Canada and the United States.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">A summary of the Company's components of the income tax provision for the years ended January 31, 2023 and 2022, is as follows:</span></span></p> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2023</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2022<br/>(As restated - <br/>Note 2)</span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></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> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></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> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Current</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 8.95pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Canadian</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 8.95pt; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">US Federal and State</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2,866,688</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4,344,395</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Total current income tax expense</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2,866,688</b></span></span></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: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4,344,395</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Deferred</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></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%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 8.95pt; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Canadian</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>-</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 8.95pt; border-bottom: 0.75pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">US Federal and State</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(56,920</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">590,072</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Total deferred income tax recovery</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(56,920</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">590,072</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></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%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Total income tax expense</b></span></span></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: #e6efff;"> </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: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2,809,768</b></span></span></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: #e6efff;"> </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: #e6efff;"> </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: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4,934,467</span></span></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: #e6efff;"> </td> </tr> </table> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">A summary of the Company's domestic and foreign components of income (loss) before provision for income taxes for the years ended January 31, 2023 and 2022, is as follows:</span></span></p> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2023</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2022<br/>(As restated - <br/>Note 2)</span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Canadian</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(702,488</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">6,985,670</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">United States</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>4,893,796</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">10,146,371</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Income (loss) before income taxes</b></span></span></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: #e6efff;"> </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: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>4,191,308</b></span></span></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: #e6efff;"> </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: #e6efff;"> </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: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">17,132,041</span></span></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: #e6efff;"> </td> </tr> </table> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">A summary of the Company's reconciliation of the statutory income tax rate percentage to the effective tax rate for the years ended January 31, 2023 and 2022 is as follows:</span></span></p> <div> <div> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2023</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2022<br/>(As restated -<br/>Note 2)</span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Income (loss) for the year</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>4,191,308</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">17,132,041</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Statutory rate</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>27%</b></span></span></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: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">27%</span></span></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; text-align: right; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Income tax expense at statutory rate</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,131,653</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4,625,653</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Non-deductible expenditures and non-taxable revenues</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">IRC section 280E disallowance</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,802,992</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,834,479</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Other</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>56,549</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">98,946</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Foreign tax rate differential</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(288,933</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(608,783</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Change in foreign exchange rates and other</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>196,298</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">115,835</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Change in valuation allowance</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(198,848</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(73,893</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Payable adjustment to provision versus statutory tax returns</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>67,056</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2,738,188</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Deferred adjustment to provision versus statutory tax returns</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>10,410</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(4,316,443</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Uncertain tax position, inclusive of interest and penalties</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>32,591</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">520,485</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2,809,768</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt 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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4,934,467</span></span></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> <p style="margin: 0pt;"> </p> <div> </div> <p style="margin: 0pt 0pt 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">A summary of the Company's deferred tax assets significant components is as follows:</span></span></p> </div> </div> </div> <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; width: 70%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>January 31, </b><br/><b>2023</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">January 31,<br/>2022<br/>(As restated -<br/>Note 2)</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; width: 70%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Deferred tax assets</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; text-align: right; width: 12%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 8.95pt; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Share issuance costs and financing fees</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>4,764</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">262,726</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; text-indent: 8.95pt; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Allowable capital losses</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>132,986</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">139,182</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 8.95pt; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Non-capital losses</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>4,699,606</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4,376,843</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; text-indent: 8.95pt; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Intangible assets</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>85,843</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">98,394</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 8.95pt; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Right of use assets and lease liabilities, net</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>73,247</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">53,248</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; text-indent: 8.95pt; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Reclamation