#1mednow Canada's Virtual Pharmacy TSX.V: MNOW OTC.QX: MDNWF || Hi, Olivia. How can we help you? Do you use another pharmacy? If you have an active prescription at another pharmacy, we can transfer it to Mednow. ✓ Request a Transfer o Upload a New Prescription Don't Have a Prescription? See a Clinician Dismiss O Chat with our pharmacy Home What is the dispensing fee? Orders A Profile a > June 2023#2Introduction $ A (1) (2) (3) ● Investment Highlights Pharmacy Largest "offline" Industry $50 Billion Dollar market, <2% online today Canada has favorable competitive environment for Virtual Pharmacy Canada slower then US to adapt and Mednow has first mover advantage We Built Next generation pharmacy technology Best-in-Class Enterprise grade technology released Summer 2022 Largest pharmacy infrastructure of all pure virtual competitors Moderinzed and improved the outdated pharmacy experience Established Brand & Product Market Fit Innovative partnerships with the largest medical providers in Canada Loved by patients with a 5.0 Perfect google rating for mednow.ca preferred virtual pharmacy partnerships for organizations with collectively 500,000 lives (4) Early Strong Growth and set up to scale with a large pipeline Build phase complete with minimal incremental CAPEX required to scale nationally +720% revenue growth in virtual pharmacy (Jan 2023 vs Jan 2021) Patient Growth of +700% (May 2023 vs Jan 2022) Streamlined cost structure and large pipeline for revenue growth, provides clear path to cash flow positive Hi, Anna. How can we help you? Upload a new prescription Do you need a prescription? Transfer a prescription to Mednow 1. Historical financial performance is not indicative of future results. 2. Annualized monthly run-rate as of September 2022 3. This constitutes forward-looing financial information and is subject to the disclaimer on page 2 of this presentation clinician ma 2#3The Problem A 3#4Introduction Healthcare5 Education5 Pharmacy is the largest consumer industry still "offline" 2019 Canadian Industry Expenditures Transportation5 Restaurant5 Accomodation5 $106B $71B $21B $8B $264B 000 99% of Canadians use brick-and-mortar pharmacies² VS $ Te 1. IBISWorld, Pharmacies & Drug Stores in Canada, 2020; this figure represents the total amount spent on this industry in Canada in 2019. 2. Based on management's current knowledge and reasonable belief. 3. Maru Blu Research 15-minute online survey of 2,564 individuals living in Canada who are 25 years or older and geographically balanced. Surveys were completed between February 26 and March 14, 2022. 4. Cision PR Newswire: ePharmacy Market Size worth $169.3 Billion By 2028. 5. StatsCan, Spending, Canada, 2019. $47B 11 10 1 Canadian Retail Pharmacy Market 49% of Canadians are open to using virtual pharmacy³ 18% Digital pharmacy is tracking for an 18% CAGR4 Key Differences between Canada vs USA Price regulation and transparency Socialized Healthcare: 85% have drug insurance Regulations "protect" profession from "Big Retail" & PBMs Favorable Competitive Environment 4#5Introduction Patient Pain Points "Offline" experiences Lack of Convenience Outdated Processes Prescription Management Challenges Lack of Personalization Drug Related Problems Patients and Businesses Deserve a Better Pharmacy Experience Limited Information Access OT Joey Al TOTAL CONTROLA ATTEPORELESS FOUNDATION MAYBELL MAYBELL Archite Camin MAYBELLINE minute clinic laxatives Pharmacy 030 900 300 DOB 100 Pharmacist's skills not fully optimized pick-up 000 pick Payer & Provider Problems Increasing Drug Costs Lack of Transparency Medication Non-adherence Fragmented Health Systems Administrative Burden LO 5#6Introduction Non-optimized medication therapy and the North American healthcare Crisis 50%¹ Of people with Chronic Illness do not take their medication as prescribed 28%4 Of Canadians