#1UNRIVALED. ABOUT US: ELEVATING & CELEBRATING CANNABIS. August 2023 // OTCQB: UNRV 60 OO#2FORWARD LOOKING STATEMENTS STATEMENTS IN THIS PRESENTATION MAY BE "FORWARD-LOOKING STATEMENTS" WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. WORDS SUCH AS "ANTICIPATE", "BELIEVE", "ESTIMATE", "EXPECT", "INTEND", AND SIMILAR EXPRESSIONS, AS THEY RELATE TO THE COMPANY OR ITS MANAGEMENT, IDENTIFY FORWARD-LOOKING STATEMENTS. THESE STATEMENTS ARE BASED ON CURRENT EXPECTATIONS, ESTIMATES, AND PROJECTIONS ABOUT THE BUSINESS OF UNRIVALED BRANDS, INC. (THE "COMPANY"), BASED, IN PART, ON ASSUMPTIONS MADE BY MANAGEMENT. THESE STATEMENTS ARE NOT GUARANTEES OF FUTURE PERFORMANCE AND INVOLVE RISKS, UNCERTAINTIES, AND ASSUMPTIONS THAT ARE DIFFICULT TO PREDICT. THEREFORE, ACTUAL OUTCOMES AND RESULTS MAY, AND PROBABLY WILL, DIFFER MATERIALLY FROM WHAT IS EXPRESSED OR FORECASTED IN SUCH FORWARD-LOOKING STATEMENT DUE TO NUMEROUS FACTORS, INCLUDING THOSE DESCRIBED ABOVE AND THOSE RISKS DISCUSSED FROM TIME TO TIME IN THE COMPANY'S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION. IN ADDITION, SUCH STATEMENTS COULD BE AFFECTED BY A WIDE VARIETY OF RISKS AND UNCERTAINTIES RELATED TO OUR OPERATIONS, GENERAL INDUSTRY AND MARKET CONDITIONS AND GROWTH RATES AND GENERAL ECONOMIC CONDITIONS. ANY FORWARD-LOOKING STATEMENTS SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE, AND THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO UPDATE ANY FORWARD- LOOKING STATEMENT TO REFLECT EVENTS OR CIRCUMSTANCES AFTER THE DATE OF THIS PRESENTATION, EXCEPT AS REQUIRED BY LAW. INFORMATION ON THE COMPANY'S WEBSITE DOES NOT CONSTITUTE A PART OF THIS PRESENTATION. UNLESS OTHERWISE NOTED, THE INDUSTRY AND MARKET DATA CONTAINED HEREIN ARE BASED UPON MANAGEMENT ESTIMATES AND INDUSTRY AND MARKET PUBLICATIONS. THE INFORMATION FROM INDUSTRY AND MARKET PUBLICATIONS HAS BEEN OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE, BUT THERE CAN BE NO ASSURANCE AS TO THE ACCURACY OR COMPLETENESS OF THE INCLUDED INFORMATION AND THE COMPANY MAKES NO REPRESENTATION OR WARRANTY WITH RESPECT TO THE ACCURACY OF SUCH INFORMATION. THE COMPANY HAS NOT INDEPENDENTLY VERIFIED ANY OF THE DATA FROM THIRD PARTY SOURCES NOR HAS THE COMPANY ASCERTAINED THE UNDERLYING ASSUMPTIONS RELIED UPON THEREIN. THE INFORMATION PROVIDED IN THIS PRESENTATION IS NOT INTENDED TO AND SHALL NOT BE CONSTRUED AS AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY SECURITIES OF THE COMPANY. OFFERS TO PURCHASE OUR SECURITIES IN A FINANCING TRANSACTION, IF AND WHEN MADE, WILL BE MADE PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR IN A TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS UNDER THE SECURITIES ACT OF 1933, AS AMENDED. 