Annual reports filed by certain Canadian issuers pursuant to Section 15(d) and Rule 15d-4

CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

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CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME - CAD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Profit or loss [abstract]    
Revenues $ 54,300 $ 15,890
Cost of revenues 42,418 7,081
Gross profit before fair value adjustments 11,882 8,809
Fair value adjustments:    
Unrealized change in fair value of biological assets 7,210 11,781
Realized fair value adjustments on inventory sold in the year (8,796) (10,122)
Total fair value adjustments (1,586) 1,659
Gross profit after fair value adjustments 10,296 10,468
General and administrative expenses 32,219 11,549
Selling and marketing expenses 8,995 3,782
Share-based compensation 7,471 3,382
Total operating expenses 48,685 18,713
Profit (loss) from operating activities (38,389) (8,245)
Finance income 22,024 277
Finance expenses (1,648) (20,504)
Finance income (expense), net 20,376 (20,227)
Loss before income taxes (18,013) (28,472)
Income tax expense 505 262
Net Loss (18,518) (28,734)
Other comprehensive income that will not be reclassified to profit or loss in subsequent periods:    
Remeasurement gain (loss) on defined benefit plans 21 (30)
Exchange differences on translation to presentation currency 858 1,144
Total other comprehensive income that will not be reclassified to profit or loss in subsequent periods 879 1,114
Other comprehensive income that will be reclassified to profit or loss in subsequent periods:    
Adjustments arising from translating financial statements of foreign operation 530 (124)
Total other comprehensive income that will be reclassified to profit or loss in subsequent periods 530 (124)
Total other comprehensive income 1,409 990
Total comprehensive loss (17,109) (27,744)
Net loss attributable to:    
Equity holders of the Company (17,763) (28,698)
Non-controlling interests (755) (36)
Net Loss (18,518) (28,734)
Total comprehensive income (loss) attributable to:    
Equity holders of the Company (16,357) (27,808)
Non-controlling interests (752) 64
Total comprehensive loss $ (17,109) $ (27,744)
Net loss per share attributable to equity holders of the Company:    
Basic (in dollars per share) $ (0.31) $ (0.74)
Diluted (in dollars per share) $ (0.66) $ (0.74)