Nor'easter Remedies LLC

Company Name: Nor'easter Remedies LLC

Company Website: http://noreasterremedies.com

Contact Name: Jordan Grossman

Contact Email: jordan.grossman@uconn.edu

What is your company's primary cannabis business?: Cultivation

Does your company touch the plant?: Yes

Do you authorize us to provide the following (Pitch Deck) information to our Members?: Yes

Company's Bio (Pitch Deck): N’R was founded and modeled on the sole aim to consistently cultivate the highest quality cannabis available under a fully compliant operation.
Each aspect of the business and cultivation strategy has been chosen to optimize plant quality and potency, positioning N’R as premium/top-shelf. N’R is utilizing the latest cultivationtechnologies and methods includingCOB LED lighting, fully sealed rooms, and a soilless growing medium.
The flexibility of the microbusiness license will allow N’R to shift production focus from cultivating flower in early years of high demand, then shifting focus into production of
in-demand extracts as flower prices decline and can be utilized as an input.

C-Suite Bio's (Pitch Deck): Robert Harder
Graduated Yale University in 2015 with a BA in Economics
Worked as an analyst at UBS Investment Bank in New York
offering mergers & acquisitions, valuation and sector analysis
Responsible for corporate and financial obligations at N’R

Connor McTaggart
Graduated UConn in 2014 with BAs in Psychology & Philosophy
Graduated UNH in 2017 with a MS in Healthcare Administration
Three years of small to medium scale cultivation experience
Responsible for day-to-day operations and cultivation at N’R

Jordan Grossman
Graduated UConn in 2014 with a BS in Communications
Worked as a professional musician and club manager while
pursuing small scale cultivation for three years
Responsible for marketing, sales relationships, community
outreach, communications and human resources at N’R

Growth Plan (Pitch Deck): Working with a max of only five years of real-world pricing data for the
adult-use market, there is limited insight into future prices, and no
guarantee that pricing in Massachusetts will follow the same pattern
N’R has compiled a database of reliable wholesale pricing data points
from all legal states over time in an effort to model future prices
and get a sense for average rate of decline. Despite variations between
states, it is clear that following an initial period of supply shortage and
outsized demand, prices gradually decline as more licensees enter the
market; N’R estimates this decline at ~4% per year
The microbusiness license gives N’R the flexibility to cultivate and sell
raw flower, process that flower into extracts/infused products, or
purchase additional raw flower from other growers for processing
Thus the license effectively acts as a hedge against falling wholesale
flower prices as flower can be considered either an output or input;
favoring full focus on cultivation efforts in the early years to maximize
flower as an output while market supply is low, and shifting in later
years to capitalize on the lower flower prices as an input from which
value-add processing can turn a higher profit on in-demand goods
N’R has built a dynamic model that determines an optimum production
split between cultivation and processing in order to both maximize
revenue / profit given any wholesale flower price, and minimize
revenue sensitivity to any rate of decline in wholesale prices

Investment Opportunities (Pitch Deck) : EQUITY INVESTMENT SUMMARY
Seeking a total of $1.5 million in equity commitments
$500k minimum check size
Offering 15% equity stake per $500k investment (45% float)
N’R is structured as an LLC and will pass annual net profit through
to equity holders as per their ownership percentage
Equity ownership entitles holder to ongoing earnings from N’R
beyond Year 10 and a portion of any proceeds in a future sale

DEBT INVESTMENT SUMMARY
Seeking a total of $1.0 million in debt commitments
$250k minimum check size
Ten-year debt instrument, 1/10th of principal returned annually
15% interest rate on yearly opening balance paid annually
Holds most senior rights to N’R assets and repayment
Confers no economic ownership or voting interest in N’R

Commercials Starting at $95.00

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