4Twenteezs with Pablo Zuanic

Speakers: Aaron Bloom, CEO, DocMJ Robert Beasley, CEO, Fluent Cannabis Richard Cheng, Managing Member, Ritter Spencer Cheng PLLC Discussion Points • New medical cannabis (MMJ) regulations • How many more MMJ licenses? And when will they be awarded • Expansion of MMJ conditions • The banned hemp regulations • What are the next steps on hemp post the Governor’s veto #cannabis #cannabisstocks #cannabisdispensary #FluentCannabis #DocMj #cannabislaw #RitterSpencerChengPLLC Follow us on http://zuanicassociates.com pablo.zuanic@zuanicgoup.com in X https://x.com/420Odysseus / zuanic-associates-llc

Speakers:Eric Offenberger, CEO/COOTrevor Scott, CFOScott Everett, General CounselAbout Vext ScienceVext Science, Inc. is a U.S.-based cannabis operator. Vext’s expertise spans from cultivation through to retail operations in its core markets of Arizona and Ohio.Based out of Arizona, Vext owns and operates state-of-the-art cultivation facilities, fully built-out manufacturing facilities as well as dispensaries in both Arizona and Ohio. The company manufactures Vapen™, one of the leading THC concentrates, edibles, and distillate cartridge brands in Arizona. Its selection of award-winning products are created with Vext’s in-house, high-quality flower and distributed across Arizona and Ohio, as well as through Vext’s partnerships in other states.#cannabis #cannabisstocks #cannabisdispensary #vextRenowned analyst Pablo Zuanic conducts insightful interviews with key figures in the cannabis industry, helping investors better understand the dynamic sectoral landscape and gain first hand knowledge of the various operators. Zuanic & Associates is a boutique equity research, consulting, and advisory firm covering the emerging consumer sectors. Led by renowned Wall Street analyst Pablo Zuanic, the firm covers companies in North America and overseas, publishing both thematic and stock-specific research. The firm’s publications are often covered by the business wires, trade publications, and social media.Follow us on http://zuanicassociates.com pablo.zuanic@zuanicgoup.com in X https://x.com/420Odysseus / zuanic-associates-llc

Speaker: Anthony Coniglio, CEO, NewLake Capital PartnersDiscussion Points Growth outlook given MJ industry landscape Quality of the tenant book On Calypso and Revolutionary Clinics Read across from defaults disclosed by industry peer IIPR Potential catalysts for NLCP shares Opportunities outside the US About NewLake Property Partners NewLake Capital Partners, Inc. is an internally-managed real estate investment trust that provides real estate capital to experienced state-licensed cannabis operators through sale-leaseback transactions, third-party purchases as well as funding for expansions and build-to-suit projects. NewLake currently owns a portfolio of 31 cultivation facilities and dispensaries across 12 states that are leased to single tenants on a triple-net basis.#stockinvesting #cannabisstocks #cannabisdispensary #cannabisstocks #commercialrealestateinvestorRenowned analyst Pablo Zuanic conducts insightful interviews with key figures in the cannabis industry, helping investors better understand the dynamic sectoral landscape and gain first hand knowledge of the various operators. Zuanic & Associates is a boutique equity research, consulting, and advisory firm covering the emerging consumer sectors. Led by renowned Wall Street analyst Pablo Zuanic, the firm covers companies in North America and overseas, publishing both thematic and stock-specific research. The firm’s publications are often covered by the business wires, trade publications, and social media.Follow us on http://zuanicassociates.com pablo.zuanic@zuanicgoup.com in X https://x.com/420Odysseus https://www.linkedin.com/company/zuanic-associates-llcDisclaimer: The content presented in this video clip is an integral part of Zuanic & Associates’ due diligence and research process. The views and opinions expressed by the speakers are solely their own and do not necessarily represent the views or opinions of Zuanic & Associates, its affiliates, or its employees. Zuanic & Associates may have current or future business relationships with the companies or individuals mentioned in this video; however, any such relationships are not intended to influence the content presented herein. This video is provided solely for educational and informational purposes. This video is not intended as investment advice, nor should it be construed as a recommendation to engage in any investment activity. Investors are encouraged to conduct their own thorough research and analysis and to seek advice from qualified financial advisors before making any investment decisions. The information contained in this video should be used as a supplementary tool, not as the sole basis for any investment decision.

