Consolidated Statements of Cash Flows - CAD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2017 |
Dec. 31, 2016 |
| Operating activities |
|
|
| Net income (loss) |
$ 2,491
|
$ (1,190)
|
| Items not affecting cash: |
|
|
| Stock-based payments |
1,862
|
307
|
| Depreciation |
996
|
382
|
| Share of income from investment in Whistler |
(165)
|
(163)
|
| Loss (gain) on other investments |
(4,858)
|
310
|
| Reversal of impairment loss on loan receivable |
|
(725)
|
| Deferred income tax expense (recovery) |
298
|
(568)
|
| Cash flows from used in operations before changes in working capital |
624
|
(1,647)
|
| Net changes in non-cashworking capital: |
|
|
| Increase in accounts receivable |
(1,033)
|
(57)
|
| Increase in sales tax receivable |
(3,114)
|
|
| Increase in prepaids and other receivables |
(287)
|
(376)
|
| Increase in biological assets |
(1,927)
|
(714)
|
| Increase in inventory |
(6,508)
|
(929)
|
| Increase in accrued interest on loan receivable |
(5)
|
(7)
|
| Increase (decrease) in accounts payable and other liabilities |
6,702
|
(2,746)
|
| Cash flows used in operating activities |
(5,548)
|
(6,476)
|
| Investing activities |
|
|
| Cash acquired from Peace Naturals |
|
109
|
| Advances of loans receivable to Peace Naturals prior to acquisition |
|
(771)
|
| Receipts of loans receivable |
|
423
|
| Acquisition of Peace Naturals |
|
(6,248)
|
| Repayment of purchase price liability |
(2,590)
|
|
| Investment in Whistler |
(1,076)
|
|
| Dividends received from Whistler investment |
|
2
|
| Proceeds from sale of other investments |
10,879
|
|
| Acquisition of additional shares in AbCann |
(1,016)
|
|
| Payment to exercise AbCann warrants |
(2,268)
|
|
| Purchase of property, plant and equipment |
(42,701)
|
(1,523)
|
| Cash flows used in investing activities |
(38,772)
|
(8,008)
|
| Financing activities |
|
|
| Repayment of deposit payable |
|
(200)
|
| Repayment of promissory note payable |
|
(950)
|
| Repayment of loans |
|
(2,689)
|
| Repayment of mortgage payable |
(4,000)
|
(500)
|
| Proceeds from construction loan payable |
6,304
|
|
| Transaction costs paid on construction loan payable |
(1,282)
|
|
| Proceeds from exercise of warrants |
1,624
|
418
|
| Proceeds from issuance of warrants |
|
2,832
|
| Proceeds from exercise of options |
591
|
104
|
| Proceeds from issuance of shares |
49,594
|
17,968
|
| Share issuance costs |
(2,767)
|
(162)
|
| Cash flows provided by financing activities |
50,064
|
16,821
|
| Net change in cash |
5,744
|
2,337
|
| Cash - beginning of year |
3,464
|
1,127
|
| Cash - end of year |
9,208
|
3,464
|
| Supplemental cash flow information |
|
|
| Interest received |
22
|
48
|
| Interest paid |
$ 200
|
$ 294
|