#MJBizCon© 2017 Anne Holland Ventures Inc. All rights reserved.

Cronos Group

Mike Gorenstein

The Next Frontier: Rec Opportunities in Canada

CEO & Chairman

Tilray

Jennifer HanserVP, Business Development

SkyLaw Professional Corporation

Andrea HillAttorney

#MJBizCon© 2017 Anne Holland Ventures Inc. All rights reserved.

Current  (Med) Regulations Draft  Recreational  Law• Oversight:  One  law  to  rule  them  all  – federal  oversight

• Oversight:  Split  betweenfederal  and  provincial

• Distribution:  mail-­order  delivery  only

• Distribution:  Up to  provinces

• Residential growing:  #  of  plants  depends  on  script

• Residential  growing:  4  plants  per  household

• Supply  mgt: production  maximums  by  weight

• Supply  mgt:  regulatorcontrols  #  of  licences

Cannabis in Canada

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• Laws:  federal,  provincial,  municipal

• Laws:  state,  county,  municipal

• Capital  markets:  licensed  producers  can  “go  public”

• Capital  markets:  Illegal  under  federal  law  =  going  public  can  be  harder

• Distribution:  mail-­order  &  up  to  provinces

• Distribution:  licenseddispensaries

• Products:  flower,  fresh  buds,  live  plants  and  oils

• Products:  varies  -­ flower,  oils,  edibles

Canada vs. America

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Licensed Producers in Canada

• ~43  licences held  by  ~36  companies,  ~29  of  which  allow  for  sale

• Market  caps  of  public  LPs:  $86M  to  $1.6B+

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Financing of Canadian Cannabis Companies

#MJBizCon© 2017 Anne Holland Ventures Inc. All rights reserved.

Cronos GroupMike Gorenstein

THANK YOU!

mike@thecronosgroup.com

TilrayJennifer Hanser

jennifer.hanser@tilray.com

416-759-5299andrea.hill@skylaw.ca

SkyLaw Professional Corporation

Andrea Hill