Clever Leaves SPAC Presentation Deck
Europe is Primed for Cannabis
The combination of high start-up costs, regulatory viability, pricing and economic strength position
Europe as the biggest cannabis opportunity when compared to existing geographies
United States
Geography
Population (1)
GDP (US$) (¹)
Cannabis Legality
Start-up Costs
Number of Licensed
Cultivators
Average Price per
Gram of Cannabis
Flower at Retail
(US$) (5)
Canada
38 million
$1.7 trillion
Legal and regulated
Low
-390 (2)
Note: Nominal GDP: $ in US$: 0.90 EURO:1.00 USD. 1.38 CAD:1.00 USD as of 05/29/20
(1) Source: World Bank Open Data
(2) Source: Health Canada as of 05/22/20
-$7.40
Canada (6)
(3) Source: AmericanMarijuana.org
(4) Source: Prohibition Partners "The European Cannabis Report" published in January 2019. Reflects 2018 prices
327 million
$20.5 trillion
Federally illegal
West Coast: Very Low
East Coast: Moderate
2,000+ (3)
-$5.10
US (7).(8)
Europe
FILAMA
741 million
$18.8 trillion
Country-specific
-$9.30
High
~50+ (4)
Europe (4)
(5) Average prices rounded to nearest $0.10
(6) Source: StatCan. Reflects 4Q'19 retail prices
(7) Derived from US spot rate wholesale prices per pound. Reflects 2019 average
(8) Assumes retail premium to wholesale equal to Canada
(9) Source: MJBiz Daily "Germany reveals wholesale...windfall for suppliers" published on 11/22/19
CLEVER
LEAVES
-$22.00
Germany (⁹)
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