BioHarvest Sciences, Inc. · NASDAQ:BHST
BioHarvest Sciences — Investor Presentation (July 2022)
80 slides from BioHarvest Sciences's investor presentation, Jul 7, 2022
Slide 1: Growth Strategy Update #9
GROWTH STRATEGY UPDATE #9 JULY 7TH 2022 CSE: BHSC OTC: CNVCF FRANKFURT: 8MV
Slide 2: Forward-looking information
The following presentation contains future looking information based on management expectations. Viewers are cautioned that future looking information is subject to risks and uncertainties including the risk that the company will not achieve its production and sales targets as anticipated or that pr
Slide 3: Today's Journey
TODAY’S JOURNEY • Q2 2022 PERFORMANCE • VINIA SCALEUP HIGLIGHTS • CANNABIS MARKET ENTRY UPDATE • CURRENT FINANCING UPDATE • Q&A
Slide 4: VINIA Global Performance
VINIA GLOBAL PERFORMANCE
Slide 5: Results
RESULTS STRAIGHT AHEAD
Slide 6: Total Q2 2022 grew by +99% vs Q2 2021
TOTAL Q2 2022 GREW BY +99% VS Q2 2021 PERFORMANCE VINIA™ Total Sales Orders Q2-21 VS Q2-22 in USD $1,000,000 $947,038 $900,000 $800,000 $700,000 +99% $600,000 $500,000 $371,944 $400,000 $300,000 $200,000 $100,000 $- Q2-2021 Q2-2022
Slide 7: Significant momentum in Q2 with growth of +24% vs Q1
SIGNIFICANT MOMENTUM IN Q2 WITH GROWTH OF +24% VS Q1 VINIA™ Total Sales Orders Q1-22 VS Q2-22 in USD $1,000,000 $947,038 $900,000 +24% $800,000 $762,210 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $- Q1-2022 Q2-2022
Slide 8: H1 significant gains of +101% vs H1 2021
H1 SIGNIFICANT GAINS OF +101% VS H1, 2021 Total D2C+ B2B Sales Orders H1-21 VS H1-22 in USD $1,800,000 $1,709,248 $1,600,000 $1,400,000 +101% $1,200,000 $1,000,000 $848,498 $800,000 $600,000 $400,000 $200,000 $- H1-2021 H1-2022
Slide 9: B2B order placed in line with future demand
BATORY 1 TON B2B ORDER PLACED IN LINE WITH FUTURE DEMAND Pre-Development Formulation 9 Discussions 6 Development 1 Customer Partners 1. Natural whey company 1. Multi-National coffee house 1. Dr. supported nutritional 2. Natural H&W beverage company 2. Multi-National RTD products 3. Global food servi
Slide 10: B2B order placed in line with future demand
BATORY 1 TON B2B ORDER PLACED IN LINE WITH FUTURE DEMAND Pre-Development Formulation 1 9 Discussions 6 Development 1 Customer Partners 1. Natural whey company 1. Multi-National coffee house 1. Dr. supported nutritional 2. Natural H&W beverage company 2. Multi-National RTD products 3. Global food ser
Slide 11: 2022 revenue guidance of $5-$7 million
2022 REVENUE GUIDANCE OF $5-$7 MILLION – ACHIEVED A STRONG H1 (+101%) & REMAIN CONFIDENT DUE TO SCALE UP OF VINIA COMMENCING IN H2 & B2B PIPELINE $10m $9m $5-7m $7m $6m $5m $4m $3m $2.1m $2m $1m $0.4m $- 2020 2021 2022
Slide 12: VINIA USA Performance
VINIA USA PERFORMANCE
Slide 13: US market grew by +21%
US MARKET GREW BY +21%. WE CONTINUE TO MANAGE GROWTH IN LINE WITH INVENTORY LEVELS BUT HAVE COMMENCED NEW CHANNELS WHICH ARE PRODUCING BETTER RESULTS USA D2C + B2B Sales Orders in USD $400,000 $376,487 $350,000 +21% $310,299 $300,956 $300,000 $250,000 $236,345 $200,000 $150,000 $100,000 $67,262 $50,
Slide 14: Recurring subscription revenue grew by +9%
RECURRING SUBSCRIPTION REVENUE GREW BY +9%. Subscription Revenue $250,000 $191,107 $200,000 +9% $174,584 $150,000 $123,513 $100,000 $50,000 $- Q4-2021 Q1-2022 Q2-2022
Slide 15: Subscription mix of 3 months or more increasing
WITH SUBSCRIPTION MIX OF 3 MONTHS OR MORE INCREASING FROM 44% TO 76% IN LAST 12 MONTHS Subscription mix by package. 100% 75% 44% 65% 69% 76% 50% 25% 44% 35% 31% 24% 0% Q3-2021 Q4-2021 Q1-2022 Q2-2022 1-Month Mix 3,6,12-Month Mix
Slide 16: Shifting mix to 3 months or more reduces churn
