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Grand Rio

08/29/18 4:47 PM

#1045 RE: tomdoc #1044

Recent Business and Financial Highlights

-- Record quarterly revenues of US$3.7 million for Q2 2018, compared to US$2.1 million for Q2 2017

-- Opened Chalice Farms dispensary, located in Happy Valley, Oregon

-- Signed letter of intent to acquire cannabis dispensary operation in Northern California

-- Hired Ryan Purdy as Vice President of Operations

-- Appointed Rick Miller to Board of Directors and to serve as its Chair

-- Announced election of John Varghese and Michael Crooke to the Board of Directors

Subsequent Events:

-- Announced definitive agreement to acquire "Sweet 16" license in Northern California

-- Announced definitive agreement to acquire Tahoe Hydroponics Company and 11T Corp

-- Introduced several cannabis concentrate product lines available in Nevada

-- Received license approval from City of Portland and State of Oregon for extraction facility