Mig Report - May 2021: by the Numbers

THE

MTORONTO STOCK EXCHANGEi AND TSXG VENTURE EXCHANGE REPORT

MAY 2021 The MiG Report - May 2021: By The Numbers

New Listings* (YTD May 2021) Equity Capital Raised (YTD May 2021) $29.6 billion on TSX and TSXV 190 new listings on TSX (103) and TSXV (87) 105 Companies + 56 ETFs + 24 CPCs + 3 SPACs + 2 Closed-End Funds $77 million - Average financing size on TSX $6.0 million - Average financing size on TSXV

New Listings by Sector and Location New International Listings: YTD May 2021 TSX TSX | TSXV USA, 9 Tilray Inc., Consumer Products & Services, New York, NY ETFs, 56 International, Tantalus Systems Holdings Inc., Clean Technology, Raleigh, NC 10 Mining, 42 - February QT, May graduation CPC/SPAC, 27 Intercure Ltd., Life Sciences, Israel Technology, 16 i-80 Gold Corp., Mining, Reno, NV Life Sciences, 15 Adcore Inc., Technology, Israel 190 Consumer Products & Services, 14 19 New New Clean Tech & Renewable Energy, 10 International Listings TSXV Real Estate, 4 Listings Closed-End Funds, 2 Small Pharma Inc., Life Sciences, UK Industrial Products & Services, 2 K.B. Recycling Industries Ltd., Clean Technology, Israel Comm. & Media, 1 Graphene Manufacturing Group Ltd., Clean Technology, Australia Oil & Gas, 1 Canada, PsyBio Therapeutics Corp., Life Sciences, Coconut Creek, FL 171 ProStar Holdings Inc., Technology, Grand Junction, CO (Continued on page 4)

Listed Companies by HQ Location Equity Capital Raised by Sector As at May 31, 2021 YTD May 2021 TSX | TSXV Latin America, Alberta, 16 Africa, 4 TSX | TSXV Technology, $8.4B Mining, $5.3B 316 Australia/NZ/PNG, British Quebec, Clean Technology & Renewable Energy, $2.6B 21 Columbia 233 Real Estate, $2.2B 989 Consumer Products & Services, $2.0B 231 Life Sciences, $2.0B Other, 24 $29.6B International Financial Services, $1.9B Equity Capital Atlantic Listings 3,351 Raised Comm. & Media, $1.5B Issuers on TSX Canada, 42 Industrial Products & Services, $1.4B and TSXV Asia, 24 Closed-End Funds, $1.2B Prairies, 36 USA, 111 Oil & Gas, $444M UK/Europe, 31 ETFs, $430M CPC/SPAC, $145M Ontario, 1504

*Includes IPOs, CPC/SPAC IPOs, QTs, QAs, RTOs, Graduates and Other. © 2021 TSX Inc. All Rights Reserved. Do not copy, distribute, sell or modify this document without TSX Inc.'s prior written consent. - 1 - What's Going on Generally (YTD/as at May 31, 2021) TSX Venture TSXV Toronto TSX TSXV and TSXV and TSX % Change % Change % Change Exchange Last Year Stock Exchange Last Year TSX Last Year Number of Issuers 1,659 1,648 1% 1,692 1,604 5% 3,351 3,252 3% Market Capitalization (C$ Billions) 100.1 44.7 124% 3,913.3 2,867.5 36% 4,013.4 2,912.1 38% Going Public Activity/New Listings 87 34 156% 103 67 54% 190 101 88% IPOs (ex CPCs/ETFs/CEFs/SPACs) 9 1 800% 20 1 1900% 29 2 1350% CPC/SPAC IPOs 24 13 85% 1 - 100% 25 13 92% ETF & Closed-End Fund IPOs 58 59 -2% 58 59 -2% Qualifying Transactions (QTs) 30 7 329% 30 7 329% Qualifying Acquisitions (QAs) 2 - 100% 2 - 100% TSXV RTOs 5 2 150% 5 2 150% NEX RTOs 2 3 -33% 2 3 -33% Grads 15 6 150% 15 6 150% Other 17 8 113% 7 1 600% 24 9 167% Equity Capital Raised (C$ Millions) 5,317.4 1,579.9 237% 24,319.3 11,821.2 106% 29,636.7 13,401.0 121% Initial Public Offerings 131.5 55.4 137% 5,601.4 3,276.9 71% 5,732.9 3,332.3 72% Public Offerings/Supplementary 1,778.9 475.0 274% 14,726.2 6,647.9 122% 16,505.1 7,123.0 132% Private Placements 3,407.1 1,049.4 225% 3,991.7 1,896.4 110% 7,398.7 2,945.8 151% Number of Financings 883 601 47% 317 215 47% 1,200 816 47%