00 OOO UNRIVALED. → 01#3● ● THE NEW UNRIVALED. UNRIVALED BRANDS WAS FORMED IN JULY 2021 AS A RESULT OF THE MERGER OF PUBLICLY- TRADED TERRA TECH CORP AND UMBRLA INC. THE PLAN WAS TO OPERATE A FULLY-INTEGRATED WEST COAST MSO CONSISTING OF RETAIL, CULTIVATION, DISTRIBUTION, DELIVERY AND SEVERAL CANNABIS BRANDS IN CALIFORNIA, OREGON, WASHINGTON, NEVADA AND ARIZONA HOWEVER, LIKE MANY COMPANIES IN THE CALIFORNIA CANNABIS SPACE, UNRIVALED WAS NOT POSITIONED TO SURVIVE THE TUMULT OF THE POST-PANDEMIC CANNABIS MARKET IN AUGUST 2022, FOLLOWING RECURRING TURNOVER IN CORPORATE LEADERSHIP AND LIKELY INSOLVENCY WITHIN THE MONTH, A REORGANIZATION EFFORT WAS UNDERTAKEN BY THE NEW CEO, SABAS CARRILLO UNRIVALED. O 02#4THE NEW UNRIVALED. 1.) ADDED A STRONG MANAGEMENT TEAM REFOCUSED SOLELY ON REVITALIZING UNRIVALED'S KEY ASSETS IN THE CALIFORNIA MARKET 3.) STRENGTHENED THE BALANCE SHEET BY REVALUING ASSETS TO FAIR VALUE, SELLING OR ELIMINATING SUBSTANTIAL LIABILITIES, RENEGOTIATED DEBT, SETTLING OUTSTANDING LITIGATION AND REPAIRING TIES WITH KEY VENDORS X 2.) DISPOSED OR SHUTTERED ALL NON- PERFORMING ASSETS INCLUDING SEVERAL CANNABIS BRANDS 4.) BUILT A NEW UNRIVALED CANNABIS CULTURE EMPHASIZING EMPLOYEES, CUSTOMERS, AND AN OLD SCHOOL CALIFORNIA CANNABIS ETHOS UNRIVALED. o 03#510 MONTHS OF ACCOMPLISHMENTS: LIABILITIES AND DEBT WERE REDUCED BY $54M (43% REDUCTION) 2023 Q2 OPERATING RESULTS REFLECTED A SUBSTANTIAL TURNAROUND VS 2022 Q3 : چھے GROSS MARGINS ROSE TO 52% FROM 30% YTD IN SEPTEMBER AND 26% FROM 2021 оо NEGATIVE $0.8M CASH-BASED EBITDA FROM CONTINUING OPERATIONS VS $9.2M LOSS IN Q3 2022 品 оо CORP CASH OVERHEAD COSTS DECREASED 23% FROM THE PRIOR YEAR POSITIVE $1.7M CASH-BASED RETAIL 4-WALL EBITDA VS $1M IN Q3 2022 UNRIVALED. OO $1.4M NET LOSS Q2 2023 VS $120M LOSS IN Q3 2022 REDUCED CULTIVATION/ DISTRIBUTION LOSS TO $155K VS $9.7M LOSS IN Q3 2022 04#6THE OPPORTUNITY: UNRV STOCK APPRECIATION CREATES INVESTOR LIQUIDITY UNRIVALED BUILDS PORTFOLIO OF ACCRETIVE ASSETS UNRIVALED. GROWTH CAPITAL PROVIDES UNRIVALED LIQUIDITY UNRV EQUITY PROVIDES LIQUIDITY TO DISTRESSED ASSET SELLERS STOCK APPRECIATION THROUGH CASHLESS ACQUISITION OF MARQUEE ASSETS 05#7THE OPPORTUNITY IN A MARKET EXPLODING WITH DISTRESSED OR ILLIQUID ASSETS, UNRIVALED IS: UNIQUELY POSITIONED TO BUILD A PORTFOLIO OF HIGH-PERFORMING, BRANDED ASSETS ● ● ● THE KEY TO UNLOCKING OPPORTUNITY IN A CHALLENGING ECONOMIC MARKET IS LIQUIDITY UNRIVALED EQUITY PROVIDES INVESTOR LIQUIDITY THROUGH PUBLIC MARKET ACCESS AND TRADING VOLUME DESPITE A DIFFICULT MARKET AND INCOMPLETE COMPANY TURNAROUND, UNRIVALED TESTED ITS NO-CASH/EQUITY-DRIVEN GROWTH STRATEGY IN Q4 LEVERAGING LONG-STANDING, SUCCESSFUL CANNABIS RELATIONSHIPS, UNRIVALED EXECUTED AGREEMENTS TO MANAGE AND POTENTIALLY ACQUIRE TWO COOKIES-BRANDED RETAIL STORES IN NORTHERN CALIFORNIA. THIS INITIATIVE CAN BE EXPANDED TO INCLUDE ADDITIONAL STORES WE WILL BE SEEKING OUTSIDE INVESTMENT TO FURTHER THIS LOW-COST STRATEGY AND ALSO EXPAND OUR SOUTHERN CALIFORNIA RETAIL FOOTPRINT BY BUILDING OUT ANOTHER PREMIUM LOCATION IN COSTA MESA WHICH IS NEARING COMPLETION OF THE CITY LICENSING PROCESS THIS IS OUR STORY. UNRIVALED. 