corporate presentation december 2018 · current provincial supply agreements with access to over...
TRANSCRIPT
CORPORATE
PRESENTATION
DECEMBER2018
OTCQX:BLEVF
CNSX:BE
ALeadingGlobalCannabisCompany
OurVision:
Beleavewillcontinuetobealeading,global,
vertically-integratedcannabiscompany.
Wecultivatehigh-qualitycannabis
flowerandextracts,andaredeveloping
additionalproductlinesfor2019.
Withafootprintin
Canada,SouthAmerica,andEurope,
andfundedcapacityofover150,000kg
peryear,wearewellonourway.
2December2018
BeleaveInc.
www.beleave.com
OTCQX:BLEVF
CNSX:BE
3
ProductDevelopment
BuiltonResearch
DedicatedR&DTeam
focusedondevelopingproductsto
capitalizeonconcentratesand
edibleswhenallowedin2019
Proprietaryextraction
andprocessingtechniques
(patentpending)
Collaborationwith
academicinstitutions
Production
Capacity
Overallproduction
capacityinexcess
of150,000kg/yr
Overallfootprint
totalling1,642,000sqft
ofindoorandgreenhouse
Industryleadingyields
Facilitiesstrategicallylocated
acrossCanadaandabroad
Retail
Expansion
Retailchannelproviding
province-wideaccessto
Saskatchewanmarket
Pre-qualifiedbytheManitoba
governmentforretail
locationsinManitoba
Capabilitytoofferretailat
flagshipfacilityin
London,Ontariowithfurther
franchiseopportunities
beingexplored
Salesand
Distribution
Currentprovincialsupply
agreementswithaccessto
over55%ofthe
Canadianpopulation
Strategytocapitalizeon
internationalopportunities
withagreementstosupply
SouthAmericanand
Europeanmarkets
Diversifiedbrands,
abletoservelargeand
nichemarketsalike
OTCQX:BLEVF
CNSX:BE
WhoWeAre
December2018
BeleaveInc.
www.beleave.com
4December2018
BeleaveInc.
www.beleave.com
OTCQX:BLEVF
CNSX:BE
April13
BeleaveReceivesSales
LicensefromHealth
Canada
May10
BeleaveCloses
AcquisitionofMedi-
GreenCannabisClinic
Network
June21
BeleaveExpandsits
GlobalFootprint
intoColombia
July19
BeleaveAccelerates
itsRecreational
DistributionStrategy
byAcquiring
SevenOaks
August7
BeleaveExpands
Medi-Green
Networkwiththe
Announcementof
TwoNewStores
September6
BeleaveSigns
AgreementtoAcquire
250,000SquareFeetof
GreenhouseSpaceand
85AcresofLandto
ExpanditsProduction
Capabilities
September20
BeleaveAnnounces
867,000SquareFeet
ofPlannedIndoor
GrowingCapacityin
BritishColumbia
September26
BeleaveAnnounces
IncreasedInvestment
Agreementforup
to$30millionwith
AluminaPartners
August30
BeleaveSecures
PrimeLocation
foritsFirst
Saskatchewan
RetailStore
October17
RecreationalCannabis
isLegalizedinCanada
October29
BeleaveExpands
intoEuropean
CannabisMarket
Summer/Fall2019
London,Ontario
Facilitycomes
onlinewith250,000
squarefeetof
indoorgrowspace
Summer/Fall2019
Thefirsttwooften
newBCfacilitiesare
completed,adding
173,400squarefeet
togrowingcapacity
Summer/Fall2019
Recreationalmarket
expandsascommercially
manufacturededibles,
beverages,andconcentrates
arelegalized
2018
andBeyond
November15
BeleaveAnnounces
Developmentof
Cannabis-Infused
PowderandSugar
Productsforthe
RecreationalMarket
5December2018
BeleaveInc.
www.beleave.com
OTCQX:BLEVF
CNSX:BE
IntheNews
March25,2017
“Hamiltonishometoatleastthreemajor
marijuanacultivators,amongthe40growers
licensedbythefederalgovernmenttogrowpot
formedicinalpurposes.”
May10,2017
“Marijuanastartupsgetnew
fundingfrom'streaming'deals.”
