Retail Update and Investment Thesis
EXPANDING FOOTPRINT
5 → 7 states (1.2)
21 → 34 dispensaries (1.2)
ILLINOIS
8 retail
1 cultivation / processing
MASSACHUSETTS
2 retail
1 planned retail¹
1 cultivation / processing
MICHIGAN
7 retail
1 planned retail1
1 cultivation processing
NEW JERSEY
2 retail
1 planned retail¹1
1 cultivation processing
OHIO
2 medical retail
1 cultivation / processing
PENNSYLVANIA¹
6 planned medical retail
licenses
1 planned cultivation /
processing
NEW YORK²
4 medical retail licenses
1 cultivation / processing
ILLINOIS
MASSACHUSETTS
NEW JERSEY
AWH
MICHIGAN
OHIO
NEW YORK
PENNSYLVANIA
Current Operations
Not yet operating
licenses or transaction
pending (1,2)
2020 YE
12 Dispensaries
74,000 ft² Canopy
2021 YE
20 Dispensaries
175,000 ft² Canopy
Q1 2022/CURRENT
21 Operating Dispensaries
9 Additional Dispensary Licenses¹
213,000 ft² Canopy
2023 YE
7 States (1,2)
34 Operating Dispensaries (1,2)
1. License is owned by AWH, but the site is not yet operational and/or under construction.
2. Includes NY transaction which is expected to close in the coming weeks. The transaction would include 4 operating dispensaries and 1 cultivation facility.
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