Jushi Holdings Inc Class B · CSE:JUSH
Jushi Holdings Inc Class B — Investor Presentation (February 2023)
22 slides from Jushi Holdings Inc Class B's investor presentation, Feb 16, 2023
Slide 1: The Next Generation Cannabis Platform
The Next Generation Cannabis Platform
Slide 2: Cautionary Statement Regarding Forward-Looking Statements
Cautionary Statement Regarding Forward-Looking Statements This presentation contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation as well as statements that may constitute "forward-looking statements" within the meaning of within the meaning
Slide 3: Operating Markets: Jushi's Portfolio of Assets – January 2023
Operating Markets 7 Operating Vertical Markets 5 Jushi Employees** ~1,443 Total PA VA MA NV OH IL CA 37 (of 38)(1) 18 5 (of 6)(1) 2 4 1 4 3 C U LT I VAT I O N & P RO C E S S I N G FAC I L I T I E S Total PA VA MA NV OH IL CA 5 Yes Yes Yes Yes Yes - - 330k sq. ft. 123k sq. ft. 93k sq. ft. 50k sq. ft.
Slide 4: Pennsylvania Highlights
Flower Rooms 10 Sq. Ft. Facility ~123k ~35k Sq. Ft. Canopy Vertically Integrated with 18 Medical Dispensaries (out of 171(2); ~11% of market) Dispensaries 18 PA Population(3) ~13M Market Patients & Caregivers(4) (6.5% of Pop) 842k Market Active Patients(5) (3.3% of Pop) 423k Pennsylvania Highlights
Slide 5: Virginia Highlights
Flower Rooms 5* Sq. Ft. Facility ~93k ~13k* Sq. Ft. CanopyDispensaries 5 (of 6)(1) VA State Population(6) ~8.7M HSA II Population(7) ~2.5M Virginia Highlights P R I M A RY M A R K E T D R I V E R S __ Scan to see more about Virginia on your phone. Jushi Active Patients January 2022(8) (0.2% of Pop)
Slide 6: Market Penetration: Pennsylvania Medical Market Growth
Market Penetration P E N N S Y LVA N I A M E D I C A L M A R K E T G RO W T H __ 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 Pennsylvania Market Patient and Caregiver Count(10) Patients and Caregivers % of State Population
Slide 7: Market Penetration: Virginia Medical Market Growth
Market Penetration V I RG I N I A M E D I C A L M A R K E T G RO W T H __ 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 0.60% - 2,000 4,000 6,000 8,000 10,000 12,000 14,000 1/1/22 2/1/22 3/1/22 4/1/22 5/1/22 6/1/22 7/1/22 8/1/22 9/1/22 10/1/22 11/1/22 12/1/22 1/1/23 Jushi's VA Active Patient Count(11) Patient
Slide 8: MA & NV Highlights
Dispensaries 2 MA & NV Highlights S E C O N DA RY M A R K E T D R I V E R S __ Sq. Ft. Facility ~50k Sq. Ft. Canopy ~17k* Flower Rooms 9 N E VA DAM A S S AC H U S E T T S Vertically Integrated with 2 dispensaries Vertically Integrated with 4 dispensaries Dispensaries 4 Sq. Ft. Facility ~47k Sq. Ft.
Slide 9: OH, IL & CA Highlights
OH, IL & CA Highlights D E V E L O P I N G M A R K E T D R I V E R S __ I L L I N O I S Dispensaries 4 Plus, conditional license awarded in the Greater Peoria Region, IL to Jushi’s partner Northern Cardinal Ventures, LLC subject to regulatory approvals C A L I F O R N I A Dispensaries 1 O H I O Sq.
Slide 10: The Jushi Retail Experience
Jushi provides patients and customers with a frictionless retail experience. DigitalRetail Design Products Place your order online for express pickup, curbside or delivery and download our app for exclusive savings. Our carefully designed and inviting cannabis experience welcomes all levels of consu
Slide 11: Next-Level Store Design
Next-Level Store Design L E A D I N G O M N I C H A N N E L E X P E R I E N C E __ 11 • Sleek Mid-Century Design • Ample Parking • Great Signage • Express Pickups Where Permitted • Built for Medical or Adult-use • Multiple Points of Sale • UX In-Store Design • Beyond TV •
Slide 12: Jushi's E-Commerce Platform
Industry leading digital platform facilitating online ordering, dispensary discovery and customer engagement. Order Online (Q3 22) ~64% Menu Conversion Rate (Q3 22) ~19% Avg. Cart Size (Q3 22) ~$102 Jushi’s E-Commerce Platform – Our Largest Store L E A D I N G O M N I C H A N N E L E X P E R I E N C
Slide 13: Hello Club - Rewards App
The Hello Club app provides our valued customers with a rewards program, in-app shopping and weekly app-exclusive deals. It’s our most valuable retention tool. Downloads (As of 1/30/23) ~49k Additional Monthly Spend / App User (13) ~$40 Hello Club - Rewards App J U S H I ’ S L E A D I N G O M N I C
Slide 14: Comprehensive Suite of Brands Across Portfolio
F LOW E R E D I B L E S & T O P I C A LVA P E & C O N C E N T R AT E P A C K A G E D F L O W E R & P R E - R O L L S P A C K A G E D F L O W E R & P R E - R O L L S S O L V E N T L E S S , L I V E R E S I N & C U R E D C A R T R I D G E S , D I S P O S A B L E S & C O N C E N T R A T E S I N F U S E
Slide 15: Transforming Focus from High Growth to Profitability: Corporate
Transforming Focus from High Growth to Profitability Corporate • Workforce reduced by 22% from 172 at the high to 135* • Departmental budgets cut across the board 10 – 20%+ focusing on driving cost-savings and efficiencies C O S T S AV I N G S & E F F I C I E N C Y O P T I M I Z AT I O N __ 1,518 He
Slide 16: Transforming Focus from High Growth to Profitability: Retail
Transforming Focus from High Growth to Profitability Retail • From Jan ‘22 to Dec ‘22, monthly store-level labor cost went up ~5% while store-count went up 30% (from 27 to 35 open stores) • Average retail employee count per dispensary from ~29 to ~23 employees per dispensary (from April 2022 to Dece
Slide 17: Primary Markets Regulatory Updates
Primary Markets Regulatory Updates Pennsylvania legislature expected to re-convene in late February • New Governor (Shapiro) is considered hands-on and looking to drive policy • On record as supporting an adult-use market (14) • Former Attorney General and is actively appointing both Republicans and
Slide 18: Appendix
Appendix
Slide 19: Jushi Leadership Team
Jushi Leadership Team__ Jim Cacioppo CEO, Chairman & Founder Jon Barack President & Founder Michelle Mosier Chief Financial Officer Tobi Lebowitz Chief Legal Officer & Corporate Secretary Nichole Upshaw Chief People Officer 19
Slide 20: No Offers / Third Party Information
NO OFFERS This presentation does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities of the Company in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities
Slide 21: Endnotes
Endnotes 2 1 • (1) Jushi plans to open one additional dispensary in Virginia subject to regulatory approvals. • (2) (Number of Pennsylvania dispensaries) https://www.health.pa.gov/topics/Documents/Programs/Medical%20Marijuana/Medical%20Marijuana%20Dispensaries%20in%20Pennsylvania%20with%20Product.pd
Slide 22: Thank You
Thank You Contact investors@jushico.com __
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