Global Family of Brands Investor Presentation P O W E R E D - - PowerPoint PPT Presentation

• f psychosis and schizophrenia. Higher THC content can

• r near-daily use increases the risk of dependence and may bring
• n or worsen disorders related to anxiety and depression.

• harmful. Harmful chemicals found

Investor Presentation

Q4 2019

TSXV: NDVA I OTCQX: NDVAF

P O W E R E D B Y I N D I V A

T M

Global Family of Brands

TSXV: NDVA I OTCQX: NDVAF

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Forward- Looking Statement

The information contained herein, together with any amendments or supplements and any other information that may be furnished by the Company, includes forward-looking

• information. Such information is based on assumptions as to future events that are

inherently uncertain and subjective. The Company makes no representation or warranty as to the attainability of such assumptions, including the completion of fjnancing or as to whether future results will occur as projected. It must be recognized that the projections of the Company’s future performance are necessarily subject to a high degree of uncertainty, that actual results can be expected to vary from the results projected and that such variances may be material and adverse. Prospective investors are expected to conduct their own investigation with regard to the company and its prospects. This presentation does not constitute an ofger to sell or a solicitation of an ofger to buy any security.

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Attractive revenue growth profile

Driven by new products, production growth, broader distribution, extraction services and contract manufacturing.

Products

Strong platform of globally-recognized consumer cannabis brands. Exclusive partnerships to produce and distribute award-winning Bhang ChocolateTM, Sapphire SaltTM, Ruby SugarTM and Chewable GemsTM to Canadians.

Services

70-tonne extraction facility to produce more than 4 million grams of distillate. Partnerships with industry leaders to provide extraction and formulation services. Limitless product options for extracts and edibles.

Experienced management team

Leadership team has decades of experience in operations, fjnance, business development, consumer packaged goods, and distribution.

Why Invest

Capitalization

Basic Shares ................. 83.6mm Warrants ....................... 28.1mm Options ......................... 5.4mm Fully Diluted Shares Outstanding .................. 117.1mm

Balance sheet

Cash (June 30, 2019) ......$3.9mm Debt (Oct 2019) ............. $6.5mm Management and Insider Ownership ......................... 17% 3

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Sales And Expansion Success

*Subject to Health Canada approval

2017

Q3 2017

• Indiva receives

cultivation licence from Health Canada Q4 2017

• Indiva completes a

reverse takeover and begins trading on TSX Venture Exchange under NDVA

2019

Q1 2019

• Indiva announces supply

agreement with Ontario Cannabis Store (OCS) Q2 2019

• Health Canada approves

three new fmower rooms

• Indiva adds two additional

processing rooms to accomodate edibles and contract manufacturing

• Construction complete on

three additional fmower rooms and two processing rooms Q3 2019

• Indiva announces supply

agreement with Société québécoise du cannabis (SQDC) to distribute products in Quebec

• Indiva signs agreement to

provide extraction services to TerrAscend Q4 2019*

• Indiva closes non-dilutive $11

million debt fjnancing

• Indiva announces facility

expansion approval, doubling grow capacity and providing licensed space to produce edibles

• Indiva’s extraction facility

becomes operational with 70-tonne biomass capacity resulting in 4 million grams of distillate

• Indiva introduces dry fmower,

tinctures and capsules (accepted by OCS)

• Indiva begins manufacturing

and distribution of edibles and extracts

2019 / 2020 2018

Q1 2018

• Expansion to 40,000 square feet

begins Q2 2018

• Indiva and Bhang create joint

venture to manufacture, distribute and export award-winning cannabis-infused chocolate and derivative products

• Indiva enters exclusive licence

agreement with DeepCell Industries to produce and distribute Ruby SugarTM, Sapphire SaltTM, and Chewable GemsTM Q3 2018

• Indiva receives sales licence from

Health Canada

• Indiva begins trading on the

OTCQX under NDVAF Q4 2018

• Indiva signs letter of intent to

acquire licence in Denmark

• pening gateway to Europe

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Q1

2019

Sales begin through OCS Three new fmower rooms plus three processing rooms Capacity: 1,000 kg annual fmower production

