Bespoke Extracts Inc · OTC:BSPK
Bespoke Extracts — Investor Presentation (April 2024)
19 slides from Bespoke Extracts's investor presentation, Apr 19, 2024
Slide 1: Bespoke
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation and other written or oral statements made from time to time by representatives of Bespoke Extracts, Inc. contain “forward-looking statements”. Forward-looking statements reflect the current view about future events. Statements that are not historical in nature
Slide 3: US Regulated Cannabis Industry
US REGULATED CANNABIS INDUSTRY $ 35 BILLION Cannabis remains a growth opportunity Regulated Cannabis Market • Cannabis is still federally illegal 12 % ▪ Products containing cannabis derived THC cannot cross state lines of the Product Mix is Pre-rolls ▪ Every market has a different regulatory environ
Slide 4: Existing Operators Not Capitalized Well for National Cannabis
EXISTING OPERATORS NOT CAPITALIZED WELL FOR NATIONAL CANNABIS Existing Large Operators have Existing MSOs Already Have Given absence of US Bankruptcy We model our business based on Built Their Business Based on Heavy Debt Loads – Regardless protection, we anticipate a declining price of cannabis and
Slide 5: Cannabis Stock Bubble
CANNABIS STOCK BUBBLE LEAVING A MESS IN ITS WAKE Cannabis Investing Has Been a Current Revenue/Share of Existing Still No US Institutional Ownership Institutional investment Series of Successive Mini-Bubbles MSOs is not meaningful: Does not of Industry Participants: ETFs are will coincide with East
Slide 6: We Are Experienced in All Facets of Regulated Cannabis
WE ARE EXPERIENCED RETAIL IN ALL FACETS OF REGULATED CANNABIS The Bespoke team has designed, built and operated dispensaries in 14 states Strategy begins in Colorado, but we have worked on cannabis related projects in each of these markets CULTIVATION The Bespoke team has owned, designed, built and/
Slide 7: Company Strategy
COMPANY STRATEGY BESPOKE EXTRACTS Deliver shareholder Identify popular Aggregator of craft, Hyperfocus on Leverage our value through product categories quality product to Business Reality management team’s meaningful in other cannabis produce the highest experience in both financial returns markets
Slide 8: Our Timeline
OUR TIMELINE 2021/2022 2023 2024 2024 January 1 New Management Colorado Growth Closed WonderLeaf Team & Change Acquisition & Expansion into of Control new states January 3 Uplisting Launched Fresh Joints Changed fiscal year QUARTER ENDING and corporate cleanup 23-MAR 23-JUN 23-SEP 23-DEC Purchased 1
Slide 9: The Pre-Roll Market Opportunity
THE PRE-ROLL MARKET OPPORTUNITY COLORADO MARKET EXPANSION MARKETS OUR HOMETOWN WHERE WE ARE GOING $ 1.5 BILLION est. 2024 in Cannabis Sales at The Register $ 6.4 BILLION est. 2024 in Cannabis Sales at The Register 12% of the Product Mix is Pre-Rolls 12% of the Product Mix is Pre-Rolls $180 MILLION $
Slide 10: Input Material
INPUT MATERIAL We only source whole flower that’s potent & flavorful Trust us we know weed GRIND SIZE In-house large fluffy hand FRESHNESS grind, we never turn the weed into dust We roll to order which means we minimize time in paper & tube
Slide 11: Current Product Lineup
CURRENT PRODUCT LINEUP Our one-gram Fresh Joint is a major hit, contributing to over 75% of our 2023 revenue. Our brand lineup has expanded to include infused joints with specific isolate-derived cannabinoids. 1G JOINTS 1G ROSIN ROLL BOX O JOINTS WEE JOINTS Rolled with Fresh Infused with Live Rosin
Slide 12: Fresh Packaging
FRESH PACKAGING We change our packaging weekly. New tubes, new colors, new attitudes.
Slide 13: Our Business
OUR BUSINESS BESPOKE EXTRACTS MANUFACTURES 10 93 46+% Employees Retail Customers in Colorado FY 2023 Gross Margin 7 18 40 % SKUS Days Average Reorder Revenue Growth Rate Per Quarter 1,900+ 1,580 $ 5 Joints rolled per day in Q1 2024 Average Order Size Consecutive Quarters of Growth 251,000+ 99 % 1 Jo
Slide 14: How We Plan to Launch in Additional States
HOW WE PLAN TO LAUNCH IN ADDITIONAL STATES DUE DILLIGENCE MONTH 1 MONTH 2 MONTH 3 WEEK 1 WEEK 1 WEEK 1 WEEK 1 Identifying Market Pricing / COGS Model Securing Operational Sales & Marketing Push Identifying fragmented markets with an oversupply of concentrate Define our pricing based on economic / re
Slide 15: The Team
THE TEAM This team has already scaled for growth in Colorado. New markets will require a single general manager and a sales rep. Production will bolt on with growth in every new market. Michael Hunter EXECUTIVE CHAIRMAN PRESIDENT Greg Steve Madi Roxanne CORPORATE DEVELOPMENT SOURCING & DEV CREATIVE
Slide 16: Potential Expansion Markets
POTENTIAL EXPANSION EVERY MARKET OFFERS US OPERATIONAL LEVERAGE MARKETS TOP 8 ADULT ESTIMATE 2023 ANNUAL ESTIMATED ANNUAL PRE-ROLL NUMBER OF RECREATIONAL ESTIMATED AVERAGE PRE-ROLL SALES/ USE MARKETS REVENUE MARKET DISPENSARIES DISPENSARY PER MONTH California $4.9B $600M 1,000 $49K Michigan $2.9B $3
Slide 17: Our Largest Retailers in Colorado
OUR LARGEST RETAILERS IN COLORADO AS OF JANUARY 2024, THERE ARE 1,023 ACTIVE LICENSES IN COLORADO 630 RETAIL STORES • We are working with some of the best boutique dispensaries in Colorado • We plan to leverage these relationships and add additional SKU’s to our portfolio • Expansion of Fresh Joints
Slide 18: Cannabis Brands and Why Fresh Joints Is Different
CANNABIS BRANDS AND WHY FRESH JOINTS IS DIFFERENT WE ARE TRUE TO THE FLOWER Like a sushi chef picks the best fish, we take extreme pride in choosing exceptional flower for our customers At the very heart of our brand is a passion for extraordinary flower. If we won’t smoke it, we OTHER BRANDS won’t
Slide 19: Thank You
Michael Feinsod [email protected] Hunter Garth [email protected] Greg Liss [email protected] THANK YOU
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