June30,2017
“Withayeartogoandamidpredictionsofalooming
supplyshortage,HealthCanadaisscramblingtoadd
capacityoncethelegalizationfloodgatesswingopen.”
August23,2018
“Growthonthehorizonforlicensedpotproducers.”
BeleaveintheNews
Whetherit’sastoryon
cannabisemployersand
entrepreneurs,oralive
interviewthemorning
recreationalcannabis
becamelegalinCanada,
Beleavehashadgreat
newsworthymoments.
August29,2018
“B.C.governmenthasbeguntobuybud.”
August31,2018
“Areyouexperienced?Lloydminster
marijuanaretailerlookingfor'qualified'
workers.”
September12,2018
“ToutingLondon'sproximitytohighwaysanditslarge
labourpool,apotproducerhasboughtupagreenhouse
onasprawlingpropertyinthecity'ssouthend.”
October17,2018
BeleaveinvitesCP24camerasintotheir
Hamiltonfacilityforatourandlearn
moreabouttheiroperationsthemorning
ofCanadiancannabislegalization.
November9,2018
“FollowtheMoneyInvestorsGroupinterviewsBojan
Krasic,President&CFOofBeleaveInc.
Hamilton,OntarioThefirstpropertyintheBeleave
portfolio,theHamiltonfacility
continuestobethehubofoperations
forextraction,packaging,and
distribution.
GMPCertification:
ExpectedinDecember2018
ISOCertification:
Anticipatedinearly2019
Certificationwillfacilitate
internationaldistribution
London,OntarioExistinggreenhousetoberetrofitted
with160,000sqftofspaceonan
85acreproperty.
Phase1
StartingSummer2019
Indoor:10,000sqft
Phase2
StartingFall2019
Greenhouse:150,000sqft
Phase3
StartingSummer2020
Outdoor:600,000sqft
TotalLondonCapacityIndoor:8,697kg/yr
Greenhouse:18,000kg/yr
Outdoor:18,000kg/yr
BritishColumbiaTenindoorgrowingfacilitiesjointly-
designedbyBeleaveandKannavis
BiotechCorp.,ona50/50operating
expenditureandrevenuepartnership.
Phase1
StartingFall2019
Indoor:Abbotsford86,700sqft
Indoor:Chilliwack86,700sqft
Phase2
StartingFall2020
Indoor:Abbotsford700,800sqft
TotalBCCapacity
Indoor:65,232kg/yr
6December2018
BeleaveInc.
www.beleave.com
OTCQX:BLEVF
CNSX:BE
Facilities:
ExpansionPhases
GREENHOUSE
OUTDOOR
INDOOR
7
Hamilton
London
London
BritishColumbia
876,000
SQFT
600,000
SQFT
160,000SQFT
6,000
SQFT
2020TOTAL
160,000sqft
600,000sqft
882,000sqft
December2018
BeleaveInc.
www.beleave.com
OpenNow
StartingSummer2019
StartingSummer2020
StartingFall2019
1,642,000sqft
OTCQX:BLEVF
CNSX:BE
FundedCapacity:
Breakdown
8December 2018Beleave Inc.www.beleave.com
Funded Capacity (kg/yr) as at November 29, 2018
OTCQX: BLEVFCNSX: BE
Funded Capacity:Industry Comparison
0KG
150,000KG
300,000KG
450,000KG
600,000KG
WEED ACB APH TGOD BE CRON OGI TRST FIRE HIP FLWR TER
Year
ly F
unde
d Ca
pacit
y
9December2018
BeleaveInc.
