CSE Financing Report - January 2019

CSE Financing January 2019 Prepared by CPE Media Inc.

January 2019 Highlights Activities slowed down; new listings continue strong momentum • CSE financing activities slowed down in January 2019 with 41 financings for $42 million.

• Cannabis life sciences financing led with $27.5 million or 65% of the total amount. Diversified and Mining sector issuers followed with $7.4 million and $5.6 million respectively.

• Normal equity and convertible debenture types of financing led with $20 million and $15 million respectively. Only one RTO and non-offering type of financing completed in the month, raising $100,000.

• BC headquartered issuers led with $28 million or 67% of the total. Issuers with major US assets/operations raised $20 million or 47% of the total • 11 new issuers listed on the CSE: 4 from TSX Venture Exchange (TSX-V), 2 IPOs, 4 RTO/non-offering listings and 1 cross-listing from OTC. • As of February 13, 2019, 60 issuers are seeking CSE listing approval.

CSE FINANCING ACTIVITIES - JANUARY 2019

120

1,400

90

1,050

60

700

30

350

Monthly Trends • 41 financings completed for $42 million in January 2019. A smaller number of deals and lack of large deals contributed to the slowdown.

• The total number of deals decreased by 51% from December 2019 (84) and 50% from January 2018 (82). The total amount raised decreased by 88% from December 2018 ($340 million) and 81% from January 2018 ($225 million).

• The CSE led all exchanges in new

0

1-16 3-16 5-16 7-16 9-16 11-16 1-17 3-17 5-17 7-17 9-17 11-17 1-18 3-18 5-18 7-18 9-18 11-18 1-19 # Deals

30

22

22.5

17 15

listings with 11 new listings. There were only 4 new listings, all CPCs, on

7.5

TSX-V, and 1 non-ETF new listing on TSX, which was a graduation from TSX-V.

$ Raised (Mils)

6 3

0

7 4 4

2

1

3 0

1

2

3

4

5

6 3 3

3

5 2

7

8

12 12

11

10 10

8

7

9

10

11 8

5 2

1-16 3-16 5-16 7-16 9-16 11-16 1-17 3-17 5-17 7-17 9-17 11-17 1-18 3-18 5-18 7-18 9-18 11-18 1-19

0

CSE FINANCING ACTIVITIES - JANUARY 2019

Small-sized deals drive average deal size down • The average deal size for January 2019 was $1.35 million, down from $4.05 million in December 2018, and down from $2.74 million year

Average deal size in 2018-2019 ($K) 16,000

$14,059

12,000

$11,485

earlier in January 2018. • All of the January deals were less than $10 million in size. The largest deal was the $9.83 million final tranche of upsized $15 million

8,000

$6,772 $5,503

$5,324 $4,791

convertible debenture financing completed by C21 Investments (CSE: CXXI).

$4,049

$3,868 $3,689

4,000

$3,015

$2,743

$2,917 $1,035

0

1-18

2-18

3-18

4-18

5-18

6-18

7-18

8-18

9-18

10-18

11-18

12-19

1-19

CSE FINANCING ACTIVITIES - JANUARY 2019

RTO financing retreats temporarily in January

5%

• One RTO type of financing raised $0.44 million (0%) in January, down from $67.7 million (18%) in December 2018 or $2.7 billion (51%) for 2018.

7%

36%

2019 $ by Deal Type 48%

5% IPO

• Normal equity type of financing regained top ranking, raising $19.9 million or 48% of the total amount. Led by C21 Investments deal, convertible debenture type

Equity

FT

expected to be temporary.

Convert. Debt

Debt

Debt Settlement

1% 5% 4%

5%

of financing raised $15.3 million or 36% of the total.

• With 25 RTO and 11 TSX-V migration listing pending, the retreat by RTO type of financing is

RTO

2018 $ by Deal Type

34%

51%

IPO

Equity

FT

RTO

Convert. Debt

Debt

Debt Settlement

CSE FINANCING ACTIVITIES - JANUARY 2019

US based issuers’ share of financing down in January • US based issuers raised $6.3 million in January or 15% of the total amount, down 53% of the total in 2018.

100%

50%

$19.9 million or 47% of the total amount, down from 63% of the total amount in 2018.