Believe Health Care is in Crisis compared to 10% decade earlier 6.5 Million³ Canadians without a Family Doctor $4Billion¹ Annual Cost to Canadian Health Care System from 5% of ER and physician visits due to Non-adherence 48%6 Of Canadians dissatisfied with Health Care system 20%² Of Family Doctors to Retire in the next 5 years in Toronto 125,0005 Preventable Deaths in the United States due to medication Non-adherence $528.4 Billion5 The estimated annual cost of prescription drug-related morbidity and mortality resulting from non-optimized medication therapy 1. https://add.albertadoctors.org/issues/september-october-2018/sponsored-article-2/ 2.https://www.cbc.ca/news/canada/toronto/family-doctors-quitting-toronto-survey-shows-1 6600662 3. https://healthydebate.ca/2023/03/topic/millions-adults-lack-canada-primary-care 4.https://policyoptions.irpp.org/magazines/may-2023/canadian-healthcare-system-crisis-s urvey. 5. https://pubmed.ncbi.nlm.nih.gov/22964778/; 6 6.https://www.ctvnews.ca/health/less-than-half-of-canadians-are-satisfied-with-provincial- -care-survey-1.6346995#7Mednow is Modernizing The Pharmacy Experience with Technology & Patient Care A 7#8Introduction Hi, Ali. How can we help you? Order a Refill C Order a refill A Do you need a refill? Please choose from your available refills and complete our 3 step order form.. Upload a new prescription Do you need a prescription? Home ✓ Transfer a prescription to Mednow Schedule a Clinical Service Services BU D Chat with our Pharmacy What is the dispensing fee? We built the Pharmacy experience of the Future that Consumers and Businesses want Now 1 Medication @ Orders Profile > > > > Fill or Get Prescriptions, Anywhere Free Delivery nationwide < Back John Sent 12:01 pm @ John has entered the chat 2022/04/11 12:00pm Hi Jane; certainly, we can help you with that! Can you please send me either the phone number or address of the current pharmacy you were with? 123 Hey John, you guys did a great job my first prescription with you; I'd love to transfer over to you guys! Send a message QWERTYUI ASD F GHJKL End Chat space ZX CV BN M X O O P Go Secure & instant Pharmacist Chat Q Search O All Popular this week Best Seller $63.99 O Allergies Best Seller O Home Weekly deals Sta ♡ $15.99 Ddrops D ♡ O Prescriptions O Children Best Seller $39.99 Best Seller FeroMAX O Shop O Colds ♡ See All $13.99 Ơ ♡ More CA E-commerce experience and non-rx products C Diab See All Best! Best < Cancel 20 O O Upload Details Delivery Confirm Upload new prescription(s) for Ali Reyhany UPLOAD PRESCRIPTION IMAGES (maximum 5 images) ADD IMAGE Don't have a prescription? Transfer Prescription We can reach out to your current pharmacy and transfer your prescription to Mednow. We can reach out to your doctor if you need a prescription for a medication you're already taking, we can help. Start a chat now. See a Mednow Clinician Speak to a Mednow Pharmacist or Nurse Practitioner to request a new prescription. Back D Next > > Request a prescription from your doctor Reach out to your doctor and have them fax a new prescription to 1-855-983-1809. We'll contact your as soon as we receive it. > Easy Prescription Management for yourself or loved ones 8#9Introduction Search Popular this week. Best Seller Allergies TYLENOL Tylenol Complete (Cough/Cold/Flu) $15.79 Weekly deals Best Seller Home Ddrops ♡ Best Seller ♡ O Children Prescriptions TYLENOL Tylenol Sinus Extra (Daytime Tablet) $14.49 Best Seller C Colds 150 O Ơ See All ♡ Diab C More Best See All St Strepsi (Honey $9.49 Best Pharmacy Technology that Empowers Partnerships MEDCAN Hi, Ronald. Welcome to Medcan's preferred pharmacy. How can we help? OUpload a new prescription Do you need a prescription? ✓ Transfer a prescription to Mednow Talk to a clinician O Chat with our Pharmacy What is the dispensing fee? n Home A Orders 8 Profile > > > G Wellness