www.beleave.com
CompanyTotalFunded
Capacity(kg)
MarketCap
(inmillions)
TotalFunded
Footprint(sqft)
Oils/
Extraction
Company
Clinics
CompanyRetail
Stores
University/
Research
International
OperationsRevenues
AuroraCannabis 570,000 8,980 4,505,000 Yes No Yes Yes Yes Yes
CanopyGrowth ~540,000 11,950 5,600,000 Yes No Yes Yes Yes Yes
Aphria 225,000 4,130 - Yes No No No Yes Yes
TGOD 170,000 1,100 1,257,245 Yes No No No Yes No
Beleave 150,000 86 1,642,000 Yes Yes Yes Yes Yes Yes
CronosGroup 117,150 2,020 1,201,000 Yes Yes No Yes Yes Yes
OrganiGram 110,000 776 480,000 Yes Yes No No Yes Yes
CannTrust 100,000 914 1,110,000 Yes No No Yes Yes Yes
Supreme 50,000 520 342,000 No No No No Yes Yes
FSDPharma - 611 ~3,800,000 No No No Yes Yes No
Newstrike 25,000 278 320,000 No No Yes No No Yes
Flowr 12,000 337 85,000 No No No Yes No No
TerrAscend ~2000 805 ~18,000 Yes Yes No No No Yes
AsatNovember9,2018
OTCQX:BLEVF
CNSX:BE
Peer
Comparison
10
$1,440,000240,000g
$14,486,4002,414,400g
$67,352,40012,350,400g
2019Total Revenues: $118,015,200Total Grams: 21,919,200
2020Total Revenues: $397,584,400Total Grams: 78,273,600
$34,736,4006,914,400g
$1,440,000240,000g
$1,440,000240,000g
$67,352,40012,350,400g
$130,352,40030,350,400g
$67,352,40012,350,400g
$132,584,40023,222,400g
Attributable to Beleave bottom line
0
5
10
15
20
25
30
35
0
20
40
60
80
100
120
Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020
Gram
s
Mill
ions
Reve
nue
/ Pr
oduc
t Val
ue
Mill
ions
* Based on current average wholesale price of $5.33** Revenues and yields are net of JV deductions
Revenue
Grams
RevenueForecast
December 2018Beleave Inc.www.beleave.com
OTCQX: BLEVFCNSX: BE
SalesandDistribution:
Canada
11
PlannedRetailLocation
RecreationalOnlineSales
MedicalDistribution
December2018
BeleaveInc.
www.beleave.com
OTCQX:BLEVF
CNSX:BE
Now
Countrywide
100%ofCanada
RecreationalDistribution
Now
BC,MB,ON
55.1%ofCanada
Spring2019
+AB,SK
69.8%ofCanada
Summer2019
+ QB,NS,NB
97.5%ofCanada
2020
+ YT,NT,NU,NL
99.59%ofCanada
TodayBeleavehasaccesstooverhalfoftheCanadianrecreational
marketplace;thatnumberwillsoartoover97%bySummer2019.
Provincialpopulationpercentagesbasedon2016CanadianCensus
12OTCQX:BLEVF
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SalesandDistribution:
SouthAmerica
December2018
BeleaveInc.
www.beleave.com
SouthAmericanExpansion
InJune2018,Beleaveexpanded
itsglobalfootprintintoSouth
Americabyacquiringamajority
shareinProcannmed;fully
licensedforthecultivation,
production,extractionand
distributionofbothTHCandCBD
medicalcannabisinColombia.
• DistribuhonthroughoutColombia
andotherSouthAmericanmarkets
• 60Hectaresoflandcanbeusedfor
outdoorgrowingordevelopmentof
newgrowingfacilihes
• Lowcostoffacilityconstruchonand
operahonskeepexpenseslow
• Asregulahonsformedicalcannabis
changeintheregion,themarketof
620millionpeoplewillpresentnew
growthopportunihesforBeleave
13OTCQX:BLEVF
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SalesandDistribution:
Europe
December2018
BeleaveInc.
www.beleave.com
EuropeanExpansion
InOctober2018,Beleave
expandeditsglobalfootprint
again,thistimetoEurope,by
partneringwithCanymedto
supplytheGermanmarketwith
medicalcannabis.
• Canymedtoimport5,000kgdryflower
peryearfromBeleaveat€7.00/g
• Beleavewillreceive10%ownershipin
Canymedandfirstrightofrefusalfor
anaddihonal20%inexchangefor
providingexperhse,training,
consultahonandsupport
• Germanyhasquicklybecomeoneof
theworld'slargestfederally-regulated
medicalcannabismarket
14December2018
BeleaveInc.
www.beleave.com
OTCQX:BLEVF
CNSX:BE
MarketOverview
GrowingMarketConservativeestimatesfromHealth
Canadapredictthatthesizeofthe
medicalcannabismarketwillreach
450,000patientsinthenextsixyears.
ExportOpportunitiesNewopportunitiesareonthehorizon
forCanadianLPstosupplyforeign
medicalmarketsasmanySouth
AmericanandEuropeannationslack
domesticproductioncapacity.
