v3.26.3
Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - CAD ($)
$ in Thousands
3 Months Ended
Aug. 31, 2026
Aug. 31, 2025
Cash Flows from Operating Activities:    
Net loss $ (4,071) $ (10,903)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 128 51
Stock-based compensation 949 2,410
Change in Warrant liability (3,820) 5,137
Changes in operating assets and liabilities:    
Prepaid expenses 1,198 157
Accounts receivable (408) 14
Accounts payable (1,154) (297)
Accrued liabilities (35) 1,067
Net cash used in operating activities (7,213) (2,364)
Cash Flows from Investing Activities:    
Purchase of property and equipment (671) (139)
Net cash used in investing activities (671) (139)
Cash Flows from Financing Activities:    
Proceeds from Sales Agreement 618 8,253
Proceeds from PFW exercises 3
Repurchased Class A ordinary shares for tax obligations (955)
Proceeds from General Warrants exercised 2,970
Net cash provided by (used in) financing activities (334) 11,223
Net Change in Cash and Cash Equivalents (8,218) 8,720
Cash and Cash Equivalents - Beginning of period 78,279 7,547
Cash and Cash Equivalents - End of period 70,061 16,267
Taxes paid
Interest paid $ 1 $ 1