#1VV VV V V V V V V Schwazze GROWTH BY DESIGN Investor Presentation September, 2021 OTCQX: SHWZ#2* Schwazze SAFE HARBOR This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "believes," "plan" "expects," "anticipates," "will," "should," "positioned" and words of similar import. Examples of forward-looking statements include, among others, statements regarding Medicine Man Technologies, Inc. dba Schwazze (the "Company") operations, financial performance, business or financial strategies, or achievements. Forward-looking statements are neither historical facts or assurances of future results of performance, Instead, they are based only on the Company's current beliefs, expectations and assumption regarding the future of the Company's business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements related to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company's control. Actual outcomes and results and the Company's financial performance and condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results and financial conditions to differ materially from those indicated in the forward-looking statements include, among others, the following: The Company's ability to finance any of its proposed acquisitions; the Company's ability to close on any of its proposed acquisitions; the Company's ability to successfully integrate and achieve synergies and its objectives with respect to any of its proposed acquisitions; the Company's ability to successfully execute its business, financial and growth strategies; the Company's ability to successfully identify future acquisition targets, expand into additional states, open new dispensaries, and offer new products, services and other offerings; the U.S. federal government's enforcement priorities regarding the cannabis industry; changes in laws and regulations applicable to cannabis and the cannabis industry, including the classification of cannabis as a Schedule I controlled substance under the Controlled Substances Act and Section 208E of the Internal Revenue Code of 1986, as amended; the demand of cannabis products. Any forward-looking statement in this presentation is based only on information currently available to the Company and speaks only as of the date of this presentation. The Company disclaims any obligation to update any forward-looking statement or to announce publicly the results of any revisions to any forward-looking statement to reflect future events or developments except as required by law. The unaudited preliminary pro forma results, projections and other financial information discussed in this presentation consists of estimates derived from the Company's and the acquisitions targets' internal books and records and are based on various assumptions that have been prepared and made by the Company's management. Such financial information is subject to the completion of financial closing procedures, final adjustments and other developments that may arise between now and the time such financial information is finalized. Further, the assumptions used in developing such financial information are subject to significant uncertainties and contingencies and may not prove to be correct. Therefore, actual results may differ materially from such financial information and such financing information is subject to change. ᏤᏤᏤᏤ ᏤᏤᏤᏤᏤᏤ OTCQX: SHWZ | 2#3ᏤᏤᏤᏤ ᏤᏤᏤᏤᏤᏤ TM iii * Schwazze OUR STRATEGIC VISION Leading, Vertically Integrated Operator in our Markets Clear Acquisition & Growth Strategy Consciously Sourced Brands & Products Value Creation & Community Support for all Stakeholders OTCQX: SHWZ | 3#4ᏤᏤᏤᏤ ᏤᏤᏤᏤᏤᏤ VALUE PROPOSITION Growing Power-House, poised to become a "Super Regional" Fast Growing