Company Overview

Company Medicine Man Technologies Pro forma organization includes 34 dispensaries, 13 cultivations, 5 manufacturing facilities (MIPs) and 1 consulting business unit. Pro forma combination generates FY'19 estimates of ~$144MM of revenue (¹) Starbuds Medicine Man Denver Straw berry Fields Project X Medically Correct Los Sueños Roots Rx Colorado Harvest Company Purplebee's Canyon Dabble Extracts Total Locations Total Sq. Ft. (000's) MEDICINE MAN TECHNOLOGIES M MEDICINE MAN Strawberry Fields Medically Correctuc LOS Sueños RECREATIONAL COLORADO X Purplebee's- CANVON PRO FORMA COMPANY SNAPSHOT W DABBLE Retail 13 4 4 6 3 4 34 64 Cultivation 1 1 1 2 4 2 2 13 Wholesale 2,139 Manufacturing 1 1 1 1 1 5 23 Other (2) 3 3 MEDICINE MAN TECHNOLOGIES Medicine Man Technologies Benefits from Several Factors of the Colorado Market Governor Polis embraces the industry and focused on pushing a customer- focused approach to regulation Clear Regulatory Structure Conducive to Business Modest sales tax regime compared to other states High Customer Adoption Rate Nearly twice of Coloradoans participate compared to other states (3) Large, Highly Fragmented Market Note: These figures are unaudited and represent the Company's current estimates. These figures are subject to adjustment and change upon completion of the audits for each of the entities included therein (1) Revenue after elimination of $26MM of intercompany payments. PCAOB / Quality of Earnings audits currently underway, anticipated for completion April 2020 (2) Inclusive of consulting, Big Tomato and Success Nutrients™ businesses (3) Wall Street research. At an estimated 25%, the illicit market is quite low compared to other states (3) 6

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