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Ryan Lissack Chief Technology Officer Stéphanie Van Hassel VP, Investor Relations Building the Infrastructure Florida Expansion Preview Financial Highlights: Licensed for: ¹ 84 Retail Locations 35 Operating Stores 12 States $ 37 M Revenue Retail Gross 5 3 % Margin 22 % Quarter-over-Quarter Sales Growth medmen.com California Retail Highlights $7,000+ Annualized per Square Foot Revenue ³ $24.9M California Revenue 22% EBITDA Margin 1 Includes footprint to be acquired through announced PharmaCann transaction and other pending acquisitions in California and Michigan. 3. MedMen figures based on system wide revenue fiscal Q3 2019 average for stores in California. MedMen anticipates 50 operational stores by year end. 5. Includes footprint to be acquired through announced PharmaCann transaction and other pending acquisitions in California and Michigan. Currently Licenced for 84 Retail Stores 5 Retail Licenses 35 The New Normal 1.5 Billion Total Media Impressions 17 Million Video Views 5,727 Social Campaign Mentions 94% Positive Sentiment Celebrating Women’s History Month This March MedMen launched “Women in Cannabis.” The month-long campaign highlighted amazing women transforming the industry, including some of MedMen’s own power players. Financial Highlights O3 Florida Third most populous state with a medical marijuana market estimated to reach $1.4 billion in annual sales by 2021. ² 2. Source: Arcview “The State of Legal Marijuana Markets—6th Edition. In February 2019, MedMen launched its most expansive integrated marketing campaign to date. At the center of the campaign is a disruptive short film, “The New Normal” which chronicles the American history of cannabis. Directed by Spike Jonze and featuring actor Jesse Williams, the ad supports MedMen’s vision where legalized and regulated cannabis creates safer, healthier and happier individuals and communities. Ruchi Birdi Sr. VP, Supply Chain & Distribution Morgan Sokol Sr. VP, Government Affairs This document contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws with respect to the Company, including statements with respect to anticipated operational stores by the end of 2019. These statements are made on the basis of certain assumptions are subject to numerous risks. This document also refers to certain financial or performance measures that are not prepared in accordance with International Financial Reporting Standards. Please see “Forward-Looking Information and Risk Acknowledgements” and “Non-IFRS Financial and Performance Measures”, and associated disclosures, in the most recent management discussion and analysis of the Company available at www.medmen.com or at www.sedar.com. New additions to the MedMen team. MedMen is expected to open 12 stores across Florida in calendar year 2019 Ft. Myers St. Petersburg Orlando/University Orlando/International Daytona Beach Jacksonville/Park Jacksonville/San Jose Jacksonville Beach Pensacola Tallahassee Ft. Lauderdale Miami Beach Key West Tampa Gainesville West Palm Beach Deerfield Beach 0 20 40 60 80 100 Additional Retail Licenses Operational Stores 2019 EOY Current 2018 2017 7 15 35 34 50 Data as of May 1, 2019. Sources: Youtube, Vimeo and performance marketing from agency partners.
