b'CANGAS|DARREN TOCHERCanGas Propane2021 another year of uncertainty,our customers who are now facing addedof POGO Propane Ltd. in the BC interior to continuing challenges, and change!! Yetfinancial burden to run their businesses andend the year in September. we had another successful year!!I amheat their homes.Year three is now in the books, we have extremely proud to be surrounded by suchCanGass plan to focus on putting all theadded four more distribution facilities a professional and dedicated team that keeppieces together in 2020-21 was interruptedowned by CanGas and our partners. Our the wheels turning! by a large demand of new customers,focus over the next two years will be all CanGas began the year with a great dealexisting customers coming back online andabout stabilization we have grown at an of optimism. That optimism was quicklya couple of M&A opportunities that cameexhilarating pace, and it is now time to challenged as the third wave of Covid-19our way. CanGas finalized a partnershipwork on strengthening efficiencies and began, the weather derailed any grainagreement with CT gas in Prince George B.C,perfecting processes. drying volume that would have been andwe entered a 50/50 partnership with Little warmer than normal fall weather hamperedRed River Cree Nation and opened Caribou sales targets in all lines of business. ThroughMountain Propane located in Northern all the challenges our dedicated teamAlberta which began operations onremained strong and focused providing theApril 1. CanGas completed the purchaseDARREN TOCHERoutstanding service our customers expectof the remaining propane assets and once again demonstrating why CanGas iscustomers from Pure Heat in Fort St. John in THE CLEAR CHOICE for propane supplyAugust. CanGas completed the acquisition646,895 deliveries madeand related services. 1 ,944,842 km driven Winter came with record high temperatures that persisted throughout only giving us a couple weeks of cold temperatures in February. We found ourselves down considerably from our forecasted targets, yet we were exceeding the previous years volumes. Our expenses were being managed well by the entire team and CanGas continued to remain profitable.In July, the export of propane in massive volumes overseas with US inventories shrinking began to result in domestic price increases. These increases continued until year end which resulted in record levels with no end in sight. The record high commodity price has put a great deal of pressure on PIC GROUP 2021 ANNUAL PROFILE 21'