Volume Traded (Billions of Shares) 37.4 17.8 110% 49.7 53.8 -8% 87.1 71.6 22% Value Traded (C$ Billions) 25.5 5.7 347% 1,092.1 1,008.8 8% 1,117.6 1,014.5 10% # of Trades (Millions) 14.4 3.2 351% 127.9 146.4 -13% 142.3 149.6 -5%

S&P/TSX/TSXV Composite Indices 968.6 553.8 75% 19,731.0 15,192.8 30%

Comparison of Major Index Performance -- YTD May 2021 (Source: S&P Capital IQ)

© 2021 TSX Inc. All Rights Reserved. Do not copy, distribute, sell or modify this document without TSX Inc.'s prior written consent. - 2 - What's Listed on TSX and TSX Venture Exchange (As at May 31, 2021) TSX Venture Exchange Toronto Stock Exchange TSXV and TSX Sector Listed Issuers Total Market Cap Listed Issuers Total Market Cap Listed Issuers Total Market Cap ($ millions) ($ millions) ($ millions) Clean Technology & Renewable Energy 50 3% 4,145 4% 35 2% 81,215 2% 85 3% 85,361 2% Closed-End Funds 82 5% 30,068 1% 82 2% 30,068 1% Comm. & Media 11 1% 1,548 2% 21 1% 220,621 6% 32 1% 222,169 6% Consumer Products & Services 43 3% 2,463 2% 74 4% 282,757 7% 117 3% 285,221 7% CPC/SPAC 130 8% 206 0.2% 3 0.2% 658 0.02% 133 4% 864 0.02% ETFs 826 49% 288,177 7% 826 25% 288,177 7% Financial Services 48 3% 6,836 7% 71 4% 1,017,800 26% 119 4% 1,024,635 26% Industrial Products & Services 41 2% 1,594 2% 119 7% 458,790 12% 160 5% 460,384 11% Life Sciences 97 6% 5,671 6% 61 4% 47,913 1% 158 5% 53,583 1% Mining 962 58% 53,471 53% 202 12% 532,028 14% 1,164 35% 585,499 15% Oil & Gas 82 5% 4,938 5% 57 3% 204,483 5% 139 4% 209,421 5% Real Estate 31 2% 2,974 3% 59 3% 117,365 3% 90 3% 120,340 3% Technology 162 10% 16,099 16% 64 4% 341,109 9% 226 7% 357,208 9% Utilities & Pipelines 2 0.1% 119 0.1% 18 1% 290,333 7% 20 1% 290,452 7% TOTAL 1,659 100% 100,065 100% 1,692 100% 3,913,318 100% 3,351 100% 4,013,383 100% Region British Columbia 843 51% 43,978 44% 146 9% 275,116 7% 989 30% 319,094 8% Alberta 170 10% 6,560 7% 146 9% 556,708 14% 316 9% 563,267 14% Prairies 19 1% 621 1% 17 1% 118,170 3% 36 1% 118,792 3% Ontario 369 22% 25,347 25% 1,135 67% 2,099,878 54% 1,504 45% 2,125,225 53% Quebec 101 6% 7,682 8% 132 8% 533,795 14% 233 7% 541,477 13% Atlantic Canada 23 1% 981 1% 19 1% 61,340 2% 42 1% 62,321 2% International 134 8% 14,896 15% 97 6% 268,311 7% 231 7% 283,207 7% International Breakdown: USA 63 47% 4,486 30% 48 49% 175,611 65% 111 48% 180,097 64% Africa 2 1% 915 6% 2 2% 505 0% 4 2% 1,420 1% Asia 15 11% 361 2% 9 9% 3,361 1% 24 10% 3,722 1% Australia/NZ/PNG 13 10% 1,093 7% 8 8% 32,300 12% 21 9% 33,392 12% Latin America 8 6% 1,382 9% 8 8% 5,240 2.0% 16 7% 6,623 2.3% UK/Europe 18 13% 5,598 38% 13 13% 7,220 3% 31 13% 12,818 5% Other 15 11% 1,061 7% 9 9% 44,073 16% 24 10% 45,134 16% TOTAL 1,659 100% 100,065 100% 1,692 100% 3,913,318 100% 3,351 100% 4,013,383 100%