Ecommerce, White-Labeled and Personalized Experiences Dexcom™ Start your journey towards a healthier you. Sign in Don't have an account? Sign up Powered by mednow Hi, Olivia. How can we help you? Reminder Hi Olivia! Let's book your medication review. Book by Calendly +Don't Have a Prescription? See a Clinician O Chat with our pharmacy. What is the dispensing fee? Home E Orders 18 Profile о Hi, Ronald. How can we help you? This week A Oct 28 Metformin Oct 27 Metformin Oct 26 Metformin Oct 25 Metformin Oct 24 Metformin Oct 25 Metformin Don't Have a Prescript' T Home Orde NOW PHARMAC www.ca Brodkfiest SATH JANE A INSURATE the US 0001 SOVE WEDNOW PHARMACY NEX 201 Adherence Programs & Virtual Clinical Service 9#10Introduction Welcome back, Jaryn Lorem ipsum dolor sit amet, consectetur adipiscing elit. Integer vitae bibendum diam. 0109 Order a refill O Upload new prescription Talk to a clinician Do you need a prescription? # of Medications PillsmartⓇ Lorem ipsum dolor t amet, fds nsectetur adipiscing elit. O Transfer prescription to Mednow Vitamin Packs Lorem ipsum dolor sit amet, fds O Home Proprietary Mednow Virtual Pharmacy Management System Connects Patients to National Pharmacy Network for order fulfillment O Prescriptions Chat Now O Shop Set Up Fuelera More Vancouver Calgary Cloud Based Contact Centre Winnipeg London Toronto Montreal Dartmouth Business Model Mednow Central Fill Provincial Sites Ontario, British Columbia & Quebec Represent 78% of Canadian Population Earns and recognizes: Pharmacy Revenue @ 35% GM Clinical Services Revenue @ 70% GM Franchise and Technology Fees @ 80% GM Mednow Partner Pharmacy Network For the rest of the 22% of population Mednow partners and fulfills medications via third party pharmacies Established a 55 3rd Party Pharmacy Locations network Can earn SaaS Revenue @ 90% GM related to marketing and technology fees 10#11Introduction Robotics and A.I. drive Central Fill Pharmacy Operational Efficiency Mednow utilizes automation in its owned pharmacies which improve operational efficiency and patient care, not available at most retail pharmacies. US Example: www.pillpack.com PACMED Iss PacMedNS 360 Holds top 360 molecules Exciteettit Wed Oct SANTA AN www ONE PHARMACY e od 25 JAN DNEVNTE 0000 www. PHARMACY - NER PacVision: Checks for Accuracy "Chronic Disease Management is where pharmacists are underutilized and can have the most impact for population health" -Ali Reyhany, Pharmacist/Founder 11#12Market Overview and Competitive Landscape A 12#13Market Overview SHOPPERS DRUG MART Loblaws Neighbourly Pharmacy RX CarePharmacies PharmaChoice PHARMASAVE AmerisourceBergen Specialty Health Network by SHOPPERS Mednow Pharmacy is uniquely differentiated in Favorable competitive conditions for an Industry in its Infancy Rexall MCKESSON BioScript Solutions CareRx $47B* Canadian Pharmacy Market $4.7B5 Canadian Digital Pharmacy Market mednow felix Well.ca Pharmacy TELUS Health Virtual Pharmacy P POCKETPILLS Less than 1% Today The US is 3-5 years ahead of Canada In pharmacy modernization alto hims & hers Pill Pack by amazon pharmacy CAPSULE Truepill ro 13#14Market Overview Mednow's Customer Experience, Technology and holistic offering is uniquely positioned in The Canadian Market Prescriptions fulfillment Focus on Chronic Disease Management In-house virtual & home visit physician services ² Perfect 5.0 Google rating 3 Text with your pharmacist Large Medical B2B partnerships E-commerce offering unique products not available at many pharmacies 18. ✓ ✓ ✓ Traditional Brick & Mortar Chains X ✓ X X > X Grocery & Discount X X X X X X Digital Competitors X X X х>х X Telemedicine Competitors X ✓ X X X X X 14#15Market Overview "I've had such trouble with doctors and pharmacies and urgent cares before and I was amazed at how different the Mednow experience has been..." Marissa G. "Mednow has been such a help. Working with them feels like having a local neighborhood pharmacist... they feel like a true extension of our families health care team." Hailey B Mednow has earned a perfect 5-star rating on Google Reviews. Google Don't just take our word for it "... The pharmacist called ME to explain details of my meds... 5/5 is simply not enough. 