v3.26.1
Consolidated Statements of Cash Flows - CAD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:      
Net loss $ (262,908) $ (508,878) $ (712,206)
Gain (loss) from discontinued operations, net of income tax 0 6,023 (192,113)
Net loss from continuing operations (262,908) (514,901) (520,093)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation of property, plant and equipment 19,026 21,522 28,376
Amortization of intangible assets 17,447 21,596 24,800
Share-based compensation 4,266 (4,205) 14,180
Loss on asset impairment and restructuring 58,055 20,285 53,797
Income tax expense 23 7,141 12,327
Non-cash fair value adjustments and charges related to settlement of long-term debt 72,907 324,175 196,879
Change in operating assets and liabilities, net of effects from purchases of businesses:      
Amounts receivable 25,685 (4,485) (3,749)
Inventory 3,710 (17,715) 1,034
Prepaid expenses and other assets (4,367) 5,719 (2,433)
Accounts payable and accrued liabilities (4,353) (15,484) 9,115
Other, including non-cash foreign currency 6,703 (9,398) (42,654)
Net cash used in operating activities - continuing operations (63,806) (165,750) (228,421)
Net cash used in operating activities - discontinued operations 0 0 (53,529)
Net cash used in operating activities (63,806) (165,750) (281,950)
Cash flows from investing activities:      
Purchases of and deposits on property, plant and equipment (5,333) (10,813) (3,449)
Purchases of intangible assets (620) (467) (547)
Proceeds on sale of property, plant and equipment 5 4,932 154,052
Redemption of short-term investments 19,001 16,428 78,549
Net cash outflow on sale or deconsolidation of subsidiaries 0 (6,968) (955)
Net cash outflow on acquisition of subsidiaries (41,536) 0 0
Net cash inflow on loan receivable 153 30,308 0
Investment in other financial assets 0 (95,335) (347)
Other investing activities 6,981 0 (7,705)
Net cash provided by (used in) investing activities - continuing operations (21,349) (61,915) 219,598
Net cash provided by investing activities - discontinued operations 0 14,127 21,992
Net cash provided by (used in) investing activities (21,349) (47,788) 241,590
Cash flows from financing activities:      
Proceeds from issuance of common shares and warrants 374,171 385,391 81,063
Proceeds from exercise of stock options 0 112 0
Proceeds from exercise of warrants 0 8,454 0
Issuance of long-term debt and convertible debentures 207,990 68,255 0
Repayment of long-term debt (221,508) (289,031) (509,779)
Debt issuance and extinguishment costs (11,039) (791) (7,654)
Other financing activities (17,205) (23,730) (28,685)
Net cash provided by (used in) financing activities 332,409 148,660 (465,055)
Effect of exchange rate changes on cash and cash equivalents 3,618 8,389 (1,292)
Net increase/(decrease) in cash and cash equivalents 250,872 (56,489) (506,707)
Cash and cash equivalents, beginning of period [1] 113,811 170,300 677,007
Cash and cash equivalents, end of period 364,683 113,811 [1] 170,300 [1]
Cash received during the period:      
Income taxes 325 128 6,238
Interest 9,997 8,947 18,097
Cash paid during the period:      
Income taxes 469 783 2,082
Interest 29,019 64,904 98,118
Noncash investing and financing activities      
Additions to property, plant and equipment $ 313 $ 426 $ 106
[1] Includes cash of our discontinued operations of $nil, $nil, and $9,314 for March 31, 2025, 2024 and 2023, respectively.