IndustryGrowthRecreationalmarketinCanadaisexpected
requirecannabisproductionofover
900,000kgannuallytomeetitsestimated
valueof$8.7billioninthenextsixyears.
RetailDistributionManyprovinceswillsoonbe,oralreadyare,
intheprocessofacceptingapplicationsfor
morepoint-of-salelocations,andretail
distributionpointsareexpectedtogrow
substantiallyin2019.
ImpactfulResearchImpactfulstudieshighlightthepromise
ofcannabistoaidinhealthyaging,
neurologicalanddegenerativediseases,
andasapowerfulweaponagainstthe
opioidcrisis.
NewProductLinesCompaniesarecommittingR&Dresources
todevelopawidevarietyofnewproduct
offeringsastherecreationalmarketwillallow
foredibles,concentrates,andbeverage-
basedcannabisproductsin2019.
MedicalMarket RecreationalMarket
2019
SevenOaks
SevenOaks,BeleaveInc.’srecreational
brand,hasstrongdistributionandsales
channelsinplace.SevenOaksappeals
toconsumers,bothconceptuallyandin
thequalityitinvokes,attractingthemto
becomerepeatcustomers.
BeleaveKannabis
BeleaveKannabis,ourmedicallabel,is
distributednation-wide.In2019,weare
leveragingresearchandnew
technologiestocreateasuiteofhighly
focused,proprietarymedicalproducts,
withhighermargins.
Medi-Green
Medi-Greenisaleadingnetworkof
medicalcannabisclinicswithlocations
acrossOntarioandQuebec.Medi-Green
currentlyhasanactivepatientbaseof
approximately4,000,withaverage
patientsubscriptionsintherangeof
2to3gramsperday.
RapidlyAcceleratingbothRecreationalandMedicinalDistribution
Ourlong-termobjectiveisclear;weprovideaconsistent,reliableandcuratedproducttosuitthe
needsofourcustomers.Oursuiteoftargetedbrandsenablesustobuildloyaltyandenthusiasm
acrosstheBeleavefamily.
COMINGSOONIN2019
FirstrecreationalstorewillopeninSaskatchewaninthecomingmonths,allowingforprovince-wideonlinesales.Also,Beleavehaspre-qualifiedfor
storesinManitobaandwillopenanumberlocationsinOntariothroughitspartnershipwithRollinsGroup.
15OTCQX:BLEVF
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SalesandDistribution:
OurBrands
December2018
BeleaveInc.
www.beleave.com
x
SalesandDistribution:
OurProducts
16December2018
BeleaveInc.
www.beleave.com
OTCQX:BLEVF
CNSX:BE
CBDGodBud
Gellatino
Shishkaberry
UltraSour
PinkKush
SanFernandoValleyKush
BlueDream
CannabisStrainsProductPackaging
BELEAVEKANNABIS
SEVENOAKS
Formedbynature,
perfectedbyscience.
Solving
Bio-Availability
Weusenano-encapsulationofactive
ingredientstoenhancebioavailability.
Thefinalproductofferedto
consumerswillbeaflexible,food-
gradeingredientthatdeliversan
accuratedoseofTHCandCBDwhen
ingestedorally,withspeedydelivery.
Patenting
Solubility
Lowwatersolubilityofextractsoroils
makesincorporatingthemintofood
productsorbeveragesdifficultand
canleadtolowbioavailability,poor
shelf-life,andunpredictabledosing;
ourpatent-pendingprocess
addressesandsolvestheseproblems.
Patenting
Extraction
R&DbeingconductedatBeleave's
Hamiltonfacilitystemsfromapatent
applicationsubmittedbyDr.Chenand
Dr.Rogers,andisownedbyBeleave.
Manufacturingandextractionwillbe
scaled-uptoindustriallevelsand
movedtoBeleave'sLondon,Ontario
facilityinthefuture.
OnNovember15,2018,Beleaveannouncedithaddeveloped
water-solublecannabis-infusedpowdersandsugarproducts
inpreparationfortheadultrecreationalcannabis-infused
foodandbeveragemarketnextyear.
