2021 PEICMC Annual Report

Auxly

FEATURED SUPPLIER The Auxly Charlottetown facility in Charlottetown, PEI

What are some of the new products that Auxly is excited about? Auxly is continuously evolving its portfolio of innovative products developed and manufactured at the Charlottetown facility. New products include the Kolab Project 232 Series Diamonds , an immensely popular THCA concentrate; and Dosecann Daily Relief CBD Cream , the industry’s most-powerful topical. Auxly expects the total addressable market in the recreational cannabis industry to continue growing, reaching $10B by 2025. While the dried flower market will still remain significant, as the recreational market matures, we will likely continue to see an increase in the 2.0 product space. As these trends continue to play out, the Canadian recreational market will likely see consolidation and further investment in to producing new and exciting products the delight consumers. How does Auxly see the adult use recreational cannabis industry evolving? What can customers expect from the Auxly Charlottetown facility in the next year? The Auxly Charlottetown facility will continue to seek to deliver on the company’s commitment to quality, safety and efficacy in the development and manufacture of industry-leading cannabis 2.0 products. Auxly Charlottetown will continue to solidify its leadership position in Cannabis 2.0 by launching a suite of new products designed to delight consumers.

Tell us a bit about the Auxly Charlottetown facility. How did it get started? Auxly’s 52,000 sq. ft., GMP-compliant state-of- the-art centre is proudly based in Charlottetown, and is a facility that houses extraction, research & development, product formulation, analytical testing and commercial manufacturing for Auxly’s branded products. The site has more than 300 dedicated employees who work to develop and produce a wide range of popular consumer products across multiple brands and product categories including vapes, edibles, topicals, oils and capsules. What are the signature brands developed at the Auxly Charlottetown facility? The brands that come out of the facility every day include: Back Forty – provides a better experience for less by keeping it simple with a product suite that fits seamlessly into the day-to-day. Dosecann – wellness products backed by science, advanced research and product development, driving today’s innovation and establishing tomorrow’s standards. Foray – Foray aims to be an accessible entry point for anybody, at any stage of their cannabis journey. Kolab Project – Premium products made with high- quality ingredients, for cannabis enthusiasts looking for a refined, elevated experience.

26 www.peicannabiscorp.com • 2021 Annual Report