Q2

2019

* Three additional fmower rooms plus two processing rooms Capacity: 3,000 kg annual fmower production

Q3

2019

SQDC LOI in place for supply agreement Agreement in place with TerrAscend to provide extraction services * Extraction facility

• perational, capacity will

be 70-tonnes biomass, 4 million grams distillate SQDC sales begin Processing and production of edibles and extracts begins

Q4

2019

Sales of of edibles and extracts begins ** Farm gate store

Q1

2020

*Subject to Health Canada approval **Subject to AGCO approval

Roadmap For Growth

* Introduction of tinctures and capsules (accepted by OCS) Introduction of dry fmower Introduction of BhangTM Chocolate, Ruby SugarTM, Sapphire SaltTM and Chewable GemsTM Pre-rolls for sale at OCS.ca Pre-rolls for sale at licensed stores

• harmful. Harmful chemicals found

• harmful. Harmful chemicals found

• f psychosis and schizophrenia. Higher THC content can

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The Case For Edibles

Edibles Market Share in Mature Markets

NEVADA

25% 4% 15% 39% 17%

CALIFORNIA

5% 30% 6% 18% 41%

Flower Concentrate Edibles Pre-roll Others

Source: BDS Analytics, Colorado Department of Revenue, Cannabis Business Executive, Mackie Research, 420intel.com, Deloitte

Total addressable cannabis market

• f $7-10 billion in

Canada Edibles market share likely to mirror mature markets in the U.S.

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Opportunity

* 4.4 million Canadians admit to use in last 12 months * 60% of users represent < 5% of consumption

1600 200 250 1200 800 375 10 20

Once Less than

• nce

a month 1-3 times per month At least

• nce a

week Daily

600

Annual Cannabis Users and Consumption

Consumption (metric tonnes) Users (thousands)

Opportunity Defjned

New product introduction Extraction services contract manufacturing Opportunity

Over supply of dry flower just around the corner

Production Capacity Tonnes Aurora Cannabis .................... 700 Canopy Growth ......................500 Aphria .................................... 255 Tilray .....................................200 Cronos Group ......................... 135 OrganiGram .............................113 HEXO .....................................108 CannTrust ...............................105 Emerald Health Therapeutics ..100 The Green Organic Dutchman ... 95 Total (metric tonnes) ........... 2,411

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Distribution Channels in Canada

MEDICAL RECREATIONAL

Licensed Producer Licensed Producer Provincial Wholesaler Customer Customer

Online sales Licensed stores Online sales Home delivery

Recreational cannabis is primarily sold by licensed producers to provincial government wholesale monopolies, such as the OCS in Ontario or SQDC in Quebec. Provincial wholesalers control all

• nline sales and sales of legal

product to retailers.

TM TM

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Adult-use Recreational Market

Pre-rolls Capsules Chocolate/Edibles Flower RECREATIONAL MARKET MEDICAL CANNABIS Tinctures PRODUCT ON QC AB SK NS BC CANADA Q4 2019 Q1 2020* Q4 2019 Q4 2019 / Q1 2020 Q4 2019 / Q1 2020 2020 2020 2020 2020 Q4 2019 Q1 2020 Q4 2019 Q4 2019 2020 Q4 2019

*As law permits

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Indiva’s International Brands

Our aim is to deliver cannabis products that delight consumers with their quality and creativity. As the exclusive Canadian manufacturer and distributor of award-winning Bhang ChocolateTM, Ruby SugarTM, Sapphire SaltTM and Chewable GemsTM, Indiva expects to be the national standard for excellence in edibles.

Global Family of Brands

TM

P O W E R E D B Y I N D I V A

TM

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High-Quality Products

At Indiva, our dedication to quality and innovation is what sets us apart. Our state-of-the- art, environmentally-conscious aeroponic grow operation and extraction facility allows us to deliver an array of fmower, oil and extract products to Canadians.

