1Q22 Investor Update
PRIORITY GROWTH MARKETS
1)
Columbia Care in New York
.
$5B+
Projected TAM(1)
8 Retail Locations (4 Active, 4 In development)
-90k sqft Existing Cultivation & Production in Rochester
and Phase 1 of Long Island greenhouse
-910k sqft Additional Cultivation & Production Capacity
in Riverhead, NY; First Harvest Completed in Dec 2021
MARKET UPDATES
On March 31, 2021 Legislation (S.854-A/A. 1248-A) was signed,
legalizing adult-use cannabis and expanding medical marijuana; adult
use expected in 2023 and regulator recently communicated the intent
for medical companies to wholesale to initial social equity retailers.
Access to the medical cannabis program has expanded; whole
cannabis flower entered market in October 2021
Columbia Care in New Jersey
$3B+
Projected TAM(1)
3 Retail Locations (2 Active, 1 In Development)
~50k sqft Existing Cultivation & Production Capacity in
Vineland, NJ
~270k sqft Additional Cultivation & Production Capacity
in development in Vineland, NJ
MARKET UPDATES
Adult use began at two Cannabist locations in April 2022, on the first
day of New Jersey adult use sales in the state.
Columbia Care is among the existing medical operators able to
operate up to 3 co-located retail locations, 2 cultivation facilities
providing up to 150k sqft of cultivation canopy.
Columbia Care will open 1 additional retail location in 2022 and
expand canopy with second cultivation facility in Vineland.
Columbia Care is among existing Registered Organizations that will
be able to operate up to 8 retail locations (5 medical + 3 co-located
medical/adult-use) and remain vertically integrated
Estimated Sales figures from BDSA Market Forecast as of March 2022, broker research, Company estimates
Columbia Care in Virginia
.
$3B+
Projected TAM(¹)
Leaf
Medical Carabis
gLeaf
12 Retail Locations (4 Active, 8 In Development)
~147,765k sqft Existing Cultivation & Production
Capacity
-30k sqft Additional Cultivation & Production Capacity
C
MARKET UPDATES
New regulations take effect July 1, 2022 that will remove the state
registration card process. Patients will be able to bring written
certifications directly to dispensary, which is expected to facilitate a
growth in rate of patient registrations.
Adult-use sales awaiting final legislation with an official start date.
Legalizing possession and personal cultivation without providing for
legal commerce is increasing pressure on lawmakers to work across
the aisle to put forth a plan for a retail market.
Flower introduced to the medical market in September 2021
12View entire presentation