Waterloo Brewing Investment Highlights

1 Flexible, State-of-the-Art and Expandable Production Facility Waterloo's facility is a competitive advantage that allows the Company to produce a broad range of products Equipment / Facility Leadership / People Capability / Quality / Safety ☐ Differentiators State-of-the-art technology is flexible and regularly produces a wide variety of beverages including beers, RTDs, cider and co-pack beverages Anticipating extension of this capability into the development and production of CIBS, expected to become legal in Canada in October 2019 after the publication of federal regulations Waterloo's team has expertise in successfully developing and producing new beverages Examples include Grapefruit Radler, Oktoberfest Festbier and Salted Caramel Porter Understand the high quality necessary for new product introductions Invested C$33mm in capacity, capability, safety and quality improvements Certified under the internationally recognized Global Food Safety Standard (GFSI-FSSC 22000) Large brewers rely on these standards when awarding co-pack business Geographic Presence Size / Capacity Speed to Market Waterloo is located in an ideal geographic location to service and support the high population areas of Ontario and Quebec and eventually the U.S. Ontario represents 98.6% of Waterloo's FY18A revenue and 38.7% of Canada's population Waterloo's facility has optimal flexibility and scale for success as a licensed CIB manufacturer Available production capacity allows Waterloo to scale up for widespread national production of multiple products Expandable to further increase plant capacity to 1mm HL / year Waterloo's team produces multiple new products each season and has the experience to develop, manufacture and distribute CIBS Already working on cannabis R&D and processing licenses and supply agreement with a federally licensed partner 10 WATERLOO0 -BREWING-

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