Volume Traded YTD May 2021 on TSXV by Sector (Billions of Shares) Volume Traded YTD May 2021 on TSX by Sector (Billions of Shares)

17.8 12.0

7.9 6.2 7.7 5.1 3.6 4.4 3.1 2.8 2.2 2.0 2.1 1.6 1.5 1.3 1.6 1.2 1.2 0.8 0.5 0.3 0.02

Mining Technology Life Clean Oil & Gas Consumer Financial Industrial Other Sciences Technology Products Services Products

*Other includes Comm. & Media, CPCs, Real Estate and Utilities & Pipelines. Click here for our Daily Trading Reports. © 2021 TSX Inc. All Rights Reserved. Do not copy, distribute, sell or modify this document without TSX Inc.'s prior written consent. - 3 - What's New on TSX and TSX Venture Exchange (YTD May 2021) TSXV and TSX YTD May 2021 YTD May 2020 Sector Canada US Int'l Total Canada US Int'l Total New International Listings (continued from page 1) Clean Tech & Renewable Energy 6 2 2 10 - - - - Closed-End Funds 2 - - 2 1 - - 1 TSX Comm. & Media 1 - - 1 - - - - Subversive Acquisition LP, SPAC, New York, NY Consumer Products & Services 13 1 - 14 1 - - 1 HempFusion Wellness Inc., Life Sciences, Sebastopol, CA CPC/SPAC 25 1 1 27 13 - - 13 ETFs 56 - - 56 58 - - 58 TSXV Financial Services - - - - 1 - 1 2 Skylight Health Group Inc., Life Sciences, Fall River, MA Industrial Products & Services 2 - - 2 1 1 - 2 Life Sciences 10 3 2 15 5 - - 5 Topicus.com Inc., Technology, Netherlands Mining 39 1 2 42 11 - - 11 Adyton Resources Corporation, Mining, Australia Oil & Gas 1 - - 1 - - - - Battery Mineral Resources Corp., Mining, Australia Real Estate 4 - - 4 2 - - 2 Banxa Holdings Inc., Technology, Australia Technology 12 1 3 16 5 1 - 6 Compass Venture Inc., CPC, Singapore Utilities & Pipelines ------Total 171 9 10 190 98 2 1 101 TSX Venture Exchange Going Public Activity IPOs QTs RTOs Other YTD May 2021 YTD May 2020 YTD May 2021 YTD May 2021 YTD May 2021 YTD May 2021 Sector Canada US Int'l Total Canada US Int'l Total Canada US Int'l Total Canada US Int'l Total Canada US Int'l Total Canada US Int'l Total Clean Tech & Renewable Energy - 1 2 3 - - - - 1 1 1 1 2 - - Closed-End Funds Comm. & Media ------Consumer Products & Services 8 - - 8 - - - - - 5 5 1 1 2 2 CPC 23 - 1 24 13 - - 13 23 1 24 - - - ETFs Financial Services - - - - 1 - 1 2 - - - - Industrial Products & Services 1 - - 1 - - - - - 1 1 - - Life Sciences 6 2 1 9 3 - - 3 1 1 4 1 1 6 - 1 1 2 Mining 33 - 2 35 9 - - 9 6 6 11 2 13 5 5 11 11 Oil & Gas 1 - - 1 ------1 1 Real Estate 3 - - 3 2 - - 2 1 1 2 2 - - Technology - 1 2 3 4 1 - 5 - 1 1 1 1 1 1 Utilities & Pipelines ------Total 75 4 8 87 32 1 1 34 31 - 2 33 23 2 5 30 6 1 - 7 15 1 1 17 Toronto Stock Exchange Going Public Activity IPO Graduates QAs Other YTD May 2021 YTD May 2020 YTD May 2021 YTD May 2021 YTD May 2021 YTD May 2021 Sector Canada US Int'l Total Canada US Int'l Total Canada US Int'l Total Canada US Int'l Total Canada US Int'l Total Canada US Int'l Total Clean Tech & Renewable Energy 6 1 - 7 - - - - 2 2 2 1 3 1 1 1 1 Closed-End Funds 2 - - 2 1 - - 1 2 2 - - - Comm. & Media 1 - - 1 - - - - 1 1 - - - Consumer Products & Services 5 1 - 6 1 - - 1 3 3 2 2 - 1 1 SPAC 2 1 - 3 - - - - 1 1 - - 1 1 2 ETFs 56 - - 56 58 - - 58 56 56 - - - Financial Services ------Industrial Products & Services 1 - - 1 1 1 - 2 1 1 - - - Life Sciences 4 1 1 6 2 - - 2 4 1 5 - 1 1 - Mining 6 1 - 7 2 - - 2 1 1 3 3 - 2 1 3 Oil & Gas ------Real Estate 1 - - 1 - - - - - 1 1 - - Technology 12 - 1 13 1 - - 1 7 7 5 1 6 - - Utilities & Pipelines ------Total 96 5 2 103 66 1 - 67 78 1 - 79 13 1 1 15 1 - 1 2 4 3 - 7

