Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
|
6 Months Ended |
Aug. 31, 2022 |
Aug. 31, 2021 |
| Cash Flows from Operating Activities |
|
|
| Net loss |
$ (25,711,105)
|
$ (20,549,780)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Depreciation and amortization (Notes 7 and 8) |
276,642
|
272,770
|
| Stock-based compensation expense (Note 16) |
9,094,988
|
719,733
|
| Accretion and accrued interest expenses (Note 18) |
79,507
|
43,967
|
| Changes in operating assets and liabilities: |
|
|
| Sales tax and tax credits receivable (Note 3) |
(143,010)
|
436,236
|
| Inventory (Note 4) |
(330,462)
|
0
|
| Prepaid expenses and deposits (Note 5) |
(1,146,544)
|
(365,769)
|
| Accounts payable and accrued liabilities (Note 10) |
(2,798,922)
|
(2,957,577)
|
| Net cash used in operating activities |
(20,678,906)
|
(22,400,420)
|
| Cash Flows from Investing Activities |
|
|
| Additions to property, plant and equipment (Notes 6 and 7) |
(58,428)
|
(5,010,982)
|
| Additions to intangible assets (Note 8) |
(141,404)
|
(90,591)
|
| Net cash used in investing activities |
(199,832)
|
(5,101,573)
|
| Cash Flows from Financing Activities |
|
|
| Proceeds from sale of common shares and warrants, net of share issuance costs (Note 13) |
0
|
56,087,746
|
| Proceeds from issuance of long-term debt (Note 11) |
0
|
1,894,877
|
| Repayment of long-term debt (Note 10) |
0
|
(27,740)
|
| Net cash (used) provided by financing activities |
0
|
57,954,883
|
| Effect of exchange rate changes |
(182,298)
|
(113,479)
|
| Net increase (decrease) in cash |
(21,061,036)
|
30,339,411
|
| Cash, beginning of period |
44,061,427
|
35,221,951
|
| Cash, end of period |
23,000,391
|
65,561,362
|
| Supplemental Disclosure of Cash Flow Information: |
|
|
| Income tax paid |
0
|
0
|
| Interest paid |
0
|
19,720
|
| Interest received |
$ 22,527
|
$ 18,174
|