Clean Green, LLC

Fully-Licensed Cannabis Opportunity in California

Los Angeles, CA (Extraction/Manufacturing)

Lake County, CA (Cultivation)

November 2018

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Fully-Licensed Cannabis Opportunity in California

Executive Summary

California and a few other states have lead the way in not just legalizing Cannabis for medical
use, but also now have legalized “Adult Use” where it is sold to anyone over 21, so that it will
become akin to the selling/licensing of wine/alcohol through special outlets and rules. This has
expedited the growth of the industry and the entire supply chain is in severe shortage of licensed
facilities. DPS Research states that less than 20% of the supply chain is licensed and they
predict the market to become 70% extracted products within a few short years, maturing from
what was 70% flower and smoking products just about 2 years ago.
The vision of our company, Clean Green LLC, is to become a revered brand (and white-label
provider) of premium cannabis products (flower, vape and extract) for medicinal and rec use with
unique proprietary and popular strains. By becoming a boutique grower of a unique and coveted
product line, analogous to a micro-brewery in the sea of the behemoths such as Miller in the
alcohol industry, Clean Green will be successful even with the eventual entry of big pharma and
help usher in an era of advanced medicines only cannabis can provide.
Our name is “Clean Green” not only because it is our philosophy, but because consumers
demand such products. The industry has low-level product that is grown with harmful chemicals
and utilize manufacturing methods unkind to the environment. Consumers will love us not just for
the high quality and healing properties of our product lines, but for the values we stand for.
Our company is “clean” because our unique methods use only organic natural growing and
manufacturing processes to make healthy plants and great products without pesticides or harmful
petroleum based products. Our company will be “green” because we will utilize the most
technologically advanced and environmentally friendly Ag-Tech that consumes the lowest amount
of kWh/pound and emits the lowest amount of CO2 in the industry.
Even better, Clean Green is led by seasoned professionals with each a minimum of 20 years’
experience in this industry, including designing and running industrial-sized cannabis operations,
along with experience taking companies from startup through the growth and maturity stages.

Investment and Financial Summary

We will accomplish these goals with an initial investment of $2.5M-$4.0M for equipment and
working capital to build out an extraction and remediation facility by subleasing a manufacturing
license from GreenStone.us, a fully licensed Distributor in Lynnwood, CA and to build out a fully
licensed 4-acre cannabis farm in Lake County, CA. This will give us the ability to cash from
remediation in 3 months, extraction in 4-6 months and cultivation within 5-6 months.
Annual sales: Year 1: $19.6M Year 2: $56.6M Year 3: $76.1M
Pre-Tax Net Profit: Year 1: $4.5M Year 2: $18.6M Year 3: $25.6M
Investment: $2.5M - $4.0M, 10% equity per each $1M

Once these are fully operational, we will utilize operational cash flow to not only provide excellent
returns on your capital (an annual ROI of 1-2x your investment), but we will be able to continue
expansion of production volume, provide packaged options, purchase our own farm, build our
flagship indoor facility, launch the Clean Green brand, and expand into other markets/states.

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Fully-Licensed Cannabis Opportunity in California

Management Team

This company is being led by a team of seasoned cannabis professionals with each a minimum of
20 years in the industry in combination with experience in leading/growing companies. Our team
has experience in designing and running industrial-sized cannabis operations, along with
experience taking companies from startup through the growth and maturity stages.

Mikkael Jettere, Co-Founder and Master Grower

Mikkael, our Master Grower, comes with over 26 years of
professional commercial level experience who will be in charge
of growing or obtaining the biomass needed on contract. His
most recent project was running a fully state licensed 40,000 SF
indoor cultivation facility in charge of a staff of up to 45 people.
He has mastery of every known growing medium, and has used
his talents to develop a proven duplicable commercial growing
method that produces large yields of consistent high potency
cannabis that sells for the highest market prices.
Mikkael is a seasoned Master Grower with a quiet confidence that comes only with many years of
performance. His work ethic combined with his natural gift for problem solving, are two of his
greatest attributes. His expertise as a Master Grower extends beyond the plants into creating
systems and workflows that allows for large scale operations to succeed through great people
that he hires for his teams, showing that his systems are fully scalable to any size operation.
During Mikkael’s 26 years of cannabis experience, he has nurtured a large network of contacts
throughout the entire supply chain and product distribution networks. His kind demeanor and
friendships with farmers is enabling us to lock up supply contracts that other companies couldn’t.
Mikkael's love for genetics has resulted in 9 unique strains so far that we are registering with the
cannabis genome project and patenting, while he continues to bioengineer more products that
people love. As an example, one of his unique strains has over 31% THC content, just shy of the
highest ever recorded at 35% THC.
To view some examples of Mikkael’s grow operations at industrial scale, please visit his
Instagram page here: https://www.instagram.com/mdcleangreene/

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Fully-Licensed Cannabis Opportunity in California

Edward Reyes, Co-Founder and Laboratory Co-Director

Edward, our Master Extractor, comes with over 10 years
of actual extraction experience.
Edward not only has this experience, but he is formally
certified for Type 7 (using volatile – propane/butane) and
for Type 6 (non-volatile – ethanol/CO2), which is difficult
to find. Before our launch, Ed has been working as a
consultant designing and implementing industrial scale
extraction processes for multiple clients. His most recent
project includes a 4500 Sq. ft. C1D2 laboratory complete
with distribution and packaging with a staff of 8.
His specialty is a highly automated process which allows
for the processing of up to 4000 pounds/day with shifts
of just 6-8 workers using non-volatile super cooled
ethanol which allows for lower cost lab space that doesn’t need to be explosion proof and fits well
with our “Clean Green” value system by not using hydrocarbons. His process also allows for max
efficiency as the ethanol is also recycled for reuse.
The quality of his product is at the highest levels, allowing for full spectrum cannabinoids and
terpenes to maximize both medicinal and dollar value, which aligns with our business objective of
having the highest quality boutique brand.
Ed is a kind and humble family man with three children who enjoys teaching his extraction team
the appropriate techniques and procedures that allows for duplication and scalability.

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Fully-Licensed Cannabis Opportunity in California

Tashi D. Herzmark, MS, MCT, Co-Founder, CSO, and Laboratory Co-Director

After completing graduate work in photochemistry at Colorado
State University in 2010, Tashi conducted research in
enhanced oil recovery techniques in Wyoming and served as
Senior Quality Assurance Scientist for Sigma-Aldrich.
Beginning in 2015, from Colorado to Nevada to California he
has filled intermediate and principal roles in cannabis product
manufacturing involving various chemical and physical
techniques, including liquid and supercritical fluid extraction
and fractionation, vacuum distillation, adsorption
chromatography, and thermal phase-processing.
In his most recent experience as a Laboratory Director at a
licensed Extraction facility in Los Angeles, Mr. Herzmark was responsible for the design,
management, purchasing and planning of a duplicable, automated cannabis extraction and
isolation manufacturing facility which provided a 10-fold production increase to 4000 lbs
processing per day adhering to lean manufacturing principles and California State regulations.
Within Clean Green, Mr. Herzmark will be Chief Science Officer and Co-Director of our laboratory
with a scope of responsibilities including the extraction and distillation lines, contaminant
remediation processes, SPO’s, quality assurance controls, and the manufacturing staged-
automation program, each in its particular implementation affording the Company a first-mover
advantage and significant economies of scale and scope.
Tashi has the skills and knowledge of the equipment and processes used in the pharmaceutical
industry to remediate products that have failed testing. In CA, there are only a couple licensed
companies capable of these techniques, while over 30% of distillate are failing the tests. While
remediation processes are sometimes unable to remove all contaminants, is relatively labor
intensive, and requires a highly talented team, it requires a minimal amount of capital equipment
and lends itself to automation when properly implemented. This will allow us to enter this line of
business that very few companies can enter due to lack of expertise.
Mr. Herzmark is optimistic that the complementary talents of the Founders will unite to produce
commercial volumes of connoisseur brands for domestic and international markets and contribute
to formulation of the standards by which the industry as a whole is judged.

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Fully-Licensed Cannabis Opportunity in California

Zeke Candelario, Co-Founder, Master Grower and Director of International Business Development
Zeke, our Master Grower and Director of International Business
Development, comes with over 20 years of experience as a
pioneer in the medical cannabis industry with deep roots in the
Emerald Triangle and Latin America.
His primary discipline has been cultivating organic CBD strains of
different ratios that are strain specific with a very high cannabinoid
and terpene profiles. These plants will be utilized to produce highly
effective full spectrum extracts for our medicinal product lines.
Utilizing his medicinal strains, Zeke has developed a very faithful
patient base over the last decade, by tailoring which strains to
provide to which patients based on their ailments. His attention to
care and service has enabled him to be now serving over 3000 patients in the eastern region of
Los Angeles through his hybrid model of palliative care.
Operating as a retail delivery dispensary, under the Green Cross brand name, which is now being
absorbed into Clean Green LLC, Zeke has been helping people with chronic pain, cancer,
anxiety, diabetes, epilepsy, rheumatoid arthritis, PTSD, sleep disorders, alcoholism,
cardiovascular disease, antibiotic-resistant infections, and various neurological ailments for over
10 years.
Additionally, Zeke also has built out and managed multiple dispensary locations throughout
southern California from 2007 to current and is developing our plans for a retail location in the Los
Angeles area.
His medical cannabis knowledge and patient experience has also extended his reach into the
International market, which will enable Clean Green to have an International reach.
Zeke’s passion and drive to bring affordable natural medicine has helped him establish and build
relationships, contacts, and opportunities with key players in the cannabis space in Mexico and
Latin America, which after 4 years of building those relationships are about to come to fruition with
the legalization of Cannabis within Mexico soon to be implemented.

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Fully-Licensed Cannabis Opportunity in California

Anthony Ciardo-Boldin, Co-Founder, CEO, and Lead Investor

Anthony has 22 years of business operations experience
leading and growing small-to-medium sized business,
including numerous start-ups and his own marketing agency,
LoyalDogMarketing.com, which will be instrumental in
marketing of the Clean Green brand.
Anthony has run companies as large as $40M in annual
sales and over 40 employees. His companies have won
numerous local awards for business growth with his favorite,
the "Great Places to Work" award, demonstrating his ability
to assemble great teams and great companies.
Anthony’s core values of humility, optimism, caring, excellence, and collaboration sets the stage
for not just a great company where people genuinely care for each other, but creates an all-for-
one and one-for-all mentality. This will transcend to where our success and success of our
supplier-famers and customer-distributors are interlinked, resulting in all of us to working
proactively together to win in the marketplace and be successful.
His previous experiences in growing businesses organically without funding rounds will be key to
our ability to successfully reach our business goals without needing additional capital in the future,
which will prevent the dilution of our investor’s ownership percentages to maintain and maximize
all of our collective shareholder value.
With his engineering education and experience as a Manufacturing and Quality Engineer,
Anthony also has designed and led manufacturing operations, created business process systems
which has taken startups into the mature operating stages, and even winning a JD Power award,
which has been key in designing the grow operation with our suppliers in making the cultivation
and extraction facilities both green and with the optimum balance between CapEx and OpEx.
Anthony brings business acumen to the mix of highly experienced cannabis professionals. While
Mikkael leads the Cultivation and Dispensary operations, Edward leads the Extraction operations,
Tashi leads the Remediation operations, and Zeke leads the International and Medicinal
objectives, Anthony will provide the coordination and management of “everything else” so that
Mikkael, Edward, Tashi, and Zeke can focus on their strengths.

Gayle Barnes, Lead Angel Investor

With a total of 26 years of business experience, Gayle Barnes is the founder and managing partner
of DirectDeals, LLC. Within six years, he grew the company to an annual sales revenue of $42
Million per year while managing 35 employees in multiple sales offices across the United States.
In 1984, Gayle joined the United States Military, and after spending nine years in the United States
Marine Corps, he received an honorable discharge. Gayle is a Service Connected Disabled
Veteran. Gayle is currently partnered with numerous other companies and mentors the ownership
and management teams of each of the companies. Gayle brings with him a vast amount of
business knowledge as well as the investment of his wealth that has accumulated over years of
successful business operations and experiences.

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Fully-Licensed Cannabis Opportunity in California

Products / Sales Channels

Our product line will include refined products such as distillate, vape pens, and crude oils for
infusion, as non-smoking products is expected to to 70% of the market within a couple years.