Speakers:Michael DeGiglio, President & CEO, Village Farms InternationalOrville Bovenschen, President, Pure Sunfarms & Leli Holland DivisionsAbout Village Farms InternationalVillage Farms leverages decades of experience as a large-scale, Controlled Environment Agriculture-based, vertically integrated supplier for high-value, high-growth plant-based Consumer Packaged Goods opportunities, with a strong foundation as a leading fresh produce supplier to grocery and large-format retailers throughout the US and Canada, and new high-growth opportunities in the cannabis and CBD categories in North America and selected markets internationally. In Canada, the Company’s wholly-owned Canadian subsidiary, Pure Sunfarms, is one of the single largest cannabis operations in the world, the lowest-cost greenhouse producer, and one of Canada’s best-selling brands. The Company also owns 70% of Québec-based, Rose LifeScience, a leading third-party cannabis products commercialization expert in the Province of Québec. In the US, wholly-owned Balanced Health Botanicals is one of the leading CBD brands and e-commerce platforms in the country. Subject to compliance with all applicable US federal and state laws and stock exchange rules, Village Farms plans to enter the US high-THC cannabis market via multiple strategies, leveraging one of the largest greenhouse operations in the country (more than 5.5 million square feet in West Texas), as well as the operational and product expertise gained through Pure Sunfarms’ cannabis success in Canada.About Leli Holland About Leli Holland: They are one of the 10 license holders, selected by the Dutch government, to produce cannabis for the coffeeshops that take part in the first trial to produce cannabis responsibly. Their major shareholder, Village Farms, is one of the leader in the global cannabis sector.#cannabisstocks #cannabisdispensary #globalcannabis #cannabislegalization #villagefarmsFollow us onhttp://zuanicassociates.compablo.zuanic@zuanicgoup.comX https://x.com/420Odysseushttps://www.linkedin.com/company/zuanic-associates-llcDisclaimer: The content presented in this video clip is an integral part of Zuanic & Associates’ due diligence and research process. The views and opinions expressed by the speakers are solely their own and do not necessarily represent the views or opinions of Zuanic & Associates, its affiliates, or its employees.Zuanic & Associates may have current or future business relationships with the companies or individuals mentioned in this video; however, any such relationships are not intended to influence the content presented herein. This video is provided solely for educational and informational purposes.This video is not intended as investment advice, nor should it be construed as a recommendation to engage in any investment activity. Investors are encouraged to conduct their own thorough research and analysis and to seek advice from qualified financial advisors before making any investment decisions. The information contained in this video should be used as a supplementary tool, not as the sole basis for any investment decision.

Speakers:Sascha Mielcarek, CEO Sebastian Pötzsch, CFO Arne Wilkens, CCO Silvia von Pistor, CIODiscussion Points • Company’s expansion plans and performance • Supply chain and RTM capabilities • Overall German MMJ market outlook • Plans to expand in the reimbursed segment • Partnerships with pharma companies for novel products • Upcoming capital raise • Plans outside GermanyAbout CanifyCanify Ag is a licensed pharmaceutical company focusing on medical cannabis. Products based on the latest research, sophisticated manufacturing technologies, and comprehensive control processes from production to practical use of cannabis – They believe that every person deserves high-quality care, individually and specifically tailored to their own needs. Their approach to sales and distribution is to make the Canna-Biz as easy and convenient as possible for pharmacies and wholesalers. They also offer tailor-made manufacturing and market access solutions for 3rd party collaborators, setting standards in terms of quality, production capacity and delivery time. Their manufacturing excellence meets the highest standards set by European GACP and GMP guidelines, so they can deliver transparency and traceability from the grow room to the patient.#cannabisstocks #cannabisdispensary #globalcannabis #germanycannabis #cannabislegalization #canify

Speakers: Dr. Constantin von der Groeben, MD & Co-Founder, Demecan Stefan Fritsch, Founder, Grünhorn Sascha Mielcarek, CEO, Canify AG About Demecan Demecan is the German market leader for medicinal cannabis. As pioneers in the industry, DEMECAN stands as Germany's premier provider of medicinal cannabis. They specialize in the sustainable cultivation and wholesale of medicinal cannabis, offering comprehensive solutions for the German medical cannabis industry. Their focus lies in quality, innovation, and service. With an unwavering goal of providing patients across Germany with top-tier medicinal cannabis, we continuously strive to enhance the quality of life for our customers and broaden access to safe, effective, and sustainable cannabis products. About Grünhorn Grünhorn is the largest German cannabis group, founded in 2020 in Leipzig. It includes, among others, the largest online mail-order pharmacy for cannabis, Schurer Pharma & Kosmetik GmbH (automated fulfillment and logistics services for pharmacies carrying cannabis), as well as canymed GmbH, a pharmaceutical wholesaler and manufacturer of medical cannabis products. Grünhorn represents strictly controlled, high-quality products and research in the cannabis sector. About Canify AG Canify AG is a licensed pharmaceutical company focussing on medical cannabis. Their products are based on scientific data, high-end technology, and an ambition to help patients. Their approach to sales and distribution is to make the Canna-Biz as easy and convenient as possible for pharmacies and wholesalers. They also offer tailor-made manufacturing and market access solutions for 3rd party collaborators, setting standards in terms of quality, production capacity, and delivery time. Their manufacturing excellence meets the highest standards set by European GACP and GMP guidelines, so we can deliver transparency and traceability from the grow room to the patient. #cannabisstocks #cannabisdispensary #globalcannabis #germanycannabis #canify #DEMECAN #Grünhorn

