v3.26.1
Pay vs Performance Disclosure
 12 Months Ended
Mar. 31, 2026
Pay vs Performance Disclosure  
Tabular List, Table

Summary Compensation Table

The following summary compensation table shows information about the compensation received by our NEOs for services rendered to us during the fiscal years presented.

Name and
Principal Position		 Year
ended
March
31		 Salary
($)(1)		 Bonus ($)(1) Stock awards
($)(2)		 Option
awards($)(3)		 Non-equity
incentive
plan
compensation
($) 		All other
compensation
($)(1)(4)		 Total
compensation
($)
Frank Holmes
Executive Chairman 		2026 Nil Nil 4,444,547 Nil Nil 158,949 4,603,496
2025 Nil 12,944 4,328,986 Nil Nil 158,437 4,500,367
2024 Nil Nil Nil 88,574 Nil 160,906 249,480
Darcy Daubaras
CFO		 2026 225,794 451,589 2,443,126 Nil Nil 75,000 3,195,509
2025 224,359 134,616 1,516,860 Nil Nil 74,997 1,950,832
2024 231,348 136,139 Nil 332,155 Nil 75,081 774,723
Aydin Kilic, President and CEO 2026 Nil 585,184 4,444,547 Nil Nil 273,559(5) 5,303,290
2025 Nil 98,804 2,773,426 Nil Nil 224,359(5) 3,096,589
2024 Nil 120,420 643,794 332,155 Nil 231,348(5) 1,327,717
Gabriel Ibghy
General Counsel		 2026 186,492 343,758 2,222,273 Nil Nil Nil 2,752,523
2025 185,306 35,955 1,414,220 Nil Nil Nil 1,635,481
2024 191,079 46,344 62,732 221,437 Nil Nil 521,592
Johanna Thörnblad
Country President, Sweden		 2026 Nil 320,320 2,222,273 Nil Nil 226,847(6) 2,769,440
2025 Nil 30,763 1,414,220 Nil Nil 231,590(6) 1,676,573
2024 Nil 31,084 92,890 221,437 Nil 230,988(6) 576,399

(1) All amounts paid to our Named Executive Officers were paid in Canadian Dollars (CAD), except for amounts paid to Ms. Thörnblad, that were paid Euros (EUR). CAD amounts in this Annual Report with respect compensation paid to our NEOs has been converted to US Dollars (USD) using the average exchange rate for the applicable fiscal year, as reported by the Bank of Canada, being $1 CAD to $0.7237 USD for the year ended 3/31/2026, being $1 CAD to $0.7191 USD for the year ended 3/31/2025 and being $1 CAD to $0.7415 USD for the year ended 3/31/2024.  EUR amounts in this Annual Report with respect compensation paid to Ms. Thörnblad has been converted to US Dollars (USD) using the average exchange rate for the applicable fiscal year, as reported by the European Central Bank, being 1 EUR to $1.2176 USD for the year ended 3/31/2026, being $1 EUR to $1.2587 USD for the year ended 3/31/2025 and being $1 EUR to $1.17508 USD for the year ended 3/31/2024.

(2) Amounts reported in the Stock Awards column represent the aggregate grant date fair value of share-based awards computed in accordance with FASB ASC Topic 718, Compensation-Stock Compensation.

(3) For Option Awards, grant date fair values for Options are calculated using the Black-Scholes option pricing model. The assumptions used in these calculations are set forth in the notes to the Company's consolidated financial statements. These amounts reflect the accounting cost recognized by the Company for these awards and do not correspond to the actual value that may be realized by the NEO.

(4) Mr. Holmes, Mr. Daubaras and Ms. Thörnblad each earn director fees of US $75,000 per year commencing on January 1, 2022, for serving on several of the Corporation's subsidiary company boards.

(5) Mr. Kilic is paid through Unimage Ltd., a company that he controls. For more information, please see the "Executive Employment Agreements and Management Contracts" above.

