Case Doc 59 Filed 04/24/18 Page 1 of 30 Fill in this information to identify the case and this filing: Debtor Name .6??qu LL United States Bankruptcy Court for the: District of (State) Case number (it'known): Official Form 202 Declaration Under Penalty of Perjury for Non-Individual Debtors 12:15 An individual who is authorized to act on behalf of a non-individual debtor, such as a corporation or partnership, must sign and submit this form for the schedules of assets and liabilities. any other document that requires a declaration that is not included in the document, and any amendments of those documents. This form must state the individual?s position or relationship to the debtor, the identity of the document, and the date. Bankruptcy Rules 1008 and 9011. WARNING -- Bankruptcy fraud is a serious crime. Making a false statement, conceaiing property, or obtaining money or property by fraud in connection with a bankruptcy case can result in fines up to $500,000 or imprisonment for up to 20 years, or both. 18 U.S.C. 152, 1341. 1519, and 3571. - Declaration and signature I am the president, another of?cer, or an authorized agent of the corporation; a member or an authorized agent of the partnership; or another individual serving as a representative of the debtor in this case. i have examined the information in the documents checked below and have a reasonable belief that the information is true and correct: Mable Assets?Rea! and Personal Property (Of?cial Form 206MB) Schedule D: Creditors Who Have Ctai?ms Secured by Property (Of?cial Form 2060) Schedule Creditors Who Have Unsecured Claims (Of?cial Form Scheduie G: Executory Contracts and Unexpired Leases (Of?cial Form 206(3) Schedule H: Codebtors (Of?cial Form 206H) Summary of Assets and Liabilities for Non-individuals (Of?cial Form Amended Schedute Chapter 11 or Chapter 9 Cases: List of Creditors Who Have the 20 Largest Unsecured Ciaims and Are Not insiders (Of?cial Form 204) El l3 Other document that requires a declaration I declare under penalty of perjury that the foregoing is true and correct. Executed on Z- MM i DD 1' Signature of individual signing on be?of debtor (f 679213? r71- .Qar: m/r/ Printed name i i?M??err/m?C?n mam/14K. Position or relationship to debtor Of?cial Form 202 Declaration Under Penalty of Perjury for Non-Individual Debtors Case Doc 59 Filed 04/24/18 Page 2 of 30 Fill in this information to identify the case: Debtor name 3F ?/Lr?faf?l} #15) United States Bankruptcy Court for the; District of Case g/ 8/ {513m} El Check if this is an amended ?ling Official Form 206MB Schedule AIB: Assets Real and Personal Property 12115 Disclose all property, real and personal, which the debtor owns or in which the debtor has any other legal, equitable, or future interest. Include all property in which the debtor holds rights and powers exercisable for the debtor?s own benefit. Also include assets and properties which have no book value. such as fully depreciated assets or assets that were not capitalized. In Schedule NB, list any executory contracts or unexpired leases. Also list them on Schedule G: Executory Contracts and Unexpired Leases [Official Form 206G). Be as complete and accurate as possible. If more space is needed, attach a separate sheet to this form. At the top of any pages added, write the debtor's name and case number (if known). Also identify the form and line number to which the additional information applies. If an additional sheet is attached, include the amounts from the attachment in the total forth For Part 1 through Part 11, list each asset under the appropriate category or attach sepa pertinent part. rate supporting schedules, such as a ?xed asset schedule or depreciation schedule, that gives the details for each asset in a particular category. List each asset only once. In valuing the debtor?s interest, do not deduct the value of secured claims. See the instructions to understand the terms used in this form. Cash and cash equivalents 1. Does the debtor have any cash or cash equivalents? No. Go to Part 2. Yes. Fill in the information below. All cash or cash equivalents owned or controlled by the debtor 2. Cash on hand 3. Checking, savings, money market, or financial brokerage accounts {identify all) Current value of debtor?s interest 5 Name of institutlo bank or brokeragel firm) Type of ac unt Lastd digits ofa on number An agent LJ (1%ch F2?o gig? g, 3. 2. tat?c 9,4727? 42? 5 4. Other cash equivalents (identify all) 4.1. 4.2. 