1Q21 Investor Update slide image

1Q21 Investor Update

FIRST QUARTER BUSINESS HIGHLIGHTS Sustained positive trendlines for growth and profitability despite headwinds 1 X Q1 Performance Highlights Generated record Combined Revenue of $92.5 million and Adjusted EBITDA of $10.4 million 2 3 4 5 Eleven markets generated positive adjusted EBITDA, including Virginia, which achieved profitability within 90 days of first sale In January, closed The Healing Center San Diego dispensary acquisition and launched adult-use sales in Arizona dispensaries earlier than expected Florida momentum continues, with revenue up 58% sequentially and gross margin improvements of more than 2,000bps QoQ driven by operating efficiencies, improved flower inventory and new product launches Grew wholesale operations across the portfolio, up 713% year over year, as supply chain improves upon cultivation and automation upgrades Post-quarter close, acquired New York cultivation facility; launched national retail brand Cannabist and opened first Cannabist location in Springville, Utah Columbia Care's 15th active market MBIA LABEL (10%) MINT TRACT REE 30 ML pplement 6 COLUMBIA COLUMBIA PLATINUM L. CBD OIL (1 PEPPERMI HEMP-EXTR THC FRE 1000 MG/ Nutritional Su PLATINUM LABE Columbia Care™
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