1Q21 Investor Update
ONE OF THE NATION'S LARGEST & MOST EXPERIENCED MSOS
Addressable market is >53% of the U.S. population (1) with significant upside potential
I
Adult Use Anticipated
Adult Use & Medical
I
Columbia Care U.S. Footprint
Medical Only
Pursuit Activity
Conversion to Medical and Adult-Use Offers Significant Upside
Columbia Care has experienced 3x-4x top-line revenue growth in states that
have already converted from medical-only to medical and adult-use
$31B+
Projected 2026 TAM in
Licensed US
States (2)
Adult-use sales have begun in Arizona and are expected in New Jersey in
2021, New York in 2022, and Virginia in 2024
Columbia Care's expansive footprint is well positioned for the anticipated
conversion of additional markets
State
California
Colorado
Arizona
Florida
Illinois
Massachusetts
Pennsylvania
Maryland
Ohio (3)
New Jersey
New York
Utah
Missouri (3)
Delaware
Washington DC (³)
Virginia
West Virginia
TOTAL
*Adult-use sales pending
1)
US Census Bureau, Company estimates, Gallup poll, as of Nov 2020
2) Estimated Sales figures from BDSA Market Forecast as of February 2021, broker research, company estimates
3) Consultative services provided pursuant to terms of a management services arrangement
Columbia Care Addressable Market (²)
Population (M) Est 2021 Sales (US$M) Est 2026 Sales (US$M)
39.6
5.7
7.2
21.3
12.7
6.9
12.8
6
11.7
8.9
19.5
3.2
6.1
1
0.7
8.5
1.8
173.6
GA
$
SA
$
$
EA: EA
$
GAGA
GA
EA: EA
$
$
GA
EA: EA
$
$
Ꭿ
4,109.7
2,457.0
1,493.6
1,475.9
1,229.5
1,196.0
705.3
565.5
369.0
248.9
149.2
76.4
75.3
51.3
39.6
20.9
19.1
14,282.1
$
SA
$
$
$
$
$
$
$
EA: LA
$
6,909.3
2,715.9
1,817.3
2,551.5
1.781.0
1,784.8
1,320.4
1,386.6
1,363.8
3,000.0 (2)
5,000.0(2)
295.3
862.6
165.1
219.0
424.6
32.8
31,630.0
Status
Both
Both
Both
Medical
Both
Both
Medical
Medical
Medical
Both*
Both*
Medical
Medical
Medical
Medical
Both*
Medical
Licenses
Unlimited
Unlimited
Limited
Limited
Limited
Limited
Limited
Limited
Limited
Limited
Limited
Limited
Limited
Limited
Limited
Limited
Limited
01
5
Columbia Care™View entire presentation