SpeakersKeith Cich, Co-Founder, Kanha/SunderstormTheo Terris, CEO, Uncle Arnie'sWesley Hein, Head of Global Brand Expansion, Mammoth Distribution (Heavy Hitters; Papa & Barkley)Chris Lane, Chief Marketing Officer, Gold FloraAbout Keith Cich Keith Cich is co-founder of Sunderstorm, a leading cannabis company that manufactures and distributes award winning Kanha gummies. The Company revolutionized edibles with nano, fast acting gummies and launched the first line of functional edibles that are doctor formulated. In 2024, Sunderstorm entered the D9 hemp market and opened in Thailand. Prior to founding Sunderstorm, Mr. Cich spent more than a decade on Wall Street in fixed income sales and trading for Merrill Lynch and Barclay Investments. Mr. Cich moved to Northern California and managed commercial real estate projects, including retail, office, and urban in-fill development. Mr. Cich has a B.A. in Economics from Stanford University and an MBA from New York University.About Theo Terris Theo is CEO of Uncle Arnie’s. Uncle Arnie's is a California-based beverage company “changing the way people perceive, consume and enjoy cannabis”. The company’s mission is to create the world’s most approachable, accessible, and iconic cannabis brand. Per the company website, “we launched our fine line of THC beverages in May 2020. Something about those days seemed ripe for escape to greener pastures. Well, we were right! People love this stuff a million times over! Here’s the secret: Uncle’s Arnie’s tastes terrific, feels fantastic, and costs about as much as a medium soft drink at the megaplex. But unlike a soft drink, it’s fizz-free. And unlike the megaplex, you can talk during this movie! Sometimes people ask, “Who is Uncle Arnie?” Uncle Arnie’s all of us, none of us… it’s an idea, see, about being free to tune in to the frequency of your own station and stay there awhile. No commercial interruptions! Life’s a trip. Drink it up.”About Wesley Hein Wesley Hein the President of the CDA and currently heads up Mammoth Distribution / Heavy Hitters’ Global Brand Initiatives which includes handling the company's strategic relationships, as well as its legal, licensing and government affairs departments. Wesley has extensive experience in managing high growth companies. Past experience includes co-founder & President of Enigma Records (acquired by EMI), Executive Vice President of the Walt Disney Company's Hollywood Records division, co-founder of Cineaste Software (merged into Kodak), and co-founder of Enigma Digital (acquired by Clear Channel Communications). Wesley also serves on the board of directors of the California Cannabis Manufacturers Association (CCMA), is Head of the Steering Committee of Legal Cannabis for Consumer Safety (LCCS) and is a member of the California Advisory Board of Americans for Safe Access (ASA).About Chris Lane Chris Lane is Gold Flora’s Chief Marketing Officer, responsible for brand, creative and growth strategy across retail and product businesses. With a background in global creative strategy and brand building, he focuses on building consumer empathy in brands and driving simultaneous top and bottom funnel growth. Previously, Chris was the CMO of Airfield Supply Company, which was acquired by Gold Flora in 2022; and prior the Global Head of Brand at Fiverr (NYSE: FVRR). Chris has worked with many of the leading companies in the world while leading creative agency practices and strategy teams at Method, Bite, WPP, and Edelman. He holds degrees from Santa Clara University in Fine Art and Strategic Communication.#stockinvesting #cannabisstocks #cannabisdispensary #cannabisstocks #commercialrealestateinvestor @goldflora_ca

Speakers: Anthony Coniglio, CEO, NewLake Capital Partners Dan Neville, CEO, Advanced Flower Capital Peter Sack, Managing Partner, Chicago Atlantic GroupAbout NewLake Property Partners NewLake Capital Partners, Inc. is an internally-managed real estate investment trust that provides real estate capital to experienced state-licensed cannabis operators through sale-leaseback transactions, third-party purchases as well as funding for expansions and build-to-suit projects. NewLake currently owns a portfolio of 31 cultivation facilities and dispensaries across 12 states that are leased to single tenants on a triple-net basis.About Advanced Flower Capital AFC, Inc. (NASDAQ: AFCG) is a publicly-traded, institutional lender that originates, structures and underwrites loans secured by commercial real estate and other types of financing solutions. AFC targets direct lending and bridge loan opportunities typically ranging from $10 million to $100 million across multiple real estate sectors, with a specialization in loans to state-licensed cannabis operators. It is based in West Palm Beach, Florida.About Chicago Atlantic Chicago Atlantic is a market-leading publicly traded commercial mortgage REIT utilizing significant real estate, credit and cannabis expertise to originate senior secured loans primarily to state-licensed cannabis operators in limitedlicense states in the U.S. We utilize an institutional approach to origination and a “credit-first’ underwriting process with stringent criteria centered around operator performance and strength, collateral, regulatory and market environments, and other factors. Over the years, we have developed a strong reputation among borrowers for delivering on commitments made. Operators choose Chicago Atlantic for our brand recognition, ability to execute on a timely basis, efficient deal process, in-depth industry knowledge, and strong ties to financial sponsors active in the cannabis space.#stockinvesting #cannabisstocks #cannabisdispensary #cannabisstocks #commercialrealestateinvestorRenowned analyst Pablo Zuanic conducts insightful interviews with key figures in the cannabis industry, helping investors better understand the dynamic sectoral landscape and gain first hand knowledge of the various operators. Zuanic & Associates is a boutique equity research, consulting, and advisory firm covering the emerging consumer sectors. Led by renowned Wall Street analyst Pablo Zuanic, the firm covers companies in North America and overseas, publishing both thematic and stock-specific research. The firm’s publications are often covered by the business wires, trade publications, and social media. Follow us on http://zuanicassociates.com pablo.zuanic@zuanicgoup.com in X https://x.com/420Odysseus https://www.linkedin.com/company/zuanic-associates-llc

