Investor Presentaiton
CANOPY USA1: STRATEGY CONTINUES TO ADVANCE, U.S. THC
PLATFORM DEMONSTRATES ASSET-LIGHT GROWTH CAPABILITIES
ACREAGE4 - MSO
WANA² - GUMMIES
An innovative North American
cannabis edibles brand
JETTY3 - EXTRACTS
Authentic vape experience and
award-winning technology
WITH ICE AND
Vertical integration from
cultivation to retail
TERRASCEND5-MSO
Vertical integration in in PA, NJ,
MI & CA, licensed operations in MD
шара
Enhance
Diverse edibles portfolio including
fast-acting and targeting specific
need-states
Active in 16 states, Puerto Rico and
Canada
MADE WITH ICE AND
JETJETPUETT
SOLVENTLE
FRUIT SALAD
INDICA
SOLVENTLES
FRUIT SALAD
Leading solventless vape brand in
California6
Additional products include Pre-
Rolls, Concentrates and Edibles
Recently expanded to CO and NY
Acreage
Operates under The Botanist retail
banner
Brands include Superflux, The
Botanist and Prime Wellness
Active in NY, NJ, OH, PA and IL
TERRASCEND
Operates under The Apothecarium
and Gage retail banners
Brands include owned and licensed
brands across multiple categories
Canopy owns -17% minority stake
1. Canopy USA holds the U.S. THC investments that were previously held by Canopy, which is expected to enable Canopy USA to exercise rights to acquire Acreage, Wana and Jetty and evaluate all options with respect to its conditional ownership of TerrAscend. However, prior to such exercise
or acquisition, Canopy must, among other things, obtain regulatory approval of its proxy statement and requisite shareholder approval for the creation of a new class of non-voting, non-participating exchangeable shares (the "Non-Voting Shares"). Canopy holds the Non-Voting Share until such
time as Canopy converts the Non-Voting Shares into common shares of Canopy USA. Canopy will have no economic or voting interest in Canopy USA, Acreage, Wana, Jetty or TerrAscend and these entities will continue to operate independently of Canopy. See risk factors described in the
Disclaimers and Cautionary Statements section of this Presentation.
2. Until such time as Canopy USA elects to exercise its rights to acquire Mountain High Products, LLC, Wana Wellness, LLC and The Cima Group, LLC, Canopy USA will have no direct or indirect economic or voting interests in Wana, Canopy USA will not directly or indirectly control Wana, and
Canopy USA, on the one hand, and Wana, on the other hand, will continue to operate independently of one another.
3.
4.
Until such time as Canopy USA elects to exercise its rights to acquire Lemurian, Inc., Canopy USA will have no direct or indirect economic or voting interests in Jetty, Canopy USA will not directly or indirectly control Jetty, and Canopy USA, on the one hand, and Jetty, on the other hand, will
continue to operate independently of one another.
Until such time as Canopy exercises its right to acquire the Class E subordinate voting shares of Acreage and Canopy USA acquires the Class D subordinate voting shares of Acreage, neither the Company nor Canopy USA will have any direct or indirect economic or voting interests in
Acreage, neither the Company nor Canopy USA will directly or indirectly control Acreage, and each of the Company, Canopy USA and Acreage will continue to operate independently of one another.
5. Canopy USA currently holds certain exchangeable shares, options, and warrants in TerrAscend, and holds a conditional ownership position, assuming conversion of its exchangeable shares, but excluding the exercise of its warrants, of 17.47% in TerrAscend at June 30, 2023
6. Based on August 2023 BDSA data for dollars sold for all product categories.
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