Me MedMe Men i in F Florida (C (CSE: MMEN) N) Ju June 2018 - PowerPoint PPT Presentation

Me MedMe Men i in F Florida (C (CSE: MMEN) N) Ju June 2018 1

Mainstreaming Marijuana. Challenge everything. Settle only for what ought to be, not what is. Be state-of-the-art and best-in-class, utilizing institutional systems. Define the next generation of marijuana businesses and consumers. 2

Investment Highlights Me MedMe Men is is th the la largest stpu publ blicly trade dedU.S U.S. . ca cannabis co company wi with ope operation onsac across th the four ur most t signi si nificant nt ca cannabis opportunities in the he United St States. Fully-integrated in California, Nevada, New York and Florida (1) Proven executive team with experience in cannabis Operating in oligopolistic, large markets, with first-mover advantage Robust operational and acquisition track-record across the supply chain Industry leading human capital with over 800 employees 3 (1) MedMen entry into Florida is pending completion of the acquisition

Best-in-Class North American Footprint Through its existing set of assets, Me Th MedMe Men ex expec ects to hav ave e ~45 ret etai ail stores es an and fi five e lar arge-sc scale le cu cultivation and product ction faci cilities acr cross the he U.S. S. by 202 020. 0. California Ca Ne Nevada New York Ne Re Retail Re Retail Las Vegas Re Retail Venice Downtown Las Vegas (Q4 CY2018) Manhattan (Fifth Avenue) BeverlyHills Las Vegas Airport (Q4 CY2018) Long Island Downtown LA Syracuse SanDiego Cu Cult ltivation & Production Buffalo LAX* Project Mustang Abbot Kinney* Cult Cu ltivation & Production West Hollywood* Re Research ch & & D Development Utica Orange County* Nevada Genetics (Under Construction) Other (Pending) Other (Pending) Cult Cu ltivation & Production Massachusetts – Pe g (1 (1) Ma Pending Desert Hot Springs (Under Construction) Planned Retail Pl Sun Valley* Boston (Fenway) Cambridge Greater Boston Pl Planned Cultivation & Pr Production Greater Boston Fl Florida Pl Planned Retail South Beach Miami Key West Palm Beach Ca Canada Fort Lauderdale Orlando Joint Venture: Tampa Jacksonville + Others Planned Cultivation & Pr Pl Production Greater Orlando 4 * MedMen has a management contract with these locations and does not own the underlying license. Note: Locations in Downtown Las Vegas and Las Vegas Airport currently in the process of being acquired and expected to be open in 2H CY2018. (1) MedMen is currently in the process of applying for a license in Massachusetts. The Boston / Fenway Park retail location has been secured; remaining retail and cultivation / production locations in are in the process of being identified

MedMen Acquires Treadwell Nursery MedMe Me Men is is pleased to to announ unce th the acquis uisitio ition of Treadwell Nur ursery. The tr transactio tion is is pendin ing customary regulatory approvals. cu § Treadwell Nursery was awarded a license in August 2017 and is one of 13 current Florida Medical Marijuana Treatment Centers , or “ MMTCs. ” § One of two license holders strategically located in Central Florida's Greater Orlando area, and best situated to service the entire state from a distribution standpoint. § Transaction includes purchase of five acres of land and existing greenhouse and production facility in Greater Orlando. § Upon closing of the transaction, MedMen to develop ~100,000 square-foot cultivation and production facility with high-tech Dutch greenhouse, with capacity to produce over 20,000 pounds annually. § Total consideration of US$53 million, US$26.5 million in cash to be paid over nine months (1) and US$26.5 million satisfied in MedMen shares. § Deal expected to close in the third or fourth quarter of calendar 2018. 5 (1) MedMen to pay US$6,625,000 in cash at closing. In each of the 3-month, 6-month and 9-month anniversary of the closing date, MedMen would pay an additional US$6,625,000 in cash

State of Florida by the Numbers As As the third most populous state in the U.S. with an attractive demographic profile, Florida re repre resents a high ghly ro robust cannabis ma marke rket US$1 US $1.4 b 4 billion § Estimated medical sales by 2021 (1 (1) Es 21 m 21 million § Total population in the state of Florida (2 (2) To 117 117 milli llion on § 7 (3) (3) To Tourists that visited Florida in 2017 § % % of of Flor orida da resi side dents s aged d 65+ (U.S. S. average of of 15 15%) %), which 19 19% the U.S. (4 (4) is is hig ighest t in in th 10 100,000+ § Florida (5 (5) Cu Current m medical m marijuana p patients i in F (1) Arcview (2) U.S. Census Bureau. 6 (3) Tourism Marketing Corporation for the State of Florida. (4) Kaiser Family Foundation. (5) Florida Department of Health.