17OTCQX:BLEVF
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Product
Development
December2018
BeleaveInc.
www.beleave.com
18OTCQX:BLEVF
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RiskMitigation
December2018
BeleaveInc.
www.beleave.com
TightProductControlsConsistentproductqualityisattained
throughconstantmonitoringand
testingtoensureplantsarefree
fromchemicals,heavymetalsand
microbiologicalcontaminants.
IntegratedDistributionIntegrateddistributionchannelsmake
Beleavestronger,providingdirect
accesstothemarketsweserve.
InternationalExpansionGlobalpoliticalchangestomedicinaland
recreationalcannabislawsallowBeleave
tocapitalizeonmarketsoutsideof
Canada.
BrandDiversityAuthenticbrandofferingsthataretargeted
toclearlydefineddemographicswith
multipleprice-pointstoreachbroad
customerprofilesandbuildbrandloyalty.
Mutuallybeneficialpartnershipsproducegroundbreaking
researchandinnovationthatdriveseconomicgrowth,solves
complexproblems,andcreatesamoreskilledworkforce.
Dr.LesleyCampbellisaProfessorintheDepartmentofChemistryandBiologyatRyersonUniversity.Sheis
anevolutionarybiologistwithastronghistorystudyingweedyandinvasiveplantevolutionandcurrently
possessesafederallyissuedIndustrialHempResearchLicense.ShehaspreviouslyworkedonindustrialC.
sativaproductionproblemsincludingheritability,maternaleffects,phenotypicplasticityandextractionprotocols.
Dr.MohitBhandariisaworld-leadingresearcherspecializinginlargeinternationalResearchChairat
McMasterUniversity,aUniversityScholar,andtheAssociateChairofResearchforSurgery.Hewaswon
numerousawardsforcontributionstoresearchandevidence-basedorthopaedicsincludingtheOrderof
Ontario,andtheKappaDeltaaward.
MichaelRogersjoinedtheDepartmentofFoodSciencein2014afterholdingfacultypositionsatRutgers
UniversityandtheUniversityofSaskatchewanandastheCenterDirectorfortheGastrointestinalPhysiology
CenteratNewJersey’sInstituteofFood,NutritionandHealth.Hestudiesmoleculargels,self-assemblyof
nano-fibersandnanotechnology,focusingondeliveryofbio-activesandthebiophysicsofdigestion.Michaelis
alsothedepartment’sgraduatecoordinatorfortheM.Sc.thesisandPh.D.programs.
LESLEYCAMPBELL,PH.D.
RYERSONUNIVERSITY
MOHITBHANDARI,PH.D.
MCMASTERUNIVERSITY
MICHAELROGERS,MSC&PH.D.
GUELPHUNIVERSITY
InsertLogo
19December2018
BeleaveInc.
www.beleave.com
OTCQX:BLEVF
CNSX:BE
Collaborative
Partners
MeettheTeam
20December2018
BeleaveInc.
www.beleave.com
OTCQX:BLEVF
CNSX:BE
AndrewT.Wnek
CA,CPA,B.COMM,MBA
Chairman,ChiefExecutiveOfficer,
Director
Andrew offers significant retail,
f i n a n c e a n d i n f o r m a t i o n
technology experience from
previous execut ive ro les at
Canadian Tire, Petro-Canada, and
Heart and Stroke Foundation. He
has led sizeable organizations and
successfully executed on major
projects.HisvisionforBeleaveisto
be come a f u l l y i n teg ra ted
organization that will have a
significant leadership position in
thecannabisindustry.
BojanKrasic
MIM
President,ChiefFinancialOfficer,
Director
Bojan was responsible for leading
strategy, business development,
M&A transactions for Beleave.
Withwell over a decade of career
development, Bojan offers wide
ranging financial expertise built
with Thomas Weisel Partners
CanadaInc.,StifelNicolausCanada
Inc., and later serving as CEO of
Terrella Capital and is a board
member of public and private
companies.
BillPanagiotakopoulos
ChiefOperationalOfficer,Director
BillwasanearlymoverinCanada’s
cannabissectorandhascontributed
significantly tosuccessfullynavigating
the regulatory framework to
obtain a cannabis production and
sales license. Bill was the founder
and owner of Cardinal Group Inc,
specializinginevaluatingopportunities
and helping set strategic goals in
businessdevelopment.
RogerFerreira,Ph.D.
