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Investor Presentaiton

Investment Thesis ✓ Low cost of cultivation¹, debunking claims indoor high quality production = high cost ✓ Sales in all 10 provinces with estimated YTD national market share of 10% in adult-use recreational market ✓ Strong execution reflected in fiscal 2019 operating and financial results ✓ Positioned well for Rec 2.0 -edibles and derivative products launch: product portfolio initially focused on 2 most popular form factors, vape pens and edibles ✓ Invested in biosynthesis to produce cannabinoids at a fraction of traditional cultivation costs ✓ Attractive market valuation relative to Canadian LP peers ✓ Disciplined capital allocation focused on maximizing return on investment for shareholders 1 Cost of cultivation per gram is a non-IFRS measure. See the final slides in this presentation 17 2 Based on the Company's analysis of available data including, but not limited to, market share data from select provinces and various public data ORGANIGRAM
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