Cannabist Company Holdings Inc · NEO:CBST
Cannabist — Columbia Care — Merger or Acquisition (March 2022)
16 slides from Cannabist's merger presentation, Mar 23, 2022
Slide 1: Creating a New Leader in Cannabis
CREATING A NEW LEADER IN CANNABIS
Slide 2: Disclaimer
D I S C L A I M E R This presentation contains “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information an
Slide 3: A transformational, complementary combination positioned for resilient growth
C R E AT I N G A N E W L E A D E R I N C A N N A B I S A transformational, complementary combination positioned for resilient growth Gl ;o 0 ::!!: Access to the most important markets of today Access to the most important markets of tomorrow z Gl , 0 ;o -< 0 Brand dominance: #1 in Flower, Vapes, Con
Slide 4: Key growth pillars
C R E AT I N G A N E W L E A D E R I N C A N N A B I S INDUSTRY LEADERSHIP KEY GROWTH PILLARS: SUPERIOR ESTABLISHED IN THE LARGEST AND FASTEST-GROWING MARKETS ACROSS THE U.S. MARKET ACCESS PROVEN SHARE LEADERSHIP, THE STRONGEST BRANDS IN CANNABIS & LEADING RETAIL PRODUCTIVTY DEPTH BALANCED INDUSTRY-
Slide 5: Superior Market Access
S U P E R I O R M A R K E T A C C E S S CRESCO LABS PRO FORMA 2 0 2 5 M A R K E T P O T E N T I A L THE MOST INVESTABLE FOOTPRINT IN CANNABIS S T A T E S W I T H R E T A I L PRO FORMA FOOTPRINT OF 18 U.S. MARKETS * * ALL 10 OF THE LARGEST US MARKETS * * * * * * 12 STATES WITH >$1B IN ANNUAL SALES *
Slide 6: Superior Market Access: Total Addressable Market 2021 vs. 2025
S U P E R I O R M A R K E T A C C E S S GROWTH TODAY… …TOMORROW… …AND IN THE FUTURE ARIZONA, CALIFORNIA, COLORADO, NEW JERSEY, NEW YORK, FLORIDA, MARYLAND, ILLINOIS, MASSACHUSETTS, MICHIGAN VIRGINIA OHIO, PENNSYLVANIA TOTAL ADDRESSABLE MARKET: 2021 vs. 2025
Slide 7: America's Leading Cannabis Brands
AMERICA’S LEADING CANNABIS BRANDS
Slide 8: Proven Depth in Wholesale
P R O V E N D E P T H I N W H O L E S A L E #1 SELLING PORTFOLIO OF BRANDS BEST B RA ND E D W H O L E S A L E R 1 S E L L I NG B RA ND E D F L O W E R W H O L E S A L E R BETTER S E L L I NG VA P E W H O L E S A L E R S E L L I NG C O NC E NT RATE S W H O L E S A L E R GOOD M A RK E T L E A D E R (
Slide 9: The Most Productive Retailer
THE MOST PRODUCTIVE RETAILER WRIGLEYVILLE C H I C A G O , I L
Slide 10: Proven Depth in Retail
P R O V E N D E P T H I N R E TA I L BEST-IN-CLASS LARGEST RETAIL SUSTAINED GROWTH STORE PRODUCTIVITY FOOTPRINT (OUTSIDE FL) AT SCALE +36% 2.4x 133 • $2.8M • $2.1M 83 • 50 Tier 1 Sunnyside* Sunnyside* Columbia Care Pro Forma Average Q4 2021 Pre-Divestitures
Slide 11: Balanced Economics
B A L A N C E D E C O N O M I C S REVENUE DIVERSIFICATION REVENUE SCALE REVENUE MIX 70% 8 >70% 62% <50% 12% 50% 5 2 Cresco Labs Pro Forma Cresco Labs Pro Forma Tier 1 FY 2021 3 Yr Est. 2021 2022 2023 FY 2021 FY 2021 Average Top 2 Top 2
Slide 12: How We Deliver: Synergies and Fortified Balance Sheet
H O W W E D E L I V E R TOP -LINE SYNERGIES FORTIFIED BALANCE SHEE T Y I E L D I M P R O V E M E N T S P O R T F O L I O G R O W T H F O R G O N E C A P E X S A V I N G S R E T A I L P R O D U C T I V I T Y D E L E V E R A G E D B A L A N C E S H E E T C A S H R E C O V E R Y O N A S S E T S A L E S
Slide 13: Transaction Overview
T R A N S A C T I O N O V E R V I E W
Slide 14: Transaction Overview
° TRANSACTION OVERVIEW Proposed Transaction Consideration to Columbia Care Timing to Close Key Approvals and. Conditions Board of Directors Deal Protection Cresco Lobs to acquire all ofthe issued ond outstonding common shares end proportional voting shores of Columbia Core (the Transaction") Pro for
Slide 15: Thank You
T H A N K Y O U Exhibit 99.2
Slide 16: Cresco Labs to become the new leader in cannabis with the acquisition of Columbia Care
CRESCO LABS TO BECOME THE NEW LEADER IN CANNABIS WITH THE ACQUISITION OF COLUMBIA CARE Transformational deal will combine best-in-class wholesale, retail and operations with an expanded strategic footprint in the largest and fastest growing markets in cannabis CHICAGO – March 23, 2022 — Cresco Labs