obligation</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>14,219</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">14,923</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 8.95pt; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Derivative liability</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>64,719</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">271,719</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; text-indent: 8.95pt; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Inventories</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>36,797</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 8.95pt; width: 70%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Convertible promissory note</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>312,190</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 2%; border-bottom: 0.75pt solid black;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">345,989</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 2%; border-bottom: 0.75pt solid black;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Total deferred tax assets</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>5,424,371</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">5,563,024</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Valuation allowance</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; border-bottom: 0.75pt solid #000000; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(5,311,368)</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; border-bottom: 0.75pt solid #000000; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; border-bottom: 0.75pt solid #000000; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(5,510,216)</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; border-bottom: 0.75pt solid #000000; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Total net deferred tax assets</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>113,003</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">52,808</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; width: 70%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 12%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Deferred tax liabilities</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 12%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 8.95pt; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Property and equipment</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(89,641)</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(86,366)</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Net deferred tax (liability) asset</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>23,362</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; background-color: #e6efff; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(33,558)</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; background-color: #e6efff; text-align: right; width: 2%;"> </td> </tr> </table> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Realization of deferred tax assets associated with the net operating loss carryforwards is dependent upon generating sufficient taxable income prior to their expiration. A valuation allowance to reflect management's estimate of the Canadian loss carryforwards that may expire prior to their utilization has been recorded at January 31, 2023.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">As of January 31, 2023, the Company has $17.4 million of Canadian non-capital loses which expire between 2026 and 2043, and Canadian capital losses of $985 thousand with no expiry date. The Company determined a valuation allowance was also applicable to the other Canadian deferred tax assets. The Company also has of $2.7 million of Oregon net operating losses which have a 15-year carryforward period with losses expiring between 2034 and 2038. The Company determined a valuation allowance was applicable to the full amount of the available Canadian losses. </span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">As the Company operates in the cannabis industry, the Company is subject to the limits of Internal Revenue Code ("IRC") Section 280E for US federal income tax purposes as well as state income tax purposes. Under IRC Section 280E, the Company is only allowed to deduct expenses directly related to costs of goods sold. This results in permanent differences between ordinary and necessary business expenses deemed non-allowable under IRC Section 280E.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Management assesses the available positive and negative evidence to estimate whether sufficient future taxable income will be generated to permit use of the existing deferred tax assets. A significant piece of objective negative evidence evaluated was the cumulative loss incurred by the Canadian entity over the three-year period ended January 31, 2023. Such objective evidence limits the ability to consider other subjective evidence, such as our projections for future growth.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On the basis of this evaluation, as of January 31, 2023, a valuation allowance of $5,311,368 (2022 - $5,510,216) has been recorded to recognize only the portion of the deferred tax asset that is more likely than not to be realized. The amount of the deferred tax asset considered realizable, however, could be adjusted if estimates of future taxable income during the carryforward period are reduced or increased or if objective negative evidence in the form of cumulative losses is no longer present and additional weight is given to subjective evidence such as our projections for growth.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The Company recognizes benefits from uncertain tax positions based on the cumulative probability method whereby the largest benefit with a cumulative probability of greater than 50% is recorded. An uncertain tax position is not recognized if it has less than a 50% likelihood of being sustained. As of January 31, 2023, and January 31, 2022, the Company recorded an uncertain tax liability of $846,446 and $813,855, respectively, inclusive of interest and penalties. </span></span></p> <div> <div> </div> <p style="margin: 0pt 0pt 14px;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The uncertain tax position comprises of certain deductions for lease obligations, depreciation and amortization taken in prior years in excess of the accounting expenses in respect of assets used in production as well as deductions for inventory impairment that were not previously taken. The total of these uncertainties before interest and penalties is $789,112 as of January 31, 2023. The Company believes it is reasonably possible that $401,824 of unrecognized tax benefits related to depreciation and $7,745 of unrecognized tax benefits related to amortization, lease obligations and inventory may decrease within the next 12 months as the Company will be filing amended tax returns for prior years and amounts will be coming statute-barred with respect to the 2020 fiscal year.</span></span></p> </div> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">During the years ended January 31, 2023, the Company recorded interest of $55,065 and penalties of $2,268 on uncertain tax liabilities within the consolidated statements of operations and comprehensive (loss) income. The Company is subject to taxation and files income tax returns in Canada, the U.S. and Oregon. As of January 31, 2023, the tax returns for the 2020, 2021 and 2022 fiscal years are subject to examination by tax authorities in the U.S. and Oregon. The tax return for the 2019 fiscal year is also subject to examination by tax authorities in Canada.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The aggregate change in the balance of gross unrecognized tax benefits, which includes interest and penalties is as follows:</span></span></p> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>January 31,<br/>2023</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2022<br/>(As restated -<br/>Note 2)</span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Beginning balance</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>813,855</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">293,370</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Increase due to tax positions taken during a prior year</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>32,591</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">520,485</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Ending balance</b></span></span></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: #e6efff;"> </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: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>846,446</b></span></span></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: #e6efff;"> </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: #e6efff;"> </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: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">813,855</span></span></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: #e6efff;"> </td> </tr> </table> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The total amount of unrecognized tax benefits that would, if recognized, impact the effective tax rate is $846,446 for the tax year ended January 31, 2023 ($813,855 for January 31, 2022).