SEDAR Interim Financial Statements

[
  {
    "companyName": "Greenway Greenhouse Cannabis Corporation",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 1181770,
      "accountsReceivable": 1287135,
      "inventory": 4190710,
      "biologicalAssets": 525108,
      "prepaidExpensesAndDeposits": 169807,
      "totalCurrentAssets": 7354530,
      "propertyPlantAndEquipment": 25273679,
      "totalAssets": 32628209,
      "accountsPayableAndAccruedLiabilities": 1535245,
      "accountsPayableToRelatedParties": 5648169,
      "customerDeposits": 0,
      "currentPortionOfLeaseLiabilities": 409625,
      "subordinatedDebt": 4900000,
      "totalCurrentLiabilities": 12493039,
      "leaseLiabilities": 7571998,
      "convertibleDebentures": 2746421,
      "totalLiabilities": 22811458,
      "shareCapital": 24418991,
      "warrantsReserve": 295201,
      "shareBasedPaymentsReserve": 4865889,
      "equityComponentOfConvertibleDebentures": 462644,
      "deficit": -20225974,
      "totalShareholdersEquity": 9816751,
      "cashPerShare": 0.0089,
      "workingCapitalPerShare": -0.0389
    },
    "incomeStatement": {
      "grossRevenue": 6164004,
      "exciseTaxes": -101476,
      "netRevenue": 6062528,
      "costOfGoodsSold": 3149509,
      "amortizationCostOfSales": 721245,
      "grossProfitBeforeFairValueAdjustments": 2191774,
      "fairValueAdjustmentOnSaleOfInventory": -298614,
      "fairValueAdjustmentOnGrowthOfBiologicalAssets": 428836,
      "grossProfit": 2321996,
      "generalAndAdministration": 1207961,
      "amortizationOperatingExpenses": 248649,
      "professionalFees": 297083,
      "marketingAndSales": 166026,
      "researchAndDevelopment": 4485,
      "badDebt": 0,
      "impairmentOfIntangibleAsset": 0,
      "totalOperatingExpenses": 1924204,
      "operatingIncomeLoss": 397792,
      "interestExpense": -813654,
      "lossAndComprehensiveLoss": -415862,
      "weightedAverageSharesOutstandingBasic": 132214114,
      "weightedAverageSharesOutstandingDiluted": 132214114,
      "basicLossPerShare": -0.0031,
      "dilutedLossPerShare": -0.0031
    },
    "cashFlowStatement": {
      "netLoss": -415862,
      "amortization": 1412364,
      "interestExpenseAccruedToRelatedParty": 202125,
      "accretionOnLeaseLiabilitiesNetOfSubLeaseToRelatedParty": 231121,
      "accretionOnConvertibleDebentures": 131053,
      "sharesIssuedForServicesRendered": 76275,
      "sharesIssuedForPaymentInKindInterest": 105000,
      "fairValueAdjustmentOnSaleOfInventory": 298614,
      "fairValueAdjustmentOnGrowthOfBiologicalAssets": -428836,
      "cashFromOperatingActivitiesBeforeWorkingCapital": 1611854,
      "decreaseIncreaseInAccountsReceivable": -620541,
      "decreaseIncreaseInInventoryAndBiologicalAssets": -2953755,
      "decreaseIncreaseInPrepaidExpensesAndDeposits": 82795,
      "increaseDecreaseInAccountsPayableAndAccruedLiabilities": -47737,
      "increaseDecreaseInAccountsPayableToRelatedParties": 202557,
      "increaseDecreaseInCustomerDeposits": -113139,
      "netCashProvidedByUsedInOperatingActivities": -1837966,
      "purchaseOfPropertyPlantAndEquipment": -123162,
      "netCashUsedInInvestingActivities": -123162,
      "netIncreaseDecreaseInCash": -1961128,
      "cashBeginningOfPeriod": 3142898,
      "cashEndOfPeriod": 1181770
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Biological Assets",
        "description": "Cannabis plants undergoing biological transformation, measured at fair value less costs to sell",
        "ownershipPercentage": null,
        "value": 525108,
        "notes": "Level 3 fair value. Comprised of 10,599 plants, 59% complete, expected yield 1,312 kg. Key inputs: expected selling price $1.46/gram, post-harvest cost $0.60/gram."
      },
      {
        "type": "Right-of-Use Assets",
        "description": "Leased greenhouse and nursery facilities from related parties",
        "ownershipPercentage": null,
        "value": 7241592,
        "notes": "Net book value of leased assets. Includes greenhouse from Via Verde Hydroponics Ltd. and nursery from Sunrite Greenhouses Ltd."
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited",
      "issuedShares": 132844525,
      "classesOfShares": ["Common Shares"],
      "warrants": [
        {
          "number": 1183000,
          "exercisePrice": 0.2,
          "expiryDate": "2026-10-27"
        }
      ],
      "options": [
        {
          "number": 4825000,
          "exercisePrice": 0.48,
          "expiryDate": "2028-11-30"
        }
      ],
      "rightsConvertibleInstruments": "Convertible debentures: 3,500 units, $1,000 principal each, convertible at $0.20 per share until maturity (October 27, 2028)."
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "threeMonthsEndedDec312025": {
          "managementAndDirectorsFees": 99250,
          "shareBasedCompensation": 0,
          "total": 99250
        },
        "nineMonthsEndedDec312025": {
          "managementAndDirectorsFees": 297750,
          "shareBasedCompensation": 0,
          "total": 297750
        },
        "threeMonthsEndedDec312024": {
          "managementAndDirectorsFees": 99250,
          "shareBasedCompensation": 0,
          "total": 99250
        },
        "nineMonthsEndedDec312024": {
          "managementAndDirectorsFees": 297750,
          "shareBasedCompensation": 0,
          "total": 297750
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Via Verde Hydroponics Ltd.",
          "description": "General labour, utilities, lease payments accrued, sub-lease income",
          "amount": -112500,
          "period": "Nine months ended December 31, 2025"
        },
        {
          "counterparty": "Sunrite Greenhouses Ltd.",
          "description": "General labour, interest on subordinated debt",
          "amount": 202125,
          "period": "Nine months ended December 31, 2025"
        },
        {
          "counterparty": "Del Fresco Produce Ltd.",
          "description": "Administrative and executive wages",
          "amount": 287526,
          "period": "Nine months ended December 31, 2025"
        },
        {
          "counterparty": "CFO Advantage Inc.",
          "description": "Executive wages",
          "amount": 31500,
          "period": "Nine months ended December 31, 2025"
        }
      ]
    },
    "subsequentEvents": []
  }
]