SSO Aggressive Acquisition & Growth Pipeline Premier Retail Position 19 Dispensaries & Growing 7 Acquisitions in 12 months $ (1) * Schwazze Building a "House" of Premier Brands Retail, Brands, Manufacturing, Cultivation Leadership - Best-in-Class Operations Techniques Access to Capital Operational Playbook Drives Success & Performance OTCQX: SHWZ | 4#52020 ᏤᏤᏤᏤ ᏤᏤᏤᏤᏤᏤ CATALYSTS Growing Power-House Poised to Become a "Super Regional" Largest Distillate Supplier in Colorado & Growing Acquired Mesa Organics Acquired 6 Star Buds Dispensaries J F M A M J J A S O N D 2021 One Of The Fastest Growing SSO Aggressive Acquisition & Growth Pipeline Targeting Other States & Markets Acquired 2 Star Buds Dispensaries Completed $71M Raise * Schwazze™ Agreement Home Delivery Commens Completed Star Bud Acquisition Announced Biosciences Division Acquired CSG F M A M J J A S O N D OTCQX: SHWZ | 5#6ᏤᏤᏤᏤ ᏤᏤᏤᏤᏤᏤ EXPERIENCE Justin Dye Chief Executive Officer, Chairman ▪ 25+ years of experience in private equity, general management, operations, corporate finance and M&A ▪ Led the growth of Albertsons from ~$10B to $60B in sales with over 2,300 stores and 285,000 employees, creating one of the largest privately held companies in the U.S. * Nancy Huber Chief Financial Officer ▪ 30+ years experience managing public enterprises, overseeing multifunctional management ▪ CFO of Forward Foods, oversaw improvements in revenue, margins and EBITDA Todd Williams Senior Advisor, Strategy ▪ 25+ years consulting, strategy, asset valuation and M&A experience ▪ At Albertsons, managed the acquisition of over 1,600 operating grocery stores with ~$40B in sales and $10B in transaction value See Appendix for full roster of the Schwazze Team Responsible for divesting 168 stores with over $3B in sales Nirup Krishnamurthy Chief Operating Officer experience in innovation, technology, restructuring and M&A in Fortune 500 companies ▪ 25+ ▪ C-suite roles at United Airlines, Northern Trust Bank, A&P Supermarkets ■ ■ * Schwazze™ Dan Pabon General Counsel & Government Relations 15+ years expertise in merging regulatory systems, legal research & legislative relations Experienced former Colorado State Representative, instrumental in the passing and writing of cannabis laws in Colorado OTCQX: SHWZ | 6#7ᏤᏤᏤᏤᏤᏤ ᏤᏤᏤᏤ SCHWAZZE AT A GLANCE Denver, CO Headquarters mi $118M* 2021E Revenue * 19 Retail Locations $ $33M* 2021E EBITDA Cultivation: 55K ft² Indoor 35 Acres Outdoor 60K ft2 Hoop Houses all $305M Market Cap Mid-Range of Guidance Provided August 16, 2021 - Revenue Range $110-125M mi LO 7.0k Manufacturing Sq Ft [5] MY 10.2x * Schwazze Trading Multiple OTCQX: SHWZ | 7#8PEER COMPARISONS Trading at a multiple discount VS. larger cannabis companies despite achieving higher margins ᏤᏤᏤᏤᏤᏤ ᏤᏤᏤᏤ 22.7x $371 29% 20.6x Source: Note: Top 5 19.5× 2021 EBITDA & Margin (Consensus) $324 36% 10.6x $212 24% ENTERPRISE VALUE / 2021 EBITDA (CONSENSUS) Regional MSOS Company filings, FactSet (1) Pro forma for acquisition of Harvest (2) Based on midpoint of management guidance 10.1x $472 $370 37% 44% 26.0x $36 16% 23.7x $37 27% 22.2x $86 25% 18.4x $102 23% 17.5x $45 26% 17.4x $114 30% 17.2x $98 19% * Schwazze 12.1x Schwazze $32 17% 10.3x $33 28% (Guidance) OTCQX: SHWZ | 8#9SECTOR TAILWINDS VVVV Positioned to Take Advantage of a Hypergrowth Industry 17 States Recreationally Legal 45% US Population Living 01 in Recreationally Legal State Form Factors Expand Quality Improves 1000000 Even More Consumer Trial / Adopt More Consumers Adopt / Buy Legal Accepting Cannabis Social Shift * Schwazze™ More States Legalize Annual: 18% Monthly: 11% US Cannabis Use Incidence OTCQX: SHWZ| 9#10ᏤᏤᏤᏤ ᏤᏤᏤᏤᏤᏤ MAKING A DIFFERENCE QUALITY l Craftsmanship