</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">A summary of the components of the Company's income taxes payable is as follows:</span></span></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-color: #000000;"> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>January 31,<br/>2023</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">January 31,<br/>2022<br/>(As restated -<br/>Note 2)</span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Income taxes payable</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>6,890,412</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4,056,315</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Unrecognized tax position, inclusive of interest and penalties</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>846,446</b></span></span></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: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">813,855</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></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: #e6efff;"> </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: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>7,736,858</b></span></span></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: #e6efff;"> </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: #e6efff;"> </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: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4,870,170</span></span></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: #e6efff;"> </td> </tr> </table> </div> </div> </div> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; white-space: nowrap; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2023</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2022<br/>(As restated - <br/>Note 2)</span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></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> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></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> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Current</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 8.95pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Canadian</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 8.95pt; border-bottom: 0.75pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">US Federal and State</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2,866,688</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4,344,395</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Total current income tax expense</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2,866,688</b></span></span></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: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4,344,395</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Deferred</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></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%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 8.95pt; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Canadian</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>-</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 8.95pt; border-bottom: 0.75pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">US Federal and State</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(56,920</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">590,072</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Total deferred income tax recovery</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(56,920</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">590,072</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></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%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Total income tax expense</b></span></span></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: #e6efff;"> </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: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2,809,768</b></span></span></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: #e6efff;"> </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: #e6efff;"> </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: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4,934,467</span></span></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: #e6efff;"> </td> </tr> </table> 0 0 2866688 4344395 2866688 4344395 0 0 -56920 590072 -56920 590072 2809768 4934467 <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2023</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2022<br/>(As restated - <br/>Note 2)</span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Canadian</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(702,488</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">6,985,670</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">United States</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>4,893,796</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">10,146,371</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Income (loss) before income taxes</b></span></span></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: #e6efff;"> </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: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>4,191,308</b></span></span></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: #e6efff;"> </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: #e6efff;"> </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: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">17,132,041</span></span></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: #e6efff;"> </td> </tr> </table> -702488 6985670 4893796 10146371 4191308 17132041 <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2023</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2022<br/>(As restated -<br/>Note 2)</span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td> <td style="vertical-align: bottom; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; text-align: right;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Income (loss) for the year</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>4,191,308</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">17,132,041</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 0.75pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Statutory rate</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>27%</b></span></span></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: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">27%</span></span></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; text-align: right; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Income tax expense at statutory rate</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,131,653</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4,625,653</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Non-deductible expenditures and non-taxable revenues</span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 1%; text-align: left; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 12%; text-align: right; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 2%; text-align: left; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">IRC section 280E disallowance</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,802,992</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,834,479</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Other</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>56,549</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">98,946</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Foreign tax rate differential</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(288,933</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(608,783</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Change in foreign exchange rates and other</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>196,298</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">115,835</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Change in valuation allowance</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(198,848</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>)</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(73,893</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Payable adjustment to provision versus statutory tax returns</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>67,056</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2,738,188</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Deferred adjustment to provision versus statutory tax returns</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>10,410</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(4,316,443</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">)</span></span></td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Uncertain tax position, inclusive of interest and penalties</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>32,591</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">520,485</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>2,809,768</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt 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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4,934,467</span></span></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> 4191308 17132041 0.27 0.27 1131653 4625653 1802992 1834479 56549 98946 -288933 -608783 196298 115835 -198848 -73893 67056 2738188 10410 -4316443 32591 520485 2809768 4934467 <table cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; width: 70%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>January 31, </b><br/><b>2023</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">January 31,<br/>2022<br/>(As restated -<br/>Note 2)</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; width: 70%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Deferred tax assets</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; text-align: right; width: 12%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 8.95pt; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Share issuance costs and financing fees</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>4,764</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">262,726</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; text-indent: 8.95pt; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Allowable capital losses</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>132,986</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">139,182</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 