| Shareholders Equity |
8. SHAREHOLDERS’ EQUITY
Shares Outstanding
The table below details the change in Company shares outstanding by class during the three months ended March 31, 2022:
|
|
Subordinate |
|
|
Super |
|
(in thousands) |
|
Voting Shares |
|
|
Voting Shares |
|
Balance—December 31, 2021 |
|
|
111,806 |
|
|
|
203 |
|
Issuance of vested restricted stock units |
|
|
220 |
|
|
|
- |
|
Balance—March 31, 2022 |
|
|
112,026 |
|
|
|
203 |
|
Warrants
A reconciliation of the beginning and ending balances of warrants outstanding is as follows:
(in thousands) |
|
|
|
Balance—December 31, 2021 |
|
|
93,897 |
|
Balance—March 31, 2022 |
|
|
93,897 |
|
|
8. SHAREHOLDERS’ EQUITY
Shares Outstanding
The table below details the change in Company shares outstanding by class during year ended December 31, 2021:
|
|
Subordinate |
|
|
Super |
|
(in thousands) |
|
Voting Shares |
|
|
Voting Shares |
|
Balance—December 31, 2020 |
|
|
57,617 |
|
|
|
203 |
|
Shares issued in connection with exercise of warrants |
|
|
1,511 |
|
|
|
- |
|
Shares issued in connection with conversion of convertible debentures |
|
|
2,580 |
|
|
|
- |
|
Shares issued in connection with asset acquisition |
|
|
30,641 |
|
|
|
- |
|
Issuance of shares associated with subordinate voting share offering |
|
|
18,000 |
|
|
|
- |
|
Issuance of vested restricted stock units |
|
|
1,290 |
|
|
|
- |
|
Stock issued in connection with exercised of stock options |
|
|
167 |
|
|
|
- |
|
Balance—December 31, 2021 |
|
|
111,806 |
|
|
|
203 |
|
Warrants
A reconciliation of the beginning and ending balances 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 issued in conjunction with subordinate voting share offering |
|
|
9,000 |
|
Warrants expired |
|
|
(358 |
) |
Warrants converted into subordinate voting shares |
|
|
(1,186 |
) |
Balance—December 31, 2021 |
|
|
101,517 |
|
______________
(1) Excludes 389 warrants issuable should underwriter options be exercised.
|