Speaker Eric Offenberger, CEO, Vext Science Inc Trent Woloveck , Chief Strategy Director, Jushi Holdings IncAbout Vext Science Vext Science, Inc. is a U.S.-based cannabis operator. Vext’s expertise spans from cultivation through to retail operations in its core markets of Arizona and Ohio. Based out of Arizona, Vext owns and operates state-of-the-art cultivation facilities, fully built-out manufacturing facilities as well as dispensaries in both Arizona and Ohio. The company manufactures Vapen™, one of the leading THC concentrates, edibles, and distillate cartridge brands in Arizona. Its selection of award-winning products are created with Vext’s in-house, high-quality flower and distributed across Arizona and Ohio, as well as through Vext’s partnerships in other states.About Jushi Holdings Jushi is a vertically integrated, multi‑state cannabis operator engaged in retail, cultivation, manufacturing, and processing operations in both medical and adult‑use markets. The Company is focused on building a diverse portfolio of cannabis assets through opportunistic investments, acquisitions, and pursuing application opportunities in attractive limited license markets. Jushi strives to maximize shareholder value while delivering high-quality products across all levels of the cannabis ecosystem.#cannabisstocks #marijuana #marijuanastocks #stocks #msos #ohio #cannabisindustryRenowned analyst Pablo Zuanic conducts insightful interviews with key figures in the cannabis industry, helping investors better understand the dynamic sectoral landscape and gain first hand knowledge of the various operators. Zuanic & Associates is a boutique equity research, consulting, and advisory firm covering the emerging consumer sectors. Led by renowned Wall Street analyst Pablo Zuanic, the firm covers companies in North America and overseas, publishing both thematic and stock-specific research. The firm’s publications are often covered by the business wires, trade publications, and social media.Follow us on http://zuanicassociates.com pablo.zuanic@zuanicgoup.com in X https://x.com/420Odysseus https://www.linkedin.com/company/zuanic-associates-llc

Speakers: Dennis Logan, CFO, Planet 13 Holdings Mario Pinho, CFO, MariMed Inc Roman Nemchenko, CFO, Ascend Wellness Holdings About MariMed Inc MariMed Inc., a multi-state cannabis operator, is dedicated to improving lives every day through its high-quality products, its actions, and its values. The company develops, owns, and manages seed-to-sale of state-licensed cannabis facilities, which are models of excellence in horticultural principles, cannabis cultivation, cannabis-infused products, and dispensary operations. MariMed has an experienced management team that has produced consistent growth and success for the company and its managed business units. Proprietary formulations created by the company’s technicians are embedded in its topselling and award-winning brands, including Betty’s Eddies, Nature’s Heritage, InHouse, Bubby’s Baked, K Fusion, and Vibations: High+ Energy. About Planet 13 Holdings Planet 13 is a vertically integrated multi-state cannabis company, with award-winning cultivation, production and dispensary operations across its locations in California, Nevada, Illinois, and Florida. Home to the nation’s largest dispensary, located just off The Strip in Las Vegas, Planet 13 continues to innovate with the recent debut of its first consumption lounge in Las Vegas, DAZED! About Ascend Wellness Holdings AWH is a vertically integrated multistate cannabis operator with licenses and assets in Illinois, Michigan, Ohio, Massachusetts, New Jersey, Pennsylvania, and Maryland. AWH owns and operates dispensaries and seven state-of-the-art cultivation facilities, growing award-winning strains and producing a curated selection of products for retail and wholesale customers. AWH produces and distributes its in-house Simply Herb, Ozone, Common Goods, 'Effin and Royale branded products. AWH also produces and distributes products on behalf of its brand partners including Miss Grass, Lowell Smokes, Flower by Edie Parker, 1906, and AiroPro. #cannabisstocks #marijuana #marijuanastocks #stocks #financemotivation #msos Renowned analyst Pablo Zuanic conducts insightful interviews with key figures in the cannabis industry, helping investors better understand the dynamic sectoral landscape and gain first hand knowledge of the various operators. Zuanic & Associates is a boutique equity research, consulting, and advisory firm covering the emerging consumer sectors. Led by renowned Wall Street analyst Pablo Zuanic, the firm covers companies in North America and overseas, publishing both thematic and stock-specific research. The firm’s publications are often covered by the business wires, trade publications, and social media. Follow us on http://zuanicassociates.com pablo.zuanic@zuanicgoup.com X https://x.com/420Odysseus https://www.linkedin.com/company/zuanic-associates-llc

Speakers David Klein, CEO, Canopy Growth Judy Hong, CFO, Canopy GrowthAbout Canopy Growth: Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in the United States, Canada, Germany, and internationally. It operates through Canada Cannabis, International Markets Cannabis, and Storz & Bickel segments. The company offers dried flower, pre-rolled joints, oils, softgel capsules, infused beverages, edibles comprising gummies, and topical formats, as well as vaporizer devices. It sells its products under the Tweed, 7ACRES, DOJA, Deep Space, HiWay, Maitri, Twd., Vert, Spectrum Therapeutics, Canopy Medical, Storz & Bickel, Martha Stewart, and Wana brands. The company was formerly known as Tweed Marijuana Inc. and changed its name to Canopy Growth Corporation in September 2015. Canopy Growth Corporation was incorporated in 2009 and is headquartered in Smiths Falls, Canada.#canopygrowth #cannabisstocks #cannabisdispensary #cannabis #cannabisinvestmentRenowned analyst Pablo Zuanic conducts insightful interviews with key figures in the cannabis industry, helping investors better understand the dynamic sectoral landscape and gain first hand knowledge of the various operators. Zuanic & Associates is a boutique equity research, consulting, and advisory firm covering the emerging consumer sectors. Led by renowned Wall Street analyst Pablo Zuanic, the firm covers companies in North America and overseas, publishing both thematic and stock-specific research. The firm’s publications are often covered by the business wires, trade publications, and social media.Follow us on http://zuanicassociates.com pablo.zuanic@zuanicgoup.com in X https://x.com/420Odysseus https://www.linkedin.com/company/zuanic-associates-llc

