Investor Presentation Q1 2019 TSXv: NDVA 2/22 I N V E S T O R P - - PowerPoint PPT Presentation

Q1 2019

Investor Presentation

2/22 TSXv: NDVA I N V E S T O R P R E S E N TAT I O N

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

• n 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 a fjnancing

• r 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

• wn 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.

Forward Looking Statement

3/22 TSXv: NDVA I N V E S T O R P R E S E N TAT I O N

• Award-winning cannabis products
• State-of-the-art GMP-standard indoor

production facility

• Experienced Master Grower with

award-winning strains and loyal 1000+ patient base

• Experienced management team

Sales have begun through the Ontario Cannabis Store (OCS.ca) Fully funded expansion to 40,000 square feet drives revenue growth 70 tonne extraction facility to produce distillate for INDIVA, Bhang, Deep Cell and other products

Capitalization: Basic Shares Outstanding

Warrants: .............................. 28.3mm Options: ....................................4.7mm Convert: ...................................6.9mm Fully Diluted Shares Outstanding

Balance Sheet: Cash (Sept. 30, 2018)

Management and Insider Ownership

Executive Summary

4/22 TSXv: NDVA I N V E S T O R P R E S E N TAT I O N For sale at OCS.ca Capacity: 1,000kg annual fmower production Capacity: 3,000kg annual fmower production **Farm Gate Store *3 New fmower rooms * Pending Health Canada approval ** Pending AGCO approval *5 additional fmower rooms *Extraction facility operational Capacity: 70 tonnes biomass, 4 million grams distillate Processing & commercial kitchen

• perational

OCS Product Call Introduction of Vape Pens, Bhang Chocolate, Chewable Gems, Ruby Sugar & Salt

Q1

2019

Q2

2019

Q3

2019

Q4

2019

2019 Roadmap

Introduction of Dry Flower, Tinctures & Gel Capsules

5/22 TSXv: NDVA I N V E S T O R P R E S E N TAT I O N

INDIVA International Brands

Our aim is to bring our family

• f global cannabis brands to

Canadians, and as marijuana laws liberalize in Canada and internationally, Indiva will use its Canadian operations as a platform to open new markets for its products.

Global Family

• f Brands

POWERED BY INDIVA POWERED BY INDIVA

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INDIVA Products Stand for Quality

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Products Powered by INDIVA

BhangTM is the most awarded line of cannabis chocolate bars available in the world.

8/22 TSXv: NDVA I N V E S T O R P R E S E N TAT I O N

Products Powered by INDIVA

RubyTM sugars and salts are ‘Flexible Edible’ cannabis products created to easily incorporate into your everyday food and drink.

9/22 TSXv: NDVA I N V E S T O R P R E S E N TAT I O N

SIZE AND MAKEUP OF THE CANADIAN RECREATIONAL MARKET According to the Deloitte Survey, the size

• f the Canadian recreational cannabis

market could be as much as $8.7 billion per year, or similar to the size of the Canadian spirit market.

Daily Weekly Monthly Occasionally Non-Consumers Potential Customer

17% 61% 7% 4% 8% 3%

ANNUAL CANNABIS USERS AND CONSUMPTION Source: PBO

Once Less than once a month 1-3 Times per month At least once a week Daily

Users (Thousands) Consumption (Metric Tonnes) Source: Deloitte, PBO

Recreational Cannabis

$7-10 Billion Domestic Market Opportunity!

* 2.6 million Canadians admit to use in last 12 months * Represents <5% of total consumption

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GROWTH RATE OF MEDICINAL CANNABIS USERS IS HIGHER THAN EXPECTED Health Canada projected 450,000 patients will be using cannabis at $1.3 billion annual revenue by 2024.

Registered Patients

450,000 400,000 350,000 300,000 250,000 200,000 150,000 100,000 50,000 2024 2023 2022 2021 2020 2019 2016 2017 2018 2015

September 2018: registered patients exceeds Health Canada’s 2023 projection

POTENTIAL MARKET Source: Health Canada, Statistics Canada, Canadian Community Health Survey, medicalmarijuana.ca

Multiple Sclerosis Epilepsy Cancer Low BMI Severe Pain Risk of Depression Migraine Headaches Insomnia Anxiety Arthritis Hypertension Life Stress (Elevated)

6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000

18,086

physicians have authorized patient access to medicinal marijuana

342,103

registered patients in total to date (~80% from ON and AB)

Growing Demand for Medical Cannabis

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YT 1 4 2 3 2 4 NT AB SK MB QC NL PE NS NB NU

73 ON

32 BC 9 12

Number of licences issued by province

Source: Mackie Research, 420intel.com

Supply of Cannabis

OVER-supply

• f dry fmower

just around the corner!

