This “Presentation”, inclusive of all materials and information provided herewith and in relation to this Presentation, is confidential and proprietary to Key Investment Partners LLC (“KEY Investment Partners”) and its related entities, including KEY Investment Partners Fund I LP (“Fund” ; and together with KEY Investment Partners, as the context may require “KEY”) . The reproduction of this Presentation in whole or in part is strictly prohibited. You are not permitted to make this Presentation or the information contained herein or the information provided to you during the course of this Presentation available to any third parties except with the express written consent of KEY or as required by law. This Presentation includes the discussion of certain general terms and conditions only. This Presentation is being provided to you as a member of a small group of individually selected participants on a confidential basis for the sole purpose of providing you with initial and general information at your own responsibility. This Presentation is not suitable to inform you of the legal and factual circumstances necessary to make an informed judgment about any prospective investment. Please verify any contractual documentation that may be provided, if any. This Presentation does not constitute an offer to sell or solicitation to buy or subscribe for any securities. No money or other consideration is being solicited, and if sent in response, will not be accepted. Any offer to sell or solicitation to buy an interest in any security, investment product, fund or similar investment vehicle may only be made upon the delivery by KEY of certain documents that describe the material terms, risks and various qualifications and considerations relating to any such prospective investment (the “Offering Documents”) . An offer to sell securities as may be described herein will only be made by KEY if and when, and to those persons whom, KEY determines an offer may be made in compliance with federal and state securities laws and any other applicable laws and regulations. The distribution of this Presentation or the Offering Documents may be restricted in certain jurisdictions; offers can only be made where lawful under and in compliance with applicable law. KEY reserves the right to accept or reject any request for Offering Documents or any subscription in its sole discretion. An investment in a security, such as may be described herein, is subject to numerous risks and uncertainties. This Presentation does not list and does not purport to list all of the risk factors associated with such an investment. Investors in any security must be able to evaluate and bear the potential consequences of the risks, including the potential loss of the entire investment. CERTAIN INFORMATION CONTAINED IN THIS MATERIAL CONSTITUTES FORWARD-LOOKING STATEMENTS, WHICH CAN BE IDENTIFIED BY THE USE OF FORWARD-LOOKING TERMINOLOGY SUCH AS “MAY,” “WILL,” “SHOULD,” “EXPECT,” “ANTICIPATE,” “TARGET,” “PROJECT,” “ESTIMATE,” “INTEND,” “CONTINUE,” OR “BELIEVE,” OR THE NEGATIVES THEREOF OR OTHER VARIATIONS THEREON OR COMPARABLE TERMINOLOGY. SUCH STATEMENTS ARE NOT GUARANTEES OF FUTURE PERFORMANCE OR ACTIVITIES. DUE TO VARIOUS RISKS AND UNCERTAINTIES, ACTUAL EVENTS OR RESULTS OR THE ACTUAL PERFORMANCE OF THE FIRM MAY DIFFER MATERIALLY FROM THOSE REFLECTED OR CONTEMPLATED IN SUCH FORWARD-LOOKING STATEMENTS. The statements in this Presentation are based on information that is considered to be reliable as of the date on which this Presentation is delivered. This Presentation does not, however, purport to be comprehensive or free from error, omission or misstatement and KEY and its advisors makes no representations or warranties as to the accuracy, reliability or completeness of any information contained herein. KEY reserves the right to alter or amend any information contained or opinion expressed herein and without notice. This Presentation does not take into account the investment objective, financial situation or particular needs of any individual entity. This Presentation is not provided as investment or other advice, and no information or material contained herein shall be deemed a recommendation to buy or sell any securities. Liability for all statements and information contained in this Presentation is, to the greatest extent permissible by law, excluded. EXAMPLES OF OUR PROCESSES AND ANY OTHER IDEAS PRESENTED HEREIN, INCLUDING THE INFORMATION PROVIDED IN THE PAGE HEADED “INVESTED AND COMMITTED DEALS,” ARE FOR ILLUSTRATIVE PURPOSES ONLY. THERE IS NO GUARANTEE THAT KEY OR THE FUND WILL ACQUIRE A POSITION IN AN ISSUER OR SECTOR REFERENCED IN SUCH EXAMPLES OR IDEAS OR THAT ANY SUCH POSITION WOULD BE PROFITABLE. 2 CONFIDENTIAL: NOT INTENDED FOR GENERAL DISTRIBUTION