We will discuss the regulatory outlook, the post election scenarios for the US cannabis industry, and the potential opportunities for debt capital providers (AFCG, FiSai, and REFI)Speakers: Peter Sack, Managing Partner, Chicago Atlantic Group Dan Neville, CEO, Advanced Flower Capital Erich Griffin-Mauff, Partner, FiSai InvestmentsAbout Chicago Atlantic Group Chicago Atlantic Real Estate Finance, Inc. (REFI) is an externally managed commercial mortgage real estate investment trust, incorporated on 3/30/21, that became public via an IPO in Dec’21. REFI’s loan portfolio is primarily comprised of senior loans to state-licensed operators in the cannabis industry, secured by real estate, equipment, receivables, licenses, and/or other assets of the borrowers. REFI is externally managed by Chicago Atlantic REIT Manager, LLC (wholly owned by Chicago Atlantic Group, LP), which is paid management fees and incentive compensation.About Advanced Flower Capital Advanced Flower Capital is the first NASDAQ-listed commercial mortgage REIT (AFCG) that provides institutional loans to state law compliant cannabis operators in the United States. It aims to provide attractive risk-adjusted returns through investments with significant collateral, modest loan to value and favorable pricing, driving target average portfolio gross yields of 12% – 20%+. It targets direct lending and bridge loan opportunities typically ranging from $10Mn to $100Mn. According to management, AFCG’s robust investment review process includes market research, management underwriting and in-depth due diligence. The management team has collectively structured over $15 billion in loan transactions and taken four companies public. AFCG’s BBB+ investment grade rating was affirmed by Egan-Jones in September 2023. The company is based in West Palm Beach, Florida.About FiSai Investments FiSai Investments is a U.S.-focused private cannabis fund with approximately $240mm AUM, targeting top Multi-State Operators (MSOs) through primarily senior secured debt, ensuring substantial asset coverage and downside protection. Our mission is to capitalize on emerging opportunities in the rapidly growing cannabis sector while exploring additional investment avenues, including leveraging existing positions, bridge financing, restructurings, equity, and convertible securities.#cannabis #cannabisstocks #marijuana #marijuanastocks #stocks #financemotivation #commercialrealestateinvestorRenowned analyst Pablo Zuanic conducts insightful interviews with key figures in the cannabis industry, helping investors better understand the dynamic sectoral landscape and gain first hand knowledge of the various operators. Zuanic & Associates is a boutique equity research, consulting, and advisory firm covering the emerging consumer sectors. Led by renowned Wall Street analyst Pablo Zuanic, the firm covers companies in North America and overseas, publishing both thematic and stock-specific research. The firm’s publications are often covered by the business wires, trade publications, and social media.Follow us on http://zuanicassociates.com pablo.zuanic@zuanicgoup.com in X https://x.com/420Odysseus https://www.linkedin.com/company/zuanic-associates-llc

Call them "weed drinks", hemp-derived Delta 9 drinks, or "alternate drinks", the buzz around the category is real. Also, unlike flower, vape, and edibles, THC drinks remain a very small part of dispensary sales less than 2%, whereas HDD9 drinks have found a large "niche" online and at age-gating retailers (and have garnered the interest of large established distributors) in states where legal.Speakers:Christopher Lackner, Founder/President, Hemp Beverage Alliance Adam Terry, CEO & co-Founder, Cantrip Brandon Harshbarger, President, Cheech & Chong Art Massolo, VP Business Development, Cycling Frog#THCDrinks #HempBeverages #weedDrinks #Hempindustry #HDD9Drinks #Cannabis #DrinkAlternatives #cyclingfrog #cheechandchong #cantripRenowned analyst Pablo Zuanic conducts insightful interviews with key figures in the cannabis industry, helping investors better understand the dynamic sectoral landscape and gain first hand knowledge of the various operators. Zuanic & Associates is a boutique equity research, consulting, and advisory firm covering the emerging consumer sectors. Led by renowned Wall Street analyst Pablo Zuanic, the firm covers companies in North America and overseas, publishing both thematic and stock-specific research. The firm’s publications are often covered by the business wires, trade publications, and social media. Follow us on http://zuanicassociates.com pablo.zuanic@zuanicgoup.com in X https://x.com/420Odysseus https://www.linkedin.com/company/zuanic-associates-llcDisclaimer: The content presented in this video clip is an integral part of Zuanic & Associates’ due diligence and research process. The views and opinions expressed by the speakers are solely their own and do not necessarily represent the views or opinions of Zuanic & Associates, its affiliates, or its employees. Zuanic & Associates may have current or future business relationships with the companies or individuals mentioned in this video; however, any such relationships are not intended to influence the content presented herein. This video is provided solely for educational and informational purposes. This video is not intended as investment advice, nor should it be construed as a recommendation to engage in any investment activity. Investors are encouraged to conduct their own thorough research and analysis and to seek advice from qualified financial advisors before making any investment decisions. The information contained in this video should be used as a supplementary tool, not as the sole basis for any investment decision.