© 2021 TSX Inc. All Rights Reserved. Do not copy, distribute, sell or modify this document without TSX Inc.'s prior written consent. - 4 - What's Financed on TSX and TSX Venture Exchange by Sector (YTD May 2021)

TSX Venture Exchange (C$ Millions) Toronto Stock Exchange (C$ Millions) TSXV and TSX (C$ Millions)

Sector IPO PO PP Total IPO PO* PP Total IPO PO PP Total Clean Technology & Renewable Energy 1.8 159.0 87.4 248.3 200.1 2,026.0 175.1 2,401.2 201.9 2,185.0 262.5 2,649.4 Closed-End Funds 579.6 624.0 - 1,203.6 579.6 624.0 - 1,203.6 Comm. & Media - 11.5 - 11.5 170.1 1,300.5 14.71 1,485.3 170.1 1,312.0 14.7 1,496.8 Consumer Products & Services - 54.1 118.8 172.8 930.0 94.5 822.0 1,846.5 930.0 148.6 940.8 2,019.4 CPC/SPAC 15.3 - 2.4 17.7 126.9 - - 126.9 142.1 - 2.4 144.5 ETFs 208.2 222.0 - 430.2 208.2 222.0 - 430.2 Financial Services - 20.1 30.1 50.2 - 1,803.6 68.9 1,872.5 - 1,823.7 98.9 1,922.7 Industrial Products & Services - 58.0 39.3 97.3 110.0 636.8 527.3 1,274.2 110.0 694.8 566.6 1,371.4 Life Sciences 37.1 340.7 138.2 516.0 656.4 568.5 253.4 1,478.3 693.4 909.2 391.5 1,994.2 Mining 44.9 632.7 2,157.0 2,834.6 301.4 1,458.4 724.5 2,484.3 346.4 2,091.1 2,881.5 5,319.0 Oil & Gas - 83.9 136.9 220.8 - 223.4 - 223.4 - 307.3 136.9 444.2 Real Estate 32.4 9.6 152.4 194.4 - 1,418.6 602.0 2,020.6 32.4 1,428.1 754.4 2,215.0 Technology - 409.3 544.6 953.9 2,318.7 4,349.9 803.8 7,472.4 2,318.7 4,759.2 1,348.4 8,426.3 Utilities & Pipelines ------TOTAL 131.5 1,778.9 3,407.1 5,317.4 5,601.4 14,726.2 3,991.7 24,319.3 5,732.9 16,505.1 7,398.7 29,636.7

