Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
|
9 Months Ended |
Nov. 30, 2021 |
Nov. 30, 2020 |
| Cash Flows from Operating Activities |
|
|
| Net loss |
$ (30,648,023)
|
$ (23,151,431)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Depreciation and amortization (Notes 6 and 7) |
407,806
|
654,354
|
| Stock-based compensation expense (Note 16) |
1,361,744
|
2,774,749
|
| Write-down and impairment of property, plant and equipment |
0
|
5,043,120
|
| Accretion and accrued interest expenses (Note 19) |
82,393
|
56,259
|
| Loss (gain) on revaluation of foreign exchange contracts (Note 19) |
0
|
(58,945)
|
| Changes in operating assets and liabilities: |
|
|
| Sales tax and tax credits receivable (Note 3) |
948,328
|
(477,855)
|
| Prepaid expenses (Note 4) |
(1,394,272)
|
(1,075,291)
|
| Accounts payable and accrued liabilities (Note 9) |
(3,587,932)
|
1,690,789
|
| Net cash used in operating activities |
(32,829,956)
|
(14,544,251)
|
| Cash Flows from Investing Activities |
|
|
| Investment in joint venture (Note 10) |
0
|
(650,000)
|
| Additions to property, plant and equipment (Notes 5 and 6) |
(5,022,255)
|
(1,580,795)
|
| Additions to intangible assets (Note 7) |
(348,017)
|
(155,798)
|
| Net cash used in investing activities |
(5,370,272)
|
(2,386,593)
|
| Cash Flows from Financing Activities |
|
|
| Proceeds from sale of common shares and warrants, and exercise of warrants, net of share issuance costs (Note 13) |
56,087,746
|
26,649,253
|
| Proceeds from issuance of long-term debt (Note 11) |
1,868,954
|
0
|
| Repayment of long-term debt (Note 11) |
(41,041)
|
(32,781)
|
| Net cash (used) provided by financing activities |
57,915,659
|
26,616,472
|
| Effect of exchange rate changes |
(77,336)
|
210,516
|
| Net increase (decrease) in cash |
19,638,095
|
9,896,144
|
| Cash, beginning of period |
35,221,951
|
33,717,671
|
| Cash, end of period |
54,860,046
|
43,613,815
|
| Supplemental Disclosure of Cash Flow Information: |
|
|
| Income tax paid |
0
|
0
|
| Interest paid |
30,506
|
28,613
|
| Interest received |
$ 23,654
|
$ 78,394
|