06#8THE LARGEST CANNABIS MARKET IN THE WORLD. QUARTERLY CA CANNABIS REVENUE $1,800,000,000 $1,600,000,000 $1,400,000,000 $1,200,000,000 $1,000,000,000 $800,000,000 $600,000,000 $400,000,000 $200,000,000 $0 TREND LINE QUARTERLY REVENUE GROWTH COVID & IMPACT OF STIMULUS Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2018 2019 2021 2020 2022 2023 UNRIVALED. STATS: THE CA CANNABIS MARKET HAS REALIZED CONSIDERABLE GROWTH SINCE 2018; WITH A NOTABLE INCREASE IN REVENUES DURING COVID. CANNABIS HAS SHOWN THAT IT HAS BECOME AN EVEN MORE POPULAR COMMODITY IN A DEPRESSED MARKET AFTER COVID LOCKDOWNS, THE CA CANNABIS MARKET REVENUES HAVE REMAINED ON TREND*; NOT COLLAPSED AS FREQUENTLY REPORTED IN THE MEDIA AT THE SAME TIME, THE NUMBER OF LICENSES HAS INCREASED. RETAIL LICENSES IN CA WERE REPORTED AT 336 IN MAY 2018, 866 IN JAN 2022, AND NOW OVER 1,300 *CDTFA 07#9CALIFORNIA RETAIL LANDSCAPE STIIIZY CATALYST urbn leaf M1 MARCH AND ASH NUG eaze THE WORLD'S MOST REVERED COMES FROM CANNABIS CALIFORNIA. ACCORDING ΤΟ HEADSET, THE STATE CURRENTLY CARRIES 500+ DIFFERENT BRANDS ACROSS MULTIPLE CATEGORIES, SOLD IN OVER 1,000 RETAILERS. TOTAL LEGAL REVENUE IS REPORTED AT $5B FOR 2022.* THE TOP 50 BRANDS REPRESENT ALMOST $3B OF THAT REVENUE. THE DESIRE FOR CANNABIS CULTIVATED IN CALIFORNIA, AND BRANDS ASSOCIATED WITH CALIFORNIA, WILL NOT WANE - AND WILL BE A STRONG SELLING POINT WITH AND WITHOUT FEDERAL LEGALIZATION. UNRIVALED. CONNECTED CANNABIS CO DR. GREEN THUMB'S HARBORSIDE CALIVA Cookies MedMen *MJBIZ хоо 08#10ABOUT US: ELEVATING & CELEBRATING CANNABIS. DO UNRIVALED. UNRIVALED 09#11WHO WE ARE. B WE ARE SEASONED RETAIL OPERATORS WITH SOME OF THE BEST ASSETS IN THE STATE WE ARE EXPERTS AT FINANCIAL TRANSACTIONS, WITH A LONG HISTORY IN THE CANNABIS SPACE WE HAVE DEEP RELATIONSHIPS AND HISTORY WITH OTHER OPERATORS AND BRANDS WE ARE EXPERT MARKETERS WE KNOW OMNI-CHANNEL WE KNOW HOW TO USE DATA TO DRIVE CUSTOMER BEHAVIOR WE ARE OWNERS OF OG BRAND, KOROVA UNRIVALED. 