Chalice Brands Ltd (CHALF)

[MariCanni]

From Corporate Presentation.

Current Oregon & Washington Business
• Strong growth expected to continue – gross revenue of $25-35m for 2017, growing at a 25-50% CAGR over
next 2 years
• 2017 EBITDA margins of ~11%; expected to reach ~30% by 2019
Chalice Farms
• Planned opening of two new retail locations in 2017, with ability to accelerate build-out
• Average retail location expected to generate ~$3m sales on average, doubling within 2 years of opening
• Short term EBITDA margins targeted at approximately 15%, long term forecast of >30%
Nevada Farms
• $3-4m in revenues expected for 2017, growing to $13-15m by 2019 driven by high growth from the newly
legalized Nevada market
• EBITDA contribution of ~20% expected in the first year; long term forecast of approximately 40%
Juju Joints
• Targeting sales of approximately $5m by 2019 fueled by rapidly expanding retail distribution channels
• Short term EBITDA margins targeted at ~30%, rising to ~40% over the next two years
MMG
• Approximately $10m revenue in 2019 assuming full adult recreational legalization in the Canada, at over 20%