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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION [In thousands of dollars] As at November 30, 2020 As at November 30, 2019 As at December 1, 2018

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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION [In thousands of dollars] As at November 30, 2020 As at November 30, 2019 As at December 1, 2018 $ (Restated, note 2) (Restated, note 2) $ $ ASSETS Current assets Cash and cash equivalents Accounts receivable Income taxes receivable Inventories 73,928 24,701 7,408 156,908 137,589 138,767 1,336 287,344 275,154 270,275 Prepaid expenses 4,522 6,565 3,394 522,702 445,345 419,844 Non-current assets Property, plant and equipment 4 40,920 41,309 41,725 Intangible assets 5 42,243 35,383 29,340 Right-of-use assets 2 73,076 63,642 53,853 Goodwill 5 85,197 80,164 71,984 Deferred taxes 9 6,918 6,303 6,836 771,056 672,146 623,582 LIABILITIES AND EQUITY Current liabilities Accounts payable and accrued liabilities 120,193 90,140 88,359 Income taxes payable 4,031 119 Current portion of long-term debt 7 3,592 5,659 2,023 Current portion of lease obligations 2 17,478 14,079 12,466 145,294 109,878 102,967 Non-current liabilities Long-term debt 7 2,200 Lease obligations 2 60,457 53,274 43,682 Deferred taxes Other liabilities Equity Share capital Contributed surplus 9 6,842 5,553 3,289 1,808 1,820 1,843 216,601 170,525 151,781 8 48,522 42,190 41,398 8 6,280 5,700 4,122 Retained earnings 480,808 431,313 403,760 Accumulated other comprehensive income 11 15,484 19,181 19,313 Equity attributable to shareholders of the Corporation 551,094 498,384 468,593 Non-controlling interests 3,361 3,237 3,208 554,455 501,621 471,801 771,056 672,146 623,582 Commitments and contingencies [note 10] See accompanying notes to the consolidated financial statements. On behalf of the Board of Directors: Mathieu. Jaun Richard Lord Director Mathieu Gauvin Director

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