10#12WHAT WE DO. WE HELP PEOPLE FEEL GOOD. AT OUR CORE, WE'RE CALIFORNIANS AND WE BELIEVE THAT CANNABIS CAN CHANGE PEOPLES' LIVES FOR THE BETTER. IT'S THE ONE THING THAT TRULY UNITES US. WE KNOW THAT CULTURE IS OUR KEY TO SUCCESS, BELIEVE THAT CUSTOMERS WILL CHOOSE TO SHOP IN A PLACE THAT MAKES THEM FEEL GOOD, AND WHERE CULTURE MATTERS. WE'RE HERE TO LIFT EACH OTHER UP AND THRIVE IN THE CALIFORNIA SUN. WE'LL BE HERE MAKING GOOD THINGS HAPPEN. UNRIVALED. Wol 11#13OUR PLAYBOOK. EXPERIENCED LEADERSHIP RIGHTSIZE & STABILIZE CULTURE DRIVEN EXECUTION UNRIVALED. ос 8 CONTEXT. OUR TEAM IS MADE UP OF LONG-STANDING CANNABIS EXPERTS AND CONSUMERS TOGETHER WE CREATE A UNIQUE COLLECTION OF COMPETENCIES THAT HAVE COME TOGETHER TO BE A FORCE OF CHANGE FOR THE INDUSTRY THE RIGHT TEAM CONTROLLING THE RIGHT ASSETS EXECUTING THE RIGHT PLAN 12#14KOROVAS KOROVA NI VALE POTENCY UNRIVALED POTENCY MO ALE am XU Join the Discussion Work Work Work Work Work Work Join the Critique Mall 11 UNRIVALED. 9 pate KOROVA UNRIVALED POTEN Me LEZI EXPERIENCED LEADERSHIP. Selata Join the Conversation 415- 13#15EXPERIENCED LEADERSHIP RIGHTSIZE & STABILIZE CULTURE DRIVEN EXECUTION OUR CEO. 12 TWELVE MESH VENTURES C Cookies terra tech MedMen weedmaps SABAS CARRILLO, OUR CHIEF EXECUTIVE OFFICER AND CHAIRMAN OF THE BOARD OF DIRECTORS, IS THE FOUNDER AND CEO OF ADNANT, LLC, AN ACCOUNTING AND CONSULTING FIRM FOCUSED ON THE CANNABIS INDUSTRY WITH AN EXPERTISE IN ADVISING COMPANIES ON THE GO-PUBLIC PROCESS. MR. CARRILLO HAS OVER 18 YEARS OF EXPERIENCE IN ACCOUNTING AND OVER 12 YEARS OF EXPERIENCE WORKING EXCLUSIVELY WITH START-UPS, HAVING HELPED FOUND, GROW, AND LEAD COMPANIES THROUGH SUCCESSFUL EXITS. HE FOCUSES ON CREATING AND TAKING PUBLIC INNOVATIVE COMPANIES WITH HIGH GROWTH POTENTIAL AND IS AN SEC FINANCIAL REPORTING EXPERT WITH EXTENSIVE EXPERIENCE IN M&A WORK. HE SERVES AS INTERIM CFO FOR COOKIES CREATIVE CONSULTING & PROMOTIONS INC. AND WAS ON THE GO-PUBLIC TEAM FOR WEEDMAPS AND GENERAL CANNABIS, INC., A PUBLICLY TRADED COMPANY (OTC: CANN) FROM 2010 TO 2012. IN 2014, MR. CARRILLO LED THE TEAM THAT TOOK THE FIRST CANNABIS DISPENSARY PUBLIC, BLÜM OAKLAND, ON BEHALF OF TERRA TECH CORP. (OTC: TRTC). MR. CARRILLO IS CO-FOUNDER AND CFO OF TWO CANNABIS-FOCUSED FUNDS: MESH VENTURES AND 1212 VENTURES. MR. CARRILLO RECEIVED HIS B.A. IN ECONOMICS WITH A MINOR IN COMPUTER PROGRAMMING FROM THE UNIVERSITY OF CALIFORNIA, LOS ANGELES. UNRIVALED. 14#16RIGHTSIZE & STABILIZE CULTURE DRIVEN EXECUTION EXPERIENCED LEADERSHIP KEY CORPORATE OFFICERS. C Cookies A ADNANT Disney Zappos MedMen frederick's verano 3PL Central MedMen PATTY CHAN, CFO - MASTER NEGOTIATOR WITH EXPERTISE IN CANNABIS, REAL ESTATE, MANUFACTURING, DISTRIBUTION & RETAIL. HIGHLY SEASONED AT FINANCIAL MANAGEMENT, EQUITY FUNDRAISING, RESTRUCTURING, AND TAKING COMPANIES PUBLIC. IDENTIFIES OPPORTUNITIES TO DRAMATICALLY REDUCE COSTS WHILE NOT IMPEDING GROWTH. TRACY MCCOURT, CRO - OBSESSIVELY FOCUSED ON CUSTOMER BEHAVIOR. AN OMNI- CHANNEL RETAIL AND MARKETING EXPERT WHO UNDERSTANDS HOW TO USE DATA TO IDENTIFY WHAT MAKES CUSTOMERS MORE LOYAL, HOW TO EFFECTIVELY TARGET NEW CUSTOMERS, AND INCREASE PURCHASING FREQUENCY FOR ALL. JIM MILLER, COO AND DIRECTOR FINANCIAL AND OPERATIONAL LEADER WITH 30+ YEARS LEADING BOTH FORTUNE 500 AND ENTREPRENEURIAL COMPANIES. EXPERIENCED IN BUILDING SCALABLE, INTEGRATED CANNABIS ORGANIZATIONS. FINANCIAL LEADER ON MULTIPLE M&A EXITS AND BUSINESS ACQUISITIONS ADEPT AT BUILDING AND MANAGING SCALABLE ORGANIZATION. UNRIVALED. 