Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 202016 8 INVESTMENT SUMMARY The reason PIC Investment Group Inc. negotiates and participates in minority investments is to facilitate entrepreneurship and help existing businesses grow. PIC assesses risk and makes investment decisions based on the criteria listed on our website. Our intention is always to maximize our return both long-term or short-term by bringing some expertise to the business. Our underlying motive is a belief that a strong and vibrant economy is constructed by growing one business at a time. The PIC minority investment portfolio grew this past year with two new innovative early stage companies receiving investment: Curatio and Ecobain Gardens. Both companies have strong and capable founders and we look forward to assisting them in their future growth strategies. PIC also provided support through follow-on investments to four companies in the minority portfolio. The Westcap MBO Investment LP saw increased activity as it closed its second investment in H.J.R. Asphalt, a long- standing Saskatchewan highway construction company and a market leader as one of the provinces’ largest paving companies. Finally, the decision to add bench strength to the PIC Team has already paid off significantly through increased deal flow from the addition of the newest member of our team, Terris Chorney, Executive VP of Opportunity Procurement. ABK BIOMEDICAL INC. Dr. Bob Abraham 1344 Summer Street, Suite 212 Halifax, NS B3H 0A8 ABK Biomedical Incorporated is a medical device company developing products to simplify clinical procedures performed by interventional radiologists. The company’s lead product, OccluSystem is focused on in uterine fibroid embolization (UFE). OccluSystem delivers novel radiopaque embolic agent with improved visibility during embolization for improved safety and ease of use. ADVANTAGE TOWER LTD. Allison Earl Box 26, #2 Alberta Ave. Aldersyde, AB T0L 0A0 Advantage Tower Ltd. has over a decade of experience as an industry leading expert specializing in engineering services and turnkey construction, erection of towers and installation of antennas. The corporate vision is bold yet straightforward—to be recognized as the caring expert in the tower and wireless industry. Advantage Tower is committed to excellence, providing safe and meaningful solutions that enable people to connect… because we all care. PIC_AnnualReport_Final-Alternate_2.indd 8 2016-12-01 8:41 AM