Top 10 Financings in May 2021

TSXV Top 10 Financings TSX Top 10 Financings 1. Artemis Gold Inc., Mining - $115M Public Offering 1. dentalcorp Holdings Ltd., Consumer Products & Services - $700M Initial Public Offering 2. Small Pharma Inc., Life Sciences - $58M Private Placement 2. Triple Flag Precious Metals Corp., Mining - $301M Initial Public Offering 3. Neptune Digital Assets Corp., Technology - $40M Private Placement 3. Dream Industrial Real Estate Investment Trust, Real Estate - $288M Public Offering 4. Bitfarms Ltd., Technology - $40M Private Placement 4. Neighbourly Pharmacy Inc., Consumer Products & Services - $175M Initial Public Offering 5. Prime Mining Corp., Mining - $29M Private Placement 5. Sustainable Power & Infrastructure Split Corp., Closed-End Funds - $150M Initial Public Offering 6. Euro Manganese Inc., Mining - $29M Private Placement 6. Magnet Forensics Inc., Technology - $115M Initial Public Offering 7. Uranium Royalty Corp., Mining - $25M Public Offering 7. Killam Apartment Real Estate Investment Trust, Real Estate - $109M Public Offering 8. Cryptostar Corp., Technology - $25M Private Placement 8. Crombie Real Estate Investment Trust, Real Estate - $100M Private Placement/Public Offering 9. High Tide Inc., Consumer Products & Services - $23M Public Offering 9. Doman Building Materials Group Ltd., Industrial Products & Services - $86M Public Offering 10. kneat.com, inc., Technology - $22M Public Offering/Private Placement 10. Uranium Participation Corporation, Financial Services - $81M Public Offering