(6) Ms. Thörnblad is paid through Known Lab S.L., a company that she controls. For more information, see "Executive Employment Agreements and Management Contracts" above.
Equity Awards Adjustments, Footnote

Grants of Plan-Based Awards Table

The following table shows the equity awards made under our RSU Plan to our NEOs during the fiscal year ended March 31, 2026. (1)

                                  Stock      
                                  Awards:      
                                  Number of   Grant Date  
          Estimated Future Payouts Under   Estimated Future Payouts Under   Shares of   Fair Value  
          Non-Equity Incentive Plan Awards   Equity Incentive Plan Awards   Stock or   of Stock  
  Award   Grant   Threshold   Target   Maximum   Threshold   Target   Maximum   Units   Awards(3)  
Name Type   Date   ($)   ($)   ($)   (#)   ($)   ($)   (#)   ($)  
Frank Holmes RSU(2)   4/17/2025   -   -   -   -   -   -   400,000   596,000  
RSU(2)   7/8/2025   -   -   -   -   -   -   400,000   888,000  
RSU(2)   10/31/2025   -   -   -   -   -   -   400,000   2,080,000  
RSU(2)   3/16/2026   -   -   -   -   -   -   400,000   820,000  
Aydin Kilic(1) RSU(2)   4/17/2025   -   -   -   -   -   -   400,000   596,000  
RSU(2)   7/8/2025   -   -   -   -   -   -   400,000   888,000  
RSU(2)   10/31/2025   -   -   -   -   -   -   400,000   2,080,000  
RSU(2)   3/16/2026   -   -   -   -   -   -   400,000   820,000  
Darcy Daubaras RSU(2)   4/17/2025   -   -   -   -   -   -   200,000   298,000  
RSU(2)   7/8/2025   -   -   -   -   -   -   200,000   444,000  
RSU(2)   10/31/2025   -   -   -   -   -   -   200,000   1,040,000  
RSU(2)   3/16/2026   -   -   -   -   -   -   300,000   615,000  
Gabriel Ibghy RSU(2)   4/17/2025   -   -   -   -   -   -   200,000   298,000  
RSU(2)   7/8/2025   -   -   -   -   -   -   200,000   444,000  
RSU(2)   10/31/2025   -   -   -   -   -   -   200,000   1,040,000  
RSU(2)   3/16/2026   -   -   -   -   -   -   200,000   410,000  
Johanna Thörnblad RSU(2)   4/17/2025   -   -   -   -   -   -   200,000   298,000  
RSU(2)   7/8/2025   -   -   -   -   -   -   200,000   444,000  
RSU(2)   10/31/2025   -   -   -   -   -   -   200,000   1,040,000  
RSU(2)   3/16/2026   -   -   -   -   -   -   200,000   410,000  

(1) Mr. Kilic's RSUs were issued to Akilic Ventures Ltd., a corporation that he controls.

(2) All RSUs granted during the fiscal year ended March 31, 2026, vest in fully on the first anniversary of the applicable grant date.

 

Outstanding Equity Awards at Fiscal Year-End

The following table shows all outstanding stock options and stock awards held by each of our NEOs as of March 31, 2026.

                 
  Option Awards Stock Awards
Name

Number of

securities

underlying

unexercised

options

(#)exercisable

Number of

securities

underlying

unexercised

options

(#)unexercisable

Option

exercise price

($)

Option

expiration

date

Number

of shares

or units

of stock

that have

not

vested (#)

Market

value of

shares or

units of

stock that

have not

vested ($)

Equity

Incentive

Plan

Number of

unearned

shares,

units or

other

rights that

have not

vested (#)

Equity

Incentive

Plan

Market

or payout

value of

unearned

shares,

units or

other

rights

that have

not

vested ($)
Frank Holmes 500,000 Nil 1.23 Sep 14, 2027 1,787,500 3,396,250 Nil Nil
100,000 Nil 1.09 Feb 10, 2030
20,000 Nil 5.14 Jul 6, 2028
Darcy Daubaras 100,000 Nil CAD$1.35 Dec 21, 2028 956,250 1,816,875 Nil Nil
100,000 Nil CAD$1.45 Feb 10, 2030
75,000 Nil CAD$6.86 Jul 6, 2028
Aydin Kilic 180,000(5) Nil CAD$18.50 Oct 7, 2031 1,750,000 3,325,000 Nil Nil
72,000(5) Nil CAD$5.66 Aug 26, 2027
75,000(5) Nil CAD$6.86 Jul 6, 2028
Gabriel Ibghy 20,000 Nil CAD$18.50 Apr 29, 2031 845,000 1,605,500 Nil Nil
50,400 Nil CAD$5.66 Aug 26,2027
50,000 Nil CAD$6.86 Jul 6, 2028
Johanna Thörnblad 20,000 Nil 20.03 Apr 6, 2031 845,000 1,605,500 Nil Nil
10,000 Nil 16.61 Dec 8, 2031
50,400 Nil 4.36 Aug 26, 2027
50,000 Nil 5.14 Jul 6, 2028