Secretary-Treasurer

April 2026 Secretary-Treasurer Report

Boozhoo White Earth Nation,
As this Spring begins, I’m sharing key updates that benefit Tribal members both on and off the reservation. This update also covers March achievements that show our commitment to transparency, financial stability, and community well-being.

• I had the pleasure of attending the Minnesota Department of Human Services Consultation. The Topic of discussion was Active Grants and Medicaid discussion.

• Tribal leaders and staff met with the United States Fish and Wildlife Services at the Tamarac Wildlife Refuse building. Topics of this meeting were Negotiation of the Annual Funding Agreement and timelines for the Co-Stewardship.

• Tribal leaders reviewed the Strategic Report from Blue Stone Group.

• Tribal leaders meet every Friday via zoom to discuss topics at the Minnesota Chippewa Tribe level.

• Tribal leaders had a great discussion with the Property Management group Optima, addressing needs of our Elders and membership in tribal housing.

• Tribal leaders attended the monthly Circle of Life Academy meeting addressing school attendance and issues that they face with funding.

• Tribal leaders and staff attended the annual Minnesota Chippewa Tribe Legislative dinner in St.Paul, Minn. All 11 nations were invited to this event; there was good discussion with Minnesota State Legislatures.

• I attended the annual Native American Science and Engineering Fair in Pine Point; I was also asked to judge the competition projects. This was a great event for all local schools.

• I attended the Waubun School annual PowWow and enjoyed all the dancers and drum groups and students that attended.

• I attended the Elder Bingo and Easter Bingo for the children’s events in the Urban area, where I enjoyed visiting and had good conversations with our
  Elders. It was a great event and miigwech to the Urban Community Council staff for holding these events.

• Tribal leaders and staff attended the White Earth Public Health Accreditation Ceremony at the Shooting Star Convention Center. District 3 Rep. Laura Lee Erickson did the opening and I did the closing. District 1 Rep. Henry Fox made a great statement about the accomplishment. This was a great honor for the Public Health Division and staff. Our Public Health Accreditation is the first tribe in Minnesota to receive this accreditation and only a few tribes in the United States. I would like to say Miigwech and congratulations.

• Tribal leaders attended and wished one of our long-time employees in Head Start a happy and well-deserved retirement. Leah Hvezda retired with 40+
  years of service with the Rice Lake Community Head Start Program. Congratulations Leah and enjoy your retirement.

Waabigwan Mashkiki first Quarter Report
Consolidated revenue for Mahnomen, Moorhead, St. Cloud, Wholesale Sales, and all other sources of revenue for the 1st Fiscal Quarter of FY2026, ending Dec. 31, 2025, was $7.1 million. The consolidated total expenses for the Quarter were
$4.4 million. Consolidated net income for the quarter was $2.7 million. Compared to the 1st Fiscal Quarter of FY2025, ending Dec. 31, 2024, revenue increased
$4.9 million or 223% from $2.2 million. The primary driver of the variance was due to the expansion of retail operations with the opening of the Moorhead and St. Cloud dispensaries, which drove substantially higher retail cannabis sales, along with the launch of distillate and concentrates sales.

The consolidated expenses increased $2.8 million or 175% from $1.6 million. The primary driver of the variance was due to higher cost of goods sold from the increased sales volume, as well as elevated payroll, manufacturing, and other operating expenses associated with the expanded dispensary locations
and manufacturing activities. Net income increased $2.1 million from $0.6 million.

Compared to the 4th Fiscal Quarter of FY2025, ending Sept. 30, 2025, revenue decreased $0.1 million or 1.4% from $7.2 million. The primary driver of the variance was due to a decrease in retail cannabis sales, partially offset by increases in distillate and concentrates sales and wholesale cannabis sales. The
consolidated expenses decreased $0.4 million or 8.3% from $4.8 million. The primary driver of the variance was due to lower cost of goods sold for distillate and concentrates and reduced outside services expenses. Net income increased $0.3 million from $2.4 million.

The unaudited preliminary numbers are subject to change as the numbers are finalized.

The total employees as of this quarter is 123 and range from Cultivation Technician, Dispensary Technician, Post Harvest Technician, Security, Extraction Lab, Kitchen, Custodian, and Maintenance. These employees are at Mahnomen,
Moorhead, and St. Cloud.

I would like to wish everyone a very Happy Spring and welcome the Pow-Wow Season, and I would like to thank everyone for the successful beginning to this year that this Nation has had and look forward to continuing that success throughout 2026. Together we can do great things for this Nation
moving forward.

I want to thank the membership for entrusting me as your Secretary-Treasurer. Enjoy a great spring time and look forward to great summer, and I look forward to continuing our Nation’s progress in 2026.
Miigwech,

Michael J. LaRoque
Secretary-Treasurer