10/5 stars for me." Alex W "The delivery coordinator, Roy, personally delivered my medication to my house. He is professional, polite and cheery. I would give 6 stars if I could!" Michael L. "Everything is taken care of... I just get my medication on time and organized. Great service!!" Nicholas K. 15#16Growth Strategy B2B, Payors and Providers A 16#17Growth Strategy 18. mednow for business Growth Strategy: Payor Partnerships STERLING CAPITAL BROKERS Private Payor Drug Spend = $15 Billion/Year In Canada ● Pharmacy is a significant cost for health benefits providers such as Insurance companies, brokers, advisors and employers - Mednow Provides cost control measures As of May 2023 contracted organizations as preferred pharmacy with a total claimant pool of 500,000 lives • High demand for corporate virtual services that prioritize wellness, cater to remote/hybrid work and health care navigation • Early days of digital Preferred Virtual pharmacy adoption by enterprises in Canada THE PBAS GROUP reformulary GROUP Publicly Announced Partnerships The Professional Institute of the Public Service of Canada aria BENEFITS 1. https://joppp.biomedcentral.com/articles/10.1186/s40545-022-00420-4#:~:text=In%202019%2C%20total%20prescribed%20drug,2%20as%20cited%20in%201%5D. 17#18Growth Strategy Growth Strategy: Provider Partnerships Today's providers benefit from a Virtual pharmacy partner that: Uses technology to reduce clinic administrative burden Provides Adhernance solutions and Data Pharmacy assisted chronic disease management Tech-forward & Virtual Patient Support Mednow Pharmacy is the official partner of Medcan Free, same-day delivery for Medcan patients Upload a new prescription Do you need a prescription? Hi, Ronald. How can we help you? Tak to a clinician Current Provider Partnerships Transfer a prescription to Mednow T & D O Chat with our Pharmacy What is the dispering fee mednow.ca 1-855-MEDNOW-1 O Onders 2 Profile mednow PHARMACY Poster from Medcan, Canada's largest private healthcare organization, partnership announced May 2023 MEDCAN LIVE WELL, FOR LIFE. Dexcom MedVisit Doctors Housecall Service CookieCutter.ca H INTEGRA HEALTH 18#19Financials A 19#20Financials Mednow is a B2B Healthcare Technology Company Specializing in Pharmacy-assisted Chronic Disease Management +$4.5M Run Rate Annualized Revenue Clear path to Break EVEN $3.1M Digital Pharmacy $1.4M Medvisit O Mednow for Business Private Payer Network: 500,000 lives and growing Great Place To Work® Certified NOV 2021-OCT 2012 CANADA Best Workplaces for Women Great Place To Work. CANADA 2022 Hi, Ronald. How can we help you? Upload a new prescription. Do you need a prescription? Transfer a prescription to Mednow Talk to a clinician O Chat with our Pharmacy What is the dispensing fee? Tal Google 5-Star Google Reviews (300+) > Orders > 8 Profile 28,000 Patients 8,000 pharmacy patients, 20,000 medical patients Mednow for Providers Significant partnerships established with multiple providers Perfect Google 5.0 rating Best place to work, tech, women and startup. Founder: Canada's Top 40 under 40 20#211. Financials Virtual Pharmacy Growth: Strong base developed in the "build phase" and now ready for Large Partnership Launches Early Strong Revenue Growth ¹ $4.1M $500K 720% Growth $2M Jan 22 $1.8M Jan '23 Qtrly Growth (Annualized Revenue) ¹ $3M $3M Jan ¹21 Revenue includes virtual pharmacy revenue and Medvisit (excludes Infusicare and Livercare) 150% Growth $3.3M $3.7M $3.9M $4.5M Fiscal Q1 Fiscal