SHIFTING THE MIX TO 3 MONTHS OR MORE HAS A SIGNIFICANT POSITIVE EFFECT ON CUSTOMER CHURN RATES 1 month 3 months 6 months 12 months 30% less 80% less churn than 1 churn than 1 month sub month sub
Slide 17: Social proof in USA is growing
SOCIAL PROOF IN USA IS GROWING AND BUILDING SIGNIFICANT CREDIBILITY FOR THE VINIA BRAND JULY 8, 2021 OCT 14, 2021 B B APR 4, 2022 JUL 4, 2022 B B
Slide 18: VINIA video testimonials keep coming
DON'T JUST TAKE OUR WORD FOR IT... VINIA VIDEO TESTIMONIALS KEEP COMING 50+ VIDEO 50+ VIDEO 50+ VIDEO TESTEMONIALS TESTEMONIALS TESTEMONIALS COLLECTED COLLECTED COLLECTED
Slide 19: VINIA Israel Performance
VINIA ISRAEL PERFORMANCE
Slide 20: Israel Q2 2022 grew by +39% YoY
ISRAEL- Q2 2022 GREW BY +39% YOY WITH STRONG MOMENTUM COMING FROM CORE MARKET Israel Sales Orders Q2-21 VS Q2-22 in USD $500,000 $570,551 $500,000 +39% $409,292 $400,000 $300,000 $200,000 $100,000 $- Q2-2021 Q2-2022
Slide 21: All-time Israel revenue high, up +26% vs Q1
ENABLING A STRONG BOUNCE BACK IN MOMENTUM, SETTING AN ALL-TIME REVENUE HIGH – UP +26% VS Q1 WHICH WAS HEAVILY IMPACTED BY COVID Israel Sales Orders in USD $600,000 $570,551 $500,669 +26% $500,000 $451,585 $451,911 $409,292 $400,000 $371,944 $295,175 $300,000 $200,000 $100,000 $- Q4-20 Q1-21 Q2-21 Q3
Slide 22: Arabic language website paying dividends
AND NEW FOCUS ON ARAB LANGUAGE WEBSITE WITH STRONG LOCAL CELEBRITY IS PAYING DIVIDENDS
Slide 23: Average value per transaction in Israel
AVARAGE VALUE PER TRANSACTION IN ISRAEL PEAKED IN JULY TO 675 NIS PER TRANSACTION ±199 USD AVG per transaction per month 1K 675.5 Average Total Amount (ILS) 637.5 638.4 628.7 627.1 629.2 611.8 607.4 619.5 628.2 605.3 606.7 573.5 592.1 561.8 560.9 581.7 500 550.7 584 0 Jan 21 Feb 21 Mar 21 Apr 21 May
Slide 24: Q2 increased new customers by 56% vs Q1
Q2 – INCREASED NEW CUSTOMERS BY 56% VS. Q1 # of new accounts per month 600 Q2 +1493 NEW COSTUMERS Q1 +958 NEW COSTUMERS 532 538 400 423 Record Count 374 302 282 200 0 Jan 22 Feb 22 Mar 22 Apr 22 May 22 Jun 22
Slide 25: VINIA Scaleup Highlights
VINIA SCALEUP HIGHLIGHTS
Slide 26: Double down on education and community building
CONTINUE WITH WHAT’S WORKING BUT DOUBLE DOWN ON EDUCATION AND COMMUNITY BUILDING Subscription Based Education & Science Focused Community Building and Drive Trade Up • Longer customer LTV. • Product experience/effects. • VIP Tier for 6 month+ customers. • Maintain Pricing - 3 month + focus • Knowled
Slide 27: Leverage existing user base and referrals
LEVERAGE THE POWER OF OUR EXISTING USER BASE FIRST & REWARD FOR REFERRING FRIENDS AND FAMILY
Slide 28: Focus on biotech credentials and point of difference
FOCUS ON OUR BIO-TECH CREDENTIALS & UNIQUE POINT OF DIFFERENCE… TRANSLATING THIS TO A STRONGER LEADERSHIP POSITION IN THE CATEGORY Cellular Nutrition. • BioTech Gold Standard of Supplements • Our Plant Cells Improving Your Human Cells Changing Blood Flow Forever. • The authority on blood flow. Reaso
Slide 29: Scale paid social and efficient channels
CONTINUE TO SCALE PAID SOCIAL BUT LEAN INTO MORE EFFICIENT CHANNELS WITH PLATFORM SPECIFIC CONTENT • Social Creative • Google Shopping • New Creative Campaign • Branded Search • Influencers • Benefits Focused • VINIA Challenge • Targeted Search • Expand Categories • Custom Landing Pages • Competitor
Slide 30: Target evangelical base with TV partnerships
WILL TARGET 80 MILLION + EVANGELICAL BASE WITH KEY TV PARTNERSHIPS WITH TV SPOTS PUSHING TO WEBSITE & CALL-CENTRE
Slide 31: Target Amazon exclusive community
COMMENCE TARGETING AMAZON EXCLUSIVE COMMUNITY WHO ONLY SHOP ON AMAZON CHANNEL • Captured customer base. • Increase brand awareness. • Create targeted promotions. • Build customer review base.
