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2. Continue Reading for: Recent News, Market Size, Management Background & Our Disclosure... 1. Establish GNRS retail footprint in Connecticut and Arizona through organic build out or acquisition 2. Evaluate new markets, especially in contiguous states 3. Investigate branded product leaders with multi-state presence Market Highlights: Arizona • Proposition 207 to legalize REC passed in November 2020, and adult-use sales commenced in late January 2021 • Over $1.2 billion in combined medical and recreational sales reported for 2021 • Estimated 2022 market size of $1.6 billion • 169 retail licenses available statewide • 143 cultivation licenses available statewide The Greenrose Holding C ompany Inc. currently consists of two, cultivation-focused operating businesses: • Theraplant in Connecticut • True Harvest in Arizona Expansion Strategy: Market Highlights: Connecticut • CT Governor recently confirmed EOY Rec launch • Social equity cultivation licenses issued • Currently a limited license medical market, with upcoming limited license adult-use market projected to begin in the second half of 2022 o $200 million in medical sales in 2021 o Adult-use sales projected to grow from $250 million in its first full year to $750 million in its fourth year • 18 medical dispensaries today; maximum number of additional dispensaries licenses to be determined • 12 additional recreational store licenses will be awarded in 2022 • C urrent cultivators will have the opportunity to open up an unlimited number of recreational stores as a minority partner in a social equity license
3. Continue Reading for Management Background & Our Disclosure... Management Team: Mickey Harley CEO • Formed The National Pecan Company, the largest, vertically-integrated pecan company in the world. Acquired by Diamond Foods 2017. • VP , Director Management and I nvestment S trategies for Allen & Company. Paul Otto Wimer President • Customer focused entrepreneur and innovation leader. • Architect of long-term strategy and core business partnerships. • Led Innovation, Strategy Development, and and corporate venture capital exploration for several health & wellness clients. Bernard Wang CFO • Over 25 years of deep finance and accounting experience with public and private companies • Highly skilled in improving internal controls, accounting processes, and capital raising initiatives. • Key category background including Cannabis with Canndescent, a CA-based luxury cannabis flower company Daniel Harley EVP, Investor Relations • Over 30 years of investment experience in both U.S. and internationally • Founder of global event driven fund investing in distressed companies, special situations and warrant arbitrage. Recent News: • Announced new CFO, Bernard Wang and board member, Benjamin Rose. • The Greenrose Holding Company First Quarter 2022 Results May 16, 2022 Highlights: Focus on Optimizing Inventory in Connecticut and Production Capacity in Arizona Improving Positioning for Early-Stage Recreational Market Opportunities Provides Revised Guidance for the Full Year Ended December 31, 2022 • The Greenrose Holding Company presented at 3 conferences and will continue to select additional conferences throughout the Fall. • Viridian Capital Advisors Reports on The Greenrose Holding Company • The Greenrose Holding Company Closes Asset Purchase of True Harvest • Greenrose Acquisition Corp. Announces Closing of Business Combination w/Theraplant • Greenrose Acquisition Corp. Stockholders Approve Business Combination • 20+ year career in cannabis • Founder & CEO, Theraplant Dan Emmans East Region President Operating Subsidiaries:
1. AMP Quick Facts The Greenrose Holding Company Inc (OTCQX: GNRS) Acorn Management Partners, LLC August 2022 OTCQX: GNRS Price: $ 2. 80 Date: 0 8 / 04 /2022 Fiscal Year: 12/31 MKT Cap: ~ $ 49 . 24 m C.O.H . : ~ $ 3 . 34 m ~ 1 8 . 57 % Inside Ownership: ~ 30.09 % S/O: ~ 17.59 m Float: ~ 12 .71 m AVG Vol.: ~ 2.75 k For More Information Please Email : Vic tor Rios vrios@acornmanagement partners.com Industry: "Cann a b i s Industry" Continue Reading for: More Information, Recent News, Management Background & Our Disclosure... The Greenrose Holding Company Inc. (GNRS) is a multi-state grower and producer of cannabis brands and products. Greenrose is driven by cultivation. The Company understands that to be a leader in cannabis, it starts w ith outstanding products from sophisticated genetics and unique growth methods. The scientific focus is on superior plant and strain development. The brands offer a wide variety of products to the consumer. Operational Efficiency: The company is currently operational in established markets, but expects to target newer cannabis markets. The Company's goal is to vertically integrate in the markets where it already operates, while exploring new, contiguous, markets. Greenrose is run by talented institutional management, who expect to drive profitability and positive cash flow . Its vision is to be synonymous with extraordinary cannabis products. Great flower is in our DNA. The Greenrose Vision "Greenrose aims to be synonymous with extraordinary cannabis products and services. (They) are cultivation-led, aiming to deliver top-quality flower at every price point." • • Theraplant: Top quality flower in CT Shango : brand now u nder license by Greenrose in AZ captured #1 or #2 in 2021 Arizona Cannabis Cup for flower and solvent-less extract categories The Greenrose platform has two strong brands: Institutional Ownership: