Onekanew Christian Sinclair AFN NATIONAL CANNABIS SUMMIT September - - PowerPoint PPT Presentation

Onekanew Christian Sinclair AFN NATIONAL CANNABIS SUMMIT September 5, 2019

OCN Annual General Report 2018-2019

About OCN

• Opaskwayak Cree Nation is located across the river from

The Pas, along Highway 10 North

• It is a six hours drive north of Winnipeg
• Total treaty land: 15, 002 acres
• Total parcels of land: 17

Oath of Office Ceremony of Onekanew mena Onuschekewuk

September 2016

Thinking outside the box to avoid third party management…

OPASKWAYAK CREE NATION - FINANCIAL PERFORMANCE – SURPLUS (DEFICIT) Report 1: Opaskwayak Cree Nation Leadership

1999-2001 Chief Frank Whitehead Councillors: Ron A. Constant Stan Head Stephen Head Edwin Jebb Gilbert Lathlin Silas Lathlin Maria Moore Nathan McGillivary Glen Ross Vince Sinclair Henry Wilson Danny Young 2001-2003 Chief Frank Whitehead Councillors: Josephine Budd Michael G. Constant Irene Cook Philip Dorion Stanley Head Stephen Head Silas Lathlin William J. Lathlin Maria Moore Glen Ross Henry Wilson Danny Young 2003-2005 Chief Frank Whitehead Councillors: Maureen Brown Clarence Constant Michael G. Constant Ronny A. Constant Gary Cook Garth Flett Marie Jebb Don Lathlin Gilbert Lathlin Glen Ross Henry Wilson Danny Young 2005-2007 Chief Francis Flett (Mar 9, 2006) Chief Glen Ross Councillors: Kerry Bignell Maureen Brown Clarence Constant Michael G. Constant Omar Constant Garth Flett Karen Innes Don Lathlin Nathan McGIllivary Glen Ross Danny Young 2007-2009 Chief Glen Ross Councillors: Kerry Bignell Clarence Constant Omar Constant Ronny A. Constant Gary Cook Garth Flett Stan Head Karen Innes Edwin Jebb John Paul Martin Bernice Genaille- Young Danny Young 2009-2011 Chief Michael G. Constant Councillors: Mike Bignell Clarence Constant Philip Dorion Garth Flett Bernice Genaille- Young Edwin Jebb Mike Jebb Jr. Amanda G. Lathlin William J. Lathlin John Paul Martin Nathan McGillivary Danny Young 2011 -2013 Chief Michael G. Constant Councillors: Mike Bignell Josephine Budd Clarence Constant Omar Constant Terry Constant Gary Cook Philip Dorion Savannah Henderson Edwin Jebb Mike Jebb Jr. Lori Lathlin William J. Lathlin 2013 – 2016 Chief Michael G. Constant Deputy Chief William J. Lathlin Councillors: Omar Constant Rick Constant Terry Constant Edwin Jebb Dale Knutson John Nasecapow Bernice Genaille-Young 2016 – 2019 Onekanew Christian Sinclair Vice-Onekanew Jennifer Flett Onushekawuk: (2 bi-elections) Omar Constant (Sep 2016 to Jun 2017) Edwin Jebb Lori Lathlin William J. Lathlin (Sep 16 to Jun 2017) John Paul Martin John Nasecapow Jeremy Sinclair (Sep 2016 to Jun 2017) Michael G. Constant (Sep 2017 to Jan 2018) Dale Knutson (Sep 2017 to current) William J. Lathlin (Sep 17 to current) Omar Constant (Apr 18 to current)

WORKING GROUP: Nicole Mead, Chief Financial Officer; Darryl Bauer, former Interim Director of Administration; Peter Norman, former Interim Director of Finance; Courtney Hester, Personnel Administrator; Tammy Constant, Executive Assistant to Chief Financial Officer; Odette McGillivary, Executive Assistant to Interim Director of Finance; Nancy Dorion, Band Secretary; Jerilyn Cowley, Receptionist; Shelley Sinclair, Intergovernmental Relations

NOTE 1: Additional information is requested from PBDC for the year 2001 – 2013. NOTE 2: Research bank loans. Identify the payment arrangements, term of bank loan (demonstrating when bank loan will be paid back) and interest rate. NOTE 3: 2017 – 2018 states a surplus of $14,797,956 and 2018 – 2019 states a surplus of $15,169,656. Finance to provide information on which organizations are in surplus position, in deficit position and what the market value of investments is. (6,795,782) (2,751,463) (3,333,708)

(3,981,414) (3,928,956) (5,627,276) (957,879)

