may 2020market. • the u.s. market is greater than us$225 billion while the canadian market is in...

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Corporate Presentation May 2020

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Page 1: May 2020market. • The U.S. market is greater than US$225 billion while the Canadian market is in excess of US$19 billion. • According to some estimates, the relative market for

Corporate PresentationMay 2020

Certain information contained in this presentation constitutes forward-looking statements under applicable securities laws Any statements contained in this presentation that are not statements of historical fact may be deemed to be forward-looking statements these include without limitation statements regarding Xebra Brands Ltdrsquos (ldquoXEBRArdquo) expectations in respect of its ability to successfully execute its business plan its ability to raise additional capital and fund its ongoing operations plans for future growth and the direction of the business financial projections including expected revenues gross profits and EBITDA (which is a non-GAAP financial measure) plans to increase product volumes the capacity of existing facilities supplies from third party growers and contractors expected growth of the cannabis industry generally managementrsquos expectations beliefs and assumptions events or developments that XEBRA expects to take place in the future and general economic conditions All statements other than statements of historical facts are forward-looking information and statements The words ldquobelieverdquo ldquoexpectrdquo ldquoanticipaterdquo ldquocontemplaterdquo ldquotargetrdquo ldquointendsrdquo ldquocontinuerdquo ldquobudgetrdquo ldquoestimaterdquo ldquomayrdquo ldquowillrdquo and similar expressions identify forward-looking information and statements

Forward-looking statements are necessarily based upon a number of estimates and assumptions that while considered reasonable by XEBRA as of the date of such statements are inherently subject to significant business economic and competitive uncertainties and contingencies Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements Such factors include but are not limited to the inability of XEBRA to generate sufficient revenues or raise sufficient funds to carry out its business plan changes in government legislation taxation controls regulations and political or economic developments in various countries risks associated with agriculture and cultivation activities generally including inclement weather access to supply of seeds poor crop yields and spoilage compliance with import and export laws of various countries significant fluctuations in cannabis prices and transportation costs the risk of obtaining necessary licenses and permits inability to identify negotiate and complete a potential acquisition for any reason the ability to retain key employees dependence on third parties for services and supplies non-performance by contractual counter-parties general economic conditions and the continued growth in global demand for cannabis products and the continued increase in jurisdictions legalizing cannabis and the timely receipt of regulatory approval for Medicannabisrsquo license applications The foregoing list is not exhaustive and XEBRA undertakes no obligation to update or revise any of the foregoing except as required by law Many of these uncertainties and contingencies could affect XEBRArsquos actual performance and cause its actual performance to differ materially from what has been expressed or implied in any forward-looking statements made by or on behalf of XEBRA Readers are cautioned that forward-looking statements are not guarantees of future performance and readers should not place undue reliance on such forward-looking statements There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those set out in such statements

2

Disclaimers

Cannabis cultivation in the US and Canada is financially unsustainable

A brand is the single most important investment a business can make

The ultimate brand strategy is to increase value with intellectual property

2 31

We are a cannabis cultivation and product company with global brands and intellectual property Our verticals

cover wellness and leisure and include beverages

3

We Have Filed the Equivalent of 414 Trademark Applications for Our Brands in 46 Countries

Our genetic seed library includes 144 cannabis cultivars amp breeding lines

CANNABISLegalized

in about 30 countries

CANNABISDecriminalized in an additional

20 countries

GLOBAL

US$1039Billion

NORTH AMERICA

US$473Billion

EUROPE

US$391Billion

LATAM amp CARIBBEAN

US$91Billion

Market Projections for 2024

High THC bull High CBD bull Balanced THCCBD bull High CBG

Clear and Flavorless bull Shelf Stable bull Scalable bull Highly BioavailableWe have licensed intellectual property to render cannabis water soluble

Source Prohibition Partners 4

We have applied for authorizations to manufacture and sell our Elements CBD wellness products

bull CBD Warming Spray

bull CBD Cooling Spray

bull CBD Massage Oil

bull CBD Edible Body Cream

bull CBD Lip Balm

bull CBD Roll-on Cream

bull CBD Intimate Lubricant

bull CBD Talc

bull CBD Capsules

bull CBD Tinctures

bull CBD Balm

bull CBD Cream

5

Our CBD Wellness Brand

We have created a number of great tasting cannabis infused beverages including soft drinks iced teas lemonade and waters Energy drinks and a CBD sports beverage are under development

Itrsquos High Timetrade Protecttrade Lemonade for RenegadestradeCrazy Goodtrade Enjoy the Triptrade

HIGH CASTLECOMING SOON

6

Our Beverage Brands

bull Ready-to-drink beverages and packaged beers currently represent US$1 trillion in the global market

bull The US market is greater than US$225 billion while the Canadian market is in excess of US$19 billion

bull According to some estimates the relative market for cannabis infused beverages could be 14 of the overall alcohol beverage market

$37BSPIRITS

2018

$45BCANNABIS

2018

$53BWINE

2018

ldquoConstellation Brandsrsquo US$4 billion investment in cannabis company may signal industry shakeuprdquo

ldquoCannabis stocks jump after reports that Diageo is in talks with three pot producersrdquo

ldquoAnheuser-Busch InBev partners with cannabis companyrdquo

ldquoMolson Coors enters into joint venture to develop cannabis infused beveragesrdquo

Notable News

Source Eight Capital

Figures in US$

Canadian Market

7

The Cannabis Beverage Market

bull Optimal Growing Conditions bull Established Agricultural Industry bull Free Trade Advantages bull Stable Governmentsbull Low Cost Skilled Laborbull Low Cost Cultivation

8

The Latin American Cultivation Advantage

Figures in US$ Projected financial information actual results may differ

CAPEX per FT2

$513 $205 $96 $10 ndash $15 $5 ndash $10

CanadianIndoor

United StatesIndoor

CanadianGreenhouse

Latin AmericanHoop-House

Latin AmericanOutdoor

Cost per Gram of Dry Flower$050 ndash $230 $005 ndash $020

United States amp Canada

Latin America

1 ounce = 2835 grams1 m2 = 1076 ft2

9

Our Low Cost Cultivation Strategy

We will grow cannabis in low cost countries in open-fields for CBD and in inexpensive hoop-houses for THC

Our 3000 ft2 (~278m2) THC hoop-houses are low cost semi-passive greenhouses designed to minimize expensive energy use by maximizing natural energy utilization We employ natural systems to further reduce production costs

HOOP-HOUSE GREENHOUSE

CONVENTIONAL GREENHOUSE

LIGHTING Sun Electrical

HEATING amp COOLING Sun Convection Airflow Electrical Fossil Fuels

VENTILATION Fans Wind Forced Air

PEST amp DISEASE CONTROL Insects Biocontrols Pesticides Fungicides

FERTILIZERS Optimized by Microbes Expensive Products

SOIL Native Soil (re-use) Soil-less Media (limited re-use)

FRONT SIDE

10

Our Hoop-Houses

XEBRArsquos business plan evaluated three capital expenditure scenarios low medium and high The above figures assume the ldquohighrdquo scenario

Projected Initial Capital Expenditures US$

Hoop-houses ~1 hectare $1285000

Processing Equipment (not a recurring cost) 950000

Total Initial Capital Expenditures (1st Hectare) $2235000

Projected Capital Expenditures per Additional Hectare $1285000

Projected Initial Capital Expenditures US$

Building Machinery amp Equipment ~1 hectare $25000

Processing Equipment (not a recurring cost) 950000

Total Initial Capital Expenditures (1st Hectare) $975000

Projected Capital Expenditures per Additional Hectare $ insignificant

Hoop-house Cultivation and Processingto a Refined THC Extract

Outdoor Cultivation and Processingto a Refined CBD Extract

11

Latin American Cultivation CAPEX

Canopy Growth$61B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Aphria$10B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Organigram$297M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Cronos$23B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Tilray$926M

1048675 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Aurora$10B

1048672 Chile1048672 Colombia1048672 Mexico1048675 Uruguay

Hexo$187M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

The Green Organic Dutchman$63M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Medicine Man$78M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Auxly$198M

1048672 Chile1048672 Colombia1048672 Mexico1048675 Uruguay

Cannabis cultivators will introduce low cost Latin American operations in order to ensure their long-term survival

Curaleaf$23B

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Cresco Labs$891M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Market Capitalization in $US as at April 27 2020

12

Lack of Low Cost Cultivation of Major Cannabis Companies

Our breeding facilities will be located in Guasca and our 14

hectare cultivation property will be located in Zipaquiraacute mdash the sites

are 1 to 15 hours from Bogota international airport

13

Cannabis Regulations in Colombia

We hold licenses to cultivateand process cannabis in Colombia

bull Colombia legalized the use and production of medical cannabis in 2016

bull The UN awarded Colombia 21 of global THC cannabis production for 2020

bull Large-scale commercial production commenced in 2020

All progress on cannabis legalization in Mexico has been made via Supreme Court constitutional challenges

Supreme Court grants the first constitutional injunction in favor of 5

individuals enabling them to possess cannabis for personal consumption

Legal framework for medical cannabis products

Supreme Court declares cannabis prohibition unconstitutional and

orders Congress to reform

Following grant of another constitutional injunction Supreme

Court orders drafting of comprehensive regulations for medical cannabis

Anticipated grant of constitutional

injunction to Xebra

Deadline for draft of cannabis legal

framework

2014NOVEMBER

2017JUNE

2019FEBRUARY

2019AUGUST

2020OCTOBER

2020DECEMBER

14

Cannabis Regulations in Mexico

bull FACT As agricultural products ldquocommoditizerdquo industrial-scale farming shifts to countries with low-cost land and labor

bull FACT The NAFTA free trade agreement (now called USMCA) was devastating to Canadian and US agricultural production

bull FACT The cut-flower industry for example has been decimated post-NAFTA ~85 of cut-flowers in Canada and the US are now imported (ironically Californiarsquos cut-flower greenhouses were occupied by cannabis growers)

bull Some argue that the Canadian and US governments will protect cannabis growers but is it really different this time No There are no exemptions or carve-outs under USMCA for cannabis

bull Because of the US 2018 Farm Bill after Mexico legalizes (expected December 2020) the majority of CBD derived from hemp will be imported from Mexico

bull ldquoWhenrdquo not ldquoifrdquo the US removes THC as a Schedule 1 drug the majority of industrial-scale cannabis derivatives (THC CBD CBG etc) will be imported from Mexico

15

Impact of Mexican Legalization on the US and Canada

Mexican tobacco law prohibits the sale of vaping products

However three companies have previously been granted legal interpretations by Mexican authorities (the Mexican FDA)

to import and commercialize vaping devices as long as the hardware and the juice are sold separately They are

Philip Morris British American Tobacco andhellip Xebra

16

Cannabis Vaping First Mover in Mexico

Our Cannabis Business Model

Latin American Sales and for

Export

Production of Cannabis

Beverages and other Products

Cultivate and process Cannabis in

Colombia and Mexico

17

Q2 2020Complete all brand and formulation development

Q3 2021Sales of CBD products

Q3 2020Complete all trademark applications covering 46 countries

Q4 2021Sales from first harvests

Q1 2021Sales of vaping products

Q4 2021Sales of beverages

Q2 2021Initiate cultivation

18

Dates and objectives are plans only actual results may vary

Our Projected Path to Revenue

Todd Dalotto PresidentHorticultural scientist and cannabis breeder Was instrumental in the drafting of Oregonrsquos medical marijuana legislation

Robert Giustra ChairmanActively engaged in venture capital and in founding funding and listing publicly traded companies for 28 years

Jordi Chemonte DirectorFounded several successful enterprises in Mexico Former CEO of Elements Bioscience a first-mover in Mexican cannabis

Jorge Martiacutenez COOOver 25 years of experience in venture capital Specialized in operational and management efficiencies

Andrew Yau CFOHas been in accounting and finance roles with publicly listed companies for 14 years

Rodrigo Gallardo Country Manager MexicoCorporate lawyer and business executive He was vital in the success of a number of Mexican start-up business ventures

Diego Chiguachi Colombia Chief Agronomist amp BreederAgro-engineer specialized in genetics Managed agricultural projects for the United Nations and for indigenous communities

Emisel Fonseca Food ScientistA food scientist and biotechnology engineer Is the head of a Mexican cosmetics and dietary supplements manufacturing company

Todd Dalotto President mdash FULL BIO

Mr Dalotto is a horticultural scientist public policy consultant and court-qualified expert witness specializing in cannabis He breeds and conducts horticultural research and consults businesses on the horticultural science and public policy of cannabis His research objectives over the past twenty years include breeding of in-bred lines morphology sustainable practices semi-passive greenhouse production and mutualisms Todd has a horticultural research degree with emphasis on sustainable agriculture and plant breeding from Oregon State University is former Chair of the Oregon Health Authorityrsquos Advisory Committee on Medical Marijuana (ACMM) as well as the ACMMrsquos Horticulture Research amp Safety Committee has served on various legislative and rules advisory committees for the State of Oregon and helped draft the regulations for Oregonrsquos Medical Marijuana Dispensary Program and he founded Oregonrsquos first cannabis medical clinic education amp support center

19

Our Team

As at May 1 2020

Shares Outstanding 100499318Stock Options nilWarrants nil

Debt nil

20

Our Capital Structure

xebrabrandscom

Page 2: May 2020market. • The U.S. market is greater than US$225 billion while the Canadian market is in excess of US$19 billion. • According to some estimates, the relative market for

Certain information contained in this presentation constitutes forward-looking statements under applicable securities laws Any statements contained in this presentation that are not statements of historical fact may be deemed to be forward-looking statements these include without limitation statements regarding Xebra Brands Ltdrsquos (ldquoXEBRArdquo) expectations in respect of its ability to successfully execute its business plan its ability to raise additional capital and fund its ongoing operations plans for future growth and the direction of the business financial projections including expected revenues gross profits and EBITDA (which is a non-GAAP financial measure) plans to increase product volumes the capacity of existing facilities supplies from third party growers and contractors expected growth of the cannabis industry generally managementrsquos expectations beliefs and assumptions events or developments that XEBRA expects to take place in the future and general economic conditions All statements other than statements of historical facts are forward-looking information and statements The words ldquobelieverdquo ldquoexpectrdquo ldquoanticipaterdquo ldquocontemplaterdquo ldquotargetrdquo ldquointendsrdquo ldquocontinuerdquo ldquobudgetrdquo ldquoestimaterdquo ldquomayrdquo ldquowillrdquo and similar expressions identify forward-looking information and statements

Forward-looking statements are necessarily based upon a number of estimates and assumptions that while considered reasonable by XEBRA as of the date of such statements are inherently subject to significant business economic and competitive uncertainties and contingencies Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements Such factors include but are not limited to the inability of XEBRA to generate sufficient revenues or raise sufficient funds to carry out its business plan changes in government legislation taxation controls regulations and political or economic developments in various countries risks associated with agriculture and cultivation activities generally including inclement weather access to supply of seeds poor crop yields and spoilage compliance with import and export laws of various countries significant fluctuations in cannabis prices and transportation costs the risk of obtaining necessary licenses and permits inability to identify negotiate and complete a potential acquisition for any reason the ability to retain key employees dependence on third parties for services and supplies non-performance by contractual counter-parties general economic conditions and the continued growth in global demand for cannabis products and the continued increase in jurisdictions legalizing cannabis and the timely receipt of regulatory approval for Medicannabisrsquo license applications The foregoing list is not exhaustive and XEBRA undertakes no obligation to update or revise any of the foregoing except as required by law Many of these uncertainties and contingencies could affect XEBRArsquos actual performance and cause its actual performance to differ materially from what has been expressed or implied in any forward-looking statements made by or on behalf of XEBRA Readers are cautioned that forward-looking statements are not guarantees of future performance and readers should not place undue reliance on such forward-looking statements There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those set out in such statements

2

Disclaimers

Cannabis cultivation in the US and Canada is financially unsustainable

A brand is the single most important investment a business can make

The ultimate brand strategy is to increase value with intellectual property

2 31

We are a cannabis cultivation and product company with global brands and intellectual property Our verticals

cover wellness and leisure and include beverages

3

We Have Filed the Equivalent of 414 Trademark Applications for Our Brands in 46 Countries

Our genetic seed library includes 144 cannabis cultivars amp breeding lines

CANNABISLegalized

in about 30 countries

CANNABISDecriminalized in an additional

20 countries

GLOBAL

US$1039Billion

NORTH AMERICA

US$473Billion

EUROPE

US$391Billion

LATAM amp CARIBBEAN

US$91Billion

Market Projections for 2024

High THC bull High CBD bull Balanced THCCBD bull High CBG

Clear and Flavorless bull Shelf Stable bull Scalable bull Highly BioavailableWe have licensed intellectual property to render cannabis water soluble

