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EXHIBIT 1: COLORADO MARIJUANA SALES, 2014-2017 (IN US$) Calendar Year Total Marijuana Sales Total to Date 2014 $683,523,739 $683,523,739 2015 $995,591,255 $1,679, 114,994 2016 $1,307,203,473
EXHIBIT 1: COLORADO MARIJUANA SALES, 2014-2017 (IN US$) Calendar Year Total Marijuana Sales Total to Date 2014 $683,523,739 $683,523,739 2015 $995,591,255 $1,679, 114,994 2016 $1,307,203,473 $2,986,318,467 2017 $1,507,702,219 $4,494,020,686 Source: Colorado Department of Revenue, "Marijuana Sales Reports," accessed August 12, 2018, www.colorado.gov/pacific/revenue/colorado-marijuana-sales-reports. EXHIBIT 2: CANADA'S THREE MAJOR CANNABIS COMPETITORS' FISCAL 2017 RATIOS Canopy Aurora Aphria Industry Profitability Gross Margin 94.3% 88.9% 84.6% 61.5% Return on Assets (2.5%) (2.4%) 1.3% (10.8%) Return on Equity (2.7%) (3.6%) 1.5% (20.5%) Financial Strength Current Ratio 9.7 8.3 17.4 5.2 Total Debt to Equity 10.2% 47.4% 15.4% 24.3% Efficiency Inventory Turnover 0.9 2.3 5.3 2.7 Receivable Turnover 6.9 7.8 24.8 5.3 Asset Turnover 5.9% 5.6% 6.5% 33.0% Fixed Asset Turnover 7.9% 14.0% 15.0% 20.0% Age of Payables 140.0 907.6 587.4 545.0 Age of Receivables 52.5 46.1 94.0 64.2 Age of Inventory 418.3 798.7 388.7 535.2 Growth Sales Growth 214.2% 1, 155.5% 142.3% 113.1% Source: Company files
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