Mikkael and Zeke currently have over 10 unique strains so far that we are registering with the
cannabis genome project and patenting, while he continues to bioengineer more products that
people love and need. As an example, one of his unique strains has over 31% THC content, just
shy of the highest ever recorded 35% THC. Our product mix will be from strains that cover the
spectrum, from high THC strains on the recreational side to high CBD strains for the medical side.

These products will be packaged under the Clean Green brand, but primarily first as white-label
(bulk wholesale products) to other brands, through distributors and also directly to dispensaries.

Mikkael, Zeke, and Ed’s extensive industry contacts in the industry to current distribution
companies and dispensaries will allow us sell every ounce of product we can produce. For
example, Mikkael has order requests for hundreds of liters of distillate per week and our initial
machines in the beginning will only be producing 500L per month. There is an incredible demand
for high quality product from fully licensed facilities.

Even better, the company that we will be sub-leasing under and sharing a roof with is GreenStone
Distribution (http://greenstone.us/). They are one of the larger licensed distribution companies in
California, who represents some of the largest brands. They will be able to bring in biomass with
their farm contacts and purchase our oils for packaging with these large brands. It’s too perfect.

In addition to this product assortment is our remediation business line. Since over 30% of
distillate is failing testing, and there only a couple companies doing this, it will be a very lucrative
add to our business line, and there is not any remediation is not in the financial projections – it is
all additive to the bottom line to be conservative.

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Fully-Licensed Cannabis Opportunity in California

Lake County Cultivation Property

Over many months, our team has

looked at and reviewed dozens of
properties throughout the State of
California, including indoor cultivation,
greenhouses, and outdoor farmland.
The winner in this search was a fully-
licensed 333 acre virgin farm in the
northeast portion of Lake County, CA,
where we will lease the farmland from
the property owner, Canna Corp.
We chose this location not only because it is a lease that saves the upfront cost of buying the
land, but because it has the following benefits:

 333 acres of virgin land – prepared, but never cultivated before, thus no
pesticides/chemicals in soil – under a 5 year lease
 12M gallon lake reservoir with full water rights, plus additional springs on property
 Nothing is “upstream” that could contaminate the water source
 Practical seclusion allows for security
 Almost completely ready-to-go (4) acres of Type 3 cultivation licenses
 Options up to 16 acres in future years (1 acre cultivation per 20 acres)

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Fully-Licensed Cannabis Opportunity in California

Los Angeles Manufacturing Facility:

Instead of taking the 12-18 months to go through the
application process and obtaining our own Cannabis license,
we have been able to find a company that is
sublease/subcontracting an unused manufacturing license
through Greenstone.us, one of the best Cannabis distribution
companies in California. They have manufacturing and
cultivation licenses that they are not using, and they don’t
have the expertise in house to perform.
Not only does this save 12-18 months of time, more
importantly it allows us to be close partners with one of the
better distribution companies in the state. With their contracts
at farms buying flower, we will have access to tons of
biomass. With their contracts with brands and white-labeling
their product line, we will have instant access to an entire
white-label solution for everything that we can produce.

Capitalization and Use of Funds

We will execute and accomplish the goals & vision of the company with the following investment,
broken down into the following sub-categories:
Oils and Remediation Manufacturing in Los Angeles:

 Licensing/Permitting: $245,000
 Interior Build-out: $325,000
 Machinery & Equipment: $1M (Leased)
 Working Capital (Dec-May): $215,000
Outdoor Cultivation Farm in Lake County:

 Licensing/Permitting/Tax Deposits: $235,000

 Land Preparations: $128,000
 Machinery/Equipment: $122,000
 Working Capital (Jan-May): $424,000
At the minimum, an investment of $1,750,000 is needed to get the farm up and manufacturing
facilities up and running. This is assuming we lease every possible piece of equipment that we
believe we can lease for the full 100% purchase value.
With additional funds above $1.75M, we will be able afford to purchase some of the equipment,
purchase some better options, enable the purchase of biomass, and have a much greater chance
of producing more yield at better market prices. Our target min raise is $2.5M up to $4.0M max.
For Working Capital, these costs cover the upfront labor, materials, nutrients, supplies and other
misc items that is required to run the farm and take care of the plants up to through first harvest
and get the manufacturing operation to full production.
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Fully-Licensed Cannabis Opportunity in California

Capitalization and Use of Funds Breakdown for Outdoor Cultivation

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Fully-Licensed Cannabis Opportunity in California

Capitalization and Use of Funds Breakdown for Manufacturing

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Fully-Licensed Cannabis Opportunity in California

Funding Rounds, Ownership Percentages, Return on Investment

We are half-way through our 3rd funding round for the business operations. We have successfully
placed (1) a “Seed Round” of approximately $100,000, (2) an “Angel Round” of $750,000 from
lead investors, and (3) some initial pledges in this “Series A” type round. Total funding pledged
thus far is between $1.2M and $1.9M out of our total funding request of $2.5M to $4.0M.

