| Mar'20 | Mar'19 | |||||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Net income (loss) | ||||||
75,681 | 313,989 | |||||
Items not affecting cash: | ||||||
Inventory write-down | ||||||
7,962 | 0 | |||||
Share-based payments | ||||||
2,436 | 1,771 | |||||
Depreciation and amortization | ||||||
1,162 | 494 | |||||
Share of net loss from investments in equity accounted investees | ||||||
-1,172 | -198 | |||||
Gain on revaluation of derivative liabilities (Note 11) | ||||||
113,368 | 328,216 | |||||
Gain on disposal of other investments | ||||||
781 | 15,498 | |||||
Loss (gain) on unrealized foreign exchange | ||||||
412 | -51 | |||||
Provision for doubtful accounts | ||||||
2,068 | 0 | |||||
Non-cash sales and marketing | ||||||
1,821 | 0 | |||||
Other, net | ||||||
1,157 | 745 | |||||
Net changes in non-cash working capital | ||||||
15,482 | -14,118 | |||||
Cash flows used in operating activities | ||||||
-38,898 | -13,838 | |||||
Investing activities | ||||||
Purchase of short-term investments | ||||||
126,514 | 0 | |||||
Proceeds from disposal of short-term investments | ||||||
206,847 | 0 | |||||
Investments in equity accounted investees | ||||||
0 | 1,658 | |||||
Proceeds from sale of other investments | ||||||
781 | 19,614 | |||||
Advances to joint ventures | ||||||
0 | 11,893 | |||||
Purchase of property, plant and equipment | ||||||
6,411 | 10,119 | |||||
Payment of accrued interest on construction loan payable | ||||||
0 | 89 | |||||
Purchase of intangible assets | ||||||
1,105 | 38 | |||||
Advances on loans receivable | ||||||
14,512 | 0 | |||||
Cash flows provided (used) in investing activities | ||||||
59,086 | -4,183 | |||||
Financing activities | ||||||
Increase in bank indebtedness | ||||||
0 | 316 | |||||
Advance from non-controlling interests | ||||||
0 | 84 | |||||
Repayment of lease obligations | ||||||
448 | 23 | |||||
Proceeds from Altria Investment | ||||||
0 | 1,809,556 | |||||
Proceeds from exercise of warrants and options | ||||||
0 | 889 | |||||
Withholding taxes paid on share appreciation rights | ||||||
0 | 411 | |||||
Share issuance costs | ||||||
0 | 3,642 | |||||
Repayment of construction loan payable | ||||||
0 | 15,971 | |||||
Advance under Credit Facility | ||||||
0 | 48,715 | |||||
Repayment of Credit Facility | ||||||
0 | 48,309 | |||||
Cash flows provided (used) by financing activities | ||||||
-448 | 1,791,204 | |||||
Effect of foreign currency translation on cash and cash equivalents | ||||||
-91,037 | 14,421 | |||||
Increase (decrease) in cash and cash equivalents | ||||||
-71,297 | 1,787,604 | |||||
Supplemental cash flow information | ||||||
Interest paid | ||||||
7 | 507 | |||||
Interest received | ||||||
7,758 | 0 | |||||