TSXV: NDVA I OTCQX: NDVAF Investor Presentation Q3 2019
TSXV: NDVA I OTCQX: NDVAF Forward- Looking Statement The information contained herein, together with any amendments or supplements and any other information that may be furnished by the Company, includes forward-looking information. Such information is based on assumptions as to future events that are inherently uncertain and subjective. The Company makes no representation or warranty as to the attainability of such assumptions, including the completion of financing or as to whether future results will occur as projected. It must be recognized that the projections of the Company’s future performance are necessarily subject to a high degree of uncertainty, that actual results can be expected to vary from the results projected and that such variances may be material and adverse. Prospective investors are expected to conduct their own investigation with regard to the company and its prospects. This presentation does not constitute an o fg er to sell or a solicitation of an o fg er to buy any security. 2
TSXV: NDVA I OTCQX: NDVAF Attractive revenue growth profile Driven by new products, production growth, broader distribution, extraction services and contract manufacturing. Products Strong platform of globally-recognized consumer cannabis brands. Exclusive partnerships to produce and distribute award-winning Bhang Chocolate TM , Sapphire Salt TM , Ruby Sugar TM and Why Invest Ruby Chewable Gems TM to Canadians. Services 70-tonne extraction facility to produce more than 4 million grams of distillate. Partnerships with Capitalization industry leaders to provide extraction and formulation services. Limitless product options for extracts and edibles. Basic Shares ................ 83.0mm Experienced management team Warrants ...................... 28.1mm Options ........................ 5.4mm Leadership team has decades of experience in operations, finance, business development, Convert ........................ 6.8mm consumer packaged goods, and distribution. Fully Diluted Shares Outstanding ................ 123.4mm Balance sheet Cash (June 30, 2019) .....$3.9mm Management and Insider Ownership ........................ 14% 3 3
TSXV: NDVA I OTCQX: NDVAF Sales And Expansion Success 2017 2018 2019 2019 / 2020 Q3 2017 Q3 2019 Q1 2019 Q1 2018 • Indiva receives • Indiva announces supply • Indiva announces supply • Expansion to 40,000 square feet cultivation licence from agreement with Société agreement with Ontario begins Health Canada québécoise du cannabis Cannabis Store (OCS) (SQDC) to distribute products Q2 2018 Q4 2017 in Quebec Q2 2019 • Indiva and Bhang create joint • Indiva completes a • Indiva signs agreement to • Health Canada approves venture to manufacture, distribute reverse takeover and provide extraction services to three new flower rooms and export award-winning begins trading on TSX TerrAscend • Indiva adds two additional cannabis-infused chocolate and Venture Exchange processing rooms to derivative products under NDVA Q4 2019 * accomodate edibles and • Indiva enters exclusive licence • Indiva’s extraction facility contract manufacturing agreement with DeepCell becomes operational with • Construction complete on Industries to produce and 70-tonne biomass capacity three additional flower rooms distribute Ruby Sugar TM , Sapphire resulting in 4 million grams of and two processing rooms Salt TM , and Ruby Chewable Gems TM distillate • Indiva introduces dry flower, Q3 2018 tinctures and capsules • Indiva receives sales licence from (accepted by OCS) Health Canada • Indiva begins manufacturing • Indiva begins trading on the edibles and extracts OTCQX under NDVAF • Indiva begins distribution of edibles and extracts Q4 2018 • Indiva signs letter of intent to acquire licence in Denmark opening gateway to Europe *Subject to Health Canada approval 4 4
TSXV: NDVA I OTCQX: NDVAF Roadmap For Growth Q1 Q2 Q3 Q4 Q1 2019 2019 2019 2019 2020 Sales begin through OCS * Three additional SQDC LOI in place for * Extraction facility Processing and flower rooms plus two supply agreement operational, capacity will production of edibles Three new flower rooms processing rooms be 70-tonnes biomass, 4 and extracts begins plus three processing Agreement in place with million grams distillate rooms Capacity: 3,000 kg ** Farm gate store TerrAscend to provide annual flower production Capacity: 1,000 kg extraction services SQDC sales begin annual flower production Extraction services revenue begins Pre-rolls for sale at Pre-rolls for sale at * Introduction of Introduction of dry flower Introduction of Bhang TM OCS.ca licensed stores tinctures and capsules Chocolate, Ruby Sugar TM , (accepted by OCS) Sapphire Salt TM and Ruby Chewable Gems TM *Subject to Health Canada approval **Subject to AGCO approval 5
