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NRC Equity Fund 1
<br /> 13.0 LICENSES
<br /> INITIAL LICENSE SECONDARY
<br /> Any Small Cultivation Type (1, 1A, 113, 2, 2A, 213) Either Manufacturing type (6 or 7)
<br /> Either Manufacturing type (6 or 7) Any small cultivation type (1, 1A, 113, 2, 2A, 2B)
<br /> Either Manufacturing type (6 or 7) Limited Dispensary type (10A)
<br /> Limited Dispensary type (10A) Either Manufacturing type (6 or 7)
<br /> ANY SMALL CULTIVATION TYPE (1, 1A, 113, 2, 2A, LIMITED DISPENSARY TYPE (10A)
<br /> 2B)
<br /> Limited Dispensary type (10A) Any small cultivation type (1, 1A, 1B, 2, 2A, 2B)
<br /> DISTRIBUTION TYPE (11) TRANSPORTER TYPE (12)
<br /> TRANSPORTER TYPE (12) DISTRIBUTION TYPE (11)
<br /> LIMITED VERTICAL INTEGRATION
<br /> INITIAL LICENSE MAYAPPLY ' I WHILE HOLDING
<br /> Any small cultivation type (1, IA, 1B, 2, 2A,
<br /> Limited Dispensary (10A) Manufacture type (6 or 7) 213), as long as total cannabis canopy size
<br /> does not exceed 4 acres
<br /> With the exception of transportation, each location of commercial activity will require a
<br /> separate license by the licensee, and licenses will be valid for 12 months. Other key
<br /> provisions expected to have the most substantial impact on medical cannabis market
<br /> include:
<br /> 13.1 Adult Use Licensing 1 ramework
<br /> DESCRIPTION
<br /> LICENSE TYPE
<br /> TYPE 1 Cultivation;Specialty outdoor. Up to 5,000 square feet of canopy,or up to 50 noncontiguous
<br /> plants. (Small)
<br /> TYPE IA Cultivation; Specialty indoor,Up to 5,000 square feet. (Small)
<br /> TYPE 113 Cultivation;Specialty mixed-light. Using exclusively artificial lighting. (Small)
<br /> TYPE 2 Cultivation; outdoor,up to 5,000 square feet using a combination of artificial and natural
<br /> lighting. (Small)
<br /> TYPE 2A Cultivation;Indoor, 5,001 — 10,000 square feet. (Small)
<br /> TYPE 2B Cultivation;Mixed—light, 5,001 — 10,000 square feet. (Small)
<br /> TYPE 3 Cultivation;Outdoor, 10,001 square feet— 1 acre. (Medimm)
<br /> TYPE 3A Cultivation;Indoor, 10,001 —22,000 square feet. (Medimm)
<br /> TYPE 3B Cultivation;Mixed—light, 10,001 —22,000 square feet. (Medium)
<br /> TYPE 4 Cultivation;Nursery.
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