Source Prohibition Partners 4

We have applied for authorizations to manufacture and sell our Elements CBD wellness products

bull CBD Warming Spray

bull CBD Cooling Spray

bull CBD Massage Oil

bull CBD Edible Body Cream

bull CBD Lip Balm

bull CBD Roll-on Cream

bull CBD Intimate Lubricant

bull CBD Talc

bull CBD Capsules

bull CBD Tinctures

bull CBD Balm

bull CBD Cream

5

Our CBD Wellness Brand

We have created a number of great tasting cannabis infused beverages including soft drinks iced teas lemonade and waters Energy drinks and a CBD sports beverage are under development

Itrsquos High Timetrade Protecttrade Lemonade for RenegadestradeCrazy Goodtrade Enjoy the Triptrade

HIGH CASTLECOMING SOON

6

Our Beverage Brands

bull Ready-to-drink beverages and packaged beers currently represent US$1 trillion in the global market

bull The US market is greater than US$225 billion while the Canadian market is in excess of US$19 billion

bull According to some estimates the relative market for cannabis infused beverages could be 14 of the overall alcohol beverage market

$37BSPIRITS

2018

$45BCANNABIS

2018

$53BWINE

2018

ldquoConstellation Brandsrsquo US$4 billion investment in cannabis company may signal industry shakeuprdquo

ldquoCannabis stocks jump after reports that Diageo is in talks with three pot producersrdquo

ldquoAnheuser-Busch InBev partners with cannabis companyrdquo

ldquoMolson Coors enters into joint venture to develop cannabis infused beveragesrdquo

Notable News

Source Eight Capital

Figures in US$

Canadian Market

7

The Cannabis Beverage Market

bull Optimal Growing Conditions bull Established Agricultural Industry bull Free Trade Advantages bull Stable Governmentsbull Low Cost Skilled Laborbull Low Cost Cultivation

8

The Latin American Cultivation Advantage

Figures in US$ Projected financial information actual results may differ

CAPEX per FT2

$513 $205 $96 $10 ndash $15 $5 ndash $10

CanadianIndoor

United StatesIndoor

CanadianGreenhouse

Latin AmericanHoop-House

Latin AmericanOutdoor

Cost per Gram of Dry Flower$050 ndash $230 $005 ndash $020

United States amp Canada

Latin America

1 ounce = 2835 grams1 m2 = 1076 ft2

9

Our Low Cost Cultivation Strategy

We will grow cannabis in low cost countries in open-fields for CBD and in inexpensive hoop-houses for THC

Our 3000 ft2 (~278m2) THC hoop-houses are low cost semi-passive greenhouses designed to minimize expensive energy use by maximizing natural energy utilization We employ natural systems to further reduce production costs

HOOP-HOUSE GREENHOUSE

CONVENTIONAL GREENHOUSE

LIGHTING Sun Electrical

HEATING amp COOLING Sun Convection Airflow Electrical Fossil Fuels

VENTILATION Fans Wind Forced Air

PEST amp DISEASE CONTROL Insects Biocontrols Pesticides Fungicides

FERTILIZERS Optimized by Microbes Expensive Products

SOIL Native Soil (re-use) Soil-less Media (limited re-use)

FRONT SIDE

10

Our Hoop-Houses

XEBRArsquos business plan evaluated three capital expenditure scenarios low medium and high The above figures assume the ldquohighrdquo scenario

Projected Initial Capital Expenditures US$

Hoop-houses ~1 hectare $1285000

Processing Equipment (not a recurring cost) 950000

Total Initial Capital Expenditures (1st Hectare) $2235000

Projected Capital Expenditures per Additional Hectare $1285000

Projected Initial Capital Expenditures US$

Building Machinery amp Equipment ~1 hectare $25000

Processing Equipment (not a recurring cost) 950000

Total Initial Capital Expenditures (1st Hectare) $975000

Projected Capital Expenditures per Additional Hectare $ insignificant

Hoop-house Cultivation and Processingto a Refined THC Extract

Outdoor Cultivation and Processingto a Refined CBD Extract

11

Latin American Cultivation CAPEX

Canopy Growth$61B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Aphria$10B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Organigram$297M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Cronos$23B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Tilray$926M

1048675 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Aurora$10B

1048672 Chile1048672 Colombia1048672 Mexico1048675 Uruguay

Hexo$187M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

The Green Organic Dutchman$63M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Medicine Man$78M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Auxly$198M

1048672 Chile1048672 Colombia1048672 Mexico1048675 Uruguay

Cannabis cultivators will introduce low cost Latin American operations in order to ensure their long-term survival

Curaleaf$23B

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Cresco Labs$891M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Market Capitalization in $US as at April 27 2020

12

Lack of Low Cost Cultivation of Major Cannabis Companies

Our breeding facilities will be located in Guasca and our 14

hectare cultivation property will be located in Zipaquiraacute mdash the sites

are 1 to 15 hours from Bogota international airport

13

Cannabis Regulations in Colombia

We hold licenses to cultivateand process cannabis in Colombia

bull Colombia legalized the use and production of medical cannabis in 2016

bull The UN awarded Colombia 21 of global THC cannabis production for 2020

bull Large-scale commercial production commenced in 2020

All progress on cannabis legalization in Mexico has been made via Supreme Court constitutional challenges

Supreme Court grants the first constitutional injunction in favor of 5

individuals enabling them to possess cannabis for personal consumption

Legal framework for medical cannabis products

Supreme Court declares cannabis prohibition unconstitutional and

orders Congress to reform

Following grant of another constitutional injunction Supreme

Court orders drafting of comprehensive regulations for medical cannabis

Anticipated grant of constitutional

injunction to Xebra

Deadline for draft of cannabis legal

framework

2014NOVEMBER

2017JUNE

2019FEBRUARY

2019AUGUST

2020OCTOBER

2020DECEMBER

14

Cannabis Regulations in Mexico

bull FACT As agricultural products ldquocommoditizerdquo industrial-scale farming shifts to countries with low-cost land and labor

bull FACT The NAFTA free trade agreement (now called USMCA) was devastating to Canadian and US agricultural production

bull FACT The cut-flower industry for example has been decimated post-NAFTA ~85 of cut-flowers in Canada and the US are now imported (ironically Californiarsquos cut-flower greenhouses were occupied by cannabis growers)

bull Some argue that the Canadian and US governments will protect cannabis growers but is it really different this time No There are no exemptions or carve-outs under USMCA for cannabis

bull Because of the US 2018 Farm Bill after Mexico legalizes (expected December 2020) the majority of CBD derived from hemp will be imported from Mexico

bull ldquoWhenrdquo not ldquoifrdquo the US removes THC as a Schedule 1 drug the majority of industrial-scale cannabis derivatives (THC CBD CBG etc) will be imported from Mexico

15

Impact of Mexican Legalization on the US and Canada

Mexican tobacco law prohibits the sale of vaping products

However three companies have previously been granted legal interpretations by Mexican authorities (the Mexican FDA)

to import and commercialize vaping devices as long as the hardware and the juice are sold separately They are

Philip Morris British American Tobacco andhellip Xebra

16

Cannabis Vaping First Mover in Mexico

Our Cannabis Business Model

Latin American Sales and for

Export

Production of Cannabis

Beverages and other Products

Cultivate and process Cannabis in

Colombia and Mexico

17

Q2 2020Complete all brand and formulation development

Q3 2021Sales of CBD products

Q3 2020Complete all trademark applications covering 46 countries

Q4 2021Sales from first harvests

Q1 2021Sales of vaping products

Q4 2021Sales of beverages

Q2 2021Initiate cultivation

18

Dates and objectives are plans only actual results may vary

Our Projected Path to Revenue

Todd Dalotto PresidentHorticultural scientist and cannabis breeder Was instrumental in the drafting of Oregonrsquos medical marijuana legislation

Robert Giustra ChairmanActively engaged in venture capital and in founding funding and listing publicly traded companies for 28 years

Jordi Chemonte DirectorFounded several successful enterprises in Mexico Former CEO of Elements Bioscience a first-mover in Mexican cannabis

Jorge Martiacutenez COOOver 25 years of experience in venture capital Specialized in operational and management efficiencies

Andrew Yau CFOHas been in accounting and finance roles with publicly listed companies for 14 years

Rodrigo Gallardo Country Manager MexicoCorporate lawyer and business executive He was vital in the success of a number of Mexican start-up business ventures

Diego Chiguachi Colombia Chief Agronomist amp BreederAgro-engineer specialized in genetics Managed agricultural projects for the United Nations and for indigenous communities

Emisel Fonseca Food ScientistA food scientist and biotechnology engineer Is the head of a Mexican cosmetics and dietary supplements manufacturing company

Todd Dalotto President mdash FULL BIO

Mr Dalotto is a horticultural scientist public policy consultant and court-qualified expert witness specializing in cannabis He breeds and conducts horticultural research and consults businesses on the horticultural science and public policy of cannabis His research objectives over the past twenty years include breeding of in-bred lines morphology sustainable practices semi-passive greenhouse production and mutualisms Todd has a horticultural research degree with emphasis on sustainable agriculture and plant breeding from Oregon State University is former Chair of the Oregon Health Authorityrsquos Advisory Committee on Medical Marijuana (ACMM) as well as the ACMMrsquos Horticulture Research amp Safety Committee has served on various legislative and rules advisory committees for the State of Oregon and helped draft the regulations for Oregonrsquos Medical Marijuana Dispensary Program and he founded Oregonrsquos first cannabis medical clinic education amp support center

19

Our Team

As at May 1 2020

Shares Outstanding 100499318Stock Options nilWarrants nil

Debt nil

20

Our Capital Structure

xebrabrandscom

Page 3: May 2020market. • The U.S. market is greater than US$225 billion while the Canadian market is in excess of US$19 billion. • According to some estimates, the relative market for

Cannabis cultivation in the US and Canada is financially unsustainable

A brand is the single most important investment a business can make

The ultimate brand strategy is to increase value with intellectual property

2 31

We are a cannabis cultivation and product company with global brands and intellectual property Our verticals

cover wellness and leisure and include beverages

3

We Have Filed the Equivalent of 414 Trademark Applications for Our Brands in 46 Countries

Our genetic seed library includes 144 cannabis cultivars amp breeding lines

CANNABISLegalized

in about 30 countries

CANNABISDecriminalized in an additional

20 countries

GLOBAL

US$1039Billion

NORTH AMERICA

US$473Billion

EUROPE

US$391Billion

LATAM amp CARIBBEAN

US$91Billion

Market Projections for 2024

High THC bull High CBD bull Balanced THCCBD bull High CBG

Clear and Flavorless bull Shelf Stable bull Scalable bull Highly BioavailableWe have licensed intellectual property to render cannabis water soluble

Source Prohibition Partners 4

We have applied for authorizations to manufacture and sell our Elements CBD wellness products

bull CBD Warming Spray

bull CBD Cooling Spray

bull CBD Massage Oil

bull CBD Edible Body Cream

bull CBD Lip Balm

bull CBD Roll-on Cream

bull CBD Intimate Lubricant

bull CBD Talc

bull CBD Capsules

bull CBD Tinctures

bull CBD Balm

bull CBD Cream

5

Our CBD Wellness Brand

We have created a number of great tasting cannabis infused beverages including soft drinks iced teas lemonade and waters Energy drinks and a CBD sports beverage are under development

Itrsquos High Timetrade Protecttrade Lemonade for RenegadestradeCrazy Goodtrade Enjoy the Triptrade

HIGH CASTLECOMING SOON

6

Our Beverage Brands

bull Ready-to-drink beverages and packaged beers currently represent US$1 trillion in the global market

bull The US market is greater than US$225 billion while the Canadian market is in excess of US$19 billion

bull According to some estimates the relative market for cannabis infused beverages could be 14 of the overall alcohol beverage market

$37BSPIRITS

2018

$45BCANNABIS

2018

$53BWINE

2018

ldquoConstellation Brandsrsquo US$4 billion investment in cannabis company may signal industry shakeuprdquo

ldquoCannabis stocks jump after reports that Diageo is in talks with three pot producersrdquo

ldquoAnheuser-Busch InBev partners with cannabis companyrdquo

ldquoMolson Coors enters into joint venture to develop cannabis infused beveragesrdquo

Notable News

Source Eight Capital

Figures in US$

Canadian Market

7

The Cannabis Beverage Market

bull Optimal Growing Conditions bull Established Agricultural Industry bull Free Trade Advantages bull Stable Governmentsbull Low Cost Skilled Laborbull Low Cost Cultivation

8

The Latin American Cultivation Advantage

Figures in US$ Projected financial information actual results may differ

CAPEX per FT2

$513 $205 $96 $10 ndash $15 $5 ndash $10

CanadianIndoor

United StatesIndoor

CanadianGreenhouse

Latin AmericanHoop-House

Latin AmericanOutdoor

Cost per Gram of Dry Flower$050 ndash $230 $005 ndash $020

United States amp Canada

Latin America

1 ounce = 2835 grams1 m2 = 1076 ft2

9

Our Low Cost Cultivation Strategy

We will grow cannabis in low cost countries in open-fields for CBD and in inexpensive hoop-houses for THC

Our 3000 ft2 (~278m2) THC hoop-houses are low cost semi-passive greenhouses designed to minimize expensive energy use by maximizing natural energy utilization We employ natural systems to further reduce production costs

HOOP-HOUSE GREENHOUSE

CONVENTIONAL GREENHOUSE

LIGHTING Sun Electrical

HEATING amp COOLING Sun Convection Airflow Electrical Fossil Fuels

VENTILATION Fans Wind Forced Air

PEST amp DISEASE CONTROL Insects Biocontrols Pesticides Fungicides

FERTILIZERS Optimized by Microbes Expensive Products

SOIL Native Soil (re-use) Soil-less Media (limited re-use)

FRONT SIDE

10

Our Hoop-Houses

XEBRArsquos business plan evaluated three capital expenditure scenarios low medium and high The above figures assume the ldquohighrdquo scenario

Projected Initial Capital Expenditures US$

Hoop-houses ~1 hectare $1285000

Processing Equipment (not a recurring cost) 950000

Total Initial Capital Expenditures (1st Hectare) $2235000

Projected Capital Expenditures per Additional Hectare $1285000

Projected Initial Capital Expenditures US$

Building Machinery amp Equipment ~1 hectare $25000

Processing Equipment (not a recurring cost) 950000

Total Initial Capital Expenditures (1st Hectare) $975000

Projected Capital Expenditures per Additional Hectare $ insignificant

Hoop-house Cultivation and Processingto a Refined THC Extract

Outdoor Cultivation and Processingto a Refined CBD Extract

11

Latin American Cultivation CAPEX

Canopy Growth$61B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Aphria$10B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Organigram$297M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Cronos$23B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Tilray$926M

1048675 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Aurora$10B

1048672 Chile1048672 Colombia1048672 Mexico1048675 Uruguay

Hexo$187M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

The Green Organic Dutchman$63M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Medicine Man$78M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Auxly$198M

1048672 Chile1048672 Colombia1048672 Mexico1048675 Uruguay

Cannabis cultivators will introduce low cost Latin American operations in order to ensure their long-term survival

Curaleaf$23B

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Cresco Labs$891M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Market Capitalization in $US as at April 27 2020

12

Lack of Low Cost Cultivation of Major Cannabis Companies

Our breeding facilities will be located in Guasca and our 14

hectare cultivation property will be located in Zipaquiraacute mdash the sites

are 1 to 15 hours from Bogota international airport

13

Cannabis Regulations in Colombia

We hold licenses to cultivateand process cannabis in Colombia

bull Colombia legalized the use and production of medical cannabis in 2016

bull The UN awarded Colombia 21 of global THC cannabis production for 2020

bull Large-scale commercial production commenced in 2020

All progress on cannabis legalization in Mexico has been made via Supreme Court constitutional challenges

Supreme Court grants the first constitutional injunction in favor of 5

individuals enabling them to possess cannabis for personal consumption

Legal framework for medical cannabis products

Supreme Court declares cannabis prohibition unconstitutional and

orders Congress to reform

Following grant of another constitutional injunction Supreme

Court orders drafting of comprehensive regulations for medical cannabis

Anticipated grant of constitutional

injunction to Xebra

Deadline for draft of cannabis legal

framework

2014NOVEMBER

2017JUNE

2019FEBRUARY

2019AUGUST

2020OCTOBER

2020DECEMBER

14

Cannabis Regulations in Mexico

bull FACT As agricultural products ldquocommoditizerdquo industrial-scale farming shifts to countries with low-cost land and labor

bull FACT The NAFTA free trade agreement (now called USMCA) was devastating to Canadian and US agricultural production

bull FACT The cut-flower industry for example has been decimated post-NAFTA ~85 of cut-flowers in Canada and the US are now imported (ironically Californiarsquos cut-flower greenhouses were occupied by cannabis growers)

bull Some argue that the Canadian and US governments will protect cannabis growers but is it really different this time No There are no exemptions or carve-outs under USMCA for cannabis

bull Because of the US 2018 Farm Bill after Mexico legalizes (expected December 2020) the majority of CBD derived from hemp will be imported from Mexico

bull ldquoWhenrdquo not ldquoifrdquo the US removes THC as a Schedule 1 drug the majority of industrial-scale cannabis derivatives (THC CBD CBG etc) will be imported from Mexico