TSXV: NDVA I OTCQX: NDVAF Edibles Market Share in Mature Markets The Case For Edibles 5% 6% 30% Total addressable cannabis market of $7-10 billion in 18% Canada 41% CALIFORNIA Edibles market share likely to 4% mirror mature 15% markets in the U.S. 25% 17% 39% NEVADA Flower Concentrate Edibles Pre-roll Others Source: BDS Analytics, Colorado Department of Revenue, Cannabis Business Executive, Mackie Research, 420intel.com, Deloitte 6 6
TSXV: NDVA I OTCQX: NDVAF TM Extraction services New contract manufacturing product introduction Opportunity Opportunity Defined Over supply of dry flower just around the corner Production Capacity Tonnes Opportunity Aurora Cannabis .................... 700 * 4.4 million Canadians admit Canopy Growth ......................500 to use in last 12 months Aphria .................................... 255 * 60% of users represent Tilray .....................................200 < 5% of consumption 1600 Cronos Group ......................... 135 OrganiGram .............................113 HEXO .....................................108 1200 CannTrust ...............................105 375 Emerald Health Therapeutics ..100 800 The Green Organic Dutchman ... 95 600 Annual Cannabis 250 Users and 200 Total (metric tonnes) ........... 2,411 Consumption Consumption (metric tonnes) 20 10 Users (thousands) Once Less than 1-3 times At least Daily once per month once a a month week 7 7
TSXV: NDVA I OTCQX: NDVAF RECREATIONAL MEDICAL Distribution Licensed Producer Licensed Producer Channels in Canada TM TM Recreational cannabis is primarily sold by licensed producers to provincial government wholesale monopolies, such as the OCS in Ontario or SQDC in Quebec. Provincial Wholesaler Provincial wholesalers control all online sales and sales of legal product to retailers. Online sales Online Licensed Home delivery sales stores Customer Customer 8 8
TSXV: NDVA I OTCQX: NDVAF Adult-use Recreational Market RECREATIONAL MARKET MEDICAL CANNABIS PRODUCT ON QC AB SK NS CANADA Pre-rolls Q1 2020 Flower Q4 2019 Q4 2019 Capsules Q4 2019 Q3/Q4 2019 Q4 2019 Tinctures Q3/Q4 2019 Chocolate/Edibles Q4 2019 / Q1 2020 Q4 2019 / Q1 2020 Q1 2020* *As law permits 9
TSXV: NDVA I OTCQX: NDVAF TM Indiva’s International Brands Our aim is to deliver cannabis products that delight consumers Global Family of with their quality and creativity. As the exclusive Canadian manufacturer and distributor of Brands award-winning Bhang Chocolate TM , Ruby Sugar TM , Sapphire Salt TM and Ruby Chewable Gems TM , Indiva expects to be the national standard for excellence in edibles. TM P O W E R E D B Y I N D I V A 10 10
TSXV: NDVA I OTCQX: NDVAF TSXV: NDVA I OTCQX: NDVAF TM F L O W E R - Pre-rolls - Dry flower High-Quality Products At Indiva, our dedication to quality and innovation is what sets us apart. Our state-of-the- art, environmentally-conscious aeroponic grow operation and extraction facility allows us to TM deliver an array of flower, oil and extract products to Canadians. DERIVATIVES - Capsules - Oils - Oral spray 11
TSXV: NDVA I OTCQX: NDVAF TSXV: NDVA I OTCQX: NDVAF POWERED BY INDIVA EDIBLES - THC Milk chocolate - THC Dark chocolate - CBD Milk chocolate - THC Dark chocolate Products - 50/50 Caramel chocolate Powered by INDIVA TM Indiva, through its joint venture with Bhang, is proud to be the exclusive provider of Bhang Chocolate TM in Canada. This wildly popular, award-winning TM edible is a favourite among cannabis connoisseurs. We are LITE also the exclusive Canadian ™ manufacturer and distributor of POWERED BY INDIVA CANNABIS SUGAR / SUCRE DE CANNABIS | 10.00 G Ruby Sugar TM , Sapphire Salt TM , Intended for ingestion/ Destineés à l’ingestion POWERED BY INDIVA THC per unit / THC par unité ............................... 10.00 mg Total THC per unit / THC total par unité ............. 10.00 mg and Ruby Chewable Gems TM . CBD per unit / CBD par unité .................................. 0.00 mg Total CBD per unit / CBD total par unité ................ 0.00 mg EDIBLES WARNING: Do not drive or operate machin- ery a f er using cannabis. A f er cannabis use, - Infused sugar coordination, reaction time and ability to judge distances are impaired. - Infused salt MISE EN GARDE: Ne conduisez pas ou n’utilisez pas de machines si vous avez con- sommé du cannabis. La consommation de - Fruit-based cannabis nuit à la coordination, au temps de réaction et à la perception des distances. chews Health Canada/Santé Canada 12
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