Slide 32: Go big with podcast
GO BIG WITH PODCAST • National and local coverage • Targeted show campaigns • Targeted demographics • 3,000 radio stations • Podcast campaigns • Targeted niche audiences • Pre-roll Ads • Joe Rogan Experience Review • 500K Downloads per month • Pre-Roll Ads and 1 Full Interview with CEO
Slide 33: New drying equipment ordered for October 2022
NEW BEST IN CLASS DRYING EQUIPMENT ORDERED TO BE OPERATIONAL OCTOBER 2022 WITH LARGER CAPACITY EQUIPMENT ARRIVING JUNE 2023
Slide 34: Improved yields and use of water and energy
DELIVERING IMPROVED YIELDS, QUALITY OF POLYPHENOLS & IMPROVED USE OF SCARCE WATER & ENERGY RESOURCES Amount of energy used for Micro- Wave Freeze Drying is 5.2 X LESS than traditional Spray Drying Amount of water used for Micro- Wave Freeze Drying is 6 X LESS than traditional Spray Drying
Slide 35: Chief Medical Officer on the ground
CHIEF MEDICAL OFFICER IS OFFICIALLY ON THE GROUND AND ADDING SIGNIFICANT VALUE Johns Hopkins University School of Medicine Graduate with a Ph.D. in Pharmacology and Molecular Sciences A postdoctoral fellowship from the Johns Hopkins Bloomberg School of Public Health, Environmental Health Sciences Di
Slide 36: CMO reviewing VINIA pipeline of opportunities
CMO HAS BEGUN REVIEWING VINIA PIPELINE OF POTENTIAL OPPORTUNITES AND COMPLETED A PRIORITIZATION ASSESSMENT 1 Erectile Gingivitis Metabolic Dysfunction 50% of Adults Syndrome 52% of Men 33% of US Adults ADHD & Raynaud’s Meniere’s NO ADD Disease Disease ADHD 20% of US Kids 5% of US Adults 2% of US Adu
Slide 37: CMO reviewing VINIA pipeline of opportunities
CMO HAS BEGUN REVIEWING VINIA PIPELINE OF POTENTIAL OPPORTUNITES AND COMPLETED A PRIORITIZATION ASSESSMENT 1 Erectile Gingivitis Metabolic Dysfunction 50% of Adults Syndrome 52% of Men 33% of US Adults ADHD & Raynaud’s Meniere’s NO ADD Disease Disease ADHD 20% of US Kids 5% of US Adults 2% of US Adu
Slide 38: CMO reviewing VINIA pipeline of opportunities
CMO HAS BEGUN REVIEWING VINIA PIPELINE OF POTENTIAL OPPORTUNITES AND COMPLETED A PRIORITIZATION ASSESSMENT 1 2 Erectile Gingivitis Metabolic Dysfunction 50% of Adults Syndrome 52% of Men 33% of US Adults ADHD & Raynaud’s Meniere’s NO ADD Disease Disease ADHD 20% of US Kids 5% of US Adults 2% of US A
Slide 39: CMO reviewing VINIA pipeline of opportunities
CMO HAS BEGUN REVIEWING VINIA PIPELINE OF POTENTIAL OPPORTUNITES AND COMPLETED A PRIORITIZATION ASSESSMENT 1 2 Erectile Gingivitis Metabolic Dysfunction 50% of Adults Syndrome 52% of Men 33% of US Adults ADHD & Raynaud’s Meniere’s NO ADD Disease Disease ADHD 20% of US Kids 5% of US Adults 2% of US A
Slide 40: CMO reviewing VINIA pipeline of opportunities
CMO HAS BEGUN REVIEWING VINIA PIPELINE OF POTENTIAL OPPORTUNITES AND COMPLETED A PRIORITIZATION ASSESSMENT 1 2 Erectile Gingivitis Metabolic Dysfunction 50% of Adults Syndrome 52% of Men 33% of US Adults 3 4 ADHD & Raynaud’s Meniere’s NO ADD Disease Disease ADHD 20% of US Kids 5% of US Adults 2% of
Slide 41: CMO reviewing VINIA pipeline of opportunities
CMO HAS BEGUN REVIEWING VINIA PIPELINE OF POTENTIAL OPPORTUNITES AND COMPLETED A PRIORITIZATION ASSESSMENT 1 2 Erectile Gingivitis Metabolic Dysfunction 50% of Adults Syndrome 52% of Men 33% of US Adults 3 4 ADHD & Raynaud’s Meniere’s NO ADD Disease Disease ADHD 20% of US Kids 5% of US Adults 2% of
Slide 42: Cannabis Market Entry Strategy
CANNABIS MARKET ENTRY STRATEGY