• harmful. Harmful chemicals found

• f psychosis and schizophrenia. Higher THC content can

F L O W E R

• Pre-rolls
• Dry fmower

DERIVATIVES

• Capsules
• Oils
• Oral spray

TSXV: NDVA I OTCQX: NDVAF

TM TM

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EDIBLES

• THC Milk chocolate
• THC Dark chocolate
• CBD Milk chocolate
• CBD Dark chocolate
• 50/50 Caramel chocolate

POWERED BY INDIVA

EDIBLES

• Infused sugar
• Infused salt
• Fruit-based

chews

POWERED BY INDIVA

Products Powered by INDIVATM

Indiva, through its joint venture with Bhang, is proud to be the exclusive provider of Bhang ChocolateTM in Canada. This wildly popular, award-winning edible is a favourite among cannabis connoisseurs. We are also the exclusive Canadian manufacturer and distributor of Ruby SugarTM, Sapphire SaltTM, and Chewable GemsTM.

TSXV: NDVA I OTCQX: NDVAF

TM

• r near-daily use increases the risk of dependence and may bring
• n or worsen disorders related to anxiety and depression.

• r near-daily use increases the risk of dependence and may bring
• n or worsen disorders related to anxiety and depression.

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F I N A N C E A N D C O R P O R AT E D E V E L O P M E N T

– – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – –

Niel Marotta President and CEO, Director, Co-founder Managed over $1 billion across several industries Involved in capital raises and M&A transactions exceeding $1 billion Jennifer Welsh CPA Chief Financial Offjcer Over 12 years of experience in senior fjnance roles for TSX and TSXV-listed companies in mining and cannabis Jamie Rifg, P.Eng Vice President of Corporate Development Over 15 years experience in capital markets and institutional sales C R E A T I V E & B R A N D D E S I G N

– – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – –

Tom Borowicz Chief Brand Offjcer Over 30 years of experience in marketing, branding, print/digital advertising and design with Fortune 500 companies C O M M U N I C A T I O N S

– – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – –

Kate Abernathy Vice President of Communications Over 10 years of experience in corporate communications and public relations strategy for Fortune 100 companies O P E R A T I O N S

– – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – –

Rob Carse Vice President of Operations Over 20 years of experience in operations and supply chain management in large consumer packaged goods and food manufacturing Melissa Kurek Director of Operations Over 15 years experience in commercializing products in the consumer packaged goods industry for some of the world’s largest food, confectionery and beverage companies Egle Adomaityte Director of Cultivation Over 10 years of experience in horticulture and technology in the vegetable and cannabis industry as a grower/manager, including work as

• ne of the fjrst growers at one of the largest licensed producers in Canada

Q U A L I T Y A S S U R A N C E A N D C O M P L I A N C E

– – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – –

Darrin Statchuk Director of Quality Assurance and Compliance 25 years experience within the pharmaceutical / medical device industry and food industry with responsibility for all the licensing activities H U M A N R E S O U R C E S

– – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – –

Sherry Kelly Human Resources Manager 15 years of human resources management experience including strategic human resources planning, talent management and leadership

Talented and Experienced Team

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London Facility

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Production Facility

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Annual production at full capacity

• 70-tonne extraction facility
• 4 million grams of distillate
• 3 million grams of fmower
• Retail store to be built on site once

permitted Products:

• Chocolate
• Capsules
• Tinctures
• Cannabis sugar and salt
• Fruit chews
• Pre-rolls
• Craft cannabis

Services:

• Extraction services
• Formulation
• Contract manufacturing:
• Pre-rolls
• Vape cartridges
• Concentrates

Process Room Process Room Indiva Store Processing Process Room Dry 2 Trim 2 Utility Room Extraction Flower Flower Flower Flower Flower Flower Mother

Pump Str/Rec Lab Storage

Pack Dry Trim Admin

London Facility

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INVESTOR RELATIONS CONTACT INFORMATION Niel Marotta, President & CEO T: 519-649-6686 • E: niel@indiva.com www.indiva.com @indivalife