KEY Investment Partners leverages over 21 years of institutional experience to navigate the complex cannabis capital markets. We systematically screen, diligence and invest in private cannabis companies , connecting investors with early-stage opportunities. KEY seeks to invest opportunistically across all subsectors of the cannabis industry in search of companies which we believe are backed by experienced management teams with high-growth, market-leading products and services. Face challenges investing in Eager for institutional quality Sophisticated entrepreneurs capitalizing cannabis due to legal constraints investment management on the end of cannabis prohibition For illustrative purposes only. 4 CONFIDENTIAL: NOT INTENDED FOR GENERAL DISTRIBUTION
Prior to founding KEY, Tiby spent three years as a Prior to founding KEY, Pete spent three years as a Prior to founding KEY, Jordan spent four years as a member of Partners Group’s Client Solutions team member of Partners Group’s Real Estate acquisitions member of Partners Group’s Private Equity team responsible for fundraising Partners Group’s flagship team, responsible for sourcing opportunities, responsible for sourcing opportunities, conducting funds, sourcing opportunities, and connecting new conducting diligence, and executing transactions valued due diligence, and executing lead, control leveraged investors with the firm. Prior to Partners Group, Tiby at $300mn-$1.5bn gross asset value. Prior to Partners buyout transactions for companies with $500mn- spent four years with Goldman Sachs , where he Group, Pete spent three years at Equity Residential $2.5bn enterprise value. Prior to Partners Group, focused on Emerging Market and US Core public where he focused on multifamily investments. Pete has Jordan spent four years with GE Capital in Leveraged equities. Tiby has an undergraduate degree in an undergraduate degree in Finance and Real Estate & Corporate Finance. Jordan has an undergraduate Finance from the University of Texas at San Antonio. from the University of Wisconsin - Madison. degree in Economics and Political Science from Indiana University. For illustrative purposes only. 5 CONFIDENTIAL: NOT INTENDED FOR GENERAL DISTRIBUTION
“This is one of the most exciting opportunities you’ll ever be part of” “Legalizing marijuana is a step forward in reforming our broken criminal justice system” “It’s a generational opportunity” For illustrative purposes only. Source: The New York Times, J.B. Pritzker’s website 7 CONFIDENTIAL: NOT INTENDED FOR GENERAL DISTRIBUTION
33 states + DC MO UT 28 states + DC LA OK AR AR WV FL OH FL OH 23 states + DC ND PA ND PA IL MN IL MN IL MN 18 states + DC MD NH MD NH MD NH CT CT NY CT NY CT NY 15 states + DC DE MA DE MA DE MA DE MA 13 states AZ DC AZ DC AZ DC AZ DC AZ DC 11 states MI MI NJ MI NJ MI NJ MI NJ MI NJ 10 states RI RI NM RI NM RI NM RI NM RI NM RI NM Note: Illinois recently legalized recreational 8 states 8 states MT VT MT VT MT VT MT VT MT VT MT VT MT VT MT VT cannabis. The law will go into effect on January 1st, CO HI CO HI CO HI CO HI CO HI CO HI CO HI CO HI CO HI CO HI 2020. 4 states ME NV ME NV ME NV ME NV ME NV ME NV ME NV ME NV ME NV ME NV 1 state Legalized medical and recreational cannabis AK OR AK OR AK OR AK OR AK OR AK OR AK OR AK OR AK OR AK OR AK OR Legalized medical cannabis CA WA CA WA CA WA CA WA CA WA CA WA CA WA CA WA CA WA CA WA CA WA CA 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 For illustrative purposes only. There is no assurance that medical and/or recreational cannabis will be legalized in additional states or at the federal level. Source: Gallup News Service. 8 CONFIDENTIAL: NOT INTENDED FOR GENERAL DISTRIBUTION
Wine 72.2 Estimated Rec Cannabis (2027) 60.0 Pizza 45.7 Gym Memberships 28.6 Online Food Delivery 17.0 NFL 15.0 Taco Bell 10.8 Legal Cannabis (2018) 10.0 E-cigarettes 3.6 Fortnite Video Game 2.4 Goldfish Crackers 0.9 For illustrative purposes only. Source: Marijuana Business Daily (2018), Aspen Times (2018). 9 CONFIDENTIAL: NOT INTENDED FOR GENERAL DISTRIBUTION
Recommend
More recommend
