TAL Cannabis Investment Report | December 2017

A =a ELL TAL Cannabis Investment Report | December 2017 Ackrell Capital Cannabis Team Mike Ackrell founded Ackrell Capital in 2003. Previously, Mr. Ackrell was the Head of ABN AMRO’s U.S. Technology Investment Banking Group and the Head of Invest- ment Banking at WR Hambrecht+Co. He also was a Senior Vice President in the Of SO Technology Investment Banking Group of Donaldson, Lufkin & Jenrette, where he began his investment banking career in 1988. Mr. Ackrell has completed more than 150 financing transactions, including more than 50 initial public offerings, and more than 100 M&A transactions, totaling more than $15 billion in value. He serves on the Mike Ackrell rain Board of Directors of a number of companies, including American Giant, Scrubbed ounder . . . Lo and Vator.tv. Mr. Ackrell holds a B.S. in Economics, summa cum laude, with majors in [email protected] Finance and Accounting, from the Wharton School of the University of Pennsylvania. Tim Coxon joined Ackrell Capital in 2017 after serving as the firm’s legal counsel for more than five years. Previously, Mr. Coxon was a corporate finance attorney in Silicon Valley focused on venture capital fund formation, early stage company financings, mergers and acquisitions and related areas of tax and securities law. He has advised dozens of VC firms on fund and management-level structuring and portfolio company investment transactions, and has advised private companies in M&A transactions val- ued at more than $1.5 billion. Mr. Coxon also has worked as a consultant performing Tim Coxon General Counsel financial and economic analysis for use in corporate litigation and regulatory mat- ters, and taught college level mathematics for more than 13 years, including 7 years [email protected] as an adjunct statistics professor for the M.B.A. program at Santa Clara University. Mr. Coxon holds a J.D. from the Santa Clara University School of Law, an M.A. in Mathematics from San Francisco State University, and a B.A. in Mathematics from the University of Texas at Austin. Bryan Castillo joined Ackrell Capital in 2015. Previously, Mr. Castillo served as an adviser to governments on economic and foreign policy. He has more than 10 years of investment banking experience focused primarily on cross-border transactions span- ning Asia, Europe and the Middle East. Mr. Castillo has experience in a number of industries, including agriculture, cleantech, consumer, energy, media, real estate and 4\ technology. He has advised on more than 50 financing transactions, primarily with = state-owned enterprises and private companies. Mr. Castillo works closely with several Bryan Castill P P P Y ryan Castillo : "| “ : : . family offices on private equity and venture capital investments. Mr. Castillo holds a artner . . . ae [email protected] B.S. in Economics from the Pennsylvania State University. Jeff Mathews joined Ackrell Capital in 2015. Previously, Mr. Mathews was a Direc- tor with Seven Hills Group, a boutique investment bank focused on middle-market technology companies. He has more than 15 years of investment banking experience and was also an Associate in the Technology Investment Banking Groups at Deutsche Bank and Lehman Brothers. He has advised on a broad range of financings and M&A transactions across a variety of technology industries totaling more than $10 billion in Jeff Mathew: Partner value. Mr. Mathews holds a B.A. in Economics from the University of Chicago. [email protected] 176 © 2017 Ackrell Capital, LLC | Member FINRA/SIPC HOUSE_OVERSIGHT_024812