Trulieve Cannabis Corp. · OTC:TCNNF
Trulieve Cannabis — Merger or Acquisition (May 2021)
15 slides from Trulieve Cannabis's merger presentation, May 10, 2021
Slide 1: Investor Presentation: Creation of the Most Profitable MSO
Investor Presentation | May 2021 & Creation of the Most Profitable MSO Exhibit 99.1
Slide 2: Forward Looking Statement
Forward Looking Statement Forward-looking statements made in this document are made only as of the date of their initial publication, and the Company undertakes no obligation to publicly update any of these forward-looking statements as actual events unfold. Unless the context otherwise requires, th
Slide 3: Creation of the Most Profitable MSO
Creation of the Most Profitable MSO This combination allows us to accelerate our national expansion strategy and go deeper in the markets we operate in to support our mutual vision of increasing access to cannabis through industry-leading retail stores, innovative high-quality products and brands an
Slide 4: An Unparalleled Platform for Continued Growth Trajectory
An Unparalleled Platform for Continued Growth Trajectory Industry Leading Scale Largest retail and cultivation footprint across the U.S. Combined 2021E consensus revenue of $1.2 Billion¹ The Most Profitable US MSO Combined 2021E Adjusted EBITDA of $461 million¹ will be the largest based on consensus
Slide 5: Combined Business Overview
Combined Business Overview Arcview Report, 8th Edition Combined Company State Footprint 6 (FL, PA, MA, CT, CA, WV) 9 (FL, AZ, PA, MD, CA, CO, NV, UT, MA) 11 (FL, AZ, PA, MD, MA, CT, CA, WV, CO, NV, UT) Operational Dispensaries 87 39 126 Sq. Ft. Active Cultivation & Production ~2.2M ~880K ~3.1M Culti
Slide 6: Creating a leading US MSO by revenue
Creating a leading US MSO by revenue Industry Leading Scale CY2021E Revenue (US$M, Consensus Estimates as of May 7, 2021)¹ Capital IQ annual consensus estimates, as at May 7, 2021, and prior to release of Harvest’s Q1 results
Slide 7: Superior profitability profile
Superior profitability profile The Most Profitable US MSO CY2021E Adjusted EBITDA $ and EBITDA Margin % (US$M, Consensus Estimates as of May 7, 2021)¹ Capital IQ annual consensus estimates, as at May 7, 2021, and prior to release of Harvest’s Q1 results 37% 44% 29% 43% 36% 33% 39% 41% 20% 22% 21% 29
Slide 8: Combined Trulieve + Harvest Footprint
Combined Trulieve + Harvest Footprint FL CA MA PA AZ MD WV NV CT AZ CO + SOUTHWEST HUB 20 dispensaries 380K sq. ft. of cultivation & production SOUTHEAST HUB 90 dispensaries 2.430 M sq. ft. of cultivation & production NORTHEAST HUB 16 dispensaries 282K sq. ft. of cultivation & production MA PA CT WV
Slide 9: Expanding Existing Hubs in SE and NE
Expanding Existing Hubs in SE and NE Florida Population 21.5M Market Medical Arcview 25E Market Size $2.6B Harvest Dispensaries 8 Harvest Cultivation & Production Sq. Ft. 330K Pennsylvania Population 12.9M Market Medical Arcview 25E Market Size $770M Harvest Dispensaries 9 Harvest Cultivation & Prod
Slide 10: Expansion into New Southwest Hub, Anchored by Arizona
Expansion into New Southwest Hub, Anchored by Arizona Arizona Population 7.2M Market Adult-Use Arcview 25E Market Size $1.5B Harvest Dispensaries 15 Harvest Cultivation & Production Sq. Ft. 329K Colorado Population 5.8M Market Adult-Use Arcview 25E Market Size $2.5B Harvest Dispensaries n/a Harvest
Slide 11: Arizona Market Heats Up with Adult Use
Market leader with 15 open locations – nearly double the footprint as the closest competitor Licenses for 4 more locations 5 cultivation and processing sites Adult sales started January 22 – Harvest recorded first adult use sale in state Recreational sales drove average revenue increases of 100% per
Slide 12: Broadening Trulieve's Brand Portfolio
Broadening Trulieve’s Brand Portfolio Value, mid-market, and premium brands across Flower, Vapes, Edibles and other categories
Slide 13: Management Team
Management Team Alex D’Amico Chief Financial Officer Tim Morey Chief Sales Officer Eric Powers Chief Legal Officer Kim Rivers Chief Executive Officer Valda Coryat Chief Marketing Officer Kyle Landrum Chief Production Officer Ronda Sheffield Chief Human Resources Officer Steve White Chief Executive O
Slide 14: Transaction Summary
Transaction Summary PROPOSED TRANSACTION Trulieve to acquire all of the issued and outstanding shares of Harvest Unanimously approved by the board of directors of each company Accretive to Trulieve shareholders CONSIDERATION TO HARVEST SHAREHOLDERS 0.1170 Trulieve share per Harvest share1 Implies $4
Slide 15: Questions?
: Trulieve ions? Quest