Investor Presentaiton
APPENDIX
Florida market overview
• Since the opening of the market in 2016, Florida has been the fastest
growing medical-only cannabis market in the world
• Florida currently has 462,000+ active patients on the medical
cannabis registry¹, a ~53% year/year increase
Following the successful introduction of flower in 2019, rules for the
introduction of edibles/marijuana-infused products (MIPS) were put in
place in August 2020 and are likely to stimulate additional market
growth²
• Adult-use legislation is strongly anticipated by 20222
• Legal cannabis spending in Florida will likely reach $5B by 2025 and
create the third-largest market in the U.S.2,3
FLORIDA LEGAL CANNABIS SPENDING 2,3
($USD in billions)
79%
of Florida residents can reach a
Parallel store by car within 30
minutes4
NUMBER OF DISPENSARIES1,5
5.0
+40% CAGR
4.5
72
4.1
2.0
1.7
1.2
0.7
39
36
29
29
28
80
24
24
שיי
18
16
14
7 7
2019
2020
2021
2022
2023
2024
2025
Trulieve
Parallel
Curaleaf
Muv
Liberty
Health
Fluent VidaCann
Grow Columbia Rise
Healthy Care
One Plant
Medical-use
Adult-use
48
1. Florida Office of Medical Marijuana Use, as of January 8, 2021. 2. See "Forward-Looking Statements" disclaimer on pages 3-4 and financial assumptions on pages 57-58. 3. Arcview Market Research / BDS Analytics, The State of Legal Cannabis Markets, 8th
Edition, Company estimates. 4. Based on ESRI 2020 business analyst data. 5. Not shown: MedMen (10), Harvest (6), The Botanist (1), Revolution Florida (0), Perkins Nursery (0), Green Ops Group FL, LLC (0), Sanctuary Medicinals (0), The Flowery (0), Green Dragon (0).View entire presentation