The consolidated statements of cash flows and related note disclosure for Big Rock Brewery Inc. are in Exhibits 5.22A and 5.22B.

Current Attempt in Progress The consolidated statements of cash flows and related note disclosure for Big Rock Brewery Inc. are in Exhibits 5.22A and 5.22B. EXHIBIT 5.22A Big Rock Brewery Inc.'s 2016 Consolidated Statements of Cash Flows Consolidated Statements of Cash Flows (in thousands of Canadian dollars) Year ended December 30 Note 2016 2015 $ (453) $ (1,075) OPERATING ACTIVITIES Net loss for the year Items not affecting cash: Depreciation and amortization 2,559 2,388 continued Year ended December 30 Note 2016 (65) 385 2015 (111) 90 Gain on sale of assets Share-based compensation Lease incentive Deferred income tax expense (recovery) 5 181 233 (151) Note 2016 (65) 385 2015 (111) 90 5 181 233 26 879 3,543 (151) 781 2,103 1,596 2,112 1,247 3,889 (1,375) 3,761 3,708 Gain on sale of assets Share-based compensation Lease incentive Deferred income tax expense (recovery) Net change in non-cash working capital related to operations Cash provided by operating activities FINANCING ACTIVITIES Increase in bank indebtedness Proceeds from long-term debt Dividend payments Cash provided by financing activities INVESTING ACTIVITIES Purchase of property, plant and equipment Purchase of intangibles Proceeds from sale of equipment Cash used in investing activities Net decrease in cash Cash, beginning of year Cash, end of year Supplemental cash-flow information Cash interest paid Cash taxes paid (7,691) (36) 143 (6,643) (325) 160 (7,584) (333) 540 $ 207 (6,808) (944) 1,484 $ 540 $ 357 $ 181 241 57 EXHIBIT 5.22B Excerpt from Big Rock Brewery Inc.'s 2016 Annual Report 26. Change in non-cash working capital Accounts payable and accrued liabilities Current income taxes Inventory Accounts receivable Prepaid expenses Total change in non-cash working capital Year ended December 30 2016 2015 $ 67 $ 287 (51) 2,296 (209) (1,092) 927 (748) 145 38 $ 879 $ 781 In total, how much did Big Rock's cash and cash equivalents change during 2016? Was this an increase or a decrease? (Enter amounts in thousands.) In 2016, Big Rock's cash and cash equivalents + by $ How did this compare with the previous year? (Enter amounts in thousands.) In 2015, the company's cash and cash equivalents by $ e Textbook and Media How did Big Rock's net income in 2016 compare with the cash flows from operating activities? (Enter amounts in thousands.) In 2016. Big Rock had a of $ For the same period cash flows from operating activities were a amount of $ What was the largest difference between these two amounts? (Enter amounts in thousands.) The largest difference between these two was $ of . e Textbook and Media What effect did the change in the company's accounts receivable have on cash flows from operating activities in 2016? (Enter amounts in thousands.) The balance in accounts receivable 4 by $ , resulting in an What does this tell you about the balance owed by the company's customers? The balance owed by the company's customers A in 2016. eTextbook and Media Calculate Big Rock's net free cash flow for 2016 and 2015. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000). Enter amounts in thousands.) 2016 2015 Net free cash flow $ ta ta Is the trend positive or negative? eTextbook and Media