*Includes supplementary & secondary offerings © 2021 TSX Inc. All Rights Reserved. Do not copy, distribute, sell or modify this document without TSX Inc.'s prior written consent. - 5 - What's Happening by Sector (YTD May 2021) TSXV TSX TSXV and TSX TSXV TSX TSXV and TSX Clean Technology & Renewable Energy Mining Number of Issuers 50 35 85 Number of Issuers 962 202 1,164 Market Capitalization (C$) 4,145,166,841 81,215,416,890 85,360,583,731 Market Capitalization (C$) 53,471,046,254 532,027,901,285 585,498,947,539 New Listings 3 7 10 New Listings 35 7 42 Equity Capital Raised (C$) 248,254,747 2,401,179,377 2,649,434,124 Equity Capital Raised (C$) 2,834,622,149 2,484,339,982 5,318,962,131 Number of Financings 26 9 35 Number of Financings 597 83 680 Volume Traded 2,063,089,684 1,642,983,049 870,351 Volume Traded 17,824,529,781 12,009,648,980 29,834,178,761 Value Traded (C$) 1,796,923,528 32,833,582,881 34,630,506,408 Value Traded (C$) 8,730,094,086 117,388,121,596 126,118,215,681 # of Trades 1,140,865 6,965,787 8,106,652 # of Trades 5,133,279 26,563,549 31,696,828 Life Sciences Oil and Gas Number of Issuers 97 61 158 Number of Issuers 82 57 139 Market Capitalization (C$) 5,670,609,482 47,912,818,737 53,583,428,218 Market Capitalization (C$) 4,938,400,146 204,483,013,860 209,421,414,007 New Listings 9 6 15 New Listings 1 - 1 Equity Capital Raised (C$) 515,954,435 1,478,257,917 1,994,212,352 Equity Capital Raised (C$) 220,789,229 223,432,900 444,222,129 Number of Financings 46 36 82 Number of Financings 25 3 28 Volume Traded 4,449,928,048 6,175,824,353 10,625,752,401 Volume Traded 1,622,963,848 7,935,837,705 9,558,801,553 Value Traded (C$) 2,195,877,918 34,720,588,580 36,916,466,498 Value Traded (C$) 1,003,230,540 86,338,352,305 87,341,582,845 # of Trades 1,488,272 10,591,249 12,079,521 # of Trades 437,804 14,166,814 14,604,618 Technology Energy Services* Number of Issuers 162 64 226 Number of Issuers 15 34 49 Market Capitalization (C$) 16,099,474,891 341,108,952,013 357,208,426,904 Market Capitalization (C$) 636,723,003 21,139,692,016 21,776,415,019 New Listings 3 13 16 New Listings - - - Equity Capital Raised (C$) 953,944,169 7,472,399,089 8,426,343,258 Equity Capital Raised (C$) 643,176 3,263,625 3,906,801 Number of Financings 104 23 127 Number of Financings 2 2 4 Volume Traded 7,748,891,022 2,239,656,575 9,988,547,597 Volume Traded 218,590,268 955,520,356 1,174,110,624 Value Traded (C$) 9,718,096,763 81,441,450,660 91,159,547,423 Value Traded (C$) 76,586,471 6,224,372,049 6,300,958,520 # of Trades 5,036,588 8,857,933 13,894,521 # of Trades 36,011 2,019,447 2,055,458 Utilities & Pipelines TSXV TSX Number of Issuers 2 18 20 Capital Pool Companies (CPCs) Market Capitalization (C$) 119,307,435 290,332,719,292 290,452,026,727 Number of Issuers 130 New Listings - - - Market Capitalization (C$) 205,829,681 Equity Capital Raised (C$) - - - New Listings 24 Number of Financings - - - Special Purpose Acquisition Companies (SPACs) Volume Traded 3,460,591 2,789,832,518 2,793,293,109 Number of Issuers 3 Value Traded (C$) 6,783,352 114,074,828,236 114,081,611,588 Market Capitalization (C$) 658,200,000 # of Trades 1,788 7,783,626 7,785,414 New Listings 3 Exchange-Traded Products (ETFs) Number of Issuers 826 Market Capitalization (C$) 288,177,015,489 New Listings 56 Closed-End Funds (CEFs) Number of Issuers 82 Market Capitalization (C$) 30,067,937,522 New Listings 2 *Energy Services is a subsector, composed of issuers from other sectors. © 2021 TSX Inc. All Rights Reserved. Do not copy, distribute, sell or modify this document without TSX Inc.'s prior written consent. - 6 - What's Happening by Sector (YTD May 2021) Diversified Industries Sectors TSXV TSX TSXV and TSX TSXV TSX TSXV and TSX Consumer Products & Services Industrial Products & Services Number of Issuers 43 74 117 Number of Issuers 41 119 160 Market Capitalization (C$) 2,463,229,832 282,757,415,786 285,220,645,618 Market Capitalization (C$) 1,594,095,295 458,789,875,076 460,383,970,371 New Listings 8 6 14 New Listings 1 1 2 Equity Capital Raised (C$) 172,845,438 1,846,518,662 2,019,364,100 Equity Capital Raised (C$) 97,262,140 1,274,168,186 1,371,430,326 Number of Financings 22 9 31 Number of Financings 13 13 26 Volume Traded 1,201,948,086 2,049,875,835 3,251,823,921 Volume Traded 834,690,485 3,599,962,757 4,434,653,242 Value Traded (C$) 647,012,771 67,661,057,308 68,308,070,079 Value Traded (C$) 860,396,695 103,487,048,539 104,347,445,234 # of Trades 465,543 8,716,215 9,181,758 # of Trades 379,699 11,157,509 11,537,208 Communications & Media Real Estate Number of Issuers 11 21 32 Number of Issuers 31 59 90 Market Capitalization (C$) 1,547,637,375 220,621,461,081 222,169,098,456 Market Capitalization (C$) 2,974,480,297 117,365,124,014 120,339,604,310 New Listings - 1 1 New Listings 3 1 4 Equity Capital Raised (C$) 11,500,037 1,485,267,075 1,496,767,112 Equity Capital Raised (C$) 194,392,298 2,020,576,120 2,214,968,418 Number of Financings 1 3 4 Number of Financings 10 14 24 Volume Traded 368,866,933 1,514,546,608 1,883,413,541 Volume Traded 86,475,964 1,253,290,597 1,339,766,561 Value Traded (C$) 152,435,601 57,598,032,209 57,750,467,810 Value Traded (C$) 148,543,163 24,211,353,224 24,359,896,386 # of Trades 80,068 4,596,347 4,676,415 # of Trades 48,153 5,115,888 5,164,041 Financial Services Number of Issuers 48 71 119 Market Capitalization (C$) 6,835,531,660 1,017,799,871,600 1,024,635,403,261 New Listings - - - Equity Capital Raised (C$) 50,178,600 1,872,475,850 1,922,654,450 Number of Financings 8 10 18 Volume Traded 1,159,330,178 5,080,135,110 6,239,465,288 Value Traded (C$) 267,922,105 298,397,694,981 298,665,617,086 # of Trades 167,907 14,878,002 15,045,909

© 2021 TSX Inc. All Rights Reserved. Do not copy, distribute, sell or modify this document without TSX Inc.'s prior written consent. - 7 - For more information: LISTINGS STATISTICS @tsx_tsxv tsx.com/mig CHERYL MASCARENHAS Manager, Market Intelligence T 1 416 947-4774 E [email protected]

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