53% 99%

98%

85%

25%

• BC based issuers led with $28.4

• US based and Canadian issuers with major US operations raised

15%

75%

0%

million or 67% of the total amount or 79% of the Canadian total amount.

1%

$ TOTAL RAISED BY HEADQUARTERS 1%

47%

2016

Canada

2017

USA

2018

Foreign

2019

$ TOTAL RAISED BY MAJOR ASSETS/OPERATIONS 100% 75%

2%

5%

11%

21%

23%

16%

63% 47%

50% 73%

72%

25%

0%

2016

Canada

2017

USA

35%

32%

2018

2019

Foreign

CSE FINANCING ACTIVITIES - JANUARY 2019

Cannabis life science deals continue to lead • Cannabis life science issuers led all financings, raising $27.5 million in January, representing 65% of the total amount, down from 77% in 2018.

• Diversified industry sector, which includes investment issuers targeting cannabis sector, raised $7.4 million or 18% of the total amount, up from 13% in 2018.

1%

18%

13%

2019 ($)

1%

65%

3%

Life Science (non-Cannabis) Technology (non-blockchain) Mining Diversified Real Estate

Cannabis Blockchain CleanTech Oil & Gas

13% 1%

1% 4% 3%

• Mining sector issuers raised $5.6 million or 13%, of the total amount,

2%

Life Science (non-Cannabis) Technology (non-blockchain) Mining Diversified Real Estate

2018 ($)

up from 4% in 2018.

77%

Cannabis Blockchain CleanTech Oil & Gas

CSE FINANCING ACTIVITIES - JANUARY 2019

BC based cannabis issuers lead in January

3% 17%

• BC headquartered cannabis issuers led with $18.2 million or 66% of total cannabis fundraising amount. US based cannabis issuers raised $6.3 million or 23%

BC IL OH WA

3% 5% 6%

ON NY NV KY

AB AZ FL WY

66%

of the total cannabis amount.

• Though still small in scale, CSE cannabis issuers are expanding operations to following countries outside of Canada and USA including Israel, Serbia, Congo DR, Colombia.

• CSE issuers with major cannabis operations outside of Canada and US raised $6.9 million in January, down from $40.5 million in 2018.

$ millions

2016

2017

2018

2019

Canada

205.6

703.0

1,335.2

21.2

USA

0.0

0.1

2,702.3

6.3

Israel

0.0

0.0

6.3

0.0

Total

205.6

703.2

4,043.8

27.5

QC CA MN Israel

MA CO RI

CSE FINANCING ACTIVITIES - JANUARY 2019

New listings and pending listings continue strong momentum • 11 new listings reported in January 2019.

• 60 issuers were seeking for listing on CSE as of February 13, 2019.

Mechanism

Listed in January 2019

Pending as of February 13, 2019

Initial Public Offering (IPO)

2

17

TSX Venture Exchange

4

11

RTO/Non-offering

4

25

OTC Cross Listing

1

7

11

60

TOTAL

CSE FINANCING ACTIVITIES - JANUARY 2019

Other results January 2019 • Non-traditional types of fundraising, including exercises of warrant, option, over-allotment option, incentive warrant exercise, did not raise any money in January.

• Exempt type of financing raised $38.9 million or 92% of the total amount.

• Common equity type related financing raised $24.3 million or 57% of the total. Subscription receipt financing raised $5.2 million or 12% of the total.

• Non-brokered type of deals led all financing with $24.4 million, accounting for 58% of the total amount.

• Cannabis vertical issuers raised $27.1 million or 64% of the total. Blockchain vertical issuers raised $0.44 million or 1% of the total.

• Investors from 25 jurisdictions participated in CSE financings in January (see full list for details).

• Investors from BC, Ontario, Alberta, Bahamas and UAE ranked as top five funding sources, collectively investing $20.5 million in CSE issuers, representing 48% of the total amount.

• 15 dealers/brokers, corporate finance or other firms assisted CSE issuers in fundraising (see full list for details).

• For full results of 2016-2019, please consult the attached analysis.