Quality control Stewardship ● ENVIRONMENT ● Climate Change Production Consumption Waste & Pollution Environmental Protections SOCIAL Community Relations Health & Safety Employee Relations/Opportunities Diversity & Gender Equality * Schwazze GOVERNANCE Operational Excellence We understand that diversity and engagement makes a better and more enriched Company We are dedicated to making a difference in the communities and neighborhoods in which we operate and serve Board & Management Diversity Stakeholder Relations Regulatory Adherence We listen to our customers' needs and wants and make intelligent data-driven decisions We thrive in a team-oriented culture OTCQX: SHWZ | 10#11ΑΛΛΛΛΛΑ ᏤᏤᏤᏤ INVESTOR SNAPSHOT www Volume Oct 20 ddmatahka Dec 20 Year Hi $3.25 - Lo $1.07 Feb '21 Apr 21 3.25 Aug 21 3.00 2.75 2.50 2.25 2:00 1.75 1.50 1.25 1.00 0.75 1 000k batka.alhutum....lihudbalutabık.Ar....tak..... 0 Jun 21 500k Capital Structure - June 30, 2021 - Q2 2021 Closing Share Price (Aug 26, 2021) Issued & Outstanding Shares Issued & Outstanding Pref. Fully Diluted* Market Capitalization Enterprise Value Adjust EBITDA Key Metrics Operating Cash Flow Free Cash Flow Treasury LT Debt * Schwazze Analyst Coverage Noble Capital Veridian Capital Advisors $2.13 44.6M 75.9K 124.8M $265.8M $298.7M $10.0M $1.4M $1.1M $21.1M $54.3M Joe Gomes Jon Decourcey OTCQX: SHWZ | 11#12VV VV V V V V V FINANCIAL REVIEW 140,000 120,000 100,000 80,000 60,000 40,000 20,000 Proforma Revenue 2019 ($000's) 2020 2021 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 2019 * Guidance Provided August 16, 2021 - Revenue Range $110-125M, EBITDA range $30-36M Proforma Adjusted EBITDA ($000's) 2020 * Schwazze Guidance Range 2021 OTCQX: SHWZ | 12#13ᏤᏤᏤᏤ ᏤᏤᏤᏤᏤᏤ Q2 PERFORMANCE Selected Highlights for the Quarter Ended - June 30, 2021 Revenues Retail Wholesale Other Total Revenue Cost of Goods & Services* Gross Profit Gross Profit Margin (%) Adjusted EBITDA EBITDA Margin Q2 2021 $21.5 $9.2 $0.07 $30.7 $15.8 $14.9 48% $10.0 33% YTD Q2 2021 $33.3 $16.6 $0.1 $50.1 $25.7 $24.4 49% $15.9 32% YTD Q2 2020 $3.4 $3.9 $1.3 $8.6 $5.3 $3.4 39% $2.2 25% * Schwazze % Change N/A 125% (94%) 480% 10% 623% OTCQX: SHWZ | 13#14ᏤᏤᏤᏤ ᏤᏤᏤᏤᏤᏤ RETAIL STATS Colorado* YOY Sales + 8% Schwazze Outperformed CO Market by 16% Retail Sales Q1 | 38% Q2 | 16% Customer Visits Q1 | 15.8% Q2 | 8.9% MM * Schwazze Basket Size Q1 | 19.5% Q2 | 6.4% OTCQX: SHWZ | 14#15^^^^ ᏤᏤᏤᏤᏤᏤ SUCCESS STRATEGY SUCCESSFUL BUSINESS MODEL Retail First Model in Select States with Differentiated Position OPERATIONAL EXCELLENCE Seasoned Management Team Best-in-Class Operating System Consciously Sourced GROWTH BLUEPRINT Growth by Design New Markets M&A Excellence Synergy Realization Office CAPITAL & VALUE CREATION Investor Relations Capital Formation Analyst Coverage Regulatory Tailwinds Increased EV * Schwazze PREMIER HOUSE OF BRANDS Schwazze Most Admired Cannabis Company OTCQX: SHWZ | 15#16VV VV V V V V V V Schwazze TM OUR HOUSE Building a "Super Regional" Retail - Manufacturing Cultivation - OTCQX: SHWZ | 16#17ᏤᏤᏤᏤ ᏤᏤᏤᏤᏤᏤ BRANDS ROLLING OUT A SUCCESSFUL VERTICAL INTEGRATION FORMULA FOR GROWTH & SUCCESS TO OTHER STATES & MARKETS MesaOrganics+ STAR BUDS EST. 2013 Acquired 2020- 2021 19 Recreational Dispensaries - 33,000 sq ft. retail space Brow, Drift, & RETAIL -Purplebee's Acquired 2020 CO's leading pure CO2, ethanol extractor & manufacturer. Produces edibles for leading CO companies & high-quality vape cartridges & syringes MANUFACTURING SUCCESS™ NUTRIENTS Nine-part formulation line of nutrients for soil & hydroponics. Designed by growers for growers - improving yields & maximize returns Ground-breaking shift in cultivation methods for craft growers & large- scale