8.95pt; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Non-capital losses</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>4,699,606</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4,376,843</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; text-indent: 8.95pt; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Intangible assets</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>85,843</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">98,394</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 8.95pt; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Right of use assets and lease liabilities, net</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>73,247</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">53,248</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; text-indent: 8.95pt; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Reclamation obligation</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>14,219</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">14,923</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 8.95pt; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Derivative liability</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>64,719</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">271,719</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; background-color: #e6efff; text-indent: 8.95pt; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Inventories</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>36,797</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 8.95pt; width: 70%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Convertible promissory note</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>312,190</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 2%; border-bottom: 0.75pt solid black;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 1%; border-bottom: 0.75pt solid black;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 12%; border-bottom: 0.75pt solid black;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">345,989</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 2%; border-bottom: 0.75pt solid black;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Total deferred tax assets</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>5,424,371</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">5,563,024</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-bottom: 0.75pt solid #000000; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Valuation allowance</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; border-bottom: 0.75pt solid #000000; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(5,311,368)</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; border-bottom: 0.75pt solid #000000; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; border-bottom: 0.75pt solid #000000; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(5,510,216)</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; border-bottom: 0.75pt solid #000000; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Total net deferred tax assets</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>113,003</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">52,808</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; width: 70%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 12%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Deferred tax liabilities</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 12%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; background-color: #e6efff; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom; text-indent: 8.95pt; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Property and equipment</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>(89,641)</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(86,366)</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; background-color: #e6efff; width: 70%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Net deferred tax (liability) asset</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>23,362</b></span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; background-color: #e6efff; text-align: right; width: 2%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; background-color: #e6efff; text-align: right; width: 1%;"> </td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; background-color: #e6efff; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">(33,558)</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: middle; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; background-color: #e6efff; text-align: right; width: 2%;"> </td> </tr> </table> 4764 262726 132986 139182 4699606 4376843 85843 98394 73247 53248 14219 14923 64719 271719 36797 0 312190 345989 5424371 5563024 5311368 5510216 113003 52808 89641 86366 23362 -33558 17400000 985000 2700000 15-year carryforward period with losses expiring between 2034 and 2038 5311368 5510216 846446 813855 789112 401824 7745 55065 2268 <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>January 31,<br/>2023</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">2022<br/>(As restated -<br/>Note 2)</span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Beginning balance</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>813,855</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">293,370</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Increase due to tax positions taken during a prior year</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>32,591</b></span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">520,485</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Ending balance</b></span></span></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: #e6efff;"> </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: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>846,446</b></span></span></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: #e6efff;"> </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: #e6efff;"> </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: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">813,855</span></span></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: #e6efff;"> </td> </tr> </table> 813855 293370 32591 520485 846446 813855 846446 813855 <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-size: 10pt; width: 100%; border-color: #000000;"> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>January 31,<br/>2023</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">January 31,<br/>2022<br/>(As restated -<br/>Note 2)</span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>$</b></span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">$</span></span></td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Income taxes payable</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>6,890,412</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4,056,315</span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Unrecognized tax position, inclusive of interest and penalties</span></span></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%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>846,446</b></span></span></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: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">813,855</span></span></td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></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: #e6efff;"> </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: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>7,736,858</b></span></span></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: #e6efff;"> </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: #e6efff;"> </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: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">4,870,170</span></span></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: #e6efff;"> </td> </tr> </table> 6890412 4056315 846446 813855 7736858 4870170 <div> <p style="text-align: justify; margin-top: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>22.</b><span style="width: 5.49pt; display: inline-block;"> </span><b>FINANCIAL INSTRUMENTS</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The following tables present information about the Company's financial instruments and their classifications as of January 31, 2023 and January 31, 2022 and indicate the fair value hierarchy of the valuation inputs utilized to determine such fair value:</span></span></p> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Fair value measurements at January 31, 2023 using:</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Level 1</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Level 2</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Level 3</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Total</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 40%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> <p style="font-size: 10pt; font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; font-family: Times New Roman, Times, serif;">$</span></p> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> <p style="font-size: 10pt; font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; font-family: Times New Roman, Times, serif;">$</span></p> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> <p style="font-size: 10pt; font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; font-family: Times New Roman, Times, serif;">$</span></p> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> <p style="font-size: 10pt; font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; font-family: Times New Roman, Times, serif;">$</span></p> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 2%;"> </td> </tr> <tr style="background-color: #e6efff;"> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 40%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Financial