Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
|
6 Months Ended |
Aug. 31, 2021 |
Aug. 31, 2020 |
| Cash Flows from Operating Activities |
|
|
| Net loss |
$ (20,549,780)
|
$ (8,980,438)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Depreciation and amortization (Notes 6 and 7) |
272,770
|
558,561
|
| Stock-based compensation expense (Note 16) |
719,733
|
1,877,754
|
| Accretion and accrued interest expenses (Note 19) |
43,967
|
36,949
|
| Loss on revaluation of foreign exchange contracts (Note 19) |
0
|
11,482
|
| Changes in operating assets and liabilities: |
|
|
| Sales tax and tax credits receivable (Note 3) |
436,236
|
169,018
|
| Prepaid expenses (Note 4) |
(365,769)
|
(824,675)
|
| Accounts payable and accrued liabilities (Note 9) |
(2,957,577)
|
(304,438)
|
| Net cash used in operating activities |
(22,400,420)
|
(7,455,787)
|
| Cash Flows from Investing Activities |
|
|
| Investment in joint venture (Note 10) |
0
|
(650,000)
|
| Deposits on machinery and equipment (Note 4) |
0
|
(1,305,010)
|
| Additions to property, plant and equipment (Notes 5 and 6) |
(5,010,982)
|
(1,116,744)
|
| Additions to intangible assets (Note 7) |
(90,591)
|
(160,484)
|
| Net cash used in investing activities |
(5,101,573)
|
(3,232,238)
|
| Cash Flows from Financing Activities |
|
|
| Proceeds from sale of common shares and warrants, net of share issuance costs (Note 13) |
56,087,746
|
0
|
| Proceeds from issuance of long-term debt (Note 11) |
1,894,877
|
0
|
| Repayment of long-term debt (Note 11) |
(27,740)
|
(26,836)
|
| Net cash (used) provided by financing activities |
57,954,883
|
(26,836)
|
| Effect of exchange rate changes |
(113,479)
|
125,433
|
| Net increase (decrease) in cash |
30,339,411
|
(10,589,428)
|
| Cash, beginning of period |
35,221,951
|
33,717,671
|
| Cash, end of period |
65,561,362
|
23,128,243
|
| Supplemental Disclosure of Cash Flow Information: |
|
|
| Income tax paid |
0
|
0
|
| Interest paid |
19,720
|
19,441
|
| Interest received |
$ 18,174
|
$ 30,497
|