cultivators developed by renowned cultivator Josh Haupt CULTIVATION the * Schwazze tomato INDOOR GARDEN SUPPLIES Established 2001 Colorado's best source for hydroponics, indoor gardening & commercial grower supplies. Superior products cultivation knowledge RETAIL/ CULTIVATION OTCQX: SHWZ | 17#18ᏤᏤᏤᏤ ᏤᏤᏤᏤᏤᏤ VERTICAL PLATFORM I I EST. 2011 ■ RETAIL Saus dire 19 locations -51K retail ft² Avg. revenue/dispensary: $4.8M Deploying grocery retail playbook to cannabis dispensaries STARE i3 1.3 Customer focused retail strategy Strong local ties & tailored merchandising E Partnering with 3rd party brands for in-store marketing Benefits of scale and purchasing power " I CULTIVATION 55K ft2 Indoor 35 Acres Outdoor 60K ft² Hoop Houses Improved yields from Success Nutrients and Three-A-Light methodology Acquisition of Southern Colorado Growers, (500 lbs. / month + 34 acres of outdoor cultivation capacity) Expected to pull down ~11k lbs. in Q4 with outdoor harvest and new hoop houses ■ ■ ■ MANUFACTURING facility 7K ft2 Manufacturing Brand building expertise combined with state-of-the-art capabilities for derivative production Provides opportunity for wholesale and private label growth, plus margin expansion Currently producing ~25% of Colorado's wholesale distillate (Current + Signed Acquisitions) ■ ■ * Schwazze™ ODDE R&D SCHWAZZE BIOSCIENCES Launched May 2021 Cannabinoid & Turpine Research Basic and applied research focused on bringing consumers and pets the most beneficial properties of the cannabis plant Cannabinoid and terpene research OTCQX: SHWZ | 18#19^^^^ ACQUISITION & SUCCESS ᏤᏤᏤᏤᏤᏤ 76 Kg Purplebee's - Manufacturing Impact MONTHLY BULK OUTPUT 123 Kg 143 Kg 161 Kg 124 Kg 112 K 171 Kg 157 K 214 Kg 224 kg 225 Kg 196% increase since June 2020 acquisition Jun '20 Jul '20 Aug '20 Sep '20 Oct '20 Nov '20 Dec '20 Jan '21 Feb '21 Mar '21 Apr ¹21 41.8% Mesa Organics - Retail Impact PRODUCT MARGIN 43.7% 43.99 47.2% 44.0% 51.3% 51.3% 50.8% 49,9% 50.2% 49.2% 50.9% 13.9% increase since Apr 2020 acquisition 55.7% Apr 20 May 20 Jun '20 Jul 20 Aug 20 Sep '20 Oct '20 Nov '20 Dec '20 Jan '21 Feb '21 Mar '21 Apr 21 SRO contributing to synergies & integration success Program management, data science and KPI dashboards monitoring M&A revenue and cost synergies • Cross functional working team: FP&A, Operations (Retail, MIP and Grow) and IT, managing integration and providing monthly updates 50.5% Oct 20 Star Buds Acquisition 48.3% Nov ¹20 53.3% PRODUCT MARGIN Dec ¹20 Retail Impact * Schwazze™ 53.8% Jan '21 54.8% 56.0% 4.2% increase since Dec 2020 acquisition Feb '21 57.5% Mar ¹21 Apr ¹21 OTCQX: SHWZ | 19#20VV VV V V V V V V Schwazze TM OUTLOOK & STRATEGY Retail - Manufacturing - Cultivation OTCQX: SHWZ | 20#21ᏤᏤᏤᏤ ᏤᏤᏤᏤᏤᏤ OR CA WA AK NV ID UT AZ OUTLOOK CANNABIS (THC) LEGALIZATION MOMENTUM CONTINUES TO EXPAND MT WY CO NM Recreational Medical ND SD NE KS OK TX MN IA MO AR LA WI MI IL IN KY TN OH MS AL WV GA PA SC VA FL NY NC S VT ME MA Ballot passed, legal challenges remain Voted for medical Illegal State CA CO FL AZ MI Other Total U.S. CANNABIS REVENUES ESTIMATED TO NEARLY DOUBLE BY 2023(¹) 2020A $3.5Bn 2.2Bn 969MM 1.0Bn 985MM 2021E $4.1Bn 2.5Bn 1.5Bn 1.5Bn * Schwazze™ 1.2Bn 2022E $4.8n $5.3Bn 2.6Bn 1.8Bn 1.6Bn 2023E 1.3Bn 2.6Bn 2.2Bn 1.6Bn 1.4Bn 8.9Bn 11.0Bn 13.7Bn 16.7Bn $17.6Bn $21.7Bn $25.7Bn $29.8Bn OTCQX: SHWZ | 21#22VV VV ᏤᏤᏤᏤᏤᏤ $146 OUTLOOK CANNABIS REPRESENTS LARGE CONSUMER US MARKET - ROOM FOR SIGNIFICANT GROWTH ESTIMATED CONSUMER SPEND ACROSS VARIOUS CATEGORIES (2020 ANNUAL RETAIL SALES) Soft drinks $119 Beer Source: New Frontier Data $99 $89 Tobacco U.S. total cannabis spending (legal + illicit) $81 Coffee $67 Wine $29 Spirits $22 $22 $20 * Schwazze Craft