CordovaCann Corp.

U.S. Cannabis Market

- The cannabis industry is experiencing explosive growth globally as many jurisdictions have now decriminalized cannabis and have moved toward medicinal and recreational legalization.
- The United States regulatory environment is murky given cannabis is legal in many states but remains a Schedule I substance under the Controlled Substances Act.
- CordovaCann sees this as an opportunity given that federal regulation is inhibiting access to capital for the industry, yet the growth of the industry is robust and the momentum towards decriminalization at the federal level is strong.
- The market dynamic is allowing Canadian-based companies with access to capital to strategically invest in the United States cannabis industry at favourable multiples.