15

Impact of Mexican Legalization on the US and Canada

Mexican tobacco law prohibits the sale of vaping products

However three companies have previously been granted legal interpretations by Mexican authorities (the Mexican FDA)

to import and commercialize vaping devices as long as the hardware and the juice are sold separately They are

Philip Morris British American Tobacco andhellip Xebra

16

Cannabis Vaping First Mover in Mexico

Our Cannabis Business Model

Latin American Sales and for

Export

Production of Cannabis

Beverages and other Products

Cultivate and process Cannabis in

Colombia and Mexico

17

Q2 2020Complete all brand and formulation development

Q3 2021Sales of CBD products

Q3 2020Complete all trademark applications covering 46 countries

Q4 2021Sales from first harvests

Q1 2021Sales of vaping products

Q4 2021Sales of beverages

Q2 2021Initiate cultivation

18

Dates and objectives are plans only actual results may vary

Our Projected Path to Revenue

Todd Dalotto PresidentHorticultural scientist and cannabis breeder Was instrumental in the drafting of Oregonrsquos medical marijuana legislation

Robert Giustra ChairmanActively engaged in venture capital and in founding funding and listing publicly traded companies for 28 years

Jordi Chemonte DirectorFounded several successful enterprises in Mexico Former CEO of Elements Bioscience a first-mover in Mexican cannabis

Jorge Martiacutenez COOOver 25 years of experience in venture capital Specialized in operational and management efficiencies

Andrew Yau CFOHas been in accounting and finance roles with publicly listed companies for 14 years

Rodrigo Gallardo Country Manager MexicoCorporate lawyer and business executive He was vital in the success of a number of Mexican start-up business ventures

Diego Chiguachi Colombia Chief Agronomist amp BreederAgro-engineer specialized in genetics Managed agricultural projects for the United Nations and for indigenous communities

Emisel Fonseca Food ScientistA food scientist and biotechnology engineer Is the head of a Mexican cosmetics and dietary supplements manufacturing company

Todd Dalotto President mdash FULL BIO

Mr Dalotto is a horticultural scientist public policy consultant and court-qualified expert witness specializing in cannabis He breeds and conducts horticultural research and consults businesses on the horticultural science and public policy of cannabis His research objectives over the past twenty years include breeding of in-bred lines morphology sustainable practices semi-passive greenhouse production and mutualisms Todd has a horticultural research degree with emphasis on sustainable agriculture and plant breeding from Oregon State University is former Chair of the Oregon Health Authorityrsquos Advisory Committee on Medical Marijuana (ACMM) as well as the ACMMrsquos Horticulture Research amp Safety Committee has served on various legislative and rules advisory committees for the State of Oregon and helped draft the regulations for Oregonrsquos Medical Marijuana Dispensary Program and he founded Oregonrsquos first cannabis medical clinic education amp support center

19

Our Team

As at May 1 2020

Shares Outstanding 100499318Stock Options nilWarrants nil

Debt nil

20

Our Capital Structure

xebrabrandscom

Page 4: May 2020market. • The U.S. market is greater than US$225 billion while the Canadian market is in excess of US$19 billion. • According to some estimates, the relative market for

We Have Filed the Equivalent of 414 Trademark Applications for Our Brands in 46 Countries

Our genetic seed library includes 144 cannabis cultivars amp breeding lines

CANNABISLegalized

in about 30 countries

CANNABISDecriminalized in an additional

20 countries

GLOBAL

US$1039Billion

NORTH AMERICA

US$473Billion

EUROPE

US$391Billion

LATAM amp CARIBBEAN

US$91Billion

Market Projections for 2024

High THC bull High CBD bull Balanced THCCBD bull High CBG

Clear and Flavorless bull Shelf Stable bull Scalable bull Highly BioavailableWe have licensed intellectual property to render cannabis water soluble

Source Prohibition Partners 4

We have applied for authorizations to manufacture and sell our Elements CBD wellness products

bull CBD Warming Spray

bull CBD Cooling Spray

bull CBD Massage Oil

bull CBD Edible Body Cream

bull CBD Lip Balm

bull CBD Roll-on Cream

bull CBD Intimate Lubricant

bull CBD Talc

bull CBD Capsules

bull CBD Tinctures

bull CBD Balm

bull CBD Cream

5

Our CBD Wellness Brand

We have created a number of great tasting cannabis infused beverages including soft drinks iced teas lemonade and waters Energy drinks and a CBD sports beverage are under development

Itrsquos High Timetrade Protecttrade Lemonade for RenegadestradeCrazy Goodtrade Enjoy the Triptrade

HIGH CASTLECOMING SOON

6

Our Beverage Brands

bull Ready-to-drink beverages and packaged beers currently represent US$1 trillion in the global market

bull The US market is greater than US$225 billion while the Canadian market is in excess of US$19 billion

bull According to some estimates the relative market for cannabis infused beverages could be 14 of the overall alcohol beverage market

$37BSPIRITS

2018

$45BCANNABIS

2018

$53BWINE

2018

ldquoConstellation Brandsrsquo US$4 billion investment in cannabis company may signal industry shakeuprdquo

ldquoCannabis stocks jump after reports that Diageo is in talks with three pot producersrdquo

ldquoAnheuser-Busch InBev partners with cannabis companyrdquo

ldquoMolson Coors enters into joint venture to develop cannabis infused beveragesrdquo

Notable News

Source Eight Capital

Figures in US$

Canadian Market

7

The Cannabis Beverage Market

bull Optimal Growing Conditions bull Established Agricultural Industry bull Free Trade Advantages bull Stable Governmentsbull Low Cost Skilled Laborbull Low Cost Cultivation

8

The Latin American Cultivation Advantage

Figures in US$ Projected financial information actual results may differ

CAPEX per FT2

$513 $205 $96 $10 ndash $15 $5 ndash $10

CanadianIndoor

United StatesIndoor

CanadianGreenhouse

Latin AmericanHoop-House

Latin AmericanOutdoor

Cost per Gram of Dry Flower$050 ndash $230 $005 ndash $020

United States amp Canada

Latin America

1 ounce = 2835 grams1 m2 = 1076 ft2

9

Our Low Cost Cultivation Strategy

We will grow cannabis in low cost countries in open-fields for CBD and in inexpensive hoop-houses for THC

Our 3000 ft2 (~278m2) THC hoop-houses are low cost semi-passive greenhouses designed to minimize expensive energy use by maximizing natural energy utilization We employ natural systems to further reduce production costs

HOOP-HOUSE GREENHOUSE

CONVENTIONAL GREENHOUSE

LIGHTING Sun Electrical

HEATING amp COOLING Sun Convection Airflow Electrical Fossil Fuels

VENTILATION Fans Wind Forced Air

PEST amp DISEASE CONTROL Insects Biocontrols Pesticides Fungicides

FERTILIZERS Optimized by Microbes Expensive Products

SOIL Native Soil (re-use) Soil-less Media (limited re-use)

FRONT SIDE

10

Our Hoop-Houses

XEBRArsquos business plan evaluated three capital expenditure scenarios low medium and high The above figures assume the ldquohighrdquo scenario

Projected Initial Capital Expenditures US$

Hoop-houses ~1 hectare $1285000

Processing Equipment (not a recurring cost) 950000

Total Initial Capital Expenditures (1st Hectare) $2235000

Projected Capital Expenditures per Additional Hectare $1285000

Projected Initial Capital Expenditures US$

Building Machinery amp Equipment ~1 hectare $25000

Processing Equipment (not a recurring cost) 950000

Total Initial Capital Expenditures (1st Hectare) $975000

Projected Capital Expenditures per Additional Hectare $ insignificant

Hoop-house Cultivation and Processingto a Refined THC Extract

Outdoor Cultivation and Processingto a Refined CBD Extract

11

Latin American Cultivation CAPEX

Canopy Growth$61B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Aphria$10B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Organigram$297M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Cronos$23B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Tilray$926M

1048675 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Aurora$10B

1048672 Chile1048672 Colombia1048672 Mexico1048675 Uruguay

Hexo$187M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

The Green Organic Dutchman$63M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Medicine Man$78M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Auxly$198M

1048672 Chile1048672 Colombia1048672 Mexico1048675 Uruguay

Cannabis cultivators will introduce low cost Latin American operations in order to ensure their long-term survival

Curaleaf$23B

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Cresco Labs$891M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Market Capitalization in $US as at April 27 2020

12

Lack of Low Cost Cultivation of Major Cannabis Companies

Our breeding facilities will be located in Guasca and our 14

hectare cultivation property will be located in Zipaquiraacute mdash the sites

are 1 to 15 hours from Bogota international airport

13

Cannabis Regulations in Colombia

We hold licenses to cultivateand process cannabis in Colombia

bull Colombia legalized the use and production of medical cannabis in 2016

bull The UN awarded Colombia 21 of global THC cannabis production for 2020

bull Large-scale commercial production commenced in 2020

All progress on cannabis legalization in Mexico has been made via Supreme Court constitutional challenges

Supreme Court grants the first constitutional injunction in favor of 5

individuals enabling them to possess cannabis for personal consumption

Legal framework for medical cannabis products

Supreme Court declares cannabis prohibition unconstitutional and

orders Congress to reform

Following grant of another constitutional injunction Supreme

Court orders drafting of comprehensive regulations for medical cannabis

Anticipated grant of constitutional

injunction to Xebra

Deadline for draft of cannabis legal

framework

2014NOVEMBER

2017JUNE

2019FEBRUARY

2019AUGUST

2020OCTOBER

2020DECEMBER

14

Cannabis Regulations in Mexico

bull FACT As agricultural products ldquocommoditizerdquo industrial-scale farming shifts to countries with low-cost land and labor

bull FACT The NAFTA free trade agreement (now called USMCA) was devastating to Canadian and US agricultural production

bull FACT The cut-flower industry for example has been decimated post-NAFTA ~85 of cut-flowers in Canada and the US are now imported (ironically Californiarsquos cut-flower greenhouses were occupied by cannabis growers)

bull Some argue that the Canadian and US governments will protect cannabis growers but is it really different this time No There are no exemptions or carve-outs under USMCA for cannabis

bull Because of the US 2018 Farm Bill after Mexico legalizes (expected December 2020) the majority of CBD derived from hemp will be imported from Mexico

bull ldquoWhenrdquo not ldquoifrdquo the US removes THC as a Schedule 1 drug the majority of industrial-scale cannabis derivatives (THC CBD CBG etc) will be imported from Mexico

15

Impact of Mexican Legalization on the US and Canada

Mexican tobacco law prohibits the sale of vaping products

However three companies have previously been granted legal interpretations by Mexican authorities (the Mexican FDA)

to import and commercialize vaping devices as long as the hardware and the juice are sold separately They are

Philip Morris British American Tobacco andhellip Xebra

16

Cannabis Vaping First Mover in Mexico

Our Cannabis Business Model

Latin American Sales and for

Export

Production of Cannabis

Beverages and other Products

Cultivate and process Cannabis in

Colombia and Mexico

17

Q2 2020Complete all brand and formulation development

Q3 2021Sales of CBD products

Q3 2020Complete all trademark applications covering 46 countries

Q4 2021Sales from first harvests

Q1 2021Sales of vaping products

Q4 2021Sales of beverages

Q2 2021Initiate cultivation

18

Dates and objectives are plans only actual results may vary

Our Projected Path to Revenue

Todd Dalotto PresidentHorticultural scientist and cannabis breeder Was instrumental in the drafting of Oregonrsquos medical marijuana legislation

Robert Giustra ChairmanActively engaged in venture capital and in founding funding and listing publicly traded companies for 28 years

Jordi Chemonte DirectorFounded several successful enterprises in Mexico Former CEO of Elements Bioscience a first-mover in Mexican cannabis

Jorge Martiacutenez COOOver 25 years of experience in venture capital Specialized in operational and management efficiencies

Andrew Yau CFOHas been in accounting and finance roles with publicly listed companies for 14 years

Rodrigo Gallardo Country Manager MexicoCorporate lawyer and business executive He was vital in the success of a number of Mexican start-up business ventures

Diego Chiguachi Colombia Chief Agronomist amp BreederAgro-engineer specialized in genetics Managed agricultural projects for the United Nations and for indigenous communities

Emisel Fonseca Food ScientistA food scientist and biotechnology engineer Is the head of a Mexican cosmetics and dietary supplements manufacturing company

Todd Dalotto President mdash FULL BIO

Mr Dalotto is a horticultural scientist public policy consultant and court-qualified expert witness specializing in cannabis He breeds and conducts horticultural research and consults businesses on the horticultural science and public policy of cannabis His research objectives over the past twenty years include breeding of in-bred lines morphology sustainable practices semi-passive greenhouse production and mutualisms Todd has a horticultural research degree with emphasis on sustainable agriculture and plant breeding from Oregon State University is former Chair of the Oregon Health Authorityrsquos Advisory Committee on Medical Marijuana (ACMM) as well as the ACMMrsquos Horticulture Research amp Safety Committee has served on various legislative and rules advisory committees for the State of Oregon and helped draft the regulations for Oregonrsquos Medical Marijuana Dispensary Program and he founded Oregonrsquos first cannabis medical clinic education amp support center

19

Our Team

As at May 1 2020

Shares Outstanding 100499318Stock Options nilWarrants nil

Debt nil

20

Our Capital Structure

xebrabrandscom

Page 5: May 2020market. • The U.S. market is greater than US$225 billion while the Canadian market is in excess of US$19 billion. • According to some estimates, the relative market for

We have applied for authorizations to manufacture and sell our Elements CBD wellness products

bull CBD Warming Spray

bull CBD Cooling Spray

bull CBD Massage Oil

bull CBD Edible Body Cream

bull CBD Lip Balm

bull CBD Roll-on Cream

bull CBD Intimate Lubricant

bull CBD Talc

bull CBD Capsules

bull CBD Tinctures

bull CBD Balm

bull CBD Cream

5

Our CBD Wellness Brand

We have created a number of great tasting cannabis infused beverages including soft drinks iced teas lemonade and waters Energy drinks and a CBD sports beverage are under development

Itrsquos High Timetrade Protecttrade Lemonade for RenegadestradeCrazy Goodtrade Enjoy the Triptrade

HIGH CASTLECOMING SOON

6

Our Beverage Brands

bull Ready-to-drink beverages and packaged beers currently represent US$1 trillion in the global market

bull The US market is greater than US$225 billion while the Canadian market is in excess of US$19 billion

bull According to some estimates the relative market for cannabis infused beverages could be 14 of the overall alcohol beverage market

$37BSPIRITS

2018

$45BCANNABIS

2018

$53BWINE

2018

ldquoConstellation Brandsrsquo US$4 billion investment in cannabis company may signal industry shakeuprdquo

ldquoCannabis stocks jump after reports that Diageo is in talks with three pot producersrdquo

ldquoAnheuser-Busch InBev partners with cannabis companyrdquo

ldquoMolson Coors enters into joint venture to develop cannabis infused beveragesrdquo

Notable News

Source Eight Capital

Figures in US$

Canadian Market

7

The Cannabis Beverage Market

bull Optimal Growing Conditions bull Established Agricultural Industry bull Free Trade Advantages bull Stable Governmentsbull Low Cost Skilled Laborbull Low Cost Cultivation

8

The Latin American Cultivation Advantage

Figures in US$ Projected financial information actual results may differ

CAPEX per FT2

$513 $205 $96 $10 ndash $15 $5 ndash $10

CanadianIndoor

United StatesIndoor

CanadianGreenhouse

Latin AmericanHoop-House

Latin AmericanOutdoor

Cost per Gram of Dry Flower$050 ndash $230 $005 ndash $020

United States amp Canada

Latin America

1 ounce = 2835 grams1 m2 = 1076 ft2

9

Our Low Cost Cultivation Strategy

We will grow cannabis in low cost countries in open-fields for CBD and in inexpensive hoop-houses for THC

Our 3000 ft2 (~278m2) THC hoop-houses are low cost semi-passive greenhouses designed to minimize expensive energy use by maximizing natural energy utilization We employ natural systems to further reduce production costs

HOOP-HOUSE GREENHOUSE

CONVENTIONAL GREENHOUSE

LIGHTING Sun Electrical

HEATING amp COOLING Sun Convection Airflow Electrical Fossil Fuels

VENTILATION Fans Wind Forced Air

PEST amp DISEASE CONTROL Insects Biocontrols Pesticides Fungicides

FERTILIZERS Optimized by Microbes Expensive Products

SOIL Native Soil (re-use) Soil-less Media (limited re-use)

FRONT SIDE

10

Our Hoop-Houses

XEBRArsquos business plan evaluated three capital expenditure scenarios low medium and high The above figures assume the ldquohighrdquo scenario