Chocolate U.S. legal beer cannabis spending $19 Bottled water OTCQX: SHWZ | 22#23ᏤᏤᏤ ᏤᏤᏤᏤ V V V V Longmont Niwot Boulder OUTLOOK Denver Colorado Springs Huerfano County Dominant Cannabis Retail Position in Colorado Commerce City Aurora Pueblo Ordway Las Animas Rocky Ford Population LTM Incidence (18+) Tourism Spend State GDP Rank Medical / Recreational Total Dispensary Count Recreational Licenses Medical Licenses Cultivation Licenses Unique Cultivators Regulatory & Market Dynamics * Schwazze™ 5.8M 27% $24B 16th 2008 / 2014 -800 -570 -440 474 377 ▪ 2017/2018, market oversaturated with operators - 2019, market has experienced stable growth & is beginning to consolidate OTCQX: SHWZ | 23#24V V V V ᏤᏤᏤᏤᏤᏤᏤ CATEGORY Flower Dabbable Concentrates Ripe for Rollup: 468 retail dispensary licenses (78% marketplace) available outside of top 10 operators FY'20 PRODUCT CATEGORIES ($ & UNITS IN 000S) (¹) RETAIL DISPENSARY LICENSES(2) Vapes Edibles Topicals Sublinguals Other STRATEGY RETAIL $ SOLD $995,851 343,461 316,070 313,554 22,070 19,978 187,303 TOP 10 BRANDS % OF $ N/A 33% 48% 67% 91% 76% N/A Y-O-Y $ GROWTH 38% 22% 6% 22% (22%) (21%) 38% COMPANY SHWZ Pro Forma Other Top 10 Players Other Retail Operators Total # OF SITES 17 118 468 * Schwazze 603 % OF TOTAL 3% 22% 78% 100% OTCQX: SHWZ | 24#25V V V V V V V V V V THE INVESTMENT Unique Cannabis Space Growth Opportunity Positioned for Regional Success in a Hypergrowth Industry 7 acquisitions in 12 months Leadership - Best-in-Class Operations Techniques with Access to Capital (1 $ Fastest Growing SSO with Aggressive Acquisition & Growth Pipeline Building a "House" of Premier Brands Retail, Brands, Manufacturing, Cultivation Operational Playbook Drives Success & Performance OTCQX: SHWZ | 25#26Information Contact Joanne Jobin, Investor Relations T 647 964 0292 E [email protected] W Schwazze.com Schwazze "We are committed to unlocking the full potential of the cannabis plant to improve the human condition." Justin Dye Chief Executive Officer Corporate Head Office Schwazze 480 Havana St., Ste 201 Denver, CO 80239 T 303-37-0387#27ᏤᏤᏤᏤ ᏤᏤᏤᏤᏤᏤ Schwazze APPENDIX OTCQX: SHWZ | 27#28ᏤᏤᏤᏤ ᏤᏤᏤᏤᏤᏤ EXPERIENCE Justin Dye, Chief Executive Officer and Chairman: 25+ years of experience in private equity, general management, operations, corporate finance and M&A. He led the growth of Albertsons from ~$10Bn to over -$60Bn in sales with over 2,300 stores and 285,000 employees, creating one of the largest privately held companies in the U.S. Nirup Krishnamurthy, Chief Operating Officer: Dye Capital Partner carrying 25+ years of experience in innovation, technology, restructuring and M&A in Fortune 500 companies, holding executive roles at United Airlines, Northern Trust Bank and A&P Supermarkets. Nirup holds a PhD in Industrial Engineering from SUNY. Dan Pabon, General Counsel and Government Relations: Experienced former Colorado State Representative who was instrumental in the passing and writing of cannabis laws in Colorado. Dan has 15+ years of expertise in emerging regulatory systems, legal research and legislative relations. Julie Suntrup, VP Marketing & Merchandising: With 20+ years of regulatory and CPG experience, Julie has introduced and marketed brands across: cannabis, alcohol, functional beverage, food, retail, QSR, natural/personal care and pharma sectors. She has represented brands such as: LivWell Enlightened Health, CDPHE, Anheuser-Busch, Budweiser, Coca- Cola, Vitaminwater/Smartwater, QuikTrip, Electrolux, Kellogg, Colgate and Tom's of Maine. * Schwazze Nancy Huber, Chief Financial Officer: Successful track record with 30+ years of experience managing public enterprises and overseeing multifunctional management. As CFO of