5. Total of Part 1 Add lines 2 through 4 (including amounts on any additional sheets). Copy the total to line 80. Deposits and prepayments 6. Does the debtor have any deposits or prepayments? page. Go to Part 3. Cl Yes. Fill in the information below. 7. Deposits, including security deposits and utility deposits Description, including name of holder of deposit 7.1. Current value of debtor?s Interest 01 7.2. Of?cial Form 206MB Schedule NB: Assets Real and Personal Property page 1 Case Doc 59 Filed 04/24/18 Page 3 of 30 Debtor 2f ?ZU??chlm?jl LLC Case number mommy jg- Name B. Prepayments, including prepayments on executory contracts, leases, insurance, taxes, and rent Description. including name of holder of prepayment 8.1. 8.2. 9. Total of Part 2. .m Add lines 7 through 8. Copy the total to line 81. minccounts receivable 10. Does the debtor have any accounts receivable? ?No. Go to Part 4. Yes. Fill in the information below. Current value of debtor?s interest 11. Accounts receivable 11a. 90 days old or less: -) face amount doubtful or uncollectible acwunts 11b. Over 90 days old: 3 face amount doubtful or uncollectible accounts 12. Total of Part3 . 3 Current value on lines He 11b line 12. Copy the total to line 82. Investments 13. Does the debtor own any investments? No. Go to Part 5. EYes. Fill in the information below. Valuation method Current value of debtor?s used for current value interest 14. Mutual funds or publicly traded stocks not included in Part1 Name of fund or stock: 141. 14.2. 15. Non-publicly traded stock and interests in incorporated and unincorporated businesses. including any interest in an LLC, partnership. orjoint venture Name of entity: of ownership: 15.1. "70% [1&ch 000 (3/0 15.2. 16. Government bonds, corporate bonds, and other negotiable and non-negotiable instruments not included in Part 1 Describe: 16.1. 5 16.2. 5 17. Total of Part4 06995) GO Add lines 14 through 16. Copy the total to line 83. Of?cial Form 206MB Schedule NB: Assets? Real and Personal PrOperty page 2 Case Doc 59 Filed 04/24/18 Page 4 of 30 Debtor ?m??ej?l Case number - If! flame Inventory, excluding agriculture assets 18. Does the debtor own any inventory (excluding agriculture assets)? No. Go to Part 6. El Yes. Fill in the information below. General description Date of the last Net book value of Valuation method used Current value of physical inventory debtor?s interest for current value debtor?s interest (Wl'lere available) 19. Raw materials MM 5 20. Work in progress 3 MM roorwvv 21. Finished goods, including goods held for resale 3 MM roorww 22. Other inventory or supplies MM loorww 5 23. Total of Part5 Add lines 19 through 22. Copy the total to line 84. 24. Is any of the property listed in Part 5 perishablethe property listed in Part 5 been purchased within 20 days br-fore the bankruptcy was ?led? Cl No Yes. Book value Valuation method Current value 26. Has any of the property listed in Part 5 been appraised by a professional within the last year? No Cl Yes Farming and fishing-related assets (other than titled motor vehicles and land) 27. Does the debtor own or lease any farming and fishing-related assets {other than titled motor vehicles and land)? 0. Go to Part 7. Cl Yes. Fill in the information below. General description Net book value of Valuation method used Current value of debtor?s debtor's interest for current value interest (Where available?J 23. Crops?either planted or harvested 5 29. Farm animals Examples: Livestock. poultry. farm-raised ?sh 5 30. Farm machinery and equipment (Other than titled motor vehicles) 5 3 31. Farm and fishing supplies, chemicals, and feed 3; 32. Other farming and fishing-related property not already listed in Part 6 a Of?cial Form 206MB Schedule NB: Assets Real and Personal Property page 3 Case Doc 59 Filed 04/24/18 Page 5 of 30 Debtor (SC Case number mam? Name I 33. Total of Part 6. Add lines 28 through 32. Copy the total to line 85. 34. Is the debtor a member of an agricultural cooperative? CI No Yes. Is any of the debtor?s property stored at the cooperativethe property listed in Part 6 been purchased within 20 days before the bankruptcy was ?led? Cl No El Yes. Book value 3 Valuation method Current value 36. Is a depreciation schedule available for any of the property listed in Part the property listed in Part 6 been appraised by a professional within the last year? No Yes Of?ce furniture, fixtures, and equipment; and collectibles 38. Does the debtor own or lease any office furniture. fixtures. equipment. or collectibles? No. Go to Part 8. 