This “Series A” type funding round will get the business into full production and into positive cash
flow of greater than $1M per cycle (about one month) through the extraction product line, along
with our Outdoor Cultivation in Lake County within six months.

After we obtain profitability status in the first year, approximately 50% of net profits are earmarked
for reinvestment and 50% will be set aside for dividends after the full buildout of operation
(cultivation, packaging, and distribution) are completed. Because of this, we believe that we
would be able to meet all of our production and expansion goals without any additional funding
rounds, which would eliminate any future dilution.

By structuring the launch of the operation as we have, we are minimizing the amount of
investment capital needed and preserving the equity stake of all investors. Other companies may
first buy a building, go through the licensing process on their own, or jump into the operations that
the other licenses provide, such as indoor cultivation or a dispensary, but those take far more
funds to get going and many more months until positive cash flow. Utilizing this waterfall launch
model, we have reduced the capitalization needs compared to others in half and decreased the
time to positive cash by a third, from a year-and-a-half to just 4-6 months.

The upside of this launch strategy is that your investment buys 3x more equity than it would have
otherwise and because we don’t have to raise 3x more capital. We are very comfortable that we
will be able to provide a minimum dividend of 100% ROI on your money every year, and our goal
is to make 200% ROI annually, or even more.

The ownership of the company is divided into two classes, the Founder’s Class and the Investor’s
Class. The Founder’s class is 60% and the Investor’s Class is 40%. Whatever capital is raised
will be proportioned among that 40%, with some minor adjustments for the Angel money, “funding
in lieu of capital needs” such as securing biomass contracts that don’t require payment until sold,
or giving equity to the investor(s) who would provide a personal guarantees on any leases, if
needed. This currently equates to a 1% equity share for every $100,000 of investment.

Additionally, our Operating Agreement states investment payback is priority for first distributions
over all equity holders, including Founders. So, regardless of the ownership percentages, the
investor group gets all distributions first until fully repaid.

While we expect a large proportion of our pledges will turn into actual investments, we also know
that some of them will not. We will be transforming pledges into actual contributions in December
of 2018, and would prefer that all pledges to be 2018 contributions. If we fall a little short on our
overall goals, we will continue to accept investments into January/February of 2019. When
considering your investment levels, please use these benchmarks for your timing.

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Fully-Licensed Cannabis Opportunity in California

Alternative Funding Options

Because Cannabis is still a “Schedule 1” substance and not legal in the eyes of the Federal
Government, we are aware that some investors outside of California would like to be a part of our
success, but desire to have something in place that puts them at arms-length. We have four (4)
options for consideration if you would like to be a part of our success, but also want to have a
degree or two of separation.

Instead of investing directly into Clean Green, we are offering the opportunity to invest into one of
four separate LLCs that will perform the following functions:

1. Real Estate (Farmland and/or Greenhouses)

2. Equipment Leasing
3. Staffing Company
4. Working Capital Financing

These additional companies will be separate LLC’s and be owned 85% by the investor(s). There
are 2 advantages and 1 disadvantage to this setup. For advantages, first, these companies will
not directly be “plant-touching”, thus will have a degree of separation from the core business.
Second, they will be cash-flowing and providing revenue and profits back to the investor(s) as
soon as Clean Green begins to cash-flow, instead of waiting until year 2.

The only drawback is that because there are limits to how high the lease rates can be, it will not
provide as great of a return long-term as investing directly into Clean Green. We anticipate that
the return on investment for the Working Capital, Staffing, and Equipment leasing companies will
be about half of a direct investment at 50% ROI, while the Real Estate company will be 20-25%.
The exchange is quicker returns and degree of separation for a lower, albeit still very strong, ROI.