Forward Foods, she oversaw improvements in revenue, margins and EBITDA. Nancy received her MBA from Kellogg School of Management. Jim Parco, SVP of Manufacturing: In 2014, Jim Parco founded Mesa Organics (Purplebee's) which is the leading Colorado extractor and manufacturer of cannabis products. Prior to that, Jim served two decades of active duty in the Air Force and was a tenured full professor of economics and business for nine years at Colorado College. Jim holds his PhD from University of Arizona. Todd Williams, Senior Advisor, Strategy: 24 years of consulting, strategy, asset valuation and M&A experience. In his most recent role at Albertsons, he managed the acquisition of over 1,600 operating grocery stores with ~$40Bn in sales and $10Bn in transaction value and was also responsible for divesting 168 stores with over $3Bn in sales. Collin Lodge, VP Retail Operations: 10+ years experience in Retail Operations, M&A, and Integration from Albertsons Companies. As a skilled negotiator, Collin excels at expanding eCommerce, launching subscription services and last mile delivery, while establishing mutually beneficial strategic partnerships. OTCQX: SHWZ | 28#29ᏤᏤᏤᏤ ᏤᏤᏤᏤᏤᏤ EXPERIENCE Pratap Mukharji, Board of Directors: Mr. Mukharji is a retired consultant working over 30 years in management consulting, the majority with Bain & Company leading its Supply Chain and Service Operations practices. With a concentration in Industrials and Retail, Mukharji has led strategy; M&A; transformation and turnaround; operations improvement; due diligence, omnichannel; and e-commerce efforts across multiple industries. Prior to Bain, he was at Kearney and Booz-Allen & Hamilton. Jeff Garwood, Board of Directors: Jeff Garwood founded and is managing member of Liberation Capital, a private equity fund focused on providing modular, repeatable waste to value project finance. He is also the co-owner of Zysense, an entity providing high precision measurement instruments for research. Jeff previously held senior leadership positions with General Electric, Garrett Aviation, and McKinsey and Company. Salim Wahdan, Board of Directors: Salim Wahdan has close to two decades of entrepreneurial experience owning and operating retail businesses. Most recently, he was a partner and operator of Star Buds in Adams, Louisville, and Westminster, several of the Star Buds' branded dispensaries the Company purchased between December 2020 and March 2021. Mr. Wahdan was instrumental in the early growth of the Star Buds franchise. Previous to his time in the cannabis industry, he owned and operated various retail concepts in Colorado. * Schwazze Brian Ruden, Board of Directors: Since 2010, Brian Ruden has owned and operated cannabis businesses under the Star Buds brand. Under his leadership, Star Buds has become one of the most recognized and successful retail cannabis operations in North America. In 2014, Brian founded Star Buds Consulting which provides strategic advice to start-up cannabis operations. Jeff Cozad, Board of Directors: Jeff Cozad is the co-founder of CRW Cann Holdings, LLC - a special purpose vehicle created to support Schwazze's vision of becoming the dominant, vertically integrated player in the Colorado cannabis market. He is also the Managing Partner of his family office, Cozad Investments, LP, which has completed more than 20 investments across a disparate set of industries over the past 13 years. Mr. Cozad holds an MBA from The University of Chicago Booth School of Business and received a BA in Economics and Management from DePauw University, where he serves on the Board of Trustees and is Chairman of the University Endowment Fund Investment Committee. OTCQX: SHWZ | 29