15#17EXPERIENCED LEADERSHIP RIGHTSIZE & STABILIZE CULTURE DRIVEN EXECUTION OUR TEAM. THROUGHOUT THE ORGANIZATION, OUR PEOPLE MAKE US WHO WE ARE. UNRIVALED. 16#18RIGHTSIZE & STABILIZE UNRIVALED. 17#19EXPERIENCED LEADERSHIP RIGHTSIZE & STABILIZE CULTURE DRIVEN EXECUTION KEY TURNAROUND ACCOMPLISHMENTS ... RETAIL OPERATIONS NEW MANAGEMENT RE-OPENED THE SHUTTERED BLUM DISPENSARY IN SAN LEANDRO IN Q4 UNDER MANAGEMENT AGREEMENT ● ● CEASED RETAIL AND DELIVERY SERVICES OF SILVERSTREAK AND RENEGOTIATED DEBT RELATED TO ACQUISITION. DISSOLVED UNDER-PERFORMING ASSETS INCLUDING UMBRLA, LTRMN CA, AND BRND HOUSE. SOLD REMAINING MEMBERSHIP INTERESTS OF NULEAF STORES IN RENO, NEVADA ENTERED INTO BINDING LOI'S WITH PURCHASE OPTIONS FOR COOKIES-BRANDED STORES IN REDDING AND OAKLAND, CALIFORNIA ● ENTERED INTO SETTLEMENT RELATED TO PEOPLES ACQUISITION LITIGATION. CORPORATE OPERATIONS STARTED A $2 MILLION CAPITAL RAISE OF THE SERIES V PREFERRED SHARES; ROUND CLOSED IN FEBRUARY 2023 IMPLEMENTED HEADCOUNT AND OVERHEAD COST SAVINGS PROGRAMS CREATED INITIATIVES TO SOLIDIFY COMPANY CULTURE, ALIGN EMPLOYEE INCENTIVES, IMPLEMENT NEW ERP AND CUSTOMER LOYALTY SOLUTION AND OTHER DATA- DRIVEN MANAGEMENT PROCESSES RECONSTITUED BOARD OF DIRECTORS WITH PLACEMENT OF SABAS CARRILLO, MATT BARRON, AND JIM MILLER UNRIVALED. M₂2₂ CULTIVATION & DISTRIBUTION OPERATIONS ● • SOLD REMAINING MEMBERSHIP INTERESTS IN NULEAF SPARKS CULTIVATION IN SPARKS, NEVADA • SOLD REAL ESTATE HOLDINGS IN SPANISH SPRINGS, NV AND 620 DYER ROAD PROPERTY. • SOLD OREGON CULTIVATION AND DISTRIBUTION ASSETS (LTRMN, PSYCHONAUT, DISTRO OR) CONSOLIDATED CULTIVATION OPERATIONS AT HEGENBERGER FACILITY; CLOSED OPERATIONS AT WEST GRAND BRAND OPERATIONS RECONCILED FINANCIAL ISSUES WITH DISTRIBUTION PARTNERS ACROSS ALL ACCOUNTS RELOCATED AND CONSOLIDATED OPERATIONS & MANUFACTURING ● ● ● ● CLOSED DISTRIBUTION AND NEGOTIATED OUT OF A LONG-TERM LEASE BEGAN BRAND TRANSITION FROM PEOPLES OC TO BE RENAMED AND REBRANDED AS "BLUM OC" 18#20EXPERIENCED LEADERSHIP RIGHTSIZE & STABILIZE CULTURE DRIVEN EXECUTION KEY TURNAROUND RESULTS* ($000's) Balance Sheet Improvements: Long-Term Asset Writedowns Liability Reductions Income Statement Changes: Revenue Cost of Goods Sold Gross Margin Gross Margin % Operating Expenses Income/(Loss) from Operations Net Income Increase/ (Decrease) From 