Investor Presentaiton
COMPANY OVERVIEW
Key markets with scalable assets
FL
STATE
MARKET INFORMATION1,2
ASSET OVERVIEW²
שיי
Population: 22 million
Medical market
2025E market size: $5 billion
39 operating dispensaries, 18 additional opened by YE 2022
Currently operating 2 cultivation and production facilities with 225,000 square
feet of canopy, will total 270,000 SF of canopy by YE 2021
MA
Population: 7 million
Medical and adult-use market
2025E market size: $1.5 billion
2 operating dispensaries, 1 additional opening in Q2 2021
Currently operating 1 cultivation and production facility with 33,000 square
feet of canopy, expected to start construction in late 2021 on a second
facility to increase canopy to state statutory limit of 100,000 square feet
NV
Population: 3 million
Medical and adult-use market
2025E market size: $1.4 billion
1 operating dispensary, transforming to a Cookies flagship store
Currently operating a cultivation and production facility with 11,000 square
feet of canopy; real estate is owned
TX
Population: 29 million
Medical market
2025E market size: $900 million
1 of only 3 license holders
Building a multi-phase cultivation and production facility in San Marcos, TX
that is expected to total 12,500 square feet of canopy by the end of 2021
PA
Population: 13 million
Medical market
2025E market size: $5.5 billion
1 of only 8 vertically-integrated Clinical Research licenses
6 dispensaries by the end of 2021
Building a multi-phase cultivation and production facility that is expected to
total 50,625 square feet of canopy by mid-2022
1. Market size estimates for Texas assume a full medical-use program, and market size estimates for Florida and Pennsylvania assume full adult-use programs. 2. See "Foward-Looking Statements" disclaimer on pages 3-4 and financial assumptions on pages 57-58.
Sources: Arcview Market Research / BDS Analytics, The State of Legal Cannabis Markets, 8th Edition, Brightfield Group, Virginia JLARC November 2020 report, Company estimates.
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