Q2 Fiscal Q3 Fiscal Q4 Fiscal Q1 Fiscal Q2 Fiscal Q3 2022 2022 2022 2022 2023 2023 2023 21#221. Financials Mednow APP Registrations & Pharmacy Patients 17K APP Registrations Since Release in March 2022 1K Jan '22 +700% Growth User Growth & Cost Reductions 6.9K 8K May '23 $5.9M Fiscal Q4 2022 Total Quarterly Overhead Costs $4.8M Fiscal Q1 2023 45% Reduction Jan '23 Pharmacy Patients $2M Adjusted Fiscal Q2 2023 Costs exclude: Livercare ($1.3M), Infusicare ($255K), one time Professional Fees ($720K), Rent adjustments ($150K), Lower employee costs ($75K) $4.5M Fiscal Q2 2023 $3.2M Fiscal Q2 2023 (Excluding Livercare) $2M Fiscal Q2 2023 1 Adjusted ¹#23Financials Recurring revenue model in Recession Resilient Industry with a Digital-led Margin Expansion strategy Gross Margin Expansion Road Map 12% Historic: Specialty + Chronic Medication Gross Margins 30% Current Chronic Medications Initial user Acquisition 40%+ Future roadmap: Chronic Conditions Virtual Clinical Services Non-Rx Sales SaaS Volume Increases 1. CIHI National Health Expenditure, 2019 0 Approximate spend per person in Canada on drugs per Year = $1,162 ¹ High Customer Retention 23#24Management Team A 24#25Management About the Founder & CEO CANADA'S TOP 40 UNDER 40 XI RX CarePharmacies SHOPPERS Loblaws Ali Reyhany CEO, Director & Co-Founder CEO and Co-Founder, Carepharmacies.ca, 2nd largest Largest consolidator of pharmacies 55+ Locations in 6 Provinces, $200M Revenue, BNN Bloomberg and Financial Post "Canada's Top 40 Under 40" 2020. Founder of Debwe, First nation Social Projects that have created profitable first nation owned pharmacies for fly in reserves. Bachelor of Science - Pharmacy from the University of Toronto. Invested $2.5M into the Company Since November 2022 25#26Management League CERIDIAN Dayforce Our Management Team has Proven their Ability to Scale and Operate World-Class Businesses David Marantz Chief Revenue Officer David has 15 years of experience working in sales, strategy and general management at leading HR, benefits and health technology companies, such as Dayforce, Ceridian (NYSE: CDAY) and League. MBA and HBA, in strategy and finance, respectively, from the Ivey Business School at Western University. Raji Al Kurdi Director of Pharmacy, Quebec Raji has 10+ years of experience working in pharmacy, with a focus on specialty and clinical services. For years, Raji built and ran Bioscript Quebec specialty pharmacy. Previously, Head of professional services at Pharmaprix (Quebec division of Shoppers Drug Mart) J.P.Morgan BMOM Ben Ferdinand (CPA, CMA, ICD.D) CFO Former CFO at a publicly traded medical health and wellness company, handling over $300M in acquisitions and raising $70M.¹ Investment banking in New York at JP Morgan (NYSE: JPM) and in Toronto at BMO (TSX: BMO). Served on the boards of CanDeal Inc. and Shorcan Brokers Ltd. MBA from Ivey Business School at Western University. Felipe Campusano, RPh Director & Co-Founder Felipe is a Co-Founder of the Care Group of Pharmacies. He purchased his first pharmacy the day he graduated pharmacy school and has since expanded his pharmacy and healthcare operations to include ov 70 businesses earning approximately $180 million in annual revenue. Felipe is also the Founder and Chair of Liver Care Canada, a network of specialty liver disease treatment clinics. He holds a pharmacy degree from the University of Toronto and a Bachelor's of Science degree from Queen's University. 26#27CAP Table Corporate Structure TSX-V Symbol: MNOW OTCQB: MDNWF Market cap: C$7M¹ Cash balance: C$1.9M³ Share outstanding: 25M Options: 3.7M² Warrants: 13.9M² Insider ownership: ~47% 1. As of May 26, 2023 2. Option strike price of $1.26; warrant strike price of $0.39 3. As of January 31, 2023, pro forma for equity raise on May 15, 2023 27#28Be where pharmacy is going, not where it has been. Thank You 28