ChiefScienceOfficer,Director
Roger leads Beleave's science and
innovation program and offers
substantialexperiencein laboratory
management(UniversityofToronto
& Toronto University Health
Network) and his PhD training in
theareaofneuroimmunology.
KevinKeagan
ChiefCommunicationsOfficer
Kevin brings extensive experience,
with over 25 years in capital
marketsworkingwithinthefinancial
services industry to provide
overs ight to the operat ion ,
expans ion, and d i rect ion of
Beleave's communications and
capital markets initiatives. As
Beleave prepares for exciting
announcements in the next year,
Kevinwillprovidevaluablestrategic
guidancetosupporttheourgrowth
anddevelopment.
GrantMcLeod
SVP,RegulatoryAffairs
GeneralCouncil
Grantisalawyerwithover14years
of government and regulatory
experience.Granthasledanumber
of public sector organizations
providing significant organizational
skills and corporate governance
experience to draw on. His past
positionshaveincludedseniorroles
at the Privy Council Office, the
AttorneyGeneral’sOffice (Ontario),
a n d f o r U S g o v e r n m e n t
i m p l em e n t i n g p a r t n e r s i n
Afghanistan. Grant is the Co-
Founder of SevenOaks,whichwas
acquired by Beleave, and was
instrumental in securing provincial
supplyagreements.
MarkHeselton
Director
Markisanexperiencedpharmaceutical
executive offering more than 25
yearswithFortune100,NYSElisted,
research-based pharmaceutical
companies including Bristol-Myers
Squibb,MerckandPfizer.
MarkMiles
Director
Mark is the President of M2PM
Limited and has more than thirty
y e a r s o f e x p e r t i s e i n t h e
construction and development
industries, and tenyearsdedicated
toexecutiveservicesfortheproject
design, construction and delivery
for a full spectrum of publicly
procured infrastructure projects,
including complex construction
projects, including the SkyDome,
Metro Hall, Sunnybrook Hospital
and PrincessMargaret Hospital, to
nameafew.
MeettheTeam
21December2018
BeleaveInc.
www.beleave.com
OTCQX:BLEVF
CNSX:BE
22December2018
BeleaveInc.
www.beleave.com
ShareStructureasofNovember29,2018 Amount Percentage
CommonSharesOutstanding 419,215,391 81%
ReservedforIssuance*
98,607,047 19%
FullyDilutedShares 517,822,438 100%
CanadianListing-CNSX:BE
USListing-OTCQX:BLEVF
CashBalance
(asatSeptember30,2018)$3,578,996
*Reservedforissuanceincludesstockoptionsandwarrants
OTCQX:BLEVF
CNSX:BE
Capitalization
23December2018
BeleaveInc.
www.beleave.com
OTCQX:BLEVF
CNSX:BE
Key
Takeaways
• Canadian-basedverhcallyintegrated
cannabiscompany
• Operahonsinthreeconhnents;North
American,SouthAmerica,Europe
• Fundedcapacityover150,000kg
peryear
• Culhvahngcannabisforflower,oils,
andextracts
• Recreahonalsalesin3provinces
currently,expandingto8bymid-2019
• Expandingmedicaldistribuhon
channelsinternahonally
• Industry-leadingyieldswithlow
produchoncosts
• Passionate,experienced,and
industry-connectedleadershipteam
• Developingnewproductsfor2019
AndrewT.WnekCHAIRMAN&CEO
4166691530
BojanKrasicPRESIDENT&CFO
9059792937
24December2018
BeleaveInc.
