Investor Presentaiton
(3)
223
(1)
(2)
GRASSROOTS KEY STATE | MARYLAND
(1)
Operations Overview(2)
2 operational dispensaries
•
1 dispensary is movable anywhere in the state, allowing
for retail fleet optimization in a fast-growing medical
market with over 100,000 active patients and annualized
March sales of over $400M
55,000 square feet grow and processing facility
•
Fully built-out and operational
Recently completed expansion doubled cultivation
capacity
Vertically integrated with significant cultivation capacity
int
Emmitsburg
15
194
Taneytown
104
(140)
Westminster
Union Bridge
Alto Vista
New Windsor
Woodsboro
(439
Manchester
23
White Hall
Hampstead
(25)
Monkton
4
146)
Jarrettsville
Transaction Highlights
Immediate synergies with increased cultivation from 20,000
to 55,000 square feet and an optimized fleet of 4
dispensaries
•
The only MD operator with vertical operations and the
maximum 4 dispensaries
2 moveable dispensary licenses provide optionality, allowing
Curaleaf to move the licenses to the best retail locations in
the state
Market projected to grow from $252M in 2019 to $1.3B in
2025(3)
MD state legislature studying adult-use legalization, potential
for adult-use legalization provides further market upside
Improves Curaleaf's leading retail footprint in MD
Combined company to have 4 operational dispensaries
including 2 movable licenses
Curaleaf plans to divest the additional dispensary licenses,
further strengthening the company's balance sheet(1)
Increases cultivation capacity to 55,000 square feet
Grassroots Dispensary
Curaleaf Dispensary
Finksburg
Cockeysville
Reister n
Lutherville-Timonium
Owings Mills
(25)
lersburg
Towson
•
Grassroots Production
White Ma
sville
13
Provides Curaleaf with an upsized, newly expanded facility
in an undersupplied market
Middle
Moveable license
West
endship
•
Baltimore
605
Ellicott City
Curaleaf plans to divest its current MD processing and
cultivation operations for further value maximization (1)
Dundalk
Clarksburg
Clarksville Columbia
Linthicum
Heights
295
Germantow
Olney
Be
Gaith ourg
Glen Burnie
10
Fort Meade
100
Pasadena
curaleaf
27
Consolidation of the Grassroots Maryland assets (2) assumes the disposal of Curaleaf's current MD cultivation and processing operations and that the combined company holds no more than 4 dispensary licenses and complies fully with all MD laws and regulations.
Certain entities are subject to option agreements, service agreements, or similar contractual relationships which 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.
Arcview Market Research, State of Legal Cannabis Markets 8th Edition.View entire presentation