Acquisition of GrowHealthy

Proforma East Coast Footprint Population 2018E Market Size Expected Equity Ownership Facilities Competition New York ICITIVA 20.0 million $340 million 100% (¹) 4 dispensaries 1 cultivation facility 1 of 10 licenses Massachusetts Vermont Mayflower 6.8 million $455 million 100% (2) 3 dispensaries 1 cultivation facility 1 of ~35 licenses 4) grassroots 2) vermont 0.6 million $20 million 100%(3³) 2 dispensary (4) 1 cultivation facility 1 of 5 licenses Florida Grow Healthy 21.0 million $380 million 100% 25 disp. 1ultivation facility 1 of 13 licenses Total 48.4 million $1.2 billion 34 disp. 4 cultivation facilities 48.4 million residents and US$1.2 billion 2018 market with limited competition NOTES ¡Anthus 1) Assuming completion of acquisition. Transaction expected to close Q1 2018 Assuming exercise of option to acquire remaining 20% of Massachusetts for an additional $4.0 million, announced January 2, 2018 3) As of January 1, 2018 Grassroots entered into a management contract with 100% owned iAnthus management company Recent legislation allows Grassroots Vermont to open an additional dispensary (2 total) and will also grant one additional license (5 total) 17 Acquisition Overview. January 2018 12 weighted average competitors

View entire presentation