Projected Initial Capital Expenditures US$

Hoop-houses ~1 hectare $1285000

Processing Equipment (not a recurring cost) 950000

Total Initial Capital Expenditures (1st Hectare) $2235000

Projected Capital Expenditures per Additional Hectare $1285000

Projected Initial Capital Expenditures US$

Building Machinery amp Equipment ~1 hectare $25000

Processing Equipment (not a recurring cost) 950000

Total Initial Capital Expenditures (1st Hectare) $975000

Projected Capital Expenditures per Additional Hectare $ insignificant

Hoop-house Cultivation and Processingto a Refined THC Extract

Outdoor Cultivation and Processingto a Refined CBD Extract

11

Latin American Cultivation CAPEX

Canopy Growth$61B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Aphria$10B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Organigram$297M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Cronos$23B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Tilray$926M

1048675 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Aurora$10B

1048672 Chile1048672 Colombia1048672 Mexico1048675 Uruguay

Hexo$187M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

The Green Organic Dutchman$63M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Medicine Man$78M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Auxly$198M

1048672 Chile1048672 Colombia1048672 Mexico1048675 Uruguay

Cannabis cultivators will introduce low cost Latin American operations in order to ensure their long-term survival

Curaleaf$23B

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Cresco Labs$891M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Market Capitalization in $US as at April 27 2020

12

Lack of Low Cost Cultivation of Major Cannabis Companies

Our breeding facilities will be located in Guasca and our 14

hectare cultivation property will be located in Zipaquiraacute mdash the sites

are 1 to 15 hours from Bogota international airport

13

Cannabis Regulations in Colombia

We hold licenses to cultivateand process cannabis in Colombia

bull Colombia legalized the use and production of medical cannabis in 2016

bull The UN awarded Colombia 21 of global THC cannabis production for 2020

bull Large-scale commercial production commenced in 2020

All progress on cannabis legalization in Mexico has been made via Supreme Court constitutional challenges

Supreme Court grants the first constitutional injunction in favor of 5

individuals enabling them to possess cannabis for personal consumption

Legal framework for medical cannabis products

Supreme Court declares cannabis prohibition unconstitutional and

orders Congress to reform

Following grant of another constitutional injunction Supreme

Court orders drafting of comprehensive regulations for medical cannabis

Anticipated grant of constitutional

injunction to Xebra

Deadline for draft of cannabis legal

framework

2014NOVEMBER

2017JUNE

2019FEBRUARY

2019AUGUST

2020OCTOBER

2020DECEMBER

14

Cannabis Regulations in Mexico

bull FACT As agricultural products ldquocommoditizerdquo industrial-scale farming shifts to countries with low-cost land and labor

bull FACT The NAFTA free trade agreement (now called USMCA) was devastating to Canadian and US agricultural production

bull FACT The cut-flower industry for example has been decimated post-NAFTA ~85 of cut-flowers in Canada and the US are now imported (ironically Californiarsquos cut-flower greenhouses were occupied by cannabis growers)

bull Some argue that the Canadian and US governments will protect cannabis growers but is it really different this time No There are no exemptions or carve-outs under USMCA for cannabis

bull Because of the US 2018 Farm Bill after Mexico legalizes (expected December 2020) the majority of CBD derived from hemp will be imported from Mexico

bull ldquoWhenrdquo not ldquoifrdquo the US removes THC as a Schedule 1 drug the majority of industrial-scale cannabis derivatives (THC CBD CBG etc) will be imported from Mexico

15

Impact of Mexican Legalization on the US and Canada

Mexican tobacco law prohibits the sale of vaping products

However three companies have previously been granted legal interpretations by Mexican authorities (the Mexican FDA)

to import and commercialize vaping devices as long as the hardware and the juice are sold separately They are

Philip Morris British American Tobacco andhellip Xebra

16

Cannabis Vaping First Mover in Mexico

Our Cannabis Business Model

Latin American Sales and for

Export

Production of Cannabis

Beverages and other Products

Cultivate and process Cannabis in

Colombia and Mexico

17

Q2 2020Complete all brand and formulation development

Q3 2021Sales of CBD products

Q3 2020Complete all trademark applications covering 46 countries

Q4 2021Sales from first harvests

Q1 2021Sales of vaping products

Q4 2021Sales of beverages

Q2 2021Initiate cultivation

18

Dates and objectives are plans only actual results may vary

Our Projected Path to Revenue

Todd Dalotto PresidentHorticultural scientist and cannabis breeder Was instrumental in the drafting of Oregonrsquos medical marijuana legislation

Robert Giustra ChairmanActively engaged in venture capital and in founding funding and listing publicly traded companies for 28 years

Jordi Chemonte DirectorFounded several successful enterprises in Mexico Former CEO of Elements Bioscience a first-mover in Mexican cannabis

Jorge Martiacutenez COOOver 25 years of experience in venture capital Specialized in operational and management efficiencies

Andrew Yau CFOHas been in accounting and finance roles with publicly listed companies for 14 years

Rodrigo Gallardo Country Manager MexicoCorporate lawyer and business executive He was vital in the success of a number of Mexican start-up business ventures

Diego Chiguachi Colombia Chief Agronomist amp BreederAgro-engineer specialized in genetics Managed agricultural projects for the United Nations and for indigenous communities

Emisel Fonseca Food ScientistA food scientist and biotechnology engineer Is the head of a Mexican cosmetics and dietary supplements manufacturing company

Todd Dalotto President mdash FULL BIO

Mr Dalotto is a horticultural scientist public policy consultant and court-qualified expert witness specializing in cannabis He breeds and conducts horticultural research and consults businesses on the horticultural science and public policy of cannabis His research objectives over the past twenty years include breeding of in-bred lines morphology sustainable practices semi-passive greenhouse production and mutualisms Todd has a horticultural research degree with emphasis on sustainable agriculture and plant breeding from Oregon State University is former Chair of the Oregon Health Authorityrsquos Advisory Committee on Medical Marijuana (ACMM) as well as the ACMMrsquos Horticulture Research amp Safety Committee has served on various legislative and rules advisory committees for the State of Oregon and helped draft the regulations for Oregonrsquos Medical Marijuana Dispensary Program and he founded Oregonrsquos first cannabis medical clinic education amp support center

19

Our Team

As at May 1 2020

Shares Outstanding 100499318Stock Options nilWarrants nil

Debt nil

20

Our Capital Structure

xebrabrandscom

Page 6: May 2020market. • The U.S. market is greater than US$225 billion while the Canadian market is in excess of US$19 billion. • According to some estimates, the relative market for

We have created a number of great tasting cannabis infused beverages including soft drinks iced teas lemonade and waters Energy drinks and a CBD sports beverage are under development

Itrsquos High Timetrade Protecttrade Lemonade for RenegadestradeCrazy Goodtrade Enjoy the Triptrade

HIGH CASTLECOMING SOON

6

Our Beverage Brands

bull Ready-to-drink beverages and packaged beers currently represent US$1 trillion in the global market

bull The US market is greater than US$225 billion while the Canadian market is in excess of US$19 billion

bull According to some estimates the relative market for cannabis infused beverages could be 14 of the overall alcohol beverage market

$37BSPIRITS

2018

$45BCANNABIS

2018

$53BWINE

2018

ldquoConstellation Brandsrsquo US$4 billion investment in cannabis company may signal industry shakeuprdquo

ldquoCannabis stocks jump after reports that Diageo is in talks with three pot producersrdquo

ldquoAnheuser-Busch InBev partners with cannabis companyrdquo

ldquoMolson Coors enters into joint venture to develop cannabis infused beveragesrdquo

Notable News

Source Eight Capital

Figures in US$

Canadian Market

7

The Cannabis Beverage Market

bull Optimal Growing Conditions bull Established Agricultural Industry bull Free Trade Advantages bull Stable Governmentsbull Low Cost Skilled Laborbull Low Cost Cultivation

8

The Latin American Cultivation Advantage

Figures in US$ Projected financial information actual results may differ

CAPEX per FT2

$513 $205 $96 $10 ndash $15 $5 ndash $10

CanadianIndoor

United StatesIndoor

CanadianGreenhouse

Latin AmericanHoop-House

Latin AmericanOutdoor

Cost per Gram of Dry Flower$050 ndash $230 $005 ndash $020

United States amp Canada

Latin America

1 ounce = 2835 grams1 m2 = 1076 ft2

9

Our Low Cost Cultivation Strategy

We will grow cannabis in low cost countries in open-fields for CBD and in inexpensive hoop-houses for THC

Our 3000 ft2 (~278m2) THC hoop-houses are low cost semi-passive greenhouses designed to minimize expensive energy use by maximizing natural energy utilization We employ natural systems to further reduce production costs

HOOP-HOUSE GREENHOUSE

CONVENTIONAL GREENHOUSE

LIGHTING Sun Electrical

HEATING amp COOLING Sun Convection Airflow Electrical Fossil Fuels

VENTILATION Fans Wind Forced Air

PEST amp DISEASE CONTROL Insects Biocontrols Pesticides Fungicides

FERTILIZERS Optimized by Microbes Expensive Products

SOIL Native Soil (re-use) Soil-less Media (limited re-use)

FRONT SIDE

10

Our Hoop-Houses

XEBRArsquos business plan evaluated three capital expenditure scenarios low medium and high The above figures assume the ldquohighrdquo scenario

Projected Initial Capital Expenditures US$

Hoop-houses ~1 hectare $1285000

Processing Equipment (not a recurring cost) 950000

Total Initial Capital Expenditures (1st Hectare) $2235000

Projected Capital Expenditures per Additional Hectare $1285000

Projected Initial Capital Expenditures US$

Building Machinery amp Equipment ~1 hectare $25000

Processing Equipment (not a recurring cost) 950000

Total Initial Capital Expenditures (1st Hectare) $975000

Projected Capital Expenditures per Additional Hectare $ insignificant

Hoop-house Cultivation and Processingto a Refined THC Extract

Outdoor Cultivation and Processingto a Refined CBD Extract

11

Latin American Cultivation CAPEX

Canopy Growth$61B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Aphria$10B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Organigram$297M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Cronos$23B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Tilray$926M

1048675 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Aurora$10B

1048672 Chile1048672 Colombia1048672 Mexico1048675 Uruguay

Hexo$187M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

The Green Organic Dutchman$63M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Medicine Man$78M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Auxly$198M

1048672 Chile1048672 Colombia1048672 Mexico1048675 Uruguay

Cannabis cultivators will introduce low cost Latin American operations in order to ensure their long-term survival

Curaleaf$23B

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Cresco Labs$891M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Market Capitalization in $US as at April 27 2020

12

Lack of Low Cost Cultivation of Major Cannabis Companies

Our breeding facilities will be located in Guasca and our 14

hectare cultivation property will be located in Zipaquiraacute mdash the sites

are 1 to 15 hours from Bogota international airport

13

Cannabis Regulations in Colombia

We hold licenses to cultivateand process cannabis in Colombia

bull Colombia legalized the use and production of medical cannabis in 2016

bull The UN awarded Colombia 21 of global THC cannabis production for 2020

bull Large-scale commercial production commenced in 2020

All progress on cannabis legalization in Mexico has been made via Supreme Court constitutional challenges

Supreme Court grants the first constitutional injunction in favor of 5

individuals enabling them to possess cannabis for personal consumption

Legal framework for medical cannabis products

Supreme Court declares cannabis prohibition unconstitutional and

orders Congress to reform

Following grant of another constitutional injunction Supreme

Court orders drafting of comprehensive regulations for medical cannabis

Anticipated grant of constitutional

injunction to Xebra

Deadline for draft of cannabis legal

framework

2014NOVEMBER

2017JUNE

2019FEBRUARY

2019AUGUST

2020OCTOBER

2020DECEMBER

14

Cannabis Regulations in Mexico

bull FACT As agricultural products ldquocommoditizerdquo industrial-scale farming shifts to countries with low-cost land and labor

bull FACT The NAFTA free trade agreement (now called USMCA) was devastating to Canadian and US agricultural production

bull FACT The cut-flower industry for example has been decimated post-NAFTA ~85 of cut-flowers in Canada and the US are now imported (ironically Californiarsquos cut-flower greenhouses were occupied by cannabis growers)

bull Some argue that the Canadian and US governments will protect cannabis growers but is it really different this time No There are no exemptions or carve-outs under USMCA for cannabis

bull Because of the US 2018 Farm Bill after Mexico legalizes (expected December 2020) the majority of CBD derived from hemp will be imported from Mexico

bull ldquoWhenrdquo not ldquoifrdquo the US removes THC as a Schedule 1 drug the majority of industrial-scale cannabis derivatives (THC CBD CBG etc) will be imported from Mexico

15

Impact of Mexican Legalization on the US and Canada

Mexican tobacco law prohibits the sale of vaping products

However three companies have previously been granted legal interpretations by Mexican authorities (the Mexican FDA)

to import and commercialize vaping devices as long as the hardware and the juice are sold separately They are

Philip Morris British American Tobacco andhellip Xebra

16

Cannabis Vaping First Mover in Mexico

Our Cannabis Business Model

Latin American Sales and for

Export

Production of Cannabis

Beverages and other Products

Cultivate and process Cannabis in

Colombia and Mexico

17

Q2 2020Complete all brand and formulation development

Q3 2021Sales of CBD products

Q3 2020Complete all trademark applications covering 46 countries

Q4 2021Sales from first harvests

Q1 2021Sales of vaping products

Q4 2021Sales of beverages

Q2 2021Initiate cultivation

18

Dates and objectives are plans only actual results may vary

Our Projected Path to Revenue

Todd Dalotto PresidentHorticultural scientist and cannabis breeder Was instrumental in the drafting of Oregonrsquos medical marijuana legislation

Robert Giustra ChairmanActively engaged in venture capital and in founding funding and listing publicly traded companies for 28 years

Jordi Chemonte DirectorFounded several successful enterprises in Mexico Former CEO of Elements Bioscience a first-mover in Mexican cannabis

Jorge Martiacutenez COOOver 25 years of experience in venture capital Specialized in operational and management efficiencies

Andrew Yau CFOHas been in accounting and finance roles with publicly listed companies for 14 years

Rodrigo Gallardo Country Manager MexicoCorporate lawyer and business executive He was vital in the success of a number of Mexican start-up business ventures

Diego Chiguachi Colombia Chief Agronomist amp BreederAgro-engineer specialized in genetics Managed agricultural projects for the United Nations and for indigenous communities

Emisel Fonseca Food ScientistA food scientist and biotechnology engineer Is the head of a Mexican cosmetics and dietary supplements manufacturing company

Todd Dalotto President mdash FULL BIO

Mr Dalotto is a horticultural scientist public policy consultant and court-qualified expert witness specializing in cannabis He breeds and conducts horticultural research and consults businesses on the horticultural science and public policy of cannabis His research objectives over the past twenty years include breeding of in-bred lines morphology sustainable practices semi-passive greenhouse production and mutualisms Todd has a horticultural research degree with emphasis on sustainable agriculture and plant breeding from Oregon State University is former Chair of the Oregon Health Authorityrsquos Advisory Committee on Medical Marijuana (ACMM) as well as the ACMMrsquos Horticulture Research amp Safety Committee has served on various legislative and rules advisory committees for the State of Oregon and helped draft the regulations for Oregonrsquos Medical Marijuana Dispensary Program and he founded Oregonrsquos first cannabis medical clinic education amp support center

19

Our Team

As at May 1 2020

Shares Outstanding 100499318Stock Options nilWarrants nil

Debt nil

20

Our Capital Structure

xebrabrandscom

Page 7: May 2020market. • The U.S. market is greater than US$225 billion while the Canadian market is in excess of US$19 billion. • According to some estimates, the relative market for

bull Ready-to-drink beverages and packaged beers currently represent US$1 trillion in the global market

bull The US market is greater than US$225 billion while the Canadian market is in excess of US$19 billion

bull According to some estimates the relative market for cannabis infused beverages could be 14 of the overall alcohol beverage market

$37BSPIRITS

2018

$45BCANNABIS

2018

$53BWINE

2018

ldquoConstellation Brandsrsquo US$4 billion investment in cannabis company may signal industry shakeuprdquo

ldquoCannabis stocks jump after reports that Diageo is in talks with three pot producersrdquo

ldquoAnheuser-Busch InBev partners with cannabis companyrdquo

ldquoMolson Coors enters into joint venture to develop cannabis infused beveragesrdquo

Notable News

Source Eight Capital

Figures in US$

Canadian Market

7

The Cannabis Beverage Market

bull Optimal Growing Conditions bull Established Agricultural Industry bull Free Trade Advantages bull Stable Governmentsbull Low Cost Skilled Laborbull Low Cost Cultivation

8

The Latin American Cultivation Advantage

Figures in US$ Projected financial information actual results may differ

CAPEX per FT2

$513 $205 $96 $10 ndash $15 $5 ndash $10

CanadianIndoor

United StatesIndoor

CanadianGreenhouse

Latin AmericanHoop-House

Latin AmericanOutdoor

Cost per Gram of Dry Flower$050 ndash $230 $005 ndash $020

United States amp Canada

Latin America

1 ounce = 2835 grams1 m2 = 1076 ft2

9

Our Low Cost Cultivation Strategy

We will grow cannabis in low cost countries in open-fields for CBD and in inexpensive hoop-houses for THC

Our 3000 ft2 (~278m2) THC hoop-houses are low cost semi-passive greenhouses designed to minimize expensive energy use by maximizing natural energy utilization We employ natural systems to further reduce production costs

HOOP-HOUSE GREENHOUSE

CONVENTIONAL GREENHOUSE

LIGHTING Sun Electrical

HEATING amp COOLING Sun Convection Airflow Electrical Fossil Fuels

VENTILATION Fans Wind Forced Air

PEST amp DISEASE CONTROL Insects Biocontrols Pesticides Fungicides

FERTILIZERS Optimized by Microbes Expensive Products

SOIL Native Soil (re-use) Soil-less Media (limited re-use)

FRONT SIDE

10

Our Hoop-Houses

XEBRArsquos business plan evaluated three capital expenditure scenarios low medium and high The above figures assume the ldquohighrdquo scenario

Projected Initial Capital Expenditures US$

Hoop-houses ~1 hectare $1285000

Processing Equipment (not a recurring cost) 950000

Total Initial Capital Expenditures (1st Hectare) $2235000

Projected Capital Expenditures per Additional Hectare $1285000

Projected Initial Capital Expenditures US$

Building Machinery amp Equipment ~1 hectare $25000

Processing Equipment (not a recurring cost) 950000

Total Initial Capital Expenditures (1st Hectare) $975000

Projected Capital Expenditures per Additional Hectare $ insignificant

Hoop-house Cultivation and Processingto a Refined THC Extract

Outdoor Cultivation and Processingto a Refined CBD Extract

11

Latin American Cultivation CAPEX

Canopy Growth$61B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Aphria$10B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Organigram$297M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Cronos$23B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Tilray$926M

1048675 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Aurora$10B

1048672 Chile1048672 Colombia1048672 Mexico1048675 Uruguay

Hexo$187M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

The Green Organic Dutchman$63M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Medicine Man$78M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Auxly$198M

1048672 Chile1048672 Colombia1048672 Mexico1048675 Uruguay

Cannabis cultivators will introduce low cost Latin American operations in order to ensure their long-term survival

Curaleaf$23B

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Cresco Labs$891M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Market Capitalization in $US as at April 27 2020

12

Lack of Low Cost Cultivation of Major Cannabis Companies

Our breeding facilities will be located in Guasca and our 14

hectare cultivation property will be located in Zipaquiraacute mdash the sites

are 1 to 15 hours from Bogota international airport

13

Cannabis Regulations in Colombia

We hold licenses to cultivateand process cannabis in Colombia

bull Colombia legalized the use and production of medical cannabis in 2016

bull The UN awarded Colombia 21 of global THC cannabis production for 2020

bull Large-scale commercial production commenced in 2020

All progress on cannabis legalization in Mexico has been made via Supreme Court constitutional challenges

Supreme Court grants the first constitutional injunction in favor of 5

individuals enabling them to possess cannabis for personal consumption

Legal framework for medical cannabis products

Supreme Court declares cannabis prohibition unconstitutional and

orders Congress to reform

Following grant of another constitutional injunction Supreme

Court orders drafting of comprehensive regulations for medical cannabis

Anticipated grant of constitutional

injunction to Xebra

Deadline for draft of cannabis legal

framework

2014NOVEMBER

2017JUNE

2019FEBRUARY

2019AUGUST

2020OCTOBER

2020DECEMBER

14

Cannabis Regulations in Mexico

bull FACT As agricultural products ldquocommoditizerdquo industrial-scale farming shifts to countries with low-cost land and labor

bull FACT The NAFTA free trade agreement (now called USMCA) was devastating to Canadian and US agricultural production

bull FACT The cut-flower industry for example has been decimated post-NAFTA ~85 of cut-flowers in Canada and the US are now imported (ironically Californiarsquos cut-flower greenhouses were occupied by cannabis growers)

bull Some argue that the Canadian and US governments will protect cannabis growers but is it really different this time No There are no exemptions or carve-outs under USMCA for cannabis

bull Because of the US 2018 Farm Bill after Mexico legalizes (expected December 2020) the majority of CBD derived from hemp will be imported from Mexico

bull ldquoWhenrdquo not ldquoifrdquo the US removes THC as a Schedule 1 drug the majority of industrial-scale cannabis derivatives (THC CBD CBG etc) will be imported from Mexico

15

Impact of Mexican Legalization on the US and Canada

Mexican tobacco law prohibits the sale of vaping products

However three companies have previously been granted legal interpretations by Mexican authorities (the Mexican FDA)

to import and commercialize vaping devices as long as the hardware and the juice are sold separately They are

Philip Morris British American Tobacco andhellip Xebra

16

Cannabis Vaping First Mover in Mexico

Our Cannabis Business Model

Latin American Sales and for

Export

Production of Cannabis

Beverages and other Products

Cultivate and process Cannabis in

Colombia and Mexico

17

Q2 2020Complete all brand and formulation development

Q3 2021Sales of CBD products

Q3 2020Complete all trademark applications covering 46 countries

Q4 2021Sales from first harvests

Q1 2021Sales of vaping products

Q4 2021Sales of beverages

Q2 2021Initiate cultivation

18

Dates and objectives are plans only actual results may vary

Our Projected Path to Revenue

Todd Dalotto PresidentHorticultural scientist and cannabis breeder Was instrumental in the drafting of Oregonrsquos medical marijuana legislation

Robert Giustra ChairmanActively engaged in venture capital and in founding funding and listing publicly traded companies for 28 years

Jordi Chemonte DirectorFounded several successful enterprises in Mexico Former CEO of Elements Bioscience a first-mover in Mexican cannabis

Jorge Martiacutenez COOOver 25 years of experience in venture capital Specialized in operational and management efficiencies

Andrew Yau CFOHas been in accounting and finance roles with publicly listed companies for 14 years

Rodrigo Gallardo Country Manager MexicoCorporate lawyer and business executive He was vital in the success of a number of Mexican start-up business ventures

Diego Chiguachi Colombia Chief Agronomist amp BreederAgro-engineer specialized in genetics Managed agricultural projects for the United Nations and for indigenous communities

Emisel Fonseca Food ScientistA food scientist and biotechnology engineer Is the head of a Mexican cosmetics and dietary supplements manufacturing company

Todd Dalotto President mdash FULL BIO

Mr Dalotto is a horticultural scientist public policy consultant and court-qualified expert witness specializing in cannabis He breeds and conducts horticultural research and consults businesses on the horticultural science and public policy of cannabis His research objectives over the past twenty years include breeding of in-bred lines morphology sustainable practices semi-passive greenhouse production and mutualisms Todd has a horticultural research degree with emphasis on sustainable agriculture and plant breeding from Oregon State University is former Chair of the Oregon Health Authorityrsquos Advisory Committee on Medical Marijuana (ACMM) as well as the ACMMrsquos Horticulture Research amp Safety Committee has served on various legislative and rules advisory committees for the State of Oregon and helped draft the regulations for Oregonrsquos Medical Marijuana Dispensary Program and he founded Oregonrsquos first cannabis medical clinic education amp support center

19

Our Team

As at May 1 2020

Shares Outstanding 100499318Stock Options nilWarrants nil

Debt nil

20

Our Capital Structure

xebrabrandscom

Page 8: May 2020market. • The U.S. market is greater than US$225 billion while the Canadian market is in excess of US$19 billion. • According to some estimates, the relative market for

bull Optimal Growing Conditions bull Established Agricultural Industry bull Free Trade Advantages bull Stable Governmentsbull Low Cost Skilled Laborbull Low Cost Cultivation

8

The Latin American Cultivation Advantage

Figures in US$ Projected financial information actual results may differ

CAPEX per FT2

$513 $205 $96 $10 ndash $15 $5 ndash $10

CanadianIndoor

United StatesIndoor

CanadianGreenhouse

Latin AmericanHoop-House

Latin AmericanOutdoor

Cost per Gram of Dry Flower$050 ndash $230 $005 ndash $020

United States amp Canada

Latin America

1 ounce = 2835 grams1 m2 = 1076 ft2

9

Our Low Cost Cultivation Strategy

We will grow cannabis in low cost countries in open-fields for CBD and in inexpensive hoop-houses for THC

Our 3000 ft2 (~278m2) THC hoop-houses are low cost semi-passive greenhouses designed to minimize expensive energy use by maximizing natural energy utilization We employ natural systems to further reduce production costs

HOOP-HOUSE GREENHOUSE

CONVENTIONAL GREENHOUSE

LIGHTING Sun Electrical

HEATING amp COOLING Sun Convection Airflow Electrical Fossil Fuels

VENTILATION Fans Wind Forced Air

PEST amp DISEASE CONTROL Insects Biocontrols Pesticides Fungicides

FERTILIZERS Optimized by Microbes Expensive Products

SOIL Native Soil (re-use) Soil-less Media (limited re-use)

FRONT SIDE

10

Our Hoop-Houses

XEBRArsquos business plan evaluated three capital expenditure scenarios low medium and high The above figures assume the ldquohighrdquo scenario

Projected Initial Capital Expenditures US$

Hoop-houses ~1 hectare $1285000

Processing Equipment (not a recurring cost) 950000

Total Initial Capital Expenditures (1st Hectare) $2235000

Projected Capital Expenditures per Additional Hectare $1285000

Projected Initial Capital Expenditures US$

Building Machinery amp Equipment ~1 hectare $25000

Processing Equipment (not a recurring cost) 950000

Total Initial Capital Expenditures (1st Hectare) $975000

Projected Capital Expenditures per Additional Hectare $ insignificant

Hoop-house Cultivation and Processingto a Refined THC Extract

Outdoor Cultivation and Processingto a Refined CBD Extract

11

Latin American Cultivation CAPEX

Canopy Growth$61B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Aphria$10B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Organigram$297M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Cronos$23B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Tilray$926M

1048675 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Aurora$10B

1048672 Chile1048672 Colombia1048672 Mexico1048675 Uruguay

Hexo$187M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

The Green Organic Dutchman$63M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Medicine Man$78M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Auxly$198M

1048672 Chile1048672 Colombia1048672 Mexico1048675 Uruguay

Cannabis cultivators will introduce low cost Latin American operations in order to ensure their long-term survival

Curaleaf$23B

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Cresco Labs$891M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Market Capitalization in $US as at April 27 2020

12

Lack of Low Cost Cultivation of Major Cannabis Companies

Our breeding facilities will be located in Guasca and our 14

hectare cultivation property will be located in Zipaquiraacute mdash the sites

are 1 to 15 hours from Bogota international airport

13

Cannabis Regulations in Colombia

We hold licenses to cultivateand process cannabis in Colombia

bull Colombia legalized the use and production of medical cannabis in 2016

bull The UN awarded Colombia 21 of global THC cannabis production for 2020

bull Large-scale commercial production commenced in 2020

All progress on cannabis legalization in Mexico has been made via Supreme Court constitutional challenges

Supreme Court grants the first constitutional injunction in favor of 5

individuals enabling them to possess cannabis for personal consumption

Legal framework for medical cannabis products

Supreme Court declares cannabis prohibition unconstitutional and

orders Congress to reform

Following grant of another constitutional injunction Supreme

Court orders drafting of comprehensive regulations for medical cannabis

Anticipated grant of constitutional

injunction to Xebra

Deadline for draft of cannabis legal

framework

2014NOVEMBER

2017JUNE

2019FEBRUARY

2019AUGUST

2020OCTOBER

2020DECEMBER

14

Cannabis Regulations in Mexico

bull FACT As agricultural products ldquocommoditizerdquo industrial-scale farming shifts to countries with low-cost land and labor

bull FACT The NAFTA free trade agreement (now called USMCA) was devastating to Canadian and US agricultural production

bull FACT The cut-flower industry for example has been decimated post-NAFTA ~85 of cut-flowers in Canada and the US are now imported (ironically Californiarsquos cut-flower greenhouses were occupied by cannabis growers)

bull Some argue that the Canadian and US governments will protect cannabis growers but is it really different this time No There are no exemptions or carve-outs under USMCA for cannabis

bull Because of the US 2018 Farm Bill after Mexico legalizes (expected December 2020) the majority of CBD derived from hemp will be imported from Mexico

bull ldquoWhenrdquo not ldquoifrdquo the US removes THC as a Schedule 1 drug the majority of industrial-scale cannabis derivatives (THC CBD CBG etc) will be imported from Mexico

15

Impact of Mexican Legalization on the US and Canada

Mexican tobacco law prohibits the sale of vaping products

However three companies have previously been granted legal interpretations by Mexican authorities (the Mexican FDA)

to import and commercialize vaping devices as long as the hardware and the juice are sold separately They are

Philip Morris British American Tobacco andhellip Xebra

16

Cannabis Vaping First Mover in Mexico

Our Cannabis Business Model

Latin American Sales and for

Export

Production of Cannabis

Beverages and other Products

Cultivate and process Cannabis in

Colombia and Mexico

17

Q2 2020Complete all brand and formulation development

Q3 2021Sales of CBD products

Q3 2020Complete all trademark applications covering 46 countries

Q4 2021Sales from first harvests

Q1 2021Sales of vaping products

Q4 2021Sales of beverages

Q2 2021Initiate cultivation

18

Dates and objectives are plans only actual results may vary

Our Projected Path to Revenue

Todd Dalotto PresidentHorticultural scientist and cannabis breeder Was instrumental in the drafting of Oregonrsquos medical marijuana legislation

Robert Giustra ChairmanActively engaged in venture capital and in founding funding and listing publicly traded companies for 28 years

Jordi Chemonte DirectorFounded several successful enterprises in Mexico Former CEO of Elements Bioscience a first-mover in Mexican cannabis

Jorge Martiacutenez COOOver 25 years of experience in venture capital Specialized in operational and management efficiencies

Andrew Yau CFOHas been in accounting and finance roles with publicly listed companies for 14 years

Rodrigo Gallardo Country Manager MexicoCorporate lawyer and business executive He was vital in the success of a number of Mexican start-up business ventures

Diego Chiguachi Colombia Chief Agronomist amp BreederAgro-engineer specialized in genetics Managed agricultural projects for the United Nations and for indigenous communities

Emisel Fonseca Food ScientistA food scientist and biotechnology engineer Is the head of a Mexican cosmetics and dietary supplements manufacturing company

Todd Dalotto President mdash FULL BIO

Mr Dalotto is a horticultural scientist public policy consultant and court-qualified expert witness specializing in cannabis He breeds and conducts horticultural research and consults businesses on the horticultural science and public policy of cannabis His research objectives over the past twenty years include breeding of in-bred lines morphology sustainable practices semi-passive greenhouse production and mutualisms Todd has a horticultural research degree with emphasis on sustainable agriculture and plant breeding from Oregon State University is former Chair of the Oregon Health Authorityrsquos Advisory Committee on Medical Marijuana (ACMM) as well as the ACMMrsquos Horticulture Research amp Safety Committee has served on various legislative and rules advisory committees for the State of Oregon and helped draft the regulations for Oregonrsquos Medical Marijuana Dispensary Program and he founded Oregonrsquos first cannabis medical clinic education amp support center

19

Our Team

As at May 1 2020

Shares Outstanding 100499318Stock Options nilWarrants nil

Debt nil

20

Our Capital Structure

xebrabrandscom

Page 9: May 2020market. • The U.S. market is greater than US$225 billion while the Canadian market is in excess of US$19 billion. • According to some estimates, the relative market for

Figures in US$ Projected financial information actual results may differ

CAPEX per FT2

$513 $205 $96 $10 ndash $15 $5 ndash $10

CanadianIndoor

United StatesIndoor

CanadianGreenhouse

Latin AmericanHoop-House

Latin AmericanOutdoor

Cost per Gram of Dry Flower$050 ndash $230 $005 ndash $020

United States amp Canada

Latin America

1 ounce = 2835 grams1 m2 = 1076 ft2

9

Our Low Cost Cultivation Strategy

We will grow cannabis in low cost countries in open-fields for CBD and in inexpensive hoop-houses for THC

Our 3000 ft2 (~278m2) THC hoop-houses are low cost semi-passive greenhouses designed to minimize expensive energy use by maximizing natural energy utilization We employ natural systems to further reduce production costs

HOOP-HOUSE GREENHOUSE

CONVENTIONAL GREENHOUSE

LIGHTING Sun Electrical

HEATING amp COOLING Sun Convection Airflow Electrical Fossil Fuels

VENTILATION Fans Wind Forced Air

PEST amp DISEASE CONTROL Insects Biocontrols Pesticides Fungicides

FERTILIZERS Optimized by Microbes Expensive Products

SOIL Native Soil (re-use) Soil-less Media (limited re-use)