4 Q?Yes. Fill in the information below. General description Net book value of Valuation method Current value of debtor?s debtofs interest used forcurrent value interest itM'Iere available) 39. Office furniture 5 40. Office fixtures 41. Office equipment, including all computer equipment and communication systems equipment and software rcaeemi. F?wr?m cam/um if?. oz: 42. Collectibles Examples: Antiques and ?gurines; paintings. prints, or other artwork; books, pictures, or other art objects; china and stamp. coin. or baseball card collections; other collections, memorabilia, or collectibles 42.1 42.2 42.3 43. Total of Part 7. 5 8?0. C) C) Add lines 39 through 42. Copy the total to line 86. 44. Is a depreciation schedule available for any of the property listed in Part the property listed in Part 7 been appraised by a professional within the last year? El No Cl Yes Of?cial Form 206MB Schedule NB: Assets Real and Personal Property page 4 Debtor Case Doc 59 Filed 04/24/18 Page 6 of 30 Home Machinery, equipment, and vehicles 46. 47. 48. 49. 50. 51. Does the debtor own or lease any machinery, equipment, or vehicles? ?No. Go to Part 9. Cl Yes. Fill in the information below. General description Net book value of Valuation method used debto-'s interest for current value Include year, make. model, and identi?cation numbers VIN. HIN. or N-number) (Where available} ZS, Case number nuns-m Current value of debtor?s interest Automobiles, vans, trucks, trailers, and titled farm vehicles 47.1 47.2 3 47.3 5 47.4 53 Watercraft. trailers, motors, and related accessories Examples: Boats, trailers. motors. ?oating homes, personal watercraft. and ?shing vessels 43.1 5 43.2 3 Aircraft and accessories 49.1 49.2 8 Other machinery. fixtures, and equipment (excluding farm machinery and equipment) 5 Total of Part 8. Add lines 47 through 50. Copy the total to line 87. 52. Is a depreciation schedule available {or any of the property listed in Part No Yes 53. Has any of the property listed in Part 8 been appraised by a professional within the last year? No Yes Of?cial Form 206MB Schedule NB: Assets? Real and Personal Property page 5 Case Doc 59 Filed 04/24/18 Page 7 of 30 Name Debtor Case number ?5 Real property 54. 55. 55. 58. Does the debtor own or lease any real property? No. Go to Part 10. Cl Yes. Fill in the information below. Any building, other improved real estate, or land which the debtor owns or in which the debtor has an interest Description and location of property Nature and extent Net book value oi Valuation method used nc ude street addreSs or other description as Of debtor?s Interest dabtors Interest {or curr?nt value Assessor Parcel Number (AFN). and type of property in Property (Where available) (for example. acreage, factory. warehouse. apartment or office building), if available. Current value of debtor?s interest 55.1 55.2 55.3 5 5 55.4 5 55.5 55.5 5 Total of Part 9. 5 Add the current value on lines 55.1 through 556 and entries from any additional sheets. Copy the total to line 88. is a depreciation schedule available for any of the property listed in Part 9? No Yes Has any of the property listed in Part 9 been appraised by a professional within the last year? CI No Yes Intangibles and intellectual property 59. 60. 61. 62. 63. 64. 65. 66. Does the debtor have any interests in intangibles or intellectual property? Mo. Go to Part 11. Yes. Fill in the information below. General description Net book value of Valuation method debtor's interest used for current value (Where available) Patents. copyrights, trademarks, and trade secrets Current value of debtor's interest 5 Internet domain names and websites 5 Licenses, franchises, and royalties 5 Customer lists, mailing lists, or other compilations Other intangibles. or intellectual property 5 Goodwill 5 5 Total of Part 10. 