Investor Presentaiton
(1)
(2)
22
(1)
STRONG POSITION ACROSS 10 ADDITIONAL STATES
In addition to IL, PA, and MD, Grassroots strengthens Curaleaf's operations in several states and gives Curaleaf access to new markets
States Complimentary to Current Curaleaf Operations
OHIO
⚫ 7th most populous state in U.S.
Limited-license market
•
⚫ Nearly 100,000 registered patients
• Grassroots completes Curaleaf's
vertical integration in the state,
adding 2 operating dispensaries to
Curaleaf's 32,000 square feet
processing and cultivation facility
MICHIGAN
•
10th most populous state in U.S.
.
Newly adult-use state, over $700M
.
in annualized April sales
Grassroots 4 operating
dispensaries, combined with license
to build out 42,000 square feet of
production, will accelerate Select's
growth in the state and provide
Curaleaf with established retail
footprint
•
•
•
•
ARIZONA
One the largest medical
marijuana markets in the U.S.
Over 230,000 patients
Potential adult-use legalization
in Nov. 2020
Grassroots to add 1 dispensary
license to Curaleaf's current 8
operational dispensaries to
further strengthen leading
retail footprint in this key state
•
CONNECTICUT
Limited-license state
40,000+ patients, recent
approval of Chronic Pain as
qualifying condition
• Provides Curaleaf with 4th
dispensary license (of 18 total
.
in the state), enhances current
vertical operations
Governor supports adult-use
legalization
New States for Curaleaf
NEVADA
⚫ Robust adult-use market
with over $700M in total
sales in 2019
Combined company to have
10 dispensary licenses and
significant production
capacity in this key state
OKLAHOMA
• Fastest-growing medical market
in U.S., May annualized sales
nearly $900M
Grassroots retail footprint to
compliment recent rollout of
Select brand in the state
NORTH DAKOTA
⚫ Limited-license state
VERMONT
⚫ Limited-license state
•
Grassroots has 1 of 2 production
• Adult-use legal - framework
•
licenses, 4 of 8 dispensary
licenses
33,000 square feet cultivation
facility
Current petition drive to get
adult-use on the ballot in Nov.
2020
•
for regulated adult-use sales
in process
Grassroots is vertically
•
•
integrated with 3 operational
dispensaries
•
ARKANSAS
Limited-license state
Incumbents to capture
greater market share with
state not currently accepting
new applications
Grassroots has one
operational dispensary in
Little Rock, largest city in the
state
MISSOURI (2)
Newly legalized medical
market, sales expected to
start in late 2020
5 dispensary and 3
processing licenses through
relationship with local
partner
Certain entities are subject to option agreements, service agreements, or similar contractual relationships which may require state or local approval and licensing prior to close. In certain overlap states, there will be certain asset disposals to comply with local licensing limitations.
Missouri licenses held through relationship with local partner, and may be subject to option agreements, service agreements, or similar contractual relationships which may require state or local approval and licensing prior to close.
28View entire presentation