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N A IN D M A N U FACT <br /> ATTLEBORO-gBeistoll Countyl <br /> Aspen's largest cultivation facility will be located in a 25,000 sf newly constructed building adjacent to its Attleboro store,to be constructed on leased land. <br /> Utilizing Agrify Corporation's VFU technology,the Attleboro facility should produce over 6,000 lbs of flower annually,enough to supply all three Aspen adult-use <br /> stores and thus ensuring com2lete vertical inte@Lajign,Aspen expects that the CCC will issue a provisional license for this facility in the Summer of202O,and that <br /> construction will be completed in early 2021.Thus,this facility should be producing product by mid-2021. <br /> MASH PEE JCS a Cody <br /> Aspen is acquiring a 6,000 s"modern industrial building in Mashpee,MA,in Cape Cod's busiest commercial hub;the agreement is contingent upon securing all <br /> mu <br /> nicipal entitlements for a cultivation facility.(One or more of Aspen's principals will purchase the building and lease it back to Aspen so that Aspen's cash can <br /> be reserved for build-out and production.)The Town is extremely supportive of this initiative and has indicated that the opening of this facility will put Aspen in a <br /> tactically-superior position to be approved for an adult-use store when Mashpee next authorizes one(expected in early 2021).Utilizing Agrify's VFU technology,the <br /> Mashpee facility(expanded by 2,000 sf)should produce over 4,SOO lbs of flower annually, essof a 14t million <br /> an-in u .Aspen expects that it will successfully navigate and complete the Town's permitting process in the Fall(which was commenced in January but <br /> suspended by the town along with a I I ether planning beard matters due to the coro n avi ru s),at which paint the CCC a ppl icatio in will I I be f i led with a n a pprova 1 6± <br /> months thereafter.Thus,this facility should be producing product by raid--2021. <br /> A Note_RRLA9dN <br /> After considerable research and field work,Aspen's growers and engineers have decided to utilize Ag rify's Vertical Fa rm i ng U n it tech nology in its cultivation facilities.Incorporating Ag rify <br /> VFUs into the plan of development:(i)reduces the cost and timeline of facility build-out;(ii)promotes exponentially higher yield per square foot enabling Aspen to q <br /> product f rom less space;and(i ii)greatly shortens the ti me by which Aspen can s integration, I generate more <br /> J LJPPIY its own stores and achieve vertical ntegration,thus eliminating reliance on third-party growers.For <br /> more information,go to:IMMLa-Z-]!L-! n-M. <br /> Alkk AspenBlue <br /> www.aspenblue.coirn <br />