FRONT SIDE

10

Our Hoop-Houses

XEBRArsquos business plan evaluated three capital expenditure scenarios low medium and high The above figures assume the ldquohighrdquo scenario

Projected Initial Capital Expenditures US$

Hoop-houses ~1 hectare $1285000

Processing Equipment (not a recurring cost) 950000

Total Initial Capital Expenditures (1st Hectare) $2235000

Projected Capital Expenditures per Additional Hectare $1285000

Projected Initial Capital Expenditures US$

Building Machinery amp Equipment ~1 hectare $25000

Processing Equipment (not a recurring cost) 950000

Total Initial Capital Expenditures (1st Hectare) $975000

Projected Capital Expenditures per Additional Hectare $ insignificant

Hoop-house Cultivation and Processingto a Refined THC Extract

Outdoor Cultivation and Processingto a Refined CBD Extract

11

Latin American Cultivation CAPEX

Canopy Growth$61B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Aphria$10B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Organigram$297M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Cronos$23B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Tilray$926M

1048675 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Aurora$10B

1048672 Chile1048672 Colombia1048672 Mexico1048675 Uruguay

Hexo$187M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

The Green Organic Dutchman$63M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Medicine Man$78M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Auxly$198M

1048672 Chile1048672 Colombia1048672 Mexico1048675 Uruguay

Cannabis cultivators will introduce low cost Latin American operations in order to ensure their long-term survival

Curaleaf$23B

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Cresco Labs$891M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Market Capitalization in $US as at April 27 2020

12

Lack of Low Cost Cultivation of Major Cannabis Companies

Our breeding facilities will be located in Guasca and our 14

hectare cultivation property will be located in Zipaquiraacute mdash the sites

are 1 to 15 hours from Bogota international airport

13

Cannabis Regulations in Colombia

We hold licenses to cultivateand process cannabis in Colombia

bull Colombia legalized the use and production of medical cannabis in 2016

bull The UN awarded Colombia 21 of global THC cannabis production for 2020

bull Large-scale commercial production commenced in 2020

All progress on cannabis legalization in Mexico has been made via Supreme Court constitutional challenges

Supreme Court grants the first constitutional injunction in favor of 5

individuals enabling them to possess cannabis for personal consumption

Legal framework for medical cannabis products

Supreme Court declares cannabis prohibition unconstitutional and

orders Congress to reform

Following grant of another constitutional injunction Supreme

Court orders drafting of comprehensive regulations for medical cannabis

Anticipated grant of constitutional

injunction to Xebra

Deadline for draft of cannabis legal

framework

2014NOVEMBER

2017JUNE

2019FEBRUARY

2019AUGUST

2020OCTOBER

2020DECEMBER

14

Cannabis Regulations in Mexico

bull FACT As agricultural products ldquocommoditizerdquo industrial-scale farming shifts to countries with low-cost land and labor

bull FACT The NAFTA free trade agreement (now called USMCA) was devastating to Canadian and US agricultural production

bull FACT The cut-flower industry for example has been decimated post-NAFTA ~85 of cut-flowers in Canada and the US are now imported (ironically Californiarsquos cut-flower greenhouses were occupied by cannabis growers)

bull Some argue that the Canadian and US governments will protect cannabis growers but is it really different this time No There are no exemptions or carve-outs under USMCA for cannabis

bull Because of the US 2018 Farm Bill after Mexico legalizes (expected December 2020) the majority of CBD derived from hemp will be imported from Mexico

bull ldquoWhenrdquo not ldquoifrdquo the US removes THC as a Schedule 1 drug the majority of industrial-scale cannabis derivatives (THC CBD CBG etc) will be imported from Mexico

15

Impact of Mexican Legalization on the US and Canada

Mexican tobacco law prohibits the sale of vaping products

However three companies have previously been granted legal interpretations by Mexican authorities (the Mexican FDA)

to import and commercialize vaping devices as long as the hardware and the juice are sold separately They are

Philip Morris British American Tobacco andhellip Xebra

16

Cannabis Vaping First Mover in Mexico

Our Cannabis Business Model

Latin American Sales and for

Export

Production of Cannabis

Beverages and other Products

Cultivate and process Cannabis in

Colombia and Mexico

17

Q2 2020Complete all brand and formulation development

Q3 2021Sales of CBD products

Q3 2020Complete all trademark applications covering 46 countries

Q4 2021Sales from first harvests

Q1 2021Sales of vaping products

Q4 2021Sales of beverages

Q2 2021Initiate cultivation

18

Dates and objectives are plans only actual results may vary

Our Projected Path to Revenue

Todd Dalotto PresidentHorticultural scientist and cannabis breeder Was instrumental in the drafting of Oregonrsquos medical marijuana legislation

Robert Giustra ChairmanActively engaged in venture capital and in founding funding and listing publicly traded companies for 28 years

Jordi Chemonte DirectorFounded several successful enterprises in Mexico Former CEO of Elements Bioscience a first-mover in Mexican cannabis

Jorge Martiacutenez COOOver 25 years of experience in venture capital Specialized in operational and management efficiencies

Andrew Yau CFOHas been in accounting and finance roles with publicly listed companies for 14 years

Rodrigo Gallardo Country Manager MexicoCorporate lawyer and business executive He was vital in the success of a number of Mexican start-up business ventures

Diego Chiguachi Colombia Chief Agronomist amp BreederAgro-engineer specialized in genetics Managed agricultural projects for the United Nations and for indigenous communities

Emisel Fonseca Food ScientistA food scientist and biotechnology engineer Is the head of a Mexican cosmetics and dietary supplements manufacturing company

Todd Dalotto President mdash FULL BIO

Mr Dalotto is a horticultural scientist public policy consultant and court-qualified expert witness specializing in cannabis He breeds and conducts horticultural research and consults businesses on the horticultural science and public policy of cannabis His research objectives over the past twenty years include breeding of in-bred lines morphology sustainable practices semi-passive greenhouse production and mutualisms Todd has a horticultural research degree with emphasis on sustainable agriculture and plant breeding from Oregon State University is former Chair of the Oregon Health Authorityrsquos Advisory Committee on Medical Marijuana (ACMM) as well as the ACMMrsquos Horticulture Research amp Safety Committee has served on various legislative and rules advisory committees for the State of Oregon and helped draft the regulations for Oregonrsquos Medical Marijuana Dispensary Program and he founded Oregonrsquos first cannabis medical clinic education amp support center

19

Our Team

As at May 1 2020

Shares Outstanding 100499318Stock Options nilWarrants nil

Debt nil

20

Our Capital Structure

xebrabrandscom

Page 10: May 2020market. • The U.S. market is greater than US$225 billion while the Canadian market is in excess of US$19 billion. • According to some estimates, the relative market for

Our 3000 ft2 (~278m2) THC hoop-houses are low cost semi-passive greenhouses designed to minimize expensive energy use by maximizing natural energy utilization We employ natural systems to further reduce production costs

HOOP-HOUSE GREENHOUSE

CONVENTIONAL GREENHOUSE

LIGHTING Sun Electrical

HEATING amp COOLING Sun Convection Airflow Electrical Fossil Fuels

VENTILATION Fans Wind Forced Air

PEST amp DISEASE CONTROL Insects Biocontrols Pesticides Fungicides

FERTILIZERS Optimized by Microbes Expensive Products

SOIL Native Soil (re-use) Soil-less Media (limited re-use)

FRONT SIDE

10

Our Hoop-Houses

XEBRArsquos business plan evaluated three capital expenditure scenarios low medium and high The above figures assume the ldquohighrdquo scenario

Projected Initial Capital Expenditures US$

Hoop-houses ~1 hectare $1285000

Processing Equipment (not a recurring cost) 950000

Total Initial Capital Expenditures (1st Hectare) $2235000

Projected Capital Expenditures per Additional Hectare $1285000

Projected Initial Capital Expenditures US$

Building Machinery amp Equipment ~1 hectare $25000

Processing Equipment (not a recurring cost) 950000

Total Initial Capital Expenditures (1st Hectare) $975000

Projected Capital Expenditures per Additional Hectare $ insignificant

Hoop-house Cultivation and Processingto a Refined THC Extract

Outdoor Cultivation and Processingto a Refined CBD Extract

11

Latin American Cultivation CAPEX

Canopy Growth$61B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Aphria$10B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Organigram$297M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Cronos$23B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Tilray$926M

1048675 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Aurora$10B

1048672 Chile1048672 Colombia1048672 Mexico1048675 Uruguay

Hexo$187M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

The Green Organic Dutchman$63M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Medicine Man$78M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Auxly$198M

1048672 Chile1048672 Colombia1048672 Mexico1048675 Uruguay

Cannabis cultivators will introduce low cost Latin American operations in order to ensure their long-term survival

Curaleaf$23B

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Cresco Labs$891M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Market Capitalization in $US as at April 27 2020

12

Lack of Low Cost Cultivation of Major Cannabis Companies

Our breeding facilities will be located in Guasca and our 14

hectare cultivation property will be located in Zipaquiraacute mdash the sites

are 1 to 15 hours from Bogota international airport

13

Cannabis Regulations in Colombia

We hold licenses to cultivateand process cannabis in Colombia

bull Colombia legalized the use and production of medical cannabis in 2016

bull The UN awarded Colombia 21 of global THC cannabis production for 2020

bull Large-scale commercial production commenced in 2020

All progress on cannabis legalization in Mexico has been made via Supreme Court constitutional challenges

Supreme Court grants the first constitutional injunction in favor of 5

individuals enabling them to possess cannabis for personal consumption

Legal framework for medical cannabis products

Supreme Court declares cannabis prohibition unconstitutional and

orders Congress to reform

Following grant of another constitutional injunction Supreme

Court orders drafting of comprehensive regulations for medical cannabis

Anticipated grant of constitutional

injunction to Xebra

Deadline for draft of cannabis legal

framework

2014NOVEMBER

2017JUNE

2019FEBRUARY

2019AUGUST

2020OCTOBER

2020DECEMBER

14

Cannabis Regulations in Mexico

bull FACT As agricultural products ldquocommoditizerdquo industrial-scale farming shifts to countries with low-cost land and labor

bull FACT The NAFTA free trade agreement (now called USMCA) was devastating to Canadian and US agricultural production

bull FACT The cut-flower industry for example has been decimated post-NAFTA ~85 of cut-flowers in Canada and the US are now imported (ironically Californiarsquos cut-flower greenhouses were occupied by cannabis growers)

bull Some argue that the Canadian and US governments will protect cannabis growers but is it really different this time No There are no exemptions or carve-outs under USMCA for cannabis

bull Because of the US 2018 Farm Bill after Mexico legalizes (expected December 2020) the majority of CBD derived from hemp will be imported from Mexico

bull ldquoWhenrdquo not ldquoifrdquo the US removes THC as a Schedule 1 drug the majority of industrial-scale cannabis derivatives (THC CBD CBG etc) will be imported from Mexico

15

Impact of Mexican Legalization on the US and Canada

Mexican tobacco law prohibits the sale of vaping products

However three companies have previously been granted legal interpretations by Mexican authorities (the Mexican FDA)

to import and commercialize vaping devices as long as the hardware and the juice are sold separately They are

Philip Morris British American Tobacco andhellip Xebra

16

Cannabis Vaping First Mover in Mexico

Our Cannabis Business Model

Latin American Sales and for

Export

Production of Cannabis

Beverages and other Products

Cultivate and process Cannabis in

Colombia and Mexico

17

Q2 2020Complete all brand and formulation development

Q3 2021Sales of CBD products

Q3 2020Complete all trademark applications covering 46 countries

Q4 2021Sales from first harvests

Q1 2021Sales of vaping products

Q4 2021Sales of beverages

Q2 2021Initiate cultivation

18

Dates and objectives are plans only actual results may vary

Our Projected Path to Revenue

Todd Dalotto PresidentHorticultural scientist and cannabis breeder Was instrumental in the drafting of Oregonrsquos medical marijuana legislation

Robert Giustra ChairmanActively engaged in venture capital and in founding funding and listing publicly traded companies for 28 years

Jordi Chemonte DirectorFounded several successful enterprises in Mexico Former CEO of Elements Bioscience a first-mover in Mexican cannabis

Jorge Martiacutenez COOOver 25 years of experience in venture capital Specialized in operational and management efficiencies

Andrew Yau CFOHas been in accounting and finance roles with publicly listed companies for 14 years

Rodrigo Gallardo Country Manager MexicoCorporate lawyer and business executive He was vital in the success of a number of Mexican start-up business ventures

Diego Chiguachi Colombia Chief Agronomist amp BreederAgro-engineer specialized in genetics Managed agricultural projects for the United Nations and for indigenous communities

Emisel Fonseca Food ScientistA food scientist and biotechnology engineer Is the head of a Mexican cosmetics and dietary supplements manufacturing company

Todd Dalotto President mdash FULL BIO

Mr Dalotto is a horticultural scientist public policy consultant and court-qualified expert witness specializing in cannabis He breeds and conducts horticultural research and consults businesses on the horticultural science and public policy of cannabis His research objectives over the past twenty years include breeding of in-bred lines morphology sustainable practices semi-passive greenhouse production and mutualisms Todd has a horticultural research degree with emphasis on sustainable agriculture and plant breeding from Oregon State University is former Chair of the Oregon Health Authorityrsquos Advisory Committee on Medical Marijuana (ACMM) as well as the ACMMrsquos Horticulture Research amp Safety Committee has served on various legislative and rules advisory committees for the State of Oregon and helped draft the regulations for Oregonrsquos Medical Marijuana Dispensary Program and he founded Oregonrsquos first cannabis medical clinic education amp support center

19

Our Team

As at May 1 2020

Shares Outstanding 100499318Stock Options nilWarrants nil

Debt nil

20

Our Capital Structure

xebrabrandscom

Page 11: May 2020market. • The U.S. market is greater than US$225 billion while the Canadian market is in excess of US$19 billion. • According to some estimates, the relative market for

XEBRArsquos business plan evaluated three capital expenditure scenarios low medium and high The above figures assume the ldquohighrdquo scenario

Projected Initial Capital Expenditures US$

Hoop-houses ~1 hectare $1285000

Processing Equipment (not a recurring cost) 950000

Total Initial Capital Expenditures (1st Hectare) $2235000

Projected Capital Expenditures per Additional Hectare $1285000

Projected Initial Capital Expenditures US$

Building Machinery amp Equipment ~1 hectare $25000

Processing Equipment (not a recurring cost) 950000

Total Initial Capital Expenditures (1st Hectare) $975000

Projected Capital Expenditures per Additional Hectare $ insignificant

Hoop-house Cultivation and Processingto a Refined THC Extract

Outdoor Cultivation and Processingto a Refined CBD Extract

11

Latin American Cultivation CAPEX

Canopy Growth$61B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Aphria$10B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Organigram$297M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Cronos$23B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Tilray$926M

1048675 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Aurora$10B

1048672 Chile1048672 Colombia1048672 Mexico1048675 Uruguay

Hexo$187M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

The Green Organic Dutchman$63M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Medicine Man$78M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Auxly$198M

1048672 Chile1048672 Colombia1048672 Mexico1048675 Uruguay

Cannabis cultivators will introduce low cost Latin American operations in order to ensure their long-term survival

Curaleaf$23B

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Cresco Labs$891M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Market Capitalization in $US as at April 27 2020

12

Lack of Low Cost Cultivation of Major Cannabis Companies

Our breeding facilities will be located in Guasca and our 14

hectare cultivation property will be located in Zipaquiraacute mdash the sites

are 1 to 15 hours from Bogota international airport

13

Cannabis Regulations in Colombia

We hold licenses to cultivateand process cannabis in Colombia

bull Colombia legalized the use and production of medical cannabis in 2016

bull The UN awarded Colombia 21 of global THC cannabis production for 2020

bull Large-scale commercial production commenced in 2020

All progress on cannabis legalization in Mexico has been made via Supreme Court constitutional challenges

Supreme Court grants the first constitutional injunction in favor of 5

individuals enabling them to possess cannabis for personal consumption

Legal framework for medical cannabis products

Supreme Court declares cannabis prohibition unconstitutional and

orders Congress to reform

Following grant of another constitutional injunction Supreme

Court orders drafting of comprehensive regulations for medical cannabis

Anticipated grant of constitutional

injunction to Xebra

Deadline for draft of cannabis legal

framework

2014NOVEMBER

2017JUNE

2019FEBRUARY

2019AUGUST

2020OCTOBER

2020DECEMBER

14

Cannabis Regulations in Mexico

bull FACT As agricultural products ldquocommoditizerdquo industrial-scale farming shifts to countries with low-cost land and labor

bull FACT The NAFTA free trade agreement (now called USMCA) was devastating to Canadian and US agricultural production

bull FACT The cut-flower industry for example has been decimated post-NAFTA ~85 of cut-flowers in Canada and the US are now imported (ironically Californiarsquos cut-flower greenhouses were occupied by cannabis growers)

bull Some argue that the Canadian and US governments will protect cannabis growers but is it really different this time No There are no exemptions or carve-outs under USMCA for cannabis

bull Because of the US 2018 Farm Bill after Mexico legalizes (expected December 2020) the majority of CBD derived from hemp will be imported from Mexico

bull ldquoWhenrdquo not ldquoifrdquo the US removes THC as a Schedule 1 drug the majority of industrial-scale cannabis derivatives (THC CBD CBG etc) will be imported from Mexico