The Canadian Securities Exchange (CSE) Financing Activity 2016 - 2019

By Month January February March April May June July August September October November December Total

2016 # Deals $ Raised (K) 21 9,404 18 7,094 27 21,176 34 13,697 36 31,064 43 44,288 33 17,974 37 54,280 49 75,922 33 24,506 41 74,879 60 116,547 432 490,831

2017 # Deals $ Raised (K) 42 70,979 56 115,488 47 79,885 30 33,437 49 98,969 57 85,820 32 23,394 59 82,214 46 37,601 73 159,138 92 204,733 120 397,491 703 1,389,147

Prepared by CPE Media Inc. for The Canadian Securities Exchange (CSE)

2018 # Deals $ Raised (K) 82 224,915 55 212,716 103 379,919 77 232,168 56 308,153 64 306,606 54 157,520 61 413,119 63 335,404 100 1,148,526 87 1,223,093 84 340,105 886 5,282,245

2019 # Deals $ Raised (K) 41 42,441

41

42,441

1 of 12

The Canadian Securities Exchange (CSE) Financing Activity 2016 - 2019

By Deal Type IPO Equity Financing (NFT) FT Financing Private Placement - RTO* Convertible Debt Financing Debt Financing Debt Settlement Total * includes non-offering financing

IPO Equity Financing (NFT) FT Financing Private Placement - RTO* Convertible Debt Financing Debt Financing Debt Settlement Total

2016 # Deals $ Raised (K) 4 2,423 327 336,250 12 2,413 0 0 35 114,741 15 14,252 39 20,752 432 490,831

2017 # Deals $ Raised (K) 10 10,634 518 993,339 15 11,066 23 93,236 63 135,513 15 119,062 59 26,297 703 1,389,147

2018 # Deals $ Raised (K) 28 209,867 568 1,804,063 14 11,545 120 2,703,016 61 254,100 23 267,473 72 32,180 886 5,282,245

2019 # Deals $ Raised (K) 2 3,462 21 19,908 4 1,810 1 100 5 15,258 1 170 7 1,733 41 42,441

January 2019 # Deals $ Raised (K) 2 3,462 21 19,908 4 1,810 1 100 5 15,258 1 170 7 1,733 41 42,441

December 2018 # Deals $ Raised (K) 2 2,638 43 149,638 4 1,571 17 60,662 8 22,094 4 101,930 6 1,572 84 340,105

2019 # Deals $ Raised (K) 2 3,462 21 19,908 4 1,810 1 100 5 15,258 1 170 7 1,733 41 42,441

2019 # Deals

Prepared by CPE Media Inc. for The Canadian Securities Exchange (CSE)

$ Raised (K)

2 of 12

The Canadian Securities Exchange (CSE) Financing Activity 2016 - 2019

By CSE Sector Life Sciences - non Cannabis Cannabis - Life Sciences Technology - non Blockchain BlockchainCrypto - Technology Mining CleanTech Diversified Industries Oil & Gas Real Estate Total

2016 # Deals $ Raised (K) 37 18,307 69 205,594 93 85,099 5 1,638 135 100,148 20 8,124 57 47,893 14 23,038 2 990 432 490,831

2017 # Deals $ Raised (K) 38 49,797 160 703,158 136 181,133 27 66,525 196 207,647 49 29,423 72 124,038 22 26,721 3 705 703 1,389,147

2018 # Deals $ Raised (K) 45 53,858 276 4,043,770 121 110,387 42 139,314 223 218,532 26 30,502 133 662,804 9 7,785 11 15,292 886 5,282,245

Life Sciences - non Cannabis Cannabis - Life Sciences Technology - non Blockchain BlockchainCrypto - Technology Mining CleanTech Diversified Industries Oil & Gas Real Estate Total

January 2019 # Deals $ Raised (K) 2 264 15 27,534 5 1,063 1 442 11 5,569 1 25 5 7,429 1 115 0 0 41 42,441

December 2018 # Deals $ Raised (K) 1 205 30 286,494 8 6,773 3 1,428 27 17,490 4 2,429 10 22,165 0 0 1 3,121 84 340,105

2019 # Deals $ Raised (K) 2 264 15 27,534 5 1,063 1 442 11 5,569 1 25 5 7,429 1 115 0 0 41 42,441

Prepared by CPE Media Inc. for The Canadian Securities Exchange (CSE)