Speakers:Robert Groesbeck, co-CEO, Planet 13 HoldingsRobert Beasley, CEO, Cansortium Inc.Michael Minardi, Senior Partner, Minardi LawAbout Robert Groesbeck:Mr. Groesbeck played a key role in the supporting and founding of several businesses. He is a long-time Nevada resident and a seasoned entrepreneur and legal professional with over 30 years of experience, including service as the Mayor of the City of Henderson from 1993 to 1997. Planet 13 is a vertically integrated multi-state cannabis company, with award-winning cultivation, production and dispensary operations across its locations in California, Nevada, Illinois, and Florida. Home to the nation's largest dispensary, located just off The Strip in Las Vegas, Planet 13 continues to innovate with the recent debut of its first consumption lounge in Las Vegas, DAZED!About Robert Beasley:As the leader of Florida-based FLUENT and parent company Cansortium Inc., Robert Beasley provides deep expertise in cannabis law and business development for the multistate operator. FLUENT is one of Florida’s top cannabis companies and has licenses in Pennsylvania, Michigan and Texas. The native Floridian got his start in cannabis by working closely with lawmakers and regulators to initiate the medical cannabis program in his home state. From there, he pivoted his law practice to focus on the cannabis industry and served as a consultant, overseeing the development of businesses within the emerging cannabis marketplace in multiple states. After serving the Board of Directors for FLUENT as a consultant and assisting in the revitalization of one of Florida’s largest vertically integrated medical cannabis companies, Robert was appointed CEO in September 2020. His background includes working with cannabis companies in Oregon, California and Washington, D.C., on licensure, establishing financial networks and construction of multiple cultivation and processing facilities.About Michael Minardi:Michael C. Minardi is the Senior Partner at Minardi Law. For over 20 years, Michael has dedicated his practice to fighting for clients charged with cannabis crimes and advocating for cannabis law reform and personal freedoms. His passion has driven him to learning and understanding medical and legal cannabis laws in the State of Florida and throughout the country. Michael’s practice represents clients in corporate cannabis consulting, application preparation, lobbying, forfeiture matters, civil litigation, and criminal matters. He has won many medical cannabis cases, including several landmark high-profile cases in Florida. He won the first and second jury trials in Florida presenting the medical necessity defense to cultivation and possession of cannabis charges. Michael is leading the charge to legalize marijuana as the Campaign Manager of Regulate Florida. Michael continues to be at the forefront in Florida in educating the public on the safety of cannabis and bringing light to the harm being perpetuated by current laws.#planet13 #cannabisstocks #cannabisinvestment #cannabisdispensary #floridacannabis #FLUENT #Cansortium #cannabisFollow us onhttp://zuanicassociates.compablo.zuanic@zuanicgoup.com in X https://x.com/420Odysseushttps://www.linkedin.com/company/zuanic-associates-llc

About Tilray BrandsWith annualized revenues of US$920Mn (May qtr annualized run rate), Tilray Brands has built a diversified portfolio of complementary assets in the cannabis, drinks (alcohol mostly, but not only), hemp food, and pharma distribution businesses. Exiting FY24, we believe the cannabis and drinks unit will each contribute about 40% of the company’s gross profits. How these various categories complement each other now, and in the future, will depend on regulatory changes and how these changes “blur the lines” between product types (say, hemp and or THC drinks). For example, a) TLRY’s expertise in medical cannabis could be a competitive advantage as more countries “liberalize” their MMJ programs (Germany and Israel are making their MMJ programs less restrictive). Also, lessons learned from the competitive Canadian rec market (where TLRY is #1) will help as more countries legalize rec (although we think the medical opportunity is the more realistic source of top line upside in the short and medium term); b) TLRY’s eco-system in Germany, comprised by a pharmaceutical products distribution unit, domestic production complemented by cultivation in Canada and Portugal, and local sales force, should be an edge as that market sees a ramp up in demand; c) The company’s alcohol brands (mostly beer), hemp food brands, and 3rd party distribution system in the US, could represent relevant synergies for the sale and distribution of rec cannabis in the future (depending on how the US legalizes rec). In the short term, the company may leverage those assets to sell hemp-derived drinks. In the short term, the alcohol business is also a relevant source of cash flow, profitability, and greater stability.#tilray #tilraystock #tilraystockanalysis #tilraystockprice #cannabisstocks #cannabisdispensary #cannabis #cannabisinvestment #hempbeverages #HempderiveddrinksRenowned analyst Pablo Zuanic conducts insightful interviews with key figures in the cannabis industry, helping investors better understand the dynamic sectoral landscape and gain first hand knowledge of the various operators. Zuanic & Associates is a boutique equity research, consulting, and advisory firm covering the emerging consumer sectors. Led by renowned Wall Street analyst Pablo Zuanic, the firm covers companies in North America and overseas, publishing both thematic and stock-specific research. The firm’s publications are often covered by the business wires, trade publications, and social media.Follow us on http://zuanicassociates.compablo.zuanic@zuanicgoup.comin X https://x.com/420Odysseushttps://www.linkedin.com/company/zuanic-associates-llc

