Building National Brand and Product Portfolio slide image

Building National Brand and Product Portfolio

1) EMBEDDED UPSIDE IN TRANSITIONING GROWTH MARKETS Columbia Care in Virginia Columbia Care in New York Columbia Care in Maryland $1B+ Projected TAM(1) Leaf Medical Cannabis Leaf Medical Cannabis $3B+ Projected TAM(1) gLea gLeaf Medical Cannabis gLeaf $5B+ Projected TAM(1) 4 Retail Locations (3 Active, 1 In Development) ~59,040 sqft Existing Cultivation & Production Capacity ~3k sqft Additional Cultivation & Production Capacity 12 Retail Locations (9 Active, 3 In Development) ~147,765 sqft Existing Cultivation & Production Capacity ~30k sqft Additional Cultivation & Production Capacity 8 Retail Locations (4 Active, 4 In development) ~148k sqft Existing Cultivation & Production in Rochester and Phase 1 of Long Island greenhouse ~650k sqft Additional Cultivation & Production Capacity in Riverhead, NY; First Harvest Completed in Dec 2021 MARKET UPDATES Legislation signed, legalizing adult-use cannabis. Sales began on July 1, 2023, allowing for legal possession of up to 1.5 ounces of cannabis Existing operators will pay a fee to convert licenses from medical to adult-use Legislation proposes the issuance of 120 retail licenses, 25 grower licenses and 25 processing licenses, growing the wholesale opportunity in the state MARKET UPDATES • New regulations in effect July 1, 2022 removed the state registration card process. Patients are able to bring written certifications directly to dispensary, which has facilitated a growth in patient registrations to more than 45,000 Adult-use sales awaiting final legislation with an official start date. Legalizing possession and personal cultivation without providing for legal commerce is increasing pressure on lawmakers to work across the aisle to put forth a plan for a retail market Flower introduced to the medical market in September 2021 Estimated Sales figures from BDSA Market Forecast as of February 2023, broker research, Company estimates MARKET UPDATES On March 31, 2021 Legislation (S.854-A/A.1248-A) was signed, legalizing adult-use cannabis and expanding medical marijuana; adult use expected in 2023 and regulator communicated the intent for medical companies to wholesale to initial social equity retailers Access to the medical cannabis program has expanded; whole cannabis flower entered market in October 2021 Columbia Care is among existing Registered Organizations that will be able to operate up to 8 retail locations (5 medical + 3 co-located medical/adult-use) and remain vertically integrated 9
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