2019 # Deals $ Raised (K) 2 264 15 27,534 5 1,063 1 442 11 5,569 1 25 5 7,429 1 115 0 0 41 42,441

3 of 12

The Canadian Securities Exchange (CSE) Financing Activity 2016 - 2019

By Location - HQ - Province, State, Country British Columbia Ontario Alberta Quebec Nova Scotia Manitoba New Brunswick Saskatchewan Massachusetts Illinois New York California Arizona Colorado Ohio Nevada Florida Minnesota Washington Rhode Island Texas Oregon Pennsylvania Idaho Kentucky Wyoming Israel All other foreign countries Total

2016 # Deals $ Raised (K) 261 261,051 125 183,655 4 10,537 22 22,383 0 0 8 5,889 2 345 3 3,280 0 0 0 0 0 0 5 3,017 0 0 1 415 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 259 432 490,831

2017 # Deals $ Raised (K) 463 720,507 166 578,898 15 11,492 40 50,313 1 175 11 6,359 3 2,051 0 0 0 0 0 0 0 0 0 0 0 0 1 145 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2 9,207 0 0 0 0 0 0 0 0 1 10,000 703 1,389,147

Prepared by CPE Media Inc. for The Canadian Securities Exchange (CSE)

2018 # Deals $ Raised (K) 539 1,360,935 198 933,433 22 128,221 34 64,647 2 3,240 9 1,742 1 108 0 0 5 688,357 6 434,656 1 415,971 11 466,066 1 288,091 17 155,466 4 100,683 6 97,836 3 65,484 2 16,186 10 17,517 2 20,350 3 8,012 1 1,950 1 518 2 161 0 0 1 4,836 2 6,293 3 1,486 886 5,282,245

2019 # Deals $ Raised (K) 18 28,370 14 5,522 1 1,262 3 980 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 696 0 0 2 4,725 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2 886 0 0 0 0 0 0 41 42,441

4 of 12

The Canadian Securities Exchange (CSE) Financing Activity 2016 - 2019

By Location - Major Assets - Provinces, Countries, Regions Alberta British Columbia Manitoba New Brunswick Newfoundland Northwest Territories Nova Scotia Nunavut Ontario PEI Quebec Saskatchewan Yukon USA Mexico Africa Asia Europe Middle East South America & Caribbeans Total

2016 # Deals $ Raised (K) 4 4,309 185 167,381 6 5,636 2 345 2 1,067 1 82 0 0 1 1,123 96 147,710 0 0 25 22,642 9 7,470 1 400 66 77,653 6 1,352 10 14,967 5 9,128 5 18,995 5 9,661 3 910 432 490,831

2017 # Deals $ Raised (K) 19 35,235 327 519,672 12 6,531 0 0 2 474 0 0 1 404 3 3,691 125 368,636 0 0 45 53,063 7 7,562 4 2,553 109 320,662 5 3,292 7 6,935 6 11,491 6 10,307 8 16,283 17 22,356 703 1,389,147

Prepared by CPE Media Inc. for The Canadian Securities Exchange (CSE)

2018 # Deals $ Raised (K) 23 160,489 366 856,276 10 1,511 0 0 2 3,240 2 1,800 6 3,413 1 3,227 124 729,379 0 0 47 76,948 4 2,794 4 2,117 239 3,337,825 5 3,625 9 12,906 6 4,955 8 22,063 3 6,693 27 52,984 886 5,282,245

2019 # Deals $ Raised (K) 1 1,262 13 8,459 0 0 0 0 0 0 0 0 0 0 0 0 8 2,246 0 0 4 1,595 0 0 0 0 11 19,878 0 0 0 0 0 0 0 0 2 6,924 2 2,077 41 42,441

5 of 12

The Canadian Securities Exchange (CSE) Financing Activity 2016 - 2019

Cannabis - Life Sciences, By Province, State, Country British Columbia Ontario Alberta Quebec Massachusetts Illinois New York Arizona California Colorado Ohio Nevada Florida Minnesota Rhode Island Washington Kentucky Wyoming Israel Total

2016 # Deals $ Raised (K) 45 97,083 24 108,511 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 69 205,594

2017 # Deals $ Raised (K) 124 329,823 34 371,107 1 2,083 0 0 0 0 0 0 0 0 0 0 0 0 1 145 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 160 703,158