2021 to 20 55 $ EBITDA Cash EBITDA - Continuing Operations $ (214,018) (53,575) Q2 2023 8,797 4,197 4,600 52% 6,332 (1,732) (1,442) (597) (804) Ś $ $ $ $ Ś ● ● NEW MANAGEMENT'S 2022-2023 TURNAROUND HAD SIGNIFICANT POSITIVE IMPACT ON THE COMPANY'S FINANCIAL STATEMENTS CURRENT AND LONG-TERM LIABILITIES HAVE BEEN ELIMINATED OR RESTRUCTURED RESULTING IN A 43% REDUCTION FROM 2021 Q4 2021 20,480 12,923 7,557 37% 20,879 (13,322) (9,740) (10,435) (6,177) Increase/ (Decrease) From 2021 $ $ UNRIVALED. (11,683) (8,726) (2,957) 15% (14,547) 11,590 8,298 9,838 5,373 ● REVENUE AND OPERATING EXPENSES DECREASED DUE TO CLOSURE OR SALES OF 2 UNPROFITABLE RETAIL STORES, CULTIVATION, AND DISTRIBUTION BUSINESSES LONG-TERM ASSET WRITE DOWNS WERE MAINLY RECORDED IN Q3 2022 Q2 2023 OPERATING INCOME INCLUDES A $1.7M GAIN ON ASSET SALES *Unrivaled Q2 2023 Results and Audited 2022 Results. Should be read in conjunction with our quarterly report on Form 10-Q and annual report on Form 10-K. 19#21EXPERIENCED LEADERSHIP RIGHTSIZE & STABILIZE CULTURE DRIVEN EXECUTION OUR PORTFOLIO. ++ UNRIVALED. с C +++++ COOKIES LOCATION OAKLAND COOKIES LOCATION REDDING PENDING DISPENSARY COSTA MESA DISPENSARY OAKLAND DISPENSARY SAN LEANDRO DISPENSARY SANTA ANA DISPENSARY COSTA MESA DELIVERY SERVICE ORANGE COUNTY CULTIVATION OAKLAND 20#22EXPERIENCED LEADERSHIP RIGHTSIZE & STABILIZE CULTURE DRIVEN EXECUTION HO:: & PEOPLE'S STATS / OVERVIEW: RETAIL DISPENSARY LOCATED IN SANTA ANA ONE OF THE MOST SUCCESSFUL DISPENSARIES IN CA AVERAGING OVER 900 VISITORS EVERY DAY MOLE 7,600 SQ FT TOTAL SPACE/5000 SQ FT TOTAL SELLING SPACE UNIQUE PROPERTY WITH 2 STORIES AND FREEWAY VISIBLE FREEWAY BILLBOARD GETS 4.2M IMPRESSIONS PER MONTH IN THE PROCESS OF REBRANDING NAME BY FALL 2023 DELIVERY SERVICE WITH 11 VEHICLES OPERATING PARKING LOT WITH 20+ AVAILABLE SPACES 3 ADDITIONAL LICENSES (INFO ON NEXT SLIDE) CUSTOMER: 390,000 MEMBERS IN DATABASE 200,000 PURCHASING CUSTOMERS OVER THE PAST 12 MONTHS 43% REPEAT RATE $266- AVERAGE SPEND PER CUSTOMER ANNUALLY 64% OF CUSTOMERS ARE 21-44 YEARS OLD UNRIVALED. 기 21#23EXPERIENCED LEADERSHIP RIGHTSIZE & STABILIZE CULTURE DRIVEN EXECUTION PEOPLE'S PEOPLES PEOPLE'S EOPLE MAIL COSTA MESA 1844 NEWPORT BLVD 12,200 SQ FT AAA LOCATION 77,000K DAILY DRIVER IMPRESSIONS UNRIVALED. #0 N PEOPL 22#24EXPERIENCED LEADERSHIP T RIGHTSIZE & STABILIZE CULTURE DRIVEN EXECUTION THE SPOT STATS / OVERVIEW: RETAIL DISPENSARY A TRUE CONNOISSEURS CLUB OF ORANGE COUNTY SINCE 2017 1,500 SQ FT SELLING SPACE/3,025 SQ FT TOTAL SPACE 2 VEHICLE DELIVERY SERVICE 52 PARKING SPOTS + STREET PARKING & CUSTOMER: 366,000 MEMBERS IN DATABASE 44,000 PURCHASING CUSTOMERS OVER THE LAST 12 MONTHS 41% REPEAT RATE $263 AVERAGE SPEND PER CUSTOMER ANNUALLY 79% OF CUSTOMERS ARE 21-44 YEARS OLD UNRIVALED. 