19 unchanged sentences
Currency Risk
−Removed: As at December 31, 2024, a portion of the Company’s financial assets and liabilities held in Canadian dollars consist of cash of $- (2023 - $65,203).
+Added: As at December 31, 2025, none of the Company’s financial assets and liabilities were held in foreign currencies (2024 - $nil).
The Company’s objective in managing its foreign currency risk is to minimize its net exposure to foreign currency cash flows by transacting, to the greatest extent possible, with third parties in the functional currency.
The Company does not currently use foreign exchange contracts to hedge its exposure of its foreign currency cash flows as management has determined that this risk is not significant at this point in time.
−Removed: The Company’s exposure to a 10% change in the foreign exchange conversion rate at December 31, 2024 equals $- (2023 - $6,250).
+Added: The Company’s exposure to a 10% change in the foreign exchange conversion rate at December 31, 2025 equals $nil (2024 - $nil).
Liquidity Risk
3 unchanged sentences
As of December 31, 2025, the Company’s financial liabilities consist of accounts payable, accrued liabilities, obligations under operating leases and taxes.
−Removed: As of December 31, 2024, we had working capital of $28,951,955 (2023 - $32,021,292) and anticipate that revenue from operations will provide sufficient funds to cover all our operating expenditures for the next 12 months and available cash on hand will be sufficient to fund any and all capital expenditure requirements for the build-out of operations in the State of Florida and carry out other corporate initiatives over the next 12 months.
−Removed: Further expansion of our cultivation facilities, production and manufacturing facilities and retail distribution facilities may require us to raise additional capital from outside sources.
−Removed: We will consider financing alternatives while contemplating minimal shareholder dilution.
+Added: As of December 31, 2025, we had working capital of $17,996,091 (2024 - $28,951,955) and anticipate that revenue from operations will provide sufficient funds to cover all our operating expenditures for the next 12 months and available cash on hand will be sufficient to fund any and all capital expenditure requirements for any remaining build-out of operations in the State of Florida and carry out other corporate initiatives over the next 12 months.
The Company manages liquidity risk by reviewing its capital requirements on an ongoing basis.
19 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.