2018 # Deals $ Raised (K) 152 698,688 65 626,968 2 7,257 1 2,310 4 686,687 6 434,656 1 415,971 1 288,091 8 440,716 15 153,430 4 100,683 5 67,836 2 62,363 2 16,186 2 20,350 3 10,449 0 0 1 4,836 2 6,293 276 4,043,770

2019 # Deals $ Raised (K) 8 18,241 1 1,724 1 1,262 0 0 0 0 0 0 0 0 0 0 1 696 2 4,725 0 0 0 0 0 0 0 0 0 0 0 0 2 886 0 0 0 0 15 27,534

Canada USA Israel Total

2016 # Deals $ Raised (K) 69 205,594 0 0 0 0 69 205,594

2017 # Deals $ Raised (K) 159 703,013 1 145 0 0 160 703,158

2018 # Deals $ Raised (K) 220 1,335,223 54 2,702,254 2 6,293 276 4,043,770

2019 # Deals $ Raised (K) 10 21,227 5 6,307 0 0 15 27,534

Prepared by CPE Media Inc. for The Canadian Securities Exchange (CSE)

6 of 12

The Canadian Securities Exchange (CSE) Financing Activity 2016 - 2019

Cannabis - Life Sciences, By Major Assets - Province, State, Country British Columbia Ontario Alberta Quebec Massachusetts Illinois New York New Jersey Arizona California Colorado Ohio Nevada Florida Minnesota Rhode Island Washington Kentucky Oregon Wyoming Serbia Israel Congo DR Colombia Total

2016 # Deals $ Raised (K) 42 74,257 23 96,511 0 0 0 0 0 0 0 0 2 21,526 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1,300 0 0 1 12,000 0 0 0 0 0 0 0 0 0 0 69 205,594

2017 # Deals $ Raised (K) 107 264,669 24 227,747 2 2,363 5 8,351 0 0 0 0 3 40,308 0 0 4 76,024 0 0 2 6,051 0 0 6 12,854 0 0 0 0 0 0 3 2,510 0 0 3 59,781 0 0 1 2,500 0 0 0 0 0 0 160 703,158

Prepared by CPE Media Inc. for The Canadian Securities Exchange (CSE)

2018 # Deals $ Raised (K) 113 478,275 41 479,733 5 39,130 9 14,771 3 166,603 8 436,021 3 450,926 1 520,084 4 347,055 15 465,410 15 153,430 4 100,683 21 163,105 2 62,363 2 16,186 2 20,350 8 18,751 0 0 9 70,431 0 0 4 14,019 3 6,693 2 7,079 2 12,672 276 4,043,770

2019 # Deals $ Raised (K) 5 2,181 0 0 1 1,262 0 0 0 0 0 0 0 0 0 0 0 0 1 696 2 4,725 0 0 1 1,035 0 0 0 0 0 0 0 0 2 886 1 9,825 0 0 0 0 2 6,924 0 0 0 0 15 27,534

7 of 12

The Canadian Securities Exchange (CSE) Financing Activity 2016 - 2019

Cannabis - Life Sciences, By Major Assets - Province, State, Country Canada USA Serbia Israel Congo DR Colombia Total

2016 # Deals $ Raised (K) 65 170,768 4 34,826 0 0 0 0 0 0 0 0 69 205,594

2017 # Deals $ Raised (K) 138 503,130 21 197,528 1 2,500 0 0 0 0 0 0 160 703,158

Prepared by CPE Media Inc. for The Canadian Securities Exchange (CSE)

2018 # Deals $ Raised (K) 168 1,011,909 97 2,991,398 4 14,019 3 6,693 2 7,079 2 12,672 276 4,043,770

2019 # Deals $ Raised (K) 6 3,443 7 17,167 0 0 2 6,924 0 0 0 0 15 27,534

8 of 12

The Canadian Securities Exchange (CSE) Financing Activity 2016 - 2019

By Deal Classification Non-Brokered Brokered Prospectus Offering Rights Offering Total

2016 # Deals $ Raised (K) 407 340,837 20 145,760 4 2,423 1 1,811 432 490,831

2017 # Deals $ Raised (K) 651 916,332 33 428,892 15 32,188 4 11,735 703 1,389,147