Slide 43: Engaged in partnership discussions in North America and Israel
WE ARE HEAVILY ENGAGED IN PARTNERSHIP DISCUSSIONS IN NORTH AMERICA & ISRAEL CANNABIS COMPANIES WITH PHARMA COMPANIES STRONG MEDICINAL BIAS
Slide 44: Market realities require a paradigm shift
MARKET REALITIES DEMONSTRATE THAT DESPITE SIGNIFICANT GROWTH, THE INDUSTRY IS FACING MANY CHALLENGES WHICH REQUIRES A PARADIGM SHIFT
Slide 45: As demand increases, consumers more discerning
AS DEMAND INCREASES…CONSUMERS MORE DISCERNING THAN EVER RECREATIONAL MEDICINAL CONSUMERS LOOKING FOR CONSUMERS LOOKING FOR BETTER SOLUTIONS WITH BETTER VALUE AND NEW INCREASED SUBSTITUTION FROM EXPERIENCES PHARMA TO CANNABIS
Slide 46: Cannabis operators squeezed from every side
CANNABIS OPERATORS ARE BEING IMPACTED AND SQUEEZED FROM EVERY SIDE COMPETITION Canadian Cannabis Prices Fell in 2021 COST OF US Federal Reserve raises rates DRIVING Retail prices for all Candaian recreational cannabis product categories declined throughout 2021 on a price-equivalized basis in Britis
Slide 47: Cannabis operators squeezed from every side
CANNABIS OPERATORS ARE BEING IMPACTED AND SQUEEZED FROM EVERY SIDE Canadian Cannabis Prices Fell in 2021 COST OF US Federal Reserve raises rates Retail prices for all Candaian recreational cannabis product categories declined throughout 2021 on a price-equivalized basis in British Columbia, Alberta,
Slide 48: Cannabis operators squeezed from every side
CANNABIS OPERATORS ARE BEING IMPACTED AND SQUEEZED FROM EVERY SIDE Canadian Cannabis Prices Fell in 2021 COST OF US Federal Reserve raises rates Retail prices for all Candaian recreational cannabis product categories declined throughout 2021 on a price-equivalized basis in British Columbia, Alberta,
Slide 49: Cannabis operators squeezed from every side
CANNABIS OPERATORS ARE BEING IMPACTED AND SQUEEZED FROM EVERY SIDE Canadian Cannabis Prices Fell in 2021 US Federal Reserve raises rates Retail prices for all Candaian recreational cannabis product categories declined throughout 2021 Benchmark interest rate, in % on a price-equivalized basis in Brit
Slide 50: Cannabis operators squeezed from every side
CANNABIS OPERATORS ARE BEING IMPACTED AND SQUEEZED FROM EVERY SIDE Canadian Cannabis Prices Fell in 2021 US Federal Reserve raises rates Retail prices for all Candaian recreational cannabis product categories declined throughout 2021 Benchmark interest rate, in % on a price-equivalized basis in Brit
Slide 51: Cannabis operators squeezed from every side
CANNABIS OPERATORS ARE BEING IMPACTED AND SQUEEZED FROM EVERY SIDE Canadian Cannabis Prices Fell in 2021 US Federal Reserve raises rates Retail prices for all Candaian recreational cannabis product categories declined throughout 2021 Benchmark interest rate, in % on a price-equivalized basis in Brit
Slide 52: Cannabis operators squeezed from every side
CANNABIS OPERATORS ARE BEING IMPACTED AND SQUEEZED FROM EVERY SIDE Canadian Cannabis Prices Fell in 2021 US Federal Reserve raises rates Retail prices for all Candaian recreational cannabis product categories declined throughout 2021 Benchmark interest rate, in % on a price-equivalized basis in Brit
Slide 53: Cannabis operators squeezed from every side
CANNABIS OPERATORS ARE BEING IMPACTED AND SQUEEZED FROM EVERY SIDE Canadian Cannabis Prices Fell in 2021 US Federal Reserve raises rates Retail prices for all Candaian recreational cannabis product categories declined throughout 2021 Benchmark interest rate, in % on a price-equivalized basis in Brit