liabilities:</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; width: 40%; background-color: #ffffff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Earn out shares (Note 13)</span></span></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;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">239,700</span></span></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;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>239,700</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table>   <table border="0" cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; white-space: nowrap; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Fair value measurements at January 31, 2022 using:</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Level 1</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Level 2</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Level 3</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Total</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 40%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> <p style="font-size: 10pt; font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; font-family: Times New Roman, Times, serif;">$</span></p> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> <p style="font-size: 10pt; font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; font-family: Times New Roman, Times, serif;">$</span></p> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> <p style="font-size: 10pt; font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; font-family: Times New Roman, Times, serif;">$</span></p> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> <p style="font-size: 10pt; font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; font-family: Times New Roman, Times, serif;">$</span></p> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 2%;"> </td> </tr> <tr style="background-color: #e6efff;"> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 40%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Financial liabilities:</b></span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; width: 40%; background-color: #ffffff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Earn out shares (Note 13)</span></span></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;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,006,368</span></span></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;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,006,368</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table> <p style="text-align: justify; margin-top: 10pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The fair value of the derivative liability associated with the earn out shares was derived using a Monte Carlo simulation using non-observable inputs, and therefore represent a Level 3 measurement.</span></span></p> </div> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Fair value measurements at January 31, 2023 using:</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Level 1</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Level 2</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Level 3</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Total</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 40%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> <p style="font-size: 10pt; font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; font-family: Times New Roman, Times, serif;">$</span></p> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> <p style="font-size: 10pt; font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; font-family: Times New Roman, Times, serif;">$</span></p> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> <p style="font-size: 10pt; font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; font-family: Times New Roman, Times, serif;">$</span></p> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> <p style="font-size: 10pt; font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; font-family: Times New Roman, Times, serif;">$</span></p> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 2%;"> </td> </tr> <tr style="background-color: #e6efff;"> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 40%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Financial liabilities:</b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; width: 40%; background-color: #ffffff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Earn out shares (Note 13)</span></span></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;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">239,700</span></span></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;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>239,700</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%;"> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; white-space: nowrap; vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; width: 40%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Fair value measurements at January 31, 2022 using:</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Level 1</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Level 2</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Level 3</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 12%;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Total</b></span></span></td> <td style="vertical-align: bottom; border-top: 1.5pt solid #000000; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 2%;"> </td> </tr> <tr> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 40%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> <p style="font-size: 10pt; font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; font-family: Times New Roman, Times, serif;">$</span></p> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> <p style="font-size: 10pt; font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; font-family: Times New Roman, Times, serif;">$</span></p> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> <p style="font-size: 10pt; font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; font-family: Times New Roman, Times, serif;">$</span></p> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> <p style="font-size: 10pt; font-family: Times New Roman, Times, serif; margin-top: 0pt; margin-bottom: 0pt;"><span style="font-size: 10pt; font-family: Times New Roman, Times, serif;">$</span></p> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 2%;"> </td> </tr> <tr style="background-color: #e6efff;"> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; width: 40%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Financial liabilities:</b></span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; text-align: left; width: 1%; background-color: #e6efff;"> </td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; text-align: right; width: 12%; background-color: #e6efff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b> </b></span></span></td> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; text-align: left; width: 2%; background-color: #e6efff;"> </td> </tr> <tr style="background-color: #ffffff;"> <td style="margin-top: 0pt; margin-bottom: 0pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; width: 40%; background-color: #ffffff;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Earn out shares (Note 13)</span></span></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;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">-</span></span></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;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">1,006,368</span></span></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;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>1,006,368</b></span></span></td> <td style="vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #ffffff;"> </td> </tr> </table> 0 0 239700 239700 0 0 1006368 1006368 <div> <div> <div> <div> <div> <div> <div> <p style="text-align: justify; margin-top: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>23.  </b><b>SUBSEQUENT EVENTS</b></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On February 13, 2023 the Company announced it had negotiated the cancellation of a portion of the earn out share obligations pursuant to the Swell Purchase agreement. The Company entered into agreements with certain Swell vendors to extinguish the Company's obligation to issue 4,792,800 common shares in exchange for a one-time payment of $575,136.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On February 6, 2023, the Company and its CEO, Sonny Newman, agreed to defer payment of the principal portion of the March 1, 2023 promissory note payment in order to facilitate the cash coverage required to settle the Company's cash settlement with the Swell vendors. The principal portion was deferred until April 1, 2023 and normally scheduled payments of principal and interest resumed at that time.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On March 9, 2023, the Company executed a settlement agreement to terminate the lease-to-own arrangement accounted for as a sales-type lease for certain licenses, land and equipment in Oregon, USA (Note 4). The lessee failed to make the minimum payments under the arrangement and the Company exercised its right to terminate the relationship. As part of the settlement agreement, the lessee paid $500,000 as consideration for two cannabis licenses in Oregon. The Company retains the land, building and equipment.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">On June 1, 2023, the Company completed all payments totaling $2,026,667 on the promissory note payable (Note 12(b)) owing to Sonny Newman, the Company's President and CEO. In connection with the repayment, the security against the Company's assets held in Silver State Cultivation LLC and Silver State Relief LLC has been fully discharged.</span></span></p> </div> </div> </div> </div> </div> </div> </div> 4792800 575136 500000 2026667