1,482,405 (20,467) 715,968 (2,025,188) (2,025,188)

(3,351,538)

(1,086,843) (4,051,969) (3,220,203) 14,797,956 15,169,656 $(8,000,000) $(6,000,000) $(4,000,000) $(2,000,000) $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 $18,000,000

2001-2002 2002 -2003 2003-2004 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019

• First Nations Land Management Act (FNLMA)

1999, legitimized First Nations to adopt a custom land code that replaces most of the reserve land provisions of the Indian Act

• February 1994, Opaskwayak Cree Nation is one
• f the original 14 First Nations to sign on to

initiating the FNLMA

• Opaskwayak Cree Nation has chosen to exercise

their powers under this Act to define and regulate land interests on reserve, adopting land code in 2003

• Our vision is to initiate the work of the business

development park that focuses on serving Northern Manitoba

• Our plans focuses on the surrounding areas of our

Traditional Territory of Treaty 5, The Town of The Pas, and the Rural Municipality of Kelsey

• October 2016, Financial

Administration Law

• January 2017, FNFA

Borrowing Member

• November 28, 2016, Opaskwayak

Cree Nation is one of seven First Nations added to the Schedule of the First Nations Fiscal Management Act

• FNTC lobbying Manitoba

Government for First Nation taxation, including fuel, accommodation, cannabis and tobacco

Opaskwayak Cree Nation leadership and administration meet with the Financial Management Board on February 27, 2019 in preparation for certification

March 2019, FMB Certification

– Onekanew (Chief) Christian Sinclair, Opaskwayak Cree Nation 10 Year Grant

“critical to success in a First Nation. The

immediate benefits of this new agreement will see funding flow into programming on a monthly basis. This allows us the flexibility to allocate, manage, and use the funding that will accommodate our daily needs and priorities in a way that represents our Cree values and

• traditions. This is truly a first step in

acknowledging a true partnership that is focused on nation to nation building.”

Building Partnerships

collection for ORT and the Jordan’s Principle clinic. There is also phlebotomy service and a clinic. – There isn’t Women’s health clinic

$9.3 Billion Spending by Indigenous businesses, governments, and households and spending on infrastructure as of 2016 Census. Access Report: https://indigenousstrong.ca

Report At-a- Glance:

OCN invested $3 million into a cannabis dispensary company (recovered initial investment in less than a year) One of the largest private shareholders (8.4 % of company equaling 10.8 million shares)

NATIONAL ACCESS CANNABIS

+$50m in Retail Revenue Since Legalization and growing

TODAY

35 Stores 34 Licenses

$76m*

Revenue Run Rate

END OF 2019

40 Stores Forecast***

$80m

Revenue Forecast

END OF 2020

110 Stores Forecast***

$300m

Revenue Forecast

• The projections in this slide are subject to a variety of factors which management cannot guarantee the accuracy of. Management used assumptions in creating this slide based on management’s

judgement, analysis and internal forecasts. ** Based on provincial store counts as of June 2019 *** Anticipated retail cannabis stores are subject to, among other things, provincial and municipal regulatory approvals

LARGEST CANADIAN RECREATIONAL CANNABIS RETAILER

1 1 1

OUR RETAIL CANNABIS STORE LOCATIONS

35

LOCATIONS NATIONWIDE

AS OF SEPTEMBER 019

4 1

WINNIPEG, MANITOBA

4

24

1 10 Meta Cannabis Supply Co. Locations

BRANDON, MANITOBA

1

OPASKWAYAK, MANITOBA

1

PORTAGE LA PRAIRIE, MANITOBA

1

THOMPSON, MANITOBA

1

MORDEN, MANITOBA

1

24 NewLeaf Cannabis Locations

CALGARY, ALBERTA

13

EDMONTON, ALBERTA

4

• ST. ALBERT, ALBERTA

1

LETHBRIDGE, ALBERTA

3

MOOSE JAW, SASKATCHEWAN

1

1

MEDICINE HAT, ALBERTA

1

AIRDRIE, ALBERTA

2

34

EMPLOYEES WORKING ON FN

AS OF SEPTEMBER 019

96

META EMPLOYEES

AS OF SEPTEMBER 019

338

TOTAL EMPLOYEES

AS OF SEPTEMBER 019

NATIONAL ACCESS CANNABIS

GROWING OUR RETAIL CANNABIS LOCATIONS

2020 TARGET: 110 STORES*

50 12 8 25 14 1

+ Strategic alliance with Second Cup * Anticipated retail cannabis stores are subject to, among other things, provincial and municipal regulatory approval