Slide 54: BHSC biotech technology addresses all industry pain points
BHSC BIOTECH TECHNOLOGY IS A GAME CHANGER FROM A CONSUMER AND MSO PERSPECTIVE AS IT ADRESSES ALL INDUSTRY PAIN POINTS
Slide 55: Cannabis operators squeezed from every side
CANNABIS OPERATORS ARE BEING IMPACTED AND SQUEEZED FROM EVERY SIDE Canadian Cannabis Prices Fell in 2021 COST OF US Federal Reserve raises rates Retail prices for all Candaian recreational cannabis product categories declined throughout 2021 on a price-equivalized basis in British Columbia, Alberta,
Slide 56: Massive differentiation: nature
MASSIVE DIFFERENTIATION NATURE BIO-PLANT CELLICITATION WITHOUT HAVING TO GROW THE PLANT
Slide 57: Massive differentiation: trichome
MASSIVE DIFFERENTIATION 93% NATURE TRICHOME 100-200X THE DENSITY OF TRICHOMES VS THE PLANT
Slide 58: We have unique product ratio
WE HAVE UNIQUE PRODUCT/RATIO Minor Cannabinoid CBDV THC/THCA Minor Cannabinoid CBC CBGA Cannabis CBDA Trichomes (Bubble Hash) + Key Terpenes Minor Cannabinoid THCV Final composition to be announced end Sep
Slide 59: Why are our cannabinoids so special?
BioHarvest Cannabinoids Regular Plant Cannabinoids WHY ARE OUR CANNABINOIDS SO SPECIAL ? BioHarvest Cannabinoids are bound in the fat of the trichome cell membrane They more closely resemble Human Endocannabinoids which are similarly bound in the fat of the human cell membrane.
Slide 60: Trichome product can innovate across all product forms
VAPES EDIBLES OUR UNIQUE TRICHOME PRODUCT CAN BE USED PRE-ROLLS CONCENTRATES TO INNOVATE ACROSS ALL PRODUCT FORMS INCLUDING “NEW FORMS” WITH FULL FLOWER TINCTURES SPECTRUM EFFECT CHEWING GUM BEVERAGES TOPICALS
Slide 61: Cannabis operators squeezed from every side
CANNABIS OPERATORS ARE BEING IMPACTED AND SQUEEZED FROM EVERY SIDE Canadian Cannabis Prices Fell in 2021 US Federal Reserve raises rates Retail prices for all Candaian recreational cannabis product categories declined throughout 2021 Benchmark interest rate, in % on a price-equivalized basis in Brit
Slide 62: Unique capital to biomass output ratio
BHSC TECHNOLOGY HAS A UNIQUE CAPITAL TO BIOMASS OUTPUT RATIO $4-$5M CAPEX + 1200 = 30+ GREENFIELD SQUARE METRIC TONS = METERS OF PER YEAR OF $120k -$150k LAND CANNABIS per ton in BIOMASS CAPEX
Slide 63: 7X less capex per ton
BHSC TECHNOLOGY HAS A UNIQUE CAPITAL TO BIOMASS OUTPUT RATIO $4-$5M CAPEX GREENFIELD = $120k -$150k 7X + 1200 SQUARE METERS OF LAND = 30+ METRIC TONS PER YEAR OF LESS CANNABIS per ton in BIOMASS CAPEX
Slide 64: Cannabis operators squeezed from every side
CANNABIS OPERATORS ARE BEING IMPACTED AND SQUEEZED FROM EVERY SIDE Canadian Cannabis Prices Fell in 2021 US Federal Reserve raises rates Retail prices for all Candaian recreational cannabis product categories declined throughout 2021 Benchmark interest rate, in % on a price-equivalized basis in Brit
Slide 65: Water productivity
Metric Water Productivity Measurement Grams of dry flower/ gallon water Indoor Cultivation 4.84 260 Source: Indoor Cultivation Data from New Frontier Reports. BioHarvest Data is from Internal Estimates
Slide 66: 54X more water productivity
Metric Water Productivity 54X Measurement Grams of dry flower/ gallon water Indoor Cultivation 4.84 260 MORE Source: Indoor Cultivation Data from New Frontier Reports. BioHarvest Data is from Internal Estimates
