1Q22 Investor Update
Besar
www
Aurora, L
Steele, CO
Arcadia, Fl
CAUTION H
CULTIVATION HIGHLIGHTS
Lower Average Production Costs and Improving Quality
130K+
693K+
Incremental Sqft
Added in Q1 2022
Total Planned Sqft
Incremental Capacity
Market
AZ
CA
CO
FL
ΜΑ
NY
NJ
OH
PA
VA
WV
Status
Ongoing
Complete
Complete
Ongoing
Ongoing
Ongoing
Ongoing
Complete
Ongoing
Ongoing
Complete
Key Cultivation Upgrades & Expansions
65 grams
Average Yield per Sqft
(DWE per harvest)
Notes
Tempe Manufacturing facility to be completed in 1H 2022
LED installation to increase yield and efficiency 100% complete
Completed all planned CAPEX spend/capital improvements in indoor Steele, CO facility.
Improvements to outdoor grow materializing with harvest that began in late Q3 2021
14
Phase I of Alachua facility and canopy upgrades completed. Phase II to complete 1H 2022.
Upgrades to manufacturing and processing equipment, evaluating options for additional canopy
Cultivation operations for Phase I complete, subsequent design and construction phases to
underway in 2022
Second cultivation facility in Vineland II is under construction to complete Phase I in 1H 2022
Phase I of incremental canopy construction completed Q1 2022. Phase II to be completed in 1H
2022
Phase I expansion of gLeaf cultivation facilities to be completed in 1H 2022
Construction of cultivation expansion to complete 1H 2022
Cultivation operations began in July 2021. Assessing a second site to expand canopy in WV.
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