Canadian CANNAINVESTOR Magazine May 2017 | Page 102

Expansion Opportunities Overview

California Opportunity

•With state regulation being introduced in California, the company is developing a potential strategies to secure a license and enter the edibles market

•Some studies estimate that California accounts for as much as half of total legal cannabis sales in the United States, est. at $2.7 billion in 2014

•In Sept 2015, the legislature introduced regulations contemplating 17

license categories, expected to be implemented by different state departments by Jan 1, 2018

•Proposition 64 has legalized cannabis for adult recreational

use

Arizona Opportunity

•NH is considering an application for a processing license once the licensing becomes available

•In discussions with several potential acquisition targets

Michigan Opportunity

•Voters approved the Michigan Medical Marihuana Act on

Nov 4, 2008

•Application submissions after Dec 15, 2017

•211,000 estimated patients

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