Florida Medical Marijuana Highlights Fl Flor orida da vot oters legalized d medi dical cannabi bis in 2016 with a 71% % appr pprov oval nt (1 (1) Fl Flori rida a Pat atient ent Count 117,522 h h t t w w o o r r G G 106,348 n n t t e e t t i i a a P P x x 6 6 ~ ~ 95,460 83,503 74,133 65,310 43,366 50,775 56,537 36,441 26,968 19,494 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 ü Re Regulated Oligopoly: Only 13 total Medical Marijuana Treatment Centers currently in the state. ü Robust Medical Program: Qualifying conditions include chronic pain, cancer, epilepsy, HIV and glaucoma. Ro ü Stron St ong Retail Market: : Each license holder allowed to open up to 25 dispensary locations. ü Fi Firs rst-Mo Mover A Advantage: Only 39 operational retail dispensaries locations to date out of 325 currently allowed across existing license holders. (2) ü t: Demographic profile and tourism strength fits well with MedMen ’ s retail strategy. De Demographic ic Al Alig ignment: 7 (1) Florida Department of Health. Reflects June 22, 2017 thru June 1, 2018 Florida OMMU weekly updates (2) Florida Department of Health as of June 6, 2018

MedMen Retail Roll-out Me MedMe Men p plans t to e execute i its r retail s strategy a across t the s state b by o opening s stores i in p premium l locations su such as s Miami, Orla land ndo and nd Palm lm Beach Key Hig Ke ighlig ights ts § First dispensary expected to open in early-2019 with 25 expected openings over next 18 months. § Retail strategically located across the state to serve MedMen ’ s target demographic. § MedMen is currently in lease / purchase negotiations for a number of locations across the state . Tier I Locations Q1 ’ 20 Q2 ’ 20 Q3 ’ 20 Q4 ’ 20 Q1 ’ 20 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 20 Planned Retail Locations 3 6 15 20 25 8

Florida Addressable Market Flor Fl orida da currently repr presents a ~US$1.4 bi billion on medi dical market. Unde der a pot potential recreation onal environ onment, sa sale les s could ld reach ~US$3 3 billi llion n annu nnually, lly, with an n average of US$10 milli llion n in n sa sale les s per retail l lo location rida – Me Flori Fl Medic dical Ma Marij ijuana P Prog ogram (all currency in USD) Total State Revenue – 20 21 (1 (1) To 2021 ~$ ~$1.4 billi llion # Licenses – Statewide 13 Stores/License 25 Total Stores 325 Av Average An Annual Revenue/S /Sto tore ~$4 milli ~$ llion rida – Re Flori Fl Recreation ional P Prog ogram E Estim imate (all currency in USD) Population >21 (2) 16 million Estimated Usage Rate (3) 10.2% Estimated Annual Spend/Consumer (4) $1,200 Total Annual Spend – Re To Reside idents ~$ ~$2 billi llion Tourists – Annual (5) 117 million Estimated Usage Rate (4) 10% Average Spend/Consumer (4) $100 Total Annual Spend – To To Tourism ~$1 billi ~$ llion Total State Revenue To ~$3 billi ~$ llion Total Stores (6) 325 Average An Av Annual Revenue/S /Sto tore ~$ ~$10 milli llion Note: MedMen is not making any assumptions regarding the potential certainty and timing of recreational sales in Florida (1) Arcview. (2) U.S. Census Bureau, Kaiser Family Foundation. 9 (3) U.S. Department of Health and Human Services. (4) MedMen internal estimate. (5) Tourism Marketing Corporation for the State of Florida. (6) Total stores assumes 25 stores per license holder