Investor Presentaiton
APPENDIX
Massachusetts market overview
• Parallel is the market share leader by net revenue in
Massachusetts and controls two highly successful dispensaries
with plans to open a third in Q2 20211
• Following a slow rollout in 2018, the Massachusetts adult-use
market eclipsed $445 million in legal sales in 2019, and despite a
statewide moratorium in April and May 2020, sales grew 58%
year-over-year to the tune of $702 million²
• Annual legal cannabis spend is expected to reach $1.5 billion by
2025, growing 16% per year and becoming the eighth-largest
market in the country 1,3
$702M
IN ADULT-USE SALES
FY2020²
MASSACHUSETTS LEGAL CANNABIS SPENDING 1,3
($USD in billions)
שיי
MONTHLY REVENUE PER DISPENSARY (FIRST 9 MONTHS OF ADULT-USE SALES)4
+16% CAGR
1.5
($USD in thousands)
1.4
1.2
2,833K
1.1
0.9
0.7
0.5
1,056K
778K
300K
289K
278K 267K
256K
2019
2020
2021
2022
Medical-use
2023
Adult-use
2024
2025
MA
NV
AZ
CA
WA
MD
CO
CANADA
1. See "Forward-Looking Statements" disclaimer on slides 3-4 and financial assumptions on pages 57-58. 2. Massachusetts Cannabis Control Commission as of January 2021. 3. Arcview Market Research / BDS Analytics, The State of Legal Cannabis Markets, 8th
Edition and financial assumptions on pages 57-58. 4. Company estimates based on Stifel Nicolaus Cannabis Primer, August 2019.
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