Investor Presentation

ᏤᏤᏤ ᏤᏤᏤᏤ V V V V Longmont Niwot Boulder OUTLOOK Denver Colorado Springs Huerfano County Dominant Cannabis Retail Position in Colorado Commerce City Aurora Pueblo Ordway Las Animas Rocky Ford Population LTM Incidence (18+) Tourism Spend State GDP Rank Medical / Recreational Total Dispensary Count Recreational Licenses Medical Licenses Cultivation Licenses Unique Cultivators Regulatory & Market Dynamics * Schwazze™ 5.8M 27% $24B 16th 2008 / 2014 -800 -570 -440 474 377 ▪ 2017/2018, market oversaturated with operators - 2019, market has experienced stable growth & is beginning to consolidate OTCQX: SHWZ | 23

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