Cannabis Investment Report Disclaimer – No Substantive Lead

OY > A =a Plan ce Cannabis Investment Report | December 2017 Disclosures, Disclaimers, Sources and Use This report has been compiled for informational purposes only and is not a research report. This report is not and should not be construed as an offer to sell securities or a solicitation of an offer to buy securities. Readers should not rely on this report in making any investment decision. Readers should not assume that this report is complete and should conduct their own analysis and investigation of the cannabis industry and consult with their own financial, legal, tax and other business advisors before making any investment decision related to the cannabis industry or any company participating therein. The information in this report is ofa general nature, and this report should not be construed, relied upon or acted upon as investment, legal, medical, health or tax advice. Readers should obtain advice applying to their cir- cumstances from a qualified attorney or other investment, medical or tax professional before acting or not acting. Ackrell Capital, LLC and its affiliates and their respective directors, officers, employees, agents, representatives, consultants, attorneys, independent contractors and controlling persons (Ackrell Capital, we, us, our) expressly disclaim liability in respect of any action taken or not taken based on information in this report. Any tax-related information contained in this report is not intended as a thoroughgoing analysis and is not to be relied on for any purpose. It may fail to analyze various facts and laws important to any complete, partic- ularized analysis. Readers are urged to consult with their own tax advisors to determine the tax consequences of any planned course of action or nonaction. None of the companies referenced in the report, including those companies referenced in the Top 100 Private Cannabis Companies 2018 and The Green Field 2018, have seen this report prior to publication; the contents of this report (including a company’s inclusion in the Top 100 Private Cannabis Companies 2018 or The Green Field 2018) are not endorsed by any company referenced herein. Some companies referenced in this report may object to being referenced in a document discussing the cannabis industry. Any display of any company’s logo included in this report is intended solely as an efficient method of identifying the company so referenced. Ackrell Capital has made investments in and conducted investment banking and other services for compa- nies referenced in this report and may do so in the future. Readers should be aware that Ackrell Capital may have a conflict of interest that could affect the objectivity of this report. Ackrell Capital does not make any representation or warranty as to the accuracy or completeness of this report. This report relies on and includes information, estimates and opinions from a wide range of sources, both public and private, including surveys, interviews, market databases, market research reports and Ackrell Capital’s own opinions and estimates. The information, estimates and opinions relied on by or included in this report have been obtained from sources we believe to be reliable. Any statement in this report that is not a statement of historical fact (which may be indicated by words such as “believe,” “expect,” “anticipate,” “estimate,” “project,” “predict” and similar expressions) should be considered the opinion or estimate of Ackrell Capital or others. A number of factors could cause actual results or events to differ materially from those indicated by such opin- ions and estimates. The opinions and estimates included herein or relied on hereby are subject to change without notice, and we assume no obligation to update this report; readers are cautioned to not place undue reliance on such opinions or estimates. While this report includes information developed by others, our original contributions are protected by copyright. We are not looking to prevent others from using our work, however. Others are free to copy and dis- tribute this report or portions of it, so long as they credit Ackrell Capital, LLC. More specifically, we are using the same license used by Wikipedia. Thus, this report is licensed under the Creative Commons Attribution ShareAlike 3.0 License (CC-BY-SA). Others are free to use, re-use, share, reproduce and make derivative works of the report, provided they comply with the requirements of the CC-BY-SA, which can be found at: https:/ / creativecommons.org/ licenses/ by-sa/ 3.0. © 2017 Ackrell Capital, LLC | Member FINRA/SIPC 175 HOUSE_OVERSIGHT_024811