15

Impact of Mexican Legalization on the US and Canada

Mexican tobacco law prohibits the sale of vaping products

However three companies have previously been granted legal interpretations by Mexican authorities (the Mexican FDA)

to import and commercialize vaping devices as long as the hardware and the juice are sold separately They are

Philip Morris British American Tobacco andhellip Xebra

16

Cannabis Vaping First Mover in Mexico

Our Cannabis Business Model

Latin American Sales and for

Export

Production of Cannabis

Beverages and other Products

Cultivate and process Cannabis in

Colombia and Mexico

17

Q2 2020Complete all brand and formulation development

Q3 2021Sales of CBD products

Q3 2020Complete all trademark applications covering 46 countries

Q4 2021Sales from first harvests

Q1 2021Sales of vaping products

Q4 2021Sales of beverages

Q2 2021Initiate cultivation

18

Dates and objectives are plans only actual results may vary

Our Projected Path to Revenue

Todd Dalotto PresidentHorticultural scientist and cannabis breeder Was instrumental in the drafting of Oregonrsquos medical marijuana legislation

Robert Giustra ChairmanActively engaged in venture capital and in founding funding and listing publicly traded companies for 28 years

Jordi Chemonte DirectorFounded several successful enterprises in Mexico Former CEO of Elements Bioscience a first-mover in Mexican cannabis

Jorge Martiacutenez COOOver 25 years of experience in venture capital Specialized in operational and management efficiencies

Andrew Yau CFOHas been in accounting and finance roles with publicly listed companies for 14 years

Rodrigo Gallardo Country Manager MexicoCorporate lawyer and business executive He was vital in the success of a number of Mexican start-up business ventures

Diego Chiguachi Colombia Chief Agronomist amp BreederAgro-engineer specialized in genetics Managed agricultural projects for the United Nations and for indigenous communities

Emisel Fonseca Food ScientistA food scientist and biotechnology engineer Is the head of a Mexican cosmetics and dietary supplements manufacturing company

Todd Dalotto President mdash FULL BIO

Mr Dalotto is a horticultural scientist public policy consultant and court-qualified expert witness specializing in cannabis He breeds and conducts horticultural research and consults businesses on the horticultural science and public policy of cannabis His research objectives over the past twenty years include breeding of in-bred lines morphology sustainable practices semi-passive greenhouse production and mutualisms Todd has a horticultural research degree with emphasis on sustainable agriculture and plant breeding from Oregon State University is former Chair of the Oregon Health Authorityrsquos Advisory Committee on Medical Marijuana (ACMM) as well as the ACMMrsquos Horticulture Research amp Safety Committee has served on various legislative and rules advisory committees for the State of Oregon and helped draft the regulations for Oregonrsquos Medical Marijuana Dispensary Program and he founded Oregonrsquos first cannabis medical clinic education amp support center

19

Our Team

As at May 1 2020

Shares Outstanding 100499318Stock Options nilWarrants nil

Debt nil

20

Our Capital Structure

xebrabrandscom

Page 12: May 2020market. • The U.S. market is greater than US$225 billion while the Canadian market is in excess of US$19 billion. • According to some estimates, the relative market for

Canopy Growth$61B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Aphria$10B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Organigram$297M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Cronos$23B

1048672 Chile1048675 Colombia1048672 Mexico1048672 Uruguay

Tilray$926M

1048675 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Aurora$10B

1048672 Chile1048672 Colombia1048672 Mexico1048675 Uruguay

Hexo$187M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

The Green Organic Dutchman$63M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Medicine Man$78M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Auxly$198M

1048672 Chile1048672 Colombia1048672 Mexico1048675 Uruguay

Cannabis cultivators will introduce low cost Latin American operations in order to ensure their long-term survival

Curaleaf$23B

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Cresco Labs$891M

1048672 Chile1048672 Colombia1048672 Mexico1048672 Uruguay

Market Capitalization in $US as at April 27 2020

12

Lack of Low Cost Cultivation of Major Cannabis Companies

Our breeding facilities will be located in Guasca and our 14

hectare cultivation property will be located in Zipaquiraacute mdash the sites

are 1 to 15 hours from Bogota international airport

13

Cannabis Regulations in Colombia

We hold licenses to cultivateand process cannabis in Colombia

bull Colombia legalized the use and production of medical cannabis in 2016

bull The UN awarded Colombia 21 of global THC cannabis production for 2020

bull Large-scale commercial production commenced in 2020

All progress on cannabis legalization in Mexico has been made via Supreme Court constitutional challenges

Supreme Court grants the first constitutional injunction in favor of 5

individuals enabling them to possess cannabis for personal consumption

Legal framework for medical cannabis products

Supreme Court declares cannabis prohibition unconstitutional and

orders Congress to reform

Following grant of another constitutional injunction Supreme

Court orders drafting of comprehensive regulations for medical cannabis

Anticipated grant of constitutional

injunction to Xebra

Deadline for draft of cannabis legal

framework

2014NOVEMBER

2017JUNE

2019FEBRUARY

2019AUGUST

2020OCTOBER

2020DECEMBER

14

Cannabis Regulations in Mexico

bull FACT As agricultural products ldquocommoditizerdquo industrial-scale farming shifts to countries with low-cost land and labor

bull FACT The NAFTA free trade agreement (now called USMCA) was devastating to Canadian and US agricultural production

bull FACT The cut-flower industry for example has been decimated post-NAFTA ~85 of cut-flowers in Canada and the US are now imported (ironically Californiarsquos cut-flower greenhouses were occupied by cannabis growers)

bull Some argue that the Canadian and US governments will protect cannabis growers but is it really different this time No There are no exemptions or carve-outs under USMCA for cannabis

bull Because of the US 2018 Farm Bill after Mexico legalizes (expected December 2020) the majority of CBD derived from hemp will be imported from Mexico

bull ldquoWhenrdquo not ldquoifrdquo the US removes THC as a Schedule 1 drug the majority of industrial-scale cannabis derivatives (THC CBD CBG etc) will be imported from Mexico

15

Impact of Mexican Legalization on the US and Canada

Mexican tobacco law prohibits the sale of vaping products

However three companies have previously been granted legal interpretations by Mexican authorities (the Mexican FDA)

to import and commercialize vaping devices as long as the hardware and the juice are sold separately They are

Philip Morris British American Tobacco andhellip Xebra

16

Cannabis Vaping First Mover in Mexico

Our Cannabis Business Model

Latin American Sales and for

Export

Production of Cannabis

Beverages and other Products

Cultivate and process Cannabis in

Colombia and Mexico

17

Q2 2020Complete all brand and formulation development

Q3 2021Sales of CBD products

Q3 2020Complete all trademark applications covering 46 countries

Q4 2021Sales from first harvests

Q1 2021Sales of vaping products

Q4 2021Sales of beverages

Q2 2021Initiate cultivation

18

Dates and objectives are plans only actual results may vary

Our Projected Path to Revenue

Todd Dalotto PresidentHorticultural scientist and cannabis breeder Was instrumental in the drafting of Oregonrsquos medical marijuana legislation

Robert Giustra ChairmanActively engaged in venture capital and in founding funding and listing publicly traded companies for 28 years

Jordi Chemonte DirectorFounded several successful enterprises in Mexico Former CEO of Elements Bioscience a first-mover in Mexican cannabis

Jorge Martiacutenez COOOver 25 years of experience in venture capital Specialized in operational and management efficiencies

Andrew Yau CFOHas been in accounting and finance roles with publicly listed companies for 14 years

Rodrigo Gallardo Country Manager MexicoCorporate lawyer and business executive He was vital in the success of a number of Mexican start-up business ventures

Diego Chiguachi Colombia Chief Agronomist amp BreederAgro-engineer specialized in genetics Managed agricultural projects for the United Nations and for indigenous communities

Emisel Fonseca Food ScientistA food scientist and biotechnology engineer Is the head of a Mexican cosmetics and dietary supplements manufacturing company

Todd Dalotto President mdash FULL BIO

Mr Dalotto is a horticultural scientist public policy consultant and court-qualified expert witness specializing in cannabis He breeds and conducts horticultural research and consults businesses on the horticultural science and public policy of cannabis His research objectives over the past twenty years include breeding of in-bred lines morphology sustainable practices semi-passive greenhouse production and mutualisms Todd has a horticultural research degree with emphasis on sustainable agriculture and plant breeding from Oregon State University is former Chair of the Oregon Health Authorityrsquos Advisory Committee on Medical Marijuana (ACMM) as well as the ACMMrsquos Horticulture Research amp Safety Committee has served on various legislative and rules advisory committees for the State of Oregon and helped draft the regulations for Oregonrsquos Medical Marijuana Dispensary Program and he founded Oregonrsquos first cannabis medical clinic education amp support center

19

Our Team

As at May 1 2020

Shares Outstanding 100499318Stock Options nilWarrants nil

Debt nil

20

Our Capital Structure

xebrabrandscom

Page 13: May 2020market. • The U.S. market is greater than US$225 billion while the Canadian market is in excess of US$19 billion. • According to some estimates, the relative market for

Our breeding facilities will be located in Guasca and our 14

hectare cultivation property will be located in Zipaquiraacute mdash the sites

are 1 to 15 hours from Bogota international airport

13

Cannabis Regulations in Colombia

We hold licenses to cultivateand process cannabis in Colombia

bull Colombia legalized the use and production of medical cannabis in 2016

bull The UN awarded Colombia 21 of global THC cannabis production for 2020

bull Large-scale commercial production commenced in 2020

All progress on cannabis legalization in Mexico has been made via Supreme Court constitutional challenges

Supreme Court grants the first constitutional injunction in favor of 5

individuals enabling them to possess cannabis for personal consumption

Legal framework for medical cannabis products

Supreme Court declares cannabis prohibition unconstitutional and

orders Congress to reform

Following grant of another constitutional injunction Supreme

Court orders drafting of comprehensive regulations for medical cannabis

Anticipated grant of constitutional

injunction to Xebra

Deadline for draft of cannabis legal

framework

2014NOVEMBER

2017JUNE

2019FEBRUARY

2019AUGUST

2020OCTOBER

2020DECEMBER

14

Cannabis Regulations in Mexico

bull FACT As agricultural products ldquocommoditizerdquo industrial-scale farming shifts to countries with low-cost land and labor

bull FACT The NAFTA free trade agreement (now called USMCA) was devastating to Canadian and US agricultural production

bull FACT The cut-flower industry for example has been decimated post-NAFTA ~85 of cut-flowers in Canada and the US are now imported (ironically Californiarsquos cut-flower greenhouses were occupied by cannabis growers)

bull Some argue that the Canadian and US governments will protect cannabis growers but is it really different this time No There are no exemptions or carve-outs under USMCA for cannabis

bull Because of the US 2018 Farm Bill after Mexico legalizes (expected December 2020) the majority of CBD derived from hemp will be imported from Mexico

bull ldquoWhenrdquo not ldquoifrdquo the US removes THC as a Schedule 1 drug the majority of industrial-scale cannabis derivatives (THC CBD CBG etc) will be imported from Mexico

15

Impact of Mexican Legalization on the US and Canada

Mexican tobacco law prohibits the sale of vaping products

However three companies have previously been granted legal interpretations by Mexican authorities (the Mexican FDA)

to import and commercialize vaping devices as long as the hardware and the juice are sold separately They are

Philip Morris British American Tobacco andhellip Xebra

16

Cannabis Vaping First Mover in Mexico

Our Cannabis Business Model

Latin American Sales and for

Export

Production of Cannabis

Beverages and other Products

Cultivate and process Cannabis in

Colombia and Mexico

17

Q2 2020Complete all brand and formulation development

Q3 2021Sales of CBD products

Q3 2020Complete all trademark applications covering 46 countries

Q4 2021Sales from first harvests

Q1 2021Sales of vaping products

Q4 2021Sales of beverages

Q2 2021Initiate cultivation

18

Dates and objectives are plans only actual results may vary

Our Projected Path to Revenue

Todd Dalotto PresidentHorticultural scientist and cannabis breeder Was instrumental in the drafting of Oregonrsquos medical marijuana legislation

Robert Giustra ChairmanActively engaged in venture capital and in founding funding and listing publicly traded companies for 28 years

Jordi Chemonte DirectorFounded several successful enterprises in Mexico Former CEO of Elements Bioscience a first-mover in Mexican cannabis

Jorge Martiacutenez COOOver 25 years of experience in venture capital Specialized in operational and management efficiencies

Andrew Yau CFOHas been in accounting and finance roles with publicly listed companies for 14 years

Rodrigo Gallardo Country Manager MexicoCorporate lawyer and business executive He was vital in the success of a number of Mexican start-up business ventures

Diego Chiguachi Colombia Chief Agronomist amp BreederAgro-engineer specialized in genetics Managed agricultural projects for the United Nations and for indigenous communities

Emisel Fonseca Food ScientistA food scientist and biotechnology engineer Is the head of a Mexican cosmetics and dietary supplements manufacturing company

Todd Dalotto President mdash FULL BIO

Mr Dalotto is a horticultural scientist public policy consultant and court-qualified expert witness specializing in cannabis He breeds and conducts horticultural research and consults businesses on the horticultural science and public policy of cannabis His research objectives over the past twenty years include breeding of in-bred lines morphology sustainable practices semi-passive greenhouse production and mutualisms Todd has a horticultural research degree with emphasis on sustainable agriculture and plant breeding from Oregon State University is former Chair of the Oregon Health Authorityrsquos Advisory Committee on Medical Marijuana (ACMM) as well as the ACMMrsquos Horticulture Research amp Safety Committee has served on various legislative and rules advisory committees for the State of Oregon and helped draft the regulations for Oregonrsquos Medical Marijuana Dispensary Program and he founded Oregonrsquos first cannabis medical clinic education amp support center

19

Our Team

As at May 1 2020

Shares Outstanding 100499318Stock Options nilWarrants nil

Debt nil

20

Our Capital Structure

xebrabrandscom

Page 14: May 2020market. • The U.S. market is greater than US$225 billion while the Canadian market is in excess of US$19 billion. • According to some estimates, the relative market for

All progress on cannabis legalization in Mexico has been made via Supreme Court constitutional challenges

Supreme Court grants the first constitutional injunction in favor of 5

individuals enabling them to possess cannabis for personal consumption

Legal framework for medical cannabis products

Supreme Court declares cannabis prohibition unconstitutional and

orders Congress to reform

Following grant of another constitutional injunction Supreme

Court orders drafting of comprehensive regulations for medical cannabis

Anticipated grant of constitutional

injunction to Xebra

Deadline for draft of cannabis legal

framework

2014NOVEMBER

2017JUNE

2019FEBRUARY

2019AUGUST

2020OCTOBER

2020DECEMBER

14

Cannabis Regulations in Mexico

bull FACT As agricultural products ldquocommoditizerdquo industrial-scale farming shifts to countries with low-cost land and labor

bull FACT The NAFTA free trade agreement (now called USMCA) was devastating to Canadian and US agricultural production

bull FACT The cut-flower industry for example has been decimated post-NAFTA ~85 of cut-flowers in Canada and the US are now imported (ironically Californiarsquos cut-flower greenhouses were occupied by cannabis growers)

bull Some argue that the Canadian and US governments will protect cannabis growers but is it really different this time No There are no exemptions or carve-outs under USMCA for cannabis

bull Because of the US 2018 Farm Bill after Mexico legalizes (expected December 2020) the majority of CBD derived from hemp will be imported from Mexico

bull ldquoWhenrdquo not ldquoifrdquo the US removes THC as a Schedule 1 drug the majority of industrial-scale cannabis derivatives (THC CBD CBG etc) will be imported from Mexico

15

Impact of Mexican Legalization on the US and Canada

Mexican tobacco law prohibits the sale of vaping products

However three companies have previously been granted legal interpretations by Mexican authorities (the Mexican FDA)

to import and commercialize vaping devices as long as the hardware and the juice are sold separately They are

Philip Morris British American Tobacco andhellip Xebra

16

Cannabis Vaping First Mover in Mexico

Our Cannabis Business Model

Latin American Sales and for

Export

Production of Cannabis

Beverages and other Products

Cultivate and process Cannabis in

Colombia and Mexico

17

Q2 2020Complete all brand and formulation development

Q3 2021Sales of CBD products

Q3 2020Complete all trademark applications covering 46 countries

Q4 2021Sales from first harvests

Q1 2021Sales of vaping products

Q4 2021Sales of beverages

Q2 2021Initiate cultivation

18

Dates and objectives are plans only actual results may vary

Our Projected Path to Revenue

Todd Dalotto PresidentHorticultural scientist and cannabis breeder Was instrumental in the drafting of Oregonrsquos medical marijuana legislation