10MG EACH FLAVORS KIVA EFENCES TONIK D 기 XORONT CALI LOTUS 23#25EXPERIENCED LEADERSHIP A RIGHTSIZE & STABILIZE CULTURE DRIVEN EXECUTION 000 blüm OAKLAND STORE STATS / OVERVIEW: RETAIL DISPENSARY, SINCE 2012 17,000 SQ FT TOTAL SPACE/760 SQ FT RETAIL SELLING SPACE 5 BUILDINGS TOTAL 18 PARKING SPOTS IN A GUARDED AND SECURE PARKING LOT 372,000 MEMBERS IN DATABASE 51,700 PURCHASING CUSTOMERS OVER THE LAST 12 MONTHS 42% REPEAT RATE $183 AVERAGE SPEND PER CUSTOMER ANNUALLY 76% OF CUSTOMERS ARE 21-44 YEARS OLD - SAN LEANDRO STATS / OVERVIEW: RETAIL DISPENSARY; REOPENED MARCH 2023 / SOFT LAUNCH Q4 2022 33,504 SQ FT/1,200 RETAIL SELLING SPACE 28 SPOT PARKING LOT 28,000 MEMBERS IN DATABASE 17,500 PURCHASING CUSTOMERS OVER THE LAST 8 MONTHS 38% REPEAT RATE $133 - AVERAGE SPEND PER CUSTOMER ANNUALLY 73% OF CUSTOMERS ARE 21-44 YEARS OLD UNRIVALED. 기 24#26EXPERIENCED LEADERSHIP T RIGHTSIZE & STABILIZE CULTURE DRIVEN EXECUTION Cookies STATS: •RETAIL DISPENSARY - MSA LOI SIGNED DECEMBER 2022 (FULL TAKEOVER TARGETED Q4 2023) •HOMETOWN HERO OF THE OAKLAND COMMUNITY •1,120 SQ FT SELLING SPACE/2,200 SQ FT TOTAL SPACE •POTENTIAL LARGE GROWTH OPPORTUNITY & CUSTOMER: •30,100 PURCHASING CUSTOMERS OVER THE LAST 12 MONTHS •32% REPEAT RATE $135 AVERAGE SPEND PER CUSTOMER ANNUALLY 81% OF CUSTOMERS ARE 21-44 YEARS OLD Cookies GARY PAYTON UNRIVALED. Cookies Cookjes Cookler Ⓒ Conkles Cookies 기 Cookies 25#27EXPERIENCED LEADERSHIP I RIGHTSIZE & STABILIZE CULTURE DRIVEN EXECUTION CULT. № STATS: 4,000 SQ FT. FLOWERING CANOPY IN OAKLAND, CA 13,000 TOTAL SQ FT. FACILITY .240 FLOWERING LIGHTS .4 FLOWERING ROOMS 2.4+/- POUNDS PER LIGHT AVERAGE .18 HARVESTS PER YEAR = ~2,700 POUNDS ANNUALLY ON-SITE PROPAGATION BUILT STATE OF THE ART IN 2017 REMOTE ATMOSPHERIC CONTROL UNRIVALED. 기 26#28EXPERIENCED LEADERSHIP N RIGHTSIZE & STABILIZE CULTURE DRIVEN EXECUTION KOROVA 4.9 STATS: LEGACY BRAND WITH OVER A DECADE IN THE GAME TWO FOUNDERS REMAIN ON UNRIVALED TEAM BORN IN THE TRADITIONAL MARKET IN OAKLAND, CA ESTABLISHED 2010; REGULATED MARKET IN 2018 CREATORS OF THE LEGENDARY 1,000 MG THC BLACK BAR .4000+ SEARCHES THROUGH GOOGLE EACH MONTH BRAND APPEAL THAT EXTENDS BEYOND CANNABIS KARA UNRIVALED. HOROWY 1000MG THC ULTRAFAST-ACTING CANNABIS INFUSED TINCTURE KLAPA BUFFALO SAUCE SURYALO SAUCE UNRIVALED 10 7 YEARS 27#29CULTURE DRIVEN EXECUTION. KOROVA UNRIVALED KOROVA UNRIVALED NORDMALES.COM & MENCATE RESPONS UNRIVALED. KOROVA UNRIVALED. KOROVA UNRIVALED. KOROVA UNRIVALED. LES.COM MEDICATE RESPONSIB 28#30EXPERIENCED LEADERSHIP RIGHTSIZE & STABILIZE CULTURE DRIVEN EXECUTION OUR CORE VALUES ti CUSTOMER THE CUSTOMER ALWAYS COMES FIRST. THIS CORE VALUE SHAPES THE WAY WE OPERATE AND DIRECTS OUR INTERNAL COMPASS