CANADA

CANADA OPERATION

Canada is a recreational cannabis market that has tremendous future growth in retail due to nascent rollouts in various provinces.

Medical use because legal in 2001 and recreational use in 2018.
Recreational sales were $907M in the first year and sales are expected to grow to over $3B annually by 2022.
In Canada (37.6M people) over 17% over 15 have used cannabis in the past year.
Ontario (14.6M people & largest population) switched from a government-led retail model to a private retail model in 2019.
Manitoba (1.4M people) opened to new store applicants in 2020.
In Alberta (4.7M people) there are over 400 retail license holders, primarily in the greater Calgary area.

LOW-COST STRUCTURE
To drive profitability

ACQUISITION EXPERIENCE
To make accretive deals

ADMINISTRATIVE SUPPORT
To scale the business

KNOWLEDGABLE OPERATORS
To strategically grow operations