2018 # Deals $ Raised (K) 774 2,083,348 61 2,427,030 50 768,996 1 2,871 886 5,282,245

2019 # Deals $ Raised (K) 36 24,429 3 14,550 2 3,462 0 0 41 42,441

2017 # Deals $ Raised (K) 36 53,662 0 0 1 8,274 21 13,012 645 1,314,199 703 1,389,147

2018 # Deals $ Raised (K) 52 62,209 2 9,762 3 5,728 30 15,530 799 5,189,016 886 5,282,245

2019 # Deals $ Raised (K) 0 0 0 0 0 0 0 0 41 42,441 41 42,441

2018 # Deals $ Raised (K) 610 3,537,908 139 1,187,898 137 556,439 886 5,282,245

2019 # Deals $ Raised (K) 29 36,420 9 2,511 3 3,510 41 42,441

By Warrant and Option Exercise Warrant Over Allotment* Incentive Option N/A Total

2016 # Deals $ Raised (K) 13 8,610 0 0 0 0 4 398 415 481,823 432 490,831

*does not include over-allotment exercise at the time of the closing of the financing

By Exempt Type* Exempt with breakdown Exempt with no breakdown Non Exempt Total

2016 # Deals $ Raised (K) 289 364,583 95 88,511 48 37,737 432 490,831

2017 # Deals $ Raised (K) 461 897,703 148 292,157 94 199,287 703 1,389,147

*numbers subject to change as information becomes avaiable

Prepared by CPE Media Inc. for The Canadian Securities Exchange (CSE)

9 of 12

The Canadian Securities Exchange (CSE) Financing Activity 2016 - 2019

By Security Type Common shares Common shares/notes Common units Common units/FT shares FT units Subscription Receipt Convertible Debt Prom. Note/Loan Total

Select Verticals 2019 # Deals $ Raised (K) 10 4,262 1 144 20 18,667 1 640 2 540 1 5,200

5 1 41

12,818 170 42,441

By To 10 Geo-Funding Sources British Columbia Ontario Alberta Bahamas United Arab Emirates Austria Cayman Islands Quebec Germany Belgium

2019 # Deals* $ Invested (K) 22 9,306 21 8,971 10 1,486 1 400 2 300 1 296 2 218 6 188 3 162 3 143

*deal participated, not to add up Prepared by CPE Media Inc. for The Canadian Securities Exchange (CSE)

Cannabis GoldSilver Investment TechMetals BlockchainCrypto Biotech

CleanTech

2019 # Deals $ Raised (K) 17 27,073 6 3,556 3 2,854 2 1,056 1 442 1 100

1

25

Funding Source - Provinces and Territories BC ON AB QC NB SK MB NS NL YK NT PEI

2019 # Deals* $ Invested (K) 22 9,306 21 8,971 10 1,486 6 188 1 4 3 64 1 100 0 0 0 0 0 0 0 0 0 0 10 of 12

The Canadian Securities Exchange (CSE) Financing Activity 2016 - 2019

Top 5 Brokers/Dealers/Finders - 2019 Underwriter # Deals $Total Deal (K)* Canaccord Genuity Corp.

2 4,725 PI Financial Corp.

1 1,597 Mackie Research Capital Corporation 0 0 Chippingham Financial Group Limited 0 0 Raymond James Ltd. 0 0

Finder # Deals$ Total Deal (K) 2 6,924 2 6,924 3 7,364 1 5,200 1 5,200

Total # Deals$ Total Deal (K) 4 11,649 3 8,521 3 7,364 1 5,200 1 5,200

* sum of the value of all deals involved - not to be summed up. (Each of the participating dealer/finder is credited with the same deal value)

New Listings: January 2019 Company Name Asia Cannabis Corp.

Transcanna Holdings Inc. SLANG Worldwide Inc. Etruscus Resources Corp.

Abacus Health Products Inc.

Symbol

Mechanism

CSE: ASIA CSE: TCAN CSE: SLNG CSE: ETR CSE: ABCS

IPO IPO Non-offering Non-offering RTO

Cannara Biotech Inc.

CSE: LOVE

RTO

3 Sixty Risk Solutions Ltd.

CSE: SAFE

TSX-V

EarthRenew Inc. EXMceuticals Inc. Organic Flower Investments Group Inc. CLS Holdings USA Inc.