Robert Giustra ChairmanActively engaged in venture capital and in founding funding and listing publicly traded companies for 28 years

Jordi Chemonte DirectorFounded several successful enterprises in Mexico Former CEO of Elements Bioscience a first-mover in Mexican cannabis

Jorge Martiacutenez COOOver 25 years of experience in venture capital Specialized in operational and management efficiencies

Andrew Yau CFOHas been in accounting and finance roles with publicly listed companies for 14 years

Rodrigo Gallardo Country Manager MexicoCorporate lawyer and business executive He was vital in the success of a number of Mexican start-up business ventures

Diego Chiguachi Colombia Chief Agronomist amp BreederAgro-engineer specialized in genetics Managed agricultural projects for the United Nations and for indigenous communities

Emisel Fonseca Food ScientistA food scientist and biotechnology engineer Is the head of a Mexican cosmetics and dietary supplements manufacturing company

Todd Dalotto President mdash FULL BIO

Mr Dalotto is a horticultural scientist public policy consultant and court-qualified expert witness specializing in cannabis He breeds and conducts horticultural research and consults businesses on the horticultural science and public policy of cannabis His research objectives over the past twenty years include breeding of in-bred lines morphology sustainable practices semi-passive greenhouse production and mutualisms Todd has a horticultural research degree with emphasis on sustainable agriculture and plant breeding from Oregon State University is former Chair of the Oregon Health Authorityrsquos Advisory Committee on Medical Marijuana (ACMM) as well as the ACMMrsquos Horticulture Research amp Safety Committee has served on various legislative and rules advisory committees for the State of Oregon and helped draft the regulations for Oregonrsquos Medical Marijuana Dispensary Program and he founded Oregonrsquos first cannabis medical clinic education amp support center

19

Our Team

As at May 1 2020

Shares Outstanding 100499318Stock Options nilWarrants nil

Debt nil

20

Our Capital Structure

xebrabrandscom

Page 15: May 2020market. • The U.S. market is greater than US$225 billion while the Canadian market is in excess of US$19 billion. • According to some estimates, the relative market for

bull FACT As agricultural products ldquocommoditizerdquo industrial-scale farming shifts to countries with low-cost land and labor

bull FACT The NAFTA free trade agreement (now called USMCA) was devastating to Canadian and US agricultural production

bull FACT The cut-flower industry for example has been decimated post-NAFTA ~85 of cut-flowers in Canada and the US are now imported (ironically Californiarsquos cut-flower greenhouses were occupied by cannabis growers)

bull Some argue that the Canadian and US governments will protect cannabis growers but is it really different this time No There are no exemptions or carve-outs under USMCA for cannabis

bull Because of the US 2018 Farm Bill after Mexico legalizes (expected December 2020) the majority of CBD derived from hemp will be imported from Mexico

bull ldquoWhenrdquo not ldquoifrdquo the US removes THC as a Schedule 1 drug the majority of industrial-scale cannabis derivatives (THC CBD CBG etc) will be imported from Mexico

15

Impact of Mexican Legalization on the US and Canada

Mexican tobacco law prohibits the sale of vaping products

However three companies have previously been granted legal interpretations by Mexican authorities (the Mexican FDA)

to import and commercialize vaping devices as long as the hardware and the juice are sold separately They are

Philip Morris British American Tobacco andhellip Xebra

16

Cannabis Vaping First Mover in Mexico

Our Cannabis Business Model

Latin American Sales and for

Export

Production of Cannabis

Beverages and other Products

Cultivate and process Cannabis in

Colombia and Mexico

17

Q2 2020Complete all brand and formulation development

Q3 2021Sales of CBD products

Q3 2020Complete all trademark applications covering 46 countries

Q4 2021Sales from first harvests

Q1 2021Sales of vaping products

Q4 2021Sales of beverages

Q2 2021Initiate cultivation

18

Dates and objectives are plans only actual results may vary

Our Projected Path to Revenue

Todd Dalotto PresidentHorticultural scientist and cannabis breeder Was instrumental in the drafting of Oregonrsquos medical marijuana legislation

Robert Giustra ChairmanActively engaged in venture capital and in founding funding and listing publicly traded companies for 28 years

Jordi Chemonte DirectorFounded several successful enterprises in Mexico Former CEO of Elements Bioscience a first-mover in Mexican cannabis

Jorge Martiacutenez COOOver 25 years of experience in venture capital Specialized in operational and management efficiencies

Andrew Yau CFOHas been in accounting and finance roles with publicly listed companies for 14 years

Rodrigo Gallardo Country Manager MexicoCorporate lawyer and business executive He was vital in the success of a number of Mexican start-up business ventures

Diego Chiguachi Colombia Chief Agronomist amp BreederAgro-engineer specialized in genetics Managed agricultural projects for the United Nations and for indigenous communities

Emisel Fonseca Food ScientistA food scientist and biotechnology engineer Is the head of a Mexican cosmetics and dietary supplements manufacturing company

Todd Dalotto President mdash FULL BIO

Mr Dalotto is a horticultural scientist public policy consultant and court-qualified expert witness specializing in cannabis He breeds and conducts horticultural research and consults businesses on the horticultural science and public policy of cannabis His research objectives over the past twenty years include breeding of in-bred lines morphology sustainable practices semi-passive greenhouse production and mutualisms Todd has a horticultural research degree with emphasis on sustainable agriculture and plant breeding from Oregon State University is former Chair of the Oregon Health Authorityrsquos Advisory Committee on Medical Marijuana (ACMM) as well as the ACMMrsquos Horticulture Research amp Safety Committee has served on various legislative and rules advisory committees for the State of Oregon and helped draft the regulations for Oregonrsquos Medical Marijuana Dispensary Program and he founded Oregonrsquos first cannabis medical clinic education amp support center

19

Our Team

As at May 1 2020

Shares Outstanding 100499318Stock Options nilWarrants nil

Debt nil

20

Our Capital Structure

xebrabrandscom

Page 16: May 2020market. • The U.S. market is greater than US$225 billion while the Canadian market is in excess of US$19 billion. • According to some estimates, the relative market for

Mexican tobacco law prohibits the sale of vaping products

However three companies have previously been granted legal interpretations by Mexican authorities (the Mexican FDA)

to import and commercialize vaping devices as long as the hardware and the juice are sold separately They are

Philip Morris British American Tobacco andhellip Xebra

16

Cannabis Vaping First Mover in Mexico

Our Cannabis Business Model

Latin American Sales and for

Export

Production of Cannabis

Beverages and other Products

Cultivate and process Cannabis in

Colombia and Mexico

17

Q2 2020Complete all brand and formulation development

Q3 2021Sales of CBD products

Q3 2020Complete all trademark applications covering 46 countries

Q4 2021Sales from first harvests

Q1 2021Sales of vaping products

Q4 2021Sales of beverages

Q2 2021Initiate cultivation

18

Dates and objectives are plans only actual results may vary

Our Projected Path to Revenue

Todd Dalotto PresidentHorticultural scientist and cannabis breeder Was instrumental in the drafting of Oregonrsquos medical marijuana legislation

Robert Giustra ChairmanActively engaged in venture capital and in founding funding and listing publicly traded companies for 28 years

Jordi Chemonte DirectorFounded several successful enterprises in Mexico Former CEO of Elements Bioscience a first-mover in Mexican cannabis

Jorge Martiacutenez COOOver 25 years of experience in venture capital Specialized in operational and management efficiencies

Andrew Yau CFOHas been in accounting and finance roles with publicly listed companies for 14 years

Rodrigo Gallardo Country Manager MexicoCorporate lawyer and business executive He was vital in the success of a number of Mexican start-up business ventures

Diego Chiguachi Colombia Chief Agronomist amp BreederAgro-engineer specialized in genetics Managed agricultural projects for the United Nations and for indigenous communities

Emisel Fonseca Food ScientistA food scientist and biotechnology engineer Is the head of a Mexican cosmetics and dietary supplements manufacturing company

Todd Dalotto President mdash FULL BIO

Mr Dalotto is a horticultural scientist public policy consultant and court-qualified expert witness specializing in cannabis He breeds and conducts horticultural research and consults businesses on the horticultural science and public policy of cannabis His research objectives over the past twenty years include breeding of in-bred lines morphology sustainable practices semi-passive greenhouse production and mutualisms Todd has a horticultural research degree with emphasis on sustainable agriculture and plant breeding from Oregon State University is former Chair of the Oregon Health Authorityrsquos Advisory Committee on Medical Marijuana (ACMM) as well as the ACMMrsquos Horticulture Research amp Safety Committee has served on various legislative and rules advisory committees for the State of Oregon and helped draft the regulations for Oregonrsquos Medical Marijuana Dispensary Program and he founded Oregonrsquos first cannabis medical clinic education amp support center

19

Our Team

As at May 1 2020

Shares Outstanding 100499318Stock Options nilWarrants nil

Debt nil

20

Our Capital Structure

xebrabrandscom

Page 17: May 2020market. • The U.S. market is greater than US$225 billion while the Canadian market is in excess of US$19 billion. • According to some estimates, the relative market for

Our Cannabis Business Model

Latin American Sales and for

Export

Production of Cannabis

Beverages and other Products

Cultivate and process Cannabis in

Colombia and Mexico

17

Q2 2020Complete all brand and formulation development

Q3 2021Sales of CBD products

Q3 2020Complete all trademark applications covering 46 countries

Q4 2021Sales from first harvests

Q1 2021Sales of vaping products

Q4 2021Sales of beverages

Q2 2021Initiate cultivation

18

Dates and objectives are plans only actual results may vary

Our Projected Path to Revenue

Todd Dalotto PresidentHorticultural scientist and cannabis breeder Was instrumental in the drafting of Oregonrsquos medical marijuana legislation

Robert Giustra ChairmanActively engaged in venture capital and in founding funding and listing publicly traded companies for 28 years

Jordi Chemonte DirectorFounded several successful enterprises in Mexico Former CEO of Elements Bioscience a first-mover in Mexican cannabis

Jorge Martiacutenez COOOver 25 years of experience in venture capital Specialized in operational and management efficiencies

Andrew Yau CFOHas been in accounting and finance roles with publicly listed companies for 14 years

Rodrigo Gallardo Country Manager MexicoCorporate lawyer and business executive He was vital in the success of a number of Mexican start-up business ventures

Diego Chiguachi Colombia Chief Agronomist amp BreederAgro-engineer specialized in genetics Managed agricultural projects for the United Nations and for indigenous communities

Emisel Fonseca Food ScientistA food scientist and biotechnology engineer Is the head of a Mexican cosmetics and dietary supplements manufacturing company

Todd Dalotto President mdash FULL BIO

Mr Dalotto is a horticultural scientist public policy consultant and court-qualified expert witness specializing in cannabis He breeds and conducts horticultural research and consults businesses on the horticultural science and public policy of cannabis His research objectives over the past twenty years include breeding of in-bred lines morphology sustainable practices semi-passive greenhouse production and mutualisms Todd has a horticultural research degree with emphasis on sustainable agriculture and plant breeding from Oregon State University is former Chair of the Oregon Health Authorityrsquos Advisory Committee on Medical Marijuana (ACMM) as well as the ACMMrsquos Horticulture Research amp Safety Committee has served on various legislative and rules advisory committees for the State of Oregon and helped draft the regulations for Oregonrsquos Medical Marijuana Dispensary Program and he founded Oregonrsquos first cannabis medical clinic education amp support center

19

Our Team

As at May 1 2020

Shares Outstanding 100499318Stock Options nilWarrants nil

Debt nil

20

Our Capital Structure

xebrabrandscom

Page 18: May 2020market. • The U.S. market is greater than US$225 billion while the Canadian market is in excess of US$19 billion. • According to some estimates, the relative market for

Q2 2020Complete all brand and formulation development

Q3 2021Sales of CBD products

Q3 2020Complete all trademark applications covering 46 countries

Q4 2021Sales from first harvests

Q1 2021Sales of vaping products

Q4 2021Sales of beverages

Q2 2021Initiate cultivation

18

Dates and objectives are plans only actual results may vary

Our Projected Path to Revenue

Todd Dalotto PresidentHorticultural scientist and cannabis breeder Was instrumental in the drafting of Oregonrsquos medical marijuana legislation

Robert Giustra ChairmanActively engaged in venture capital and in founding funding and listing publicly traded companies for 28 years

Jordi Chemonte DirectorFounded several successful enterprises in Mexico Former CEO of Elements Bioscience a first-mover in Mexican cannabis

Jorge Martiacutenez COOOver 25 years of experience in venture capital Specialized in operational and management efficiencies

Andrew Yau CFOHas been in accounting and finance roles with publicly listed companies for 14 years

Rodrigo Gallardo Country Manager MexicoCorporate lawyer and business executive He was vital in the success of a number of Mexican start-up business ventures

Diego Chiguachi Colombia Chief Agronomist amp BreederAgro-engineer specialized in genetics Managed agricultural projects for the United Nations and for indigenous communities

Emisel Fonseca Food ScientistA food scientist and biotechnology engineer Is the head of a Mexican cosmetics and dietary supplements manufacturing company

Todd Dalotto President mdash FULL BIO

Mr Dalotto is a horticultural scientist public policy consultant and court-qualified expert witness specializing in cannabis He breeds and conducts horticultural research and consults businesses on the horticultural science and public policy of cannabis His research objectives over the past twenty years include breeding of in-bred lines morphology sustainable practices semi-passive greenhouse production and mutualisms Todd has a horticultural research degree with emphasis on sustainable agriculture and plant breeding from Oregon State University is former Chair of the Oregon Health Authorityrsquos Advisory Committee on Medical Marijuana (ACMM) as well as the ACMMrsquos Horticulture Research amp Safety Committee has served on various legislative and rules advisory committees for the State of Oregon and helped draft the regulations for Oregonrsquos Medical Marijuana Dispensary Program and he founded Oregonrsquos first cannabis medical clinic education amp support center

19

Our Team

As at May 1 2020

Shares Outstanding 100499318Stock Options nilWarrants nil

Debt nil

20

Our Capital Structure

xebrabrandscom

Page 19: May 2020market. • The U.S. market is greater than US$225 billion while the Canadian market is in excess of US$19 billion. • According to some estimates, the relative market for

Todd Dalotto PresidentHorticultural scientist and cannabis breeder Was instrumental in the drafting of Oregonrsquos medical marijuana legislation

Robert Giustra ChairmanActively engaged in venture capital and in founding funding and listing publicly traded companies for 28 years

Jordi Chemonte DirectorFounded several successful enterprises in Mexico Former CEO of Elements Bioscience a first-mover in Mexican cannabis

Jorge Martiacutenez COOOver 25 years of experience in venture capital Specialized in operational and management efficiencies

Andrew Yau CFOHas been in accounting and finance roles with publicly listed companies for 14 years

Rodrigo Gallardo Country Manager MexicoCorporate lawyer and business executive He was vital in the success of a number of Mexican start-up business ventures

Diego Chiguachi Colombia Chief Agronomist amp BreederAgro-engineer specialized in genetics Managed agricultural projects for the United Nations and for indigenous communities

Emisel Fonseca Food ScientistA food scientist and biotechnology engineer Is the head of a Mexican cosmetics and dietary supplements manufacturing company

Todd Dalotto President mdash FULL BIO

Mr Dalotto is a horticultural scientist public policy consultant and court-qualified expert witness specializing in cannabis He breeds and conducts horticultural research and consults businesses on the horticultural science and public policy of cannabis His research objectives over the past twenty years include breeding of in-bred lines morphology sustainable practices semi-passive greenhouse production and mutualisms Todd has a horticultural research degree with emphasis on sustainable agriculture and plant breeding from Oregon State University is former Chair of the Oregon Health Authorityrsquos Advisory Committee on Medical Marijuana (ACMM) as well as the ACMMrsquos Horticulture Research amp Safety Committee has served on various legislative and rules advisory committees for the State of Oregon and helped draft the regulations for Oregonrsquos Medical Marijuana Dispensary Program and he founded Oregonrsquos first cannabis medical clinic education amp support center

19

Our Team

As at May 1 2020

Shares Outstanding 100499318Stock Options nilWarrants nil

Debt nil

20

Our Capital Structure

xebrabrandscom

Page 20: May 2020market. • The U.S. market is greater than US$225 billion while the Canadian market is in excess of US$19 billion. • According to some estimates, the relative market for

As at May 1 2020

Shares Outstanding 100499318Stock Options nilWarrants nil

Debt nil

20

Our Capital Structure

xebrabrandscom

Page 21: May 2020market. • The U.S. market is greater than US$225 billion while the Canadian market is in excess of US$19 billion. • According to some estimates, the relative market for

xebrabrandscom