Slide 67: Electricity productivity
Metric Electricity Productivity Measurement Grams of Cannabis/kWh Indoor Cultivation 0.8 6.18 Source: Indoor Cultivation Data from New Frontier Reports. BioHarvest Data is from Internal Estimates
Slide 68: 8X more electricity productivity
Metric Electricity Productivity 8X Measurement Grams of Cannabis/kWh Indoor Cultivation 0.8 6.18 MORE Source: Indoor Cultivation Data from New Frontier Reports. BioHarvest Data is from Internal Estimates
Slide 69: Production intensity
Metric Production intensity Measurement Grams of dry flower/ sq ft on canopy/12 months Indoor Cultivation 174.11 3,318 Source: Indoor Cultivation Data from New Frontier Reports. BioHarvest Data is from Internal Estimates
Slide 70: 19X more production intensity
Metric Production intensity 19X Measurement Grams of dry flower/ sq ft on canopy/12 months Indoor Cultivation 174.11 3318 MORE Source: Indoor Cultivation Data from New Frontier Reports. BioHarvest Data is from Internal Estimates
Slide 71: Carbon intensity
Metric Carbon Intensity Measurement lbs of electricity-based CO2 equivalent/gram of cannabis produced Indoor Cultivation 1.24 0.15 Source: Indoor Cultivation Data from New Frontier Reports. BioHarvest Data is from Internal Estimates
Slide 72: 8X less carbon intensity
Metric Carbon Intensity 8X Measurement lbs of electricity-based CO2 equivalent/gram of cannabis produced Indoor Cultivation 1.24 0.15 LESS Source: Indoor Cultivation Data from New Frontier Reports. BioHarvest Data is from Internal Estimates
Slide 73: Cannabis operators squeezed from every side
CANNABIS OPERATORS ARE BEING IMPACTED AND SQUEEZED FROM EVERY SIDE Canadian Cannabis Prices Fell in 2021 US Federal Reserve raises rates Retail prices for all Candaian recreational cannabis product categories declined throughout 2021 Benchmark interest rate, in % on a price-equivalized basis in Brit
Slide 74: Continuous flowering and 3-4 week production cycle
WE HAVE CONTINUOUS FLOWERING & 3-4 WEEK PRODUCTION CYCLE
Slide 75: Productivity under the canopy
AND PRODUCTIVITY UNDER THE CANOPY Average Indoor Grow (1000 Watts Light per 1 Bioreactor per Square meter Square meter ) Amount of cannabis per 1000 watt light/bioreactor 1kg 8kg Number of grows per year 5 14 Total cannabis produced per year 5kg 112kg
Slide 76: COGS at scale 60-75% lower than industry
COGS at SCALE which is 60-75% lower than industry benchmarks as scale hits 10 Tons and 20+ tons respectively
Slide 77: Reasons why we are so attractive to cannabis operators
REASONS WHY WE ARE SO ATTRACTIVE TO CANNABIS OPERATORS Canadian Cannabis Prices Fell in 2021 US Federal Reserve raises rates 93% TRICHOME BUBBLE HASH Retail prices for all Candaian recreational cannabis product categories declined throughout 2021 on a price-equivalized basis in British Columbia, Alb
Slide 78: Clear process and pipeline of discussions with cannabis operators
A CLEAR PROCESS AND PIPELINE OF DISCUSSIONS ARE UNDERWAY WITH KEY CANNABIS OPERATORS WE ARE Q2 HERE Q3 Q4 2 Markets to enter into Intro MNDA Vision 3 Year Joint Israel Visit of USA Visit Final Partner in 2023 Culture Business Plan Building Technology Decision Capabilities Alignment of Business Model
Slide 79: Financing
FINANCING
Slide 80: Q&A
Q&A
BioHarvest Sciences — Investor Presentation (July 2022) on 6ix