Real Estate LLC

If one or more of the investors would wish to purchase farmland or greenhouses for our biomass
production needs, the company would lease the facility from that investor at a healthy above-
market rate (even for CA) to give them a solid cap rate for that investment. Please refer to the
real estate addendums if you are interested in assisting on that aspect of our operations.

Equipment Leasing LLC

This manufacturing operation requires purchase of capital equipment, along with the facility
design and installation of that equipment. There are plenty of leasing companies that will provide
equipment leasing to Cannabis businesses for extraction equipment. If one or more of the
investors wishes to be part of an equipment leasing company that would cover the purchase and
installation of the equipment, Clean Green would lease the equipment from that LLC and provide
an above market rate for that equipment lease.

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Staffing Company LLC

Any business needs people to run it, but more importantly, it will require people to run it before it
is producing positive cash flow. Instead of having staffing be within the company, a Staffing
Company LLC can be created to provide the employee solutions. Clean Green would then
contract with this Staffing Company and in exchange for obtaining pre-revenue staffing, would be
an above-market lease rate for employee costs.

Working Capital LLC

The core of this business is biomass acquisition. The more biomass that we can purchase on
contract and run through the machines, the more profitable this business will be. The machines
are capable of running 2000 lb per shift, or 4000 lb per day. This equates to a 80,000+ lb per
month capacity. We are currently only budgeting for 12,000 lb per month.

To run at capacity and maximize profitability, it would be best to buy when the market is lowest
and store and run material through when the market is highest. While indoor and greenhouse
grows have a consistent biomass available on a monthly basis, the majority of growers are still
outdoors. These outdoor growers typically have one “long-season”, which harvests in Sept-Oct.
Some outdoor growers split up the long-season into two grows for a mid-summer and fall. A
select few in the correct zones are able to get an early spring season harvested in late April or
early May.

At each of these outdoor harvest periods, the price of biomass drops. Outside of these periods,
biomass price increases. With enough working capital, one would buy enough biomass during
the cheap periods, have enough storage to hold it, and then run it through the machines during
the expensive periods.

This Working Capital LLC would be a loan company with a high interest rate. The money would
be a loan to Clean Green, which would use those funds to purchase and store the biomass.
Payback of the loan with the interest would be as soon as the finish product is sold. This cycle
would repeat for each Spring, Summer, and Fall harvest season. ROI would be within months for
each purchase cycle and would repeat for each outdoor harvest.

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Timelines & Project Plans

The timelines for both the Manufacturing

Operations and Cultivation Operations, please
refer to the separate Timeline Files found outside
of this document. Thumbnails are provided here
for your reference.

Manufacturing >

Cultivation

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Fully-Licensed Cannabis Opportunity in California

Financial Projections

The following projections are based on the following facts: Edward’s historical manufacturing line
outputs and Mikkael’s historical plant spacing and yield production. These are not guesses or
assumptions based on what could be done, but facts on what has been done in industrial settings.

Basis for Financial Models:

These financial projections are based on very conservative modeling. All of the adjustments
below are utilized to make the income 20-25% lower and expenses 10-15% higher than what we
currently know and expect to incur, such as the values below. All of the financial project
spreadsheets are available for your review and inspection at any time.

Sales Values: (Financial vs Current Market Values)

 Manufacturing:
o Distillate - $7.00/gram (Current market value $8.00-$8.50)
 Cultivation:
o Spring Season
 4’x4’ plant spacing, 2600 plants/acre.
 Capable of 9 ounces per plant, budgeting 6 ounces per plant
 Market Value = $1000/lb for licensed product, budgeting $750/lb
o Long Season
 8’x8’ plant spacing, 600 plants/acre
 Capable of 10 lb/plant, budgeting 6 lb/plant
 Market Value = up to $1200/lb for licensed product, budgeting $850/lb

Cost Ratios/Variables:

 Manufacturing
o $150/lb for biomass (Current market value is $105)
 Cultivation
o Generally accepted values of production cost/pound is $200-$300/lb for Outdoor
o Our budgeting value is $384.71/pound (without local/state taxes).
o Capability Value is $239.79/pound (Capability is what we believe we are capable of,
budget is what was used to make the projection numbers above)

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