|
Shares Outstanding
The table below details the
change in Company shares outstanding by class during the quarter ended March 31, 2021:
| (in thousands) |
|
Subordinate Voting Shares |
|
|
Super Voting Shares |
|
| Balance—December 31, 2020 |
|
|
57,617 |
|
|
|
203 |
|
| Shares issued in connection with exercise of warrants |
|
|
1,324 |
|
|
|
- |
|
| Shares issued in connection with conversion of convertible debentures |
|
|
1,390 |
|
|
|
- |
|
| Shares issued in connection with asset acquisition |
|
|
22,644 |
|
|
|
- |
|
| Issuance of vested restricted stock units |
|
|
246 |
|
|
|
- |
|
| Balance—March 31, 2021 |
|
|
83,221 |
|
|
|
203 |
|
Warrants
A reconciliation of the beginning
and ending balance of warrants outstanding is as follows:
| (in thousands) |
|
|
|
| Balance—December 31, 2020 |
|
|
93,898 |
|
| Warrants issued in conjunction with broker option exercise(1) |
|
|
163 |
|
| Warrants converted into subordinate voting shares |
|
|
(1,000 |
) |
| Balance—March 31, 2021 |
|
|
93,061 |
|
_____________
(1) Excluding 390 warrants issuable should underwriter
options be exercised.
|