Lease liability |
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| Lease liability | 11. Lease liability
As of June 30, 2026, lease liability consists of:
Information about leases for which the Company is a lessee is as follows:
The Company’s future undiscounted minimum lease payments for the period ended June 30, 2026, for the continued operations are as under:
The Company entered into a lease agreement for 61,327 sq. ft for its premises as its headquarters in Mississauga, Ontario at 6688 Kitimat Road. The lease is for 10 years starting January 1, 2020, with expiry December 31, 2029. In addition, the Company is required to pay certain occupancy costs.
In January 2026, the Company entered into a lease agreement for its lab facility for three years. The terms of the renewed lease entail a fixed monthly rent as follows:
In May 2026, the Company entered into a three-year lease agreement for leasing 14,000 square feet of space to increase its warehouse facility in Mississauga. The payment schedule is as follows:
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