CSE: ERTH CSE: EXM CSE: SOW

TSX-V TSX-V TSX-V

CSE: CLSH.U

OTC

Prepared by CPE Media Inc. for The Canadian Securities Exchange (CSE)

Other Listing

11 of 12

The Canadian Securities Exchange (CSE) Financing Activity 2016 - 2019

New Issuers by Sector Category Cannabis Mining Technology* Diversified and other Total

2016 4 10 15 7 36

2017 14 30 19 3 66

2018 55 37 24 7 123

2019 7 1 1 2 11

2016 1 2 33 36

2017 10 8 48 66

2018 38 28 57 123

2019 4 2 5 11

*Technology, Life Sciences, Cleanteach

New Issuers by Listing Type Category TSX-V IPO RTO/Non-offering/Other Total

Methodology Included: exercises of warrant, option and over-allotment option, and debt settlement US $ denominated deal: converted into Canadian $ at prevailing exchange rate at time of closing Equity vs FT: classified according the largest amount raised by either FT or NFT, in case of financing involving both FT and NFT offering Updating: numbers are subject to change as the database is being continuously updated

Prepared by CPE Media Inc. for The Canadian Securities Exchange (CSE)

12 of 12

The Canadian Securities Exchange (CSE) Financing Activity Full List of Geo Funding Sources British Columbia Ontario Alberta Bahamas United Arab Emirates (UAE) Austria Cayman Islands Quebec Germany Belgium Switzerland Manitoba Dominica Ireland Netherlands Saskatchewan Singapore Australia Paraguay China Thailand Ghana Malta Prepared by CPE Media Inc. for The Canadian Securities Exchange (CSE)

2019 # Deals* 22 21 10 1 2 1 2 6 3 3 3 1 1 1 1 3 2 3 1 2 1 1 1

$ Invested (K)

9,306 8,971 1,486 400 300 296 218 188 162 143 140 100 75 75 70 64 54 50 50 43 35 20 7 1 of 2

The Canadian Securities Exchange (CSE) Financing Activity Full List of Geo Funding Sources New Zealand New Brunswick

2019 # Deals* 1 1

$ Invested (K)

5 4

* sum of number of deals involved - not to be summed up Example: if one deal involves 10 jurisdications - each of the 10 jurisdications will be allocated one deal

Prepared by CPE Media Inc. for The Canadian Securities Exchange (CSE)

2 of 2

The Canadian Securities Exchange (CSE) Financing Activity Brokers/Dealers - 2019 Canaccord Genuity Corp.

PI Financial Corp.

Mackie Research Capital Corporation Chippingham Financial Group Limited Raymond James Ltd. Gravitas Securities Inc. Tri View Capital Ltd. Haywood Securities Inc. Hampton Securities Limited 2242257 Ontario Inc. INFOR Financial Inc. Richardson GMP Limited Emerging Equities Inc. Accilent Capital Management Inc. Red Cloud Klondike Strike Inc.

Type Investment Dealer Investment Dealer Investment Dealer Investment Dealer Investment Dealer Investment Dealer EMD Investment Dealer Investment Dealer Other Investment Dealer Investment Dealer Other EMD EMD

Underwriter Finder Total # Deals $ (K)* # Deals $ (K)* # Deals 2 1 0 0 0 1 0 0 0 1 1 1 1 0 0

4,725 1,597 0 0 0 3,128 0 0 0 1,597 1,597 1,597 1,262 0 0

2 2 3 1 1 1 1 1 1 0 0 0 0 1 1

6,924 6,924 7,364 5,200 5,200 440 2,375 2,200 1,724 0 0 0 0 440 426

4 3 3 1 1 2 1 1 1 1 1 1 1 1 1

$ (K)*

11,649 8,521 7,364 5,200 5,200 3,568 2,375 2,200 1,724 1,597 1,597 1,597 1,262 440 426

* sum of the total deal value involved - not to be summed up Example - if 10 brokers/finders pariticpated in a $100 million deal, each broker/finder will be credited wth $100 million in deal value.

Prepared by CPE Media Inc. for The Canadian Securities Exchange (CSE)

1 of 1