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
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