5 Add lines 60 through I35. Copy? the total to line 89, Of?cial Form 206MB Schedule NB: Assets? Real and Personal Property page 6 Case Doc 59 Filed 04/24/18 Page 8 of 30 Debtor AwfmeL- C. Case number {tram-m; e- Name 67. Do your lists or records include personally identifiable information of customers (as de?ned in 11 U.S.C. and 107)? No Cl Yes 68. Is there an amortization or other similar schedule available for any of the property listed in Part 10the property listed in Part 10 been appraised by a professional within the last year? No Yes All other assets 70. Does the debtor own any other assets that have not yet been reported on this form? nc de all interests in executory contracts and unexpired leases not previously reported on this form. Mo. Go to Part 12. Cl Yes. Fill in the information below. Current value of debtor's interest 71. Notes receivable Description (include name of obligorl 9 ?5 Total face amount doubtful or uncollectible amount 72. Tax refunds and unused net operating losses (NOLs) Description (for example, federal, state, local) Tax year Tax year 3 Tax year 5 73. interests in insurance policies or annuities _s 74? Causes of action against third parties (whether or not a lawsuit has been filed) 3 Nature of claim Amount requested 5 75. Other contingent and unliquidated claims or causes of action of every nature, including counterclaims of the debtor and rights to set off claims 5 Nature of claim Amount requested 5 76? Trusts, equitable or future interests in property 5 77. Other property of any kind not already listed Examples: Season tickets. country club membership 5 78. Total of Part 11. Add lines 71 through 77. Copy the total to line 90. 79. Has any of the property listed in Part 11 been appraised by a professional within the last year? No CI Yes Of?cial Form 206MB Schedule NB: Assets - - Real and Personal Property page 7 Case 18-16248-MAM Doc 59 Filed 04/24/18 Page 9 of 30 Debtor CW (4.15 [1 ?#71124?? Name In Part 12 copy all of the totals from the earlier parts of the form. Type of property 80. Cash, cash equivalents, and financial assets. Copy line 5, Part 1. 81. Deposits and prepayments. 'Copy line 9. Part 2. 82. Accounts receivable. Copy line 12, Part 3. 83. Investments. Copy line 17. Part 4. Case number Current value of personal property 5 Current value of real property 84. inventory. Copy line 23. Pan? 5. 5 85. Farming and fishing-related assets. Copy line 33, Part 6. 5 88. Office furniture. fixtures, and equipment; and collectibles. 8 Copy line 43. Pan? 7. Machinery, equipment, and vehicles. Copy line 51, Part 8. 3 88. Real property. Copy line 56, Part 9. . 9 89. Intangibles and intellectual property. Copy line 66, Part 10, 90. All other assets. 78.Par111. 91. Total. Add lines 80 through 90 for each column 91a. 5?2?ng ??43138 92. Total of all property on Schedule NB. Lines 91a 91b 92. Of?cial Form 206MB Schedule NB: Assets Real and Personal Property New 19875 page 8 Case 18-16248-MAM Doc 59 Filed 04/24/18 Page 10 of 30 CHANCE ANTHEM, LLC Case No. 18-11168 Attachment to Schedule Calculation of Value of CannaMED Pharmaceuticals, LLC Investment Company Value based upon Income (1) 40,000,000 70% Share (2) 28,000,000 50% Probability (3) 14,000,000 Notes: (1) See attached Build-out and Income Projections (2) Debtor owns 70% of CannaMED Pharmaceuticals, LLC (3) Based upon awards of licenses to two other applicants who brought suit after being denied licenses, and obtained licenses as a result of settlements I Fi'ed 04/24/18 Application for Medical Cannabis Grower License 7.3.1 PROJECTED COSTS General Building Improvements: Roof Repairs Driveway Parking Lot resealing Repairs Interior Painting Exterior Painting Of?ce Interior Ceilings Of?ce Interior Flooring Furnishings TOTAL GENERAL BUILDING IM PROVEMENT Cultivation Space: Lighting Equipment (LE) LE Installation Hydroponic Equipment (HE) HE Installation Water Quality Equipment Air Quality Equipment (AQ) AQ Installation Grow Room Partitioning General Electrical General Plumbing TOTAL CULTIVATION SPACE COSTS Packaging: Furnishings Equipment Packaging Equipment General Electrical General Plumbing Initial Packaging Inventory TOTAL TRE-IMING PACKING COSTS Extraction Department: Extraction Machines Installation and Training 1 lightf50 sq ft $300 S75r'hght $4.5m] ft 3753?sq ft Includes Installation $1.25.!sq ft ft ft ft Trim Machine 8; Hand Tools Computerized Labelling hiventory FE. lr?sq ft Sanitary Sink. Cleanup Area Containers. Labels. Etc. Page 11 of? 5 MMCC 30.00000 22.00000 10.50000 35.00000 42.00000 18.00000 20,000.00 14.40000 191.900.00 15,000.00 3.750.00 10,000.00 1.87500 3.00000 3.12500 625.00 0.00 4.75000 2.50000 44.62500 1.50000 2.50000 6500.00 250.00 250.00 1.500.00 12,500.00 0.00 0.00 Page 216 of 284 $9,99ng Filed 04/24/18 Page 12 Application for Medical Cannabis Grower License Misc. Equipment TOTAL EXTRACTION DEPT. Laboraton-n-"Quality outrol: Laboratory Furnishings Laboraton? Equipment Laboratory Inventory Equipment Installation Training TOTAL LABORATORY Security Department: Gatehouse Construction Gatehouse Utilities Automated Entrance