www.beleave.com
OTCQX:BLEVF
CNSX:BE
Contact
KevinKeaganCHIEFCOMMUNICATIONSOFFICER
6474497352
This document includes forward-looking statementswithin themeaning of certain securities laws, including the “safe harbour” provisions of the
SecuritiesAct(Ontario)andotherprovincialsecurities lawinCanada.Theseforward-lookingstatements include,butarenot limitedto,statements
with respect toourobjectives,goalsandstrategies toachieve thoseobjectivesandgoals,aswellasstatementswith respect toourbeliefs,plans,
objectives,expectations,anticipations,estimatesandintentions.Thewords“may”,“will”,“could”,“should”,“would”,“suspect”,“outlook”,“believe”,
“plan”, “anticipate”, “estimate”, “expect”, “intend”, “forecast”, “objective” and “continue” (or the negative thereof), andwords and expressions of
similar import, are intended to identify forward-looking statements. By their very nature, forward-looking statements involve inherent risks and
uncertainties,bothgeneralandspecific,whichgiverisetothepossibilitythatpredictions,forecasts,projectionsandotherforward-lookingstatements
willnotbeachieved.Certainmaterialfactorsorassumptionsareappliedinmakingforward-lookingstatementsandactualresultsmaydiffermaterially
fromthoseexpressedorimpliedinsuchstatements.TheCompanystronglycautionsreadersnottoplaceunduerelianceonthesestatements,asa
numberofimportantfactors,manyofwhicharebeyondourcontrol,couldcausetheCompany’sactualresultstodiffermateriallyfromthebeliefs,
plans,objectives,expectations,anticipations,estimatesandintentionsexpressedinsuchforward-look-ingstatements.Thesefactorsinclude,butare
notlimitedto:generaleconomicconditions;pendingandproposedlegislativeorregulatorydevelopmentsinCanadaincludingtheimpactofchanges
in laws, regulations and the enforcement thereof; reliance on funding models in Canada; operational and infrastructure risks including possible
equipment failureandperformanceof information technology systems; intensify- ing competition resulting fromestablishedcompetitorsandnew
entrantsinthebusinessesinwhichtheCompanyoperates; insurancecoverageofsufficientscopetosatisfyanyliabilityclaims;fluctuationsintotal
patients and customers; technological change and obsolescence; loss of services of key senior management personnel; privacy laws; structural
subordinationofcommonshares;leverageandrestrictivecovenants;fluctuationsincashtimingandamountofcapitalexpenditures;tax-relatedrisks;
unpredictabilityandvolatilityof thepriceof theCompany’ssecurities;dilution;and futuresalesof theCompany’ssecurities.The foregoing listofimportantfactorsthatmayaffectfutureresultsisnotexhaustive.WhenreviewingtheCompany’sforward-lookingstatements,investorsandothers
should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by Canadian securities law, the
Company does not undertake to update any forward-looking statements, whether written or oral, that may bemade from time to time by the
CompanyorontheCompany’sbehalf.Suchstatementsspeakonlyasofthedatemade.Theforward-lookingstatementscontainedinthisDocument
shouldnotberelieduponasrepresent- ingtheviewoftheCompanyor itsmanagementasofanydatesubsequenttothedateofthisDocument.
NeithertheCompanynoritsmanagementisunderanyobligation,andneitherundertakes,toupdateanyofthisinformationatanyparticulartime.
NeithertheCompanynoritsmanagementassumesanyobligationtoupdateorreviseforwardlookingstatementsshouldcircumstancesorestimates
oropinionschanges.NoneoftheCompanyor itsaffiliatedorrelatedpartnershipsandcorporationsortheirrespectivedirectors,officers,partners,
employees,agentsorrepresentativesmakesanyrepresentationorwarrantyastotheaccuracyorcompletenessoftheDocumentoranystatements,
estimatesorprojections,andnonewillassumeanyliabilityforanyrepresentations(expressorimplied)containedin,orforanyomissionsfrom,the
Document,orforanyotherwrittenororalcommunicationstransmittedtoprospectiveinvestorsinthecourseoftheirevaluationoftheCompanyand
itsbusiness.An investorwillonlybeentitledtorelyonthoserepresentationsandwarrantiescontained inthedefinitiveagreementoragreements
whichconstitutethefinancing.UseofthisDocumentisrestrictedtopartiestowhomtheCompanydeliverstheDocumentandtherecipientandits
representativesshallkeepconfidentialallinformationcontainedhereinorotherwiseprovidedinconnectionwiththeproposedfinancingwhichisnot
alreadypublicorwhichisnotsubsequentlymadepublic,andwillusetheDocumentonlyforthepurposesetforthabove.Inaddition,eachrecipient
willnotcopy,reproduceordistributetheDocumentinwholeorinparttoothers,atanytime,withoutthepriorexpresswrittenconsentoftheCompany.
25OTCQX:BLEVF
CNSX:BE
Disclaimer
December2018
BeleaveInc.
www.beleave.com