Report of foreign issuer [Rules 13a-16 and 15d-16]

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - CAD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flow from operating activities:    
Net loss $ (19) $ (9,476) [1]
Adjustments for non-cash items:    
Revaluation of financial instruments (291) 20
Discount expenses in respect of convertible debentures 152 115
Depreciation of property, plant and equipment 128 226
Amortization of intangible assets 655 769
Depreciation of right-of-use assets 151 196
Loss from deconsolidation of subsidiary 0 2,734
Finance expenses, net 230 2,174
Deferred tax liability, net (80) (107)
Share-based payments 12 120
Discount expenses in respect of loans and credit received 77 0
Total adjustments for non-cash items 1,034 6,247
Changes in working capital:    
Increase (decrease) in trade receivables 1,631 (5,821)
Decrease in other current assets (2,297) (256)
Increase (decrease) in inventory (342) 3,424
Increase in trade payables 913 7,309
Changes in employe benefit liabilities, net 0 (47)
Increase (decrease) in other current liabilities 3,075 (892)
Changes in non-cash working capital 2,980 3,717
Taxes paid (6) (120)
Net cash provided by operating activities 3,989 368
Cash flows from investing activities:    
Purchase of property, plant and equipment (4) (52)
Deconsolidation of subsidiary 0 (346)
Change in restricted cash 23 0
Net cash provided by (used in) investing activities 19 (398)
Cash flow from financing activities:    
Repayment of lease liabilities (120) (197)
Payment of interest on lease liabilities (18) (25)
Proceeds from loans and credit received 881 1,094
Repayment of loans and credit (1,453) (3,486)
Interest paid (1,244) (1,054)
Proceeds from (repayment of) discounted checks (873) 4,311
Net cash provided by (used in) financing activities (2,827) 643
Effect of foreign exchange on cash (1,250) (1,726)
Change in cash (69) (1,113)
Cash at the beginning of the period 863 1,813
Cash at end of the period 794 700
Supplemental disclosure of non-cash activities:    
Issuance of convertible debentures in exchange for loans (principal and interest) received 0 2,092
Right-of-use assets recognized with corresponding lease liabilities 159 40
Common shares issued upon exercise of pre-funded warrants (Note 3C) 372 0
Common shares issued upon partial conversion of convertible debentures (Note 3D) 1,395 0
Common shares issued as debt settlement (Note 3F) $ 190 $ 0
[1] Loss per share includes the effect of Reverse Share Split (see also Note 5A below).