Speakers:Christopher Lackner, President/CEO, Hemp Beverage AllianceJD McCormick, Chairman, American Healthy Alternatives AssociationJonathan Miller, General Counsel, US Hemp RoundtableAbout Hemp Beverage Alliance:Hemp Beverage Alliance are brands, distributors, supply chain partners, professional service providers, non-profit associations and retailers working together to create a hemp beverage marketplace that is transparent, sustainable, and provides consumers with the highest quality products.About American Healthy Alternatives Association:The American Healthy Alternatives Association proudly champions a mission rooted in patriotism, advocating for science-driven, equitable, and inclusive laws and regulations that support industries focused on healthy alternatives. From agriculture to oilseed, fiber, and wellness-promoting extracts and supplements, we strive to establish a robust, sustainable supply chain that embodies responsible commerce in America.About US Hemp Roundtable:The U.S. Hemp Roundtable is the nation’s leading hemp business advocacy organization. Their membership boasts dozens of leading companies committed to safe hemp and CBD products, while their advocacy partnerships represent the industry’s major national grassroots organizations. Together, they are leading the way forward for the hemp and CBD industries through education and action.#hempbeverages #hempcbd #hempcommunity #cannabisstocks #cannabisRenowned analyst Pablo Zuanic conducts insightful interviews with key figures in the cannabis industry, helping investors better understand the dynamic sectoral landscape and gain first hand knowledge of the various operators. Zuanic & Associates is a boutique equity research, consulting, and advisory firm covering the emerging consumer sectors. Led by renowned Wall Street analyst Pablo Zuanic, the firm covers companies in North America and overseas, publishing both thematic and stock-specific research. The firm’s publications are often covered by the business wires, trade publications, and social media.Follow us on http://zuanicassociates.compablo.zuanic@zuanicgoup.comX https://x.com/420Odysseushttps://www.linkedin.com/company/zuanic-associates-llcDisclaimer: The content presented in this video clip is an integral part of Zuanic & Associates’ due diligence and research process. The views and opinions expressed by the speakers are solely their own and do not necessarily represent the views or opinions of Zuanic & Associates, its affiliates, or its employees. Zuanic & Associates may have current or future business relationships with the companies or individuals mentioned in this video; however, any such relationships are not intended to influence the content presented herein. This video is provided solely for educational and informational purposes. This video is not intended as investment advice, nor should it be construed as a recommendation to engage in any investment activity. Investors are encouraged to conduct their own thorough research and analysis and to seek advice from qualified financial advisors before making any investment decisions. The information contained in this video should be used as a supplementary tool, not as the sole basis for any investment decision.#Hemp #cannabis

Apparent torrid MMJ growth in Germany (3x since March, as per speakers at CB Expo in Dortmund last week) should be garnering more attention, in our view. Hence, this Zoom invite (relevant to most Canadian LPs and CURLF).Speakers:Sascha Mielcarek, Canify AG, CEOBenedikt Sons, Cansativa GmbH, CEOConstantin von der Groeben, Demecan GmbH, Managing DirectorRenowned analyst Pablo Zuanic conducts insightful interviews with key figures in the cannabis industry, helping investors better understand the dynamic sectoral landscape and gain first hand knowledge of the various operators. Zuanic & Associates is a boutique equity research, consulting, and advisory firm covering the emerging consumer sectors. Led by renowned Wall Street analyst Pablo Zuanic, the firm covers companies in North America and overseas, publishing both thematic and stock-specific research. The firm’s publications are often covered by the business wires, trade publications, and social media.#cannabisstocks #cannabisdispensary #globalcannabis #marijuanalaws #germanycannabis #cannabislegalization #canify #Cansativa #DEMECANFollow us onhttp://zuanicassociates.compablo.zuanic@zuanicgoup.comX https://x.com/420Odysseushttps://www.linkedin.com/company/zuanic-associates-llcDisclaimer: The content presented in this video clip is an integral part of Zuanic & Associates’ due diligence and research process. The views and opinions expressed by the speakers are solely their own and do not necessarily represent the views or opinions of Zuanic & Associates, its affiliates, or its employees. Zuanic & Associates may have current or future business relationships with the companies or individuals mentioned in this video; however, any such relationships are not intended to influence the content presented herein. This video is provided solely for educational and informational purposes. This video is not intended as investment advice, nor should it be construed as a recommendation to engage in any investment activity. Investors are encouraged to conduct their own thorough research and analysis and to seek advice from qualified financial advisors before making any investment decisions. The information contained in this video should be used as a supplementary tool, not as the sole basis for any investment decision.

Cannabis is a global Industry. Learn more about the Dutch Pilot Program and Village Farms' venture there.Speakers:Jaap Erkelens - Bedrocan, CEOSimone van Breda - Union of Coffee Shop Retailers, ChairmanOrville Bovenschen - Village Farms Intl, President at Leli Holland (85% VFF-owned)#cannabisstocks #cannabisdispensary #globalcannabis #marijuanalaws #Dutchcannabis #cannabislegalizationRenowned analyst Pablo Zuanic conducts insightful interviews with key figures in the cannabis industry, helping investors better understand the dynamic sectoral landscape and gain first hand knowledge of the various operators. Zuanic & Associates is a boutique equity research, consulting, and advisory firm covering the emerging consumer sectors. Led by renowned Wall Street analyst Pablo Zuanic, the firm covers companies in North America and overseas, publishing both thematic and stock-specific research. The firm’s publications are often covered by the business wires, trade publications, and social media.Follow us onhttp://zuanicassociates.compablo.zuanic@zuanicgoup.comX https://x.com/420Odysseushttps://www.linkedin.com/company/zuanic-associates-llcDisclaimer: The content presented in this video clip is an integral part of Zuanic & Associates’ due diligence and research process. The views and opinions expressed by the speakers are solely their own and do not necessarily represent the views or opinions of Zuanic & Associates, its affiliates, or its employees. Zuanic & Associates may have current or future business relationships with the companies or individuals mentioned in this video; however, any such relationships are not intended to influence the content presented herein. This video is provided solely for educational and informational purposes. This video is not intended as investment advice, nor should it be construed as a recommendation to engage in any investment activity. Investors are encouraged to conduct their own thorough research and analysis and to seek advice from qualified financial advisors before making any investment decisions. The information contained in this video should be used as a supplementary tool, not as the sole basis for any investment decision.