FOR EVERY DECISION WE MAKE, FROM THE PREMIUM QUALITY OF OUR PRODUCT TO THE CUSTOMIZED EXPERIENCES WE CREATE IN OUR RETAIL STORES. CANNABIS WE LOVE AND RESPECT THIS POWERFUL PLANT. WE STAND BY THE PRODUCTS WE SELL AND ARE PASSIONATE ABOUT CURATING THE FINEST ASSORTMENT FOR OUR CUSTOMERS. + UNRIVALED. COMMUNITY CREATE COMMUNITIES THROUGH SHARED VALUES & INTERESTS. WE ARE COMMITTED TO IMPROVING THE LIVES OF THE PEOPLE IN THE COMMUNITIES WE SERVE. CULTURE AUTHENTICITY STICKS TO WHAT IT KNOWS TO BE TRUE AND DOESN'T LET GO. WE WANT TO WORK WITH PEOPLE THAT WE WOULD SMOKE WITH. WE ALSO HONOR THE CANNABIS CULTURE AND THOSE THAT CAME BEFORE US. AND WE ARE DEDICATED TO HONESTY, INTEGRITY AND FAIR TREATMENT OF EMPLOYEES AND BUSINESS PARTNERS. 29#31EXPERIENCED LEADERSHIP RIGHTSIZE & STABILIZE CULTURE DRIVEN EXECUTION THE RIGHT PLAN: RETAIL KNOW THE CUSTOMER: CREATE A CRM INITIATIVE THAT DEFINES AND CUSTOMIZES OUR CUSTOMER CONTACT STRATEGY BASED ON CUSTOMER BEHAVIORS INVEST IN NEW CUSTOMER LOYALTY PROGRAM TO INCREASE PURCHASING FREQUENCY OF THE CUSTOMER BASE, AS WELL AS OVERALL RETENTION OF CUSTOMERS KNOW THE DATA: IMPLEMENT A DATA-DRIVEN APPROACH FOR IMPROVED ACCOUNTABILITY CONTROL AND ACQUIRE NEW CUSTOMERS: LAUNCH AN ROI FOCUSED, AND OMNI-CHANNEL MARKETING STRATEGY CREATE NEW MARKETING INITIATIVES FOCUSED ON NEW CUSTOMER ACQUISITION BY DOOR ● UNRIVALED. ܕܗ INVEST IN OUR EMPLOYEES: MAKE UNRIVALED A GREAT PLACE TO WORK TAILOR PRODUCT INVENTORY AND PRICING BY DOOR: ALWAYS MEET CUSTOMERS NEEDS, IMPROVE MARGINS, LOCK IN CASHFLOW AND CREATE PARTNERSHIP OPPORTUNITIES WITH KEY BRANDS 30#32EXPERIENCED LEADERSHIP RIGHTSIZE & STABILIZE CULTURE DRIVEN EXECUTION THE RIGHT P RESPECT THE RELENTLESSLY FANS: GUARD PRODUCT QUALITY - DO IT WELL, KEEP IT FRESH BE UBIQUITOUS: PARTNER WITH LOCALIZED SALES TEAMS TO INCREASE RETAIL FOOTPRINT THROUGHOUT THE STATE PLAN: * PUSH THE BRAND TO NEW PLACES: APPAREL, ART å gå LEVERAGE OUR GROW TO SUPPORT OUR RETAIL: LOW- COST WHITE LABEL UNITS DRIVE SALES, IMPROVE DATA CAPTURE AND CREATE UPSELL OPPORTUNITIES UNRIVALED. KOROVA SE KNOW YOUR PLACE: A SOLID MID-TIER FLOWER WITH A POTENT PUNCH, AND PROVIDER OF INNOVATIVE EDIBLES КОЯ T . EXPAND THE BRAND: EXPLORE OPPORTUNITY TO GROW BRAND LICENSING OUT OF STATE 31#33EXPERIENCED LEADERSHIP RIGHTSIZE & STABILIZE CULTURE DRIVEN EXECUTION CULTURE WINS. WE ARE INSPIRED BY BRANDS THAT LEAD WITH CULTURE AND CREATE ADVOCATE COMMUNITIES 77% OF CONSUMERS ARE WILLING TO SPEND MORE ON A BRAND THEY PERCEIVE AS AUTHENTIC*- WHY? THEY KNOW THAT BRANDS THAT USE THEIR INFLUENCE AND IMPACT ON THE WORLD MAKE US FEEL HOPEFUL Zappos patagonia THE NORTH ⓇFACED NIKE UNRIVALED. WHOLE FOODS MARKET COSTCO WHOLESALE *HAWK PARTNERS BRAND AUTHENTICITY INDEX STUDY 32