CSE:ISH Inner Spirit Holdings Corporate Presentation November 2019
LEGAL DISCLAIMER. The information provided herein is not intended to provide fjnancial, tax, legal or accounting advice. This Corporate Presentation and the contents herein do not constitute or form part of any advertisement, any ofger to sell or any solicitation of an ofger to buy or subscribe for securities of Inner Spirit Holdings Ltd. (the “Company” of “Inner Spirit” or “ISH”) or represent an intention to induce any person to make an investment in the Company or to assist any person in the making of an investment decision. This Corporate Presentation and the contents herein shall not form the basis of or be relied on in connection with, or act as any inducement to enter into, any contract or commitment whatsoever. This Corporate Presentation includes statistical information that the Company has obtained from independent industry publications, government publications, market research reports and other published independent sources. Such publications and reports generally state that the information contained therein has been obtained from sources believed to be reliable. Although the Company believes these publications and reports to be reliable, it has not independently verifjed any of the data or other statistical information contained therein, nor has it ascertained or validated the underlying economic or other assumptions relied upon by these sources. The Company has no intention and undertakes no obligation to update or revise any such information or data, whether as a result of new information, future events or otherwise, except as, and to the extent required by applicable securities laws. Readers should also be advised that the watch, sunglasses and related accessories business of the Company is carried out through its wholly-owned subsidiary, WATCH IT! Consolidated Ltd., and any reference herein to “WATCH IT!” is a reference to such subsidiary. FORWARD LOOKING INFORMATION This Corporate Presentation contains “forward-looking statements” and “forward-looking information” (collectively, “forward-looking information”) within the meaning of applicable securities legislation. Forward-looking information in this Corporate Presentation include, but are not limited to, statements or information with respect to: the Company’s intended strategy; the Company’s ability to execute its strategy and ensure success; the expected legalization of recreational cannabis; market expectations; intended products, delivery systems and partnerships; and other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Actual results, performance or achievement could difger materially from that expressed in, or implied by, any forward-looking information in this Corporate Presentation, and, accordingly, readers of this Corporate Presentation should not place undue reliance on any such forward-looking information. Forward-looking information involves signifjcant risks, assumptions, uncertainties and other factors that may cause actual future results or anticipated events to difger materially from those expressed or implied in any forward-looking statements and accordingly, should not be read as guarantees of future performance or results. Forward-looking information involves numerous risks and uncertainties including, but not limited to, the ability of management to execute its business strategy, objectives and plans; that the Company will have suffjcient capital to fund its business plans; general economic and business conditions; changes to laws, regulations, rules, rulings, policies, procedures and other instruments applicable to the Company and its business; the risk of disruptions to the Company’s supply chain; risks associated with the Company’s reliance on key personnel; and changing consumer sentiments. Forward-looking information contained in this Corporate Presentation is based on the Company’s current estimates, expectations and projections, which the Company believes are reasonable as of the current date. The Company can give no assurance that these estimates, expectations and projections will prove to have been correct. Historical statements should not be taken as a representation that such trends will be replicated in the future. No statement in this Corporate Presentation is intended to be nor may be construed as a profjt forecast. FUTURE-ORIENTED FINANCIAL INFORMATION This Corporate Presentation also contains future-oriented fjnancial information and fjnancial outlook information (collectively, “FOFI”) including, but not limited to, prospective annual revenue, prospective net profjt, prospective system wide sales, and components thereof, all of which are subject to the same assumptions, risk factors, limitations, and qualifjcations as set forth in the above paragraphs. FOFI contained in this Corporate Presentation was made as of the date of this Corporate Presentation and was provided for the purpose of providing information about management’s current expectations and plans relating to the future, and for certain illustrative purposes. The Company disclaims any intention or obligation to update or revise any forward looking statements or FOFI contained in this Corporate Presentation, whether as a result of new information, future events or otherwise, unless required pursuant to applicable securities law. Readers are cautioned that the forward-looking information and FOFI contained in this Corporate Presentation should not be used for purposes other than for which it is disclosed herein. The forward-looking statements and FOFI contained in this Corporate Presentation are expressly qualifjed by this cautionary statement. THIS CORPORATE PRESENTATION MAY NOT BE REPRODUCED, FURTHER DISTRIBUTED OR PUBLISHED IN WHOLE OR IN PART WITHOUT WRITTEN PERMISSION FROM THE COMPANY. N O V E M B E R 2 0 1 9 | 0 2
The start of something incredible. Inner Spirit Holdings Ltd. is applying a successful franchise and corporate retail model to the recreational cannabis industry. With 37 stores currently operating and a group of more than 100 franchise partners, select corporate retail locations, and a proprietary brand portfolio under development, Inner Spirit is positioned as Canada's industry leader. N O V E M B E R 2 0 1 9 | 0 3
Investment Highlights Canada's largest retailer in the recreational Low-cost and highly scalable franchising Highly experienced team and proven cannabis market by store count. The model to maximize ROI – more than 100 model with significant expertise in the Canadian adult use market is currently franchise locations either in operation or cannabis, branding, consumer retail, worth up to $5.0B and is projected to grow being developed in jurisdictions where real estate and franchising industries. to $7.0B by 2022. permitted in Canada. Franchise system is being supported by corporate-owned stores in select markets. Proven ability to license, open and Strategic partnerships and Proprietary house brands being operate cannabis store locations in collaborations with premium producers developed to offer consumers premium efficient manner. 37 stores located in to create a fully integrated business product options and a market-leading AB, SK, BC. and ON with more than 40 model. retail experience. projected by end of 2019. N O V E M B E R 2 0 1 9 | 0 4
Meet the Team Darren Bondar Chris Gulka Cecil Horwitz Jeremy Lee President & CEO CFO Business Development Controller ∙ ∙ ∙ ∙ 20 years experience in retail CPA and CFA with > 25 years Extensive experience in retail Experience across fjnancial and franchise industries business experience sales since 1999 reporting, controlling and fjnance functions ∙ ∙ ∙ Previously founded retail franchise President of Working Capital Founder and clinical director of ∙ system in 1999 Corporation since 1999 Whole Family Health Previously at Big 4 accounting fjrms and in industry roles ∙ ∙ ∙ MBA from University of Alberta Founded Passport Energy Ltd., Cannabis advocate for both ∙ and Bachelor of Arts from Western and was the CFO of Rochester health and recreational use Chartered Accountant Ontario University Energy Corp. designation in 2000 Michael Ginevsky Christine Kitz Alisa Kuzmina Christine Smith Corporate Secretary Operations Creative Manager Marketing & Communications ∙ ∙ ∙ ∙ Corporate securities lawyer Oversees business systems and Overseas ISH’s commitment to 10 years progressive marketing & with experience in capital markets, operations at ISH creative excellence sales experience with tier 1 global corporate fjnance and M&A companies ∙ ∙ Previously held fjnancial, strategic Signifjcant experience working ∙ ∙ Since 2016, actively involved in and human resources in the retail and franchise Signifjcant experience in brand advising businesses in the positions within the retail sector industries execution with a track record of cannabis industry excellence in delivering results ∙ Degree in Communications ∙ ∙ Law degree from the University with a Major in Information Design Bachelor of Management degree of Alberta with a major in Marketing from the University of Lethbridge N O V E M B E R 2 0 1 9 | 0 5
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