Speakers Kelly Fair, Partner, DentonsMorgan Fox, Political Director, NORMLHosted By: Pablo Zuanic, Senior AnalystAnthony Coniglio, CEO, NewLake Capital Partners (guest co-host)About Kelly Fair :Kelly Fair is a partner in Dentons' Cannabis and Health Care practices and focuses on regulatory compliance, corporate transactions, corporate governance, and public policy, primarily in the cannabis and hemp industries. With 18 years of in-house and major law firm experience advising high-growth, disruptor industry companies and boards, Kelly has an understanding and appreciation of the broad range of legal, regulatory, operational and financial considerations involved when working with clients in the cannabis and hemp markets.About Morgan FoxMorgan Fox is the Political Director at NORML, focusing on congressional lobbying and changing federal cannabis laws. As a professional cannabis policy reform advocate since 2008, Morgan has been directly involved in dozens of successful state ballot initiative campaigns to establish medical and adult use cannabis programs, as well as legislative victories at the local, state, and federal levels.#cannabisstocks #hempcommunity #cannabislegalization #cannabisdispensary #cannabisinvestment #cannabisRenowned analyst Pablo Zuanic conducts insightful interviews with key figures in the cannabis industry, helping investors better understand the dynamic sectoral landscape and gain first hand knowledge of the various operators. Zuanic & Associates is a boutique equity research, consulting, and advisory firm covering the emerging consumer sectors. Led by renowned Wall Street analyst Pablo Zuanic, the firm covers companies in North America and overseas, publishing both thematic and stock-specific research. The firm’s publications are often covered by the business wires, trade publications, and social media.Follow us on http://zuanicassociates.compablo.zuanic@zuanicgoup.comX https://x.com/420Odysseushttps://www.linkedin.com/company/zuanic-associates-llcDisclaimer: The content presented in this video clip is an integral part of Zuanic & Associates’ due diligence and research process. The views and opinions expressed by the speakers are solely their own and do not necessarily represent the views or opinions of Zuanic & Associates, its affiliates, or its employees. Zuanic & Associates may have current or future business relationships with the companies or individuals mentioned in this video; however, any such relationships are not intended to influence the content presented herein. This video is provided solely for educational and informational purposes. This video is not intended as investment advice, nor should it be construed as a recommendation to engage in any investment activity. Investors are encouraged to conduct their own thorough research and analysis and to seek advice from qualified financial advisors before making any investment decisions. The information contained in this video should be used as a supplementary tool, not as the sole basis for any investment decision.

SpeakersMichelle Bodian, Partner, Vicente LLPHosted By:Pablo Zuanic, Senior AnalystBio:Michelle Bodian serves as a partner in Vicente LLP’s Boston and New York offices, where she is co-chair of the firm’s Hemp and Cannabinoids Department and is a leading member of the firm’s cannabis licensing and regulatory compliance efforts in Connecticut and New York. In addition, Michelle leads the firm’s Environment, Health & Safety practice group.She advises hemp and CBD clients on how to navigate through the complex and interconnected federal, state, and local regulatory frameworks. In addition, she counsels tri-state (Connecticut, New York, and New Jersey) clients on all aspects of cannabis licensing and regulatory matters. Her clients include existing medical operators throughout the tri-state, as well as businesses and individuals seeking new adult-use, medical, and cannabinoid hemp licenses.Michelle also advises cannabis and hemp clients on environmental, health and safety federal and state laws through identification, prevention, mitigation, and resolution of relevant issues.Before joining Vicente LLP, Michelle served as the land use counsel for the Massachusetts Department of Agricultural Resources, and before that was an associate at an environmental and real estate law firm in Milford, Connecticut.In 2022, Michelle was recognized as one of Boston's top lawyers by Boston magazine. Michelle is recognized by Best Lawyers: Ones to Watch for her Administrative / Regulatory Law work in Boston. She is a member of the American Herbal Products Association Cannabis Committee and has spoken at many cannabis industry events. Michelle is often quoted in media publications related to the tri-state markets and has authored several articles on cannabis, hemp- and CBD-related topics.In addition, she volunteers on her town's Zoning Board of Appeals#cannabis #hemp #THCDrinks #HempBeverages #weedDrinks #Hempindustry #HDD9Drinks #DrinkAlternatives #cannabislegalizationFollow us onhttp://zuanicassociates.compablo.zuanic@zuanicgoup.com inX https://x.com/420Odysseushttps://www.linkedin.com/company/zuanic-associates-llcDisclaimer: The content presented in this video clip is an integral part of Zuanic & Associates’ due diligence and research process. The views and opinions expressed by the speakers are solely their own and do not necessarily represent the views or opinions of Zuanic & Associates, its affiliates, or its employees. Zuanic & Associates may have current or future business relationships with the companies or individuals mentioned in this video; however, any such relationships are not intended to influence the content presented herein. This video is provided solely for educational and informational purposes. This video is not intended as investment advice, nor should it be construed as a recommendation to engage in any investment activity. Investors are encouraged to conduct their own thorough research and analysis and to seek advice from qualified financial advisors before making any investment decisions. The information contained in this video should be used as a supplementary tool, not as the sole basis for any investment decision.