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

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FINANCE & CORPORATE DEVELOPMENT

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

Niel Marotta

President & CEO, Director, Founder

• Managed over $1 Billion across several

industries Involved in capital raises and M&A transactions exceeding $1 Billion FINANCE

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

Jennifer Welsh, CPA

Chief Financial Offjcer

• Managed a global fjnance team for eight

years as Corporate Controller of a TSX listed company

• Former consultant for a publicly traded LP

CORPORATE DEVELOPMENT

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

Jamie Rifg, P.Eng

VP Corporate Development

15+ years experience in capital markets and institutional sales CREATIVE & BRAND DESIGN

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

Tom Borowicz

Chief Brand Offjcer

• Over 30 years of experience in marketing,

branding, print/digital advertising and design with Fortune 500 companies PRODUCTION

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

Pete Young

Master Grower, Founder

• Grow Team: 15+ years of experience producing

medicinal strains for hundreds of patients

• International recognition and multiple product

awards PROJECT MANAGEMENT

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

Jose Laurentino

• 20+ years in agricultural project development

including indoor and greenhouse expertise

Talented & Experienced Team

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POSITIONING At Indiva our roots run deep and we stand for the destigmatization and normalization of cannabis for medicinal and recreational use. Our logo symbolizes experience, strength, know-how practical knowledge, as well as a strong foundation for investment and growth. It is respectful of the cannabis movement without the clichés of cannabis counter-culture. Our clean aesthetic and pallet strike the perfect balance between mature yet accessible, contemporary but still classic enough to be lasting, and holistic without looking like products that only belong in a health food store. Family of brands: partnerships with award winning brands which will be “Powered by INDIVA”

Our Corporate Identity

14/22 TSXv: NDVA I N V E S T O R P R E S E N TAT I O N

WHOLESALE STRATEGY

• Sales through the Ontario Cannabis Store
• Sales teams active in multiple provinces
• Farm gate sales
• Responding to provincial RFPs and retailers
• Access to award winning US products

MARKETING

• SEO, E-store, blog, and social media campaigns

launched in 2017; mailing list of up to 3,000 clients

• Packaging developed and focus group tested
• Engaging events team and keynotes at cannabis,

wellness, cultural, and community events across Canada

• Featured interviews in key publications

COMPASSION COMMUNITY RELATIONS

• Established relations with prominent and

experienced members of the compassion community

• We will ofger familiar strains and an overall respectful

and familiar patient experience

Customer Acquisition Strategies

We are for

• twenty. You
• buy. You help

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Production Facility

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40,000 square foot building purchased February 2019 Extraction and processing facility under construction Retail store to be built on site

London Facility

• Cultivation
• Oil Extraction
• Processing
• Product

Manufacturing

• Retail

17/22 TSXv: NDVA I N V E S T O R P R E S E N TAT I O N

London Facility

Fully Funded Expansion

Flower Flower Indiva Store Oil Extraction and Processing Veg Dry 2 Trim 2 Utility Room Extraction Flower Flower Flower Flower Flower Flower Mother

Pump Str/Rec Lab Storage

Pack Dry Trim Admin

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Domestic Expansion

LARGE SCALE CULTIVATION / OFFTAKE

• Currently evaluating facilities for production and ofgtake partnerships
• INDIVA’s criteria: access to infrastructure, experienced production partner, ability to

fund retrofjt out of existing cash resources, measured expansion over time

International Expansion

INTERNATIONAL DISTRIBUTION & PRODUCTION

• Acquisition of license in Denmark creates gateway to Europe
• Agreements with US cannabis products companies to use Canada to produce and

export internationally

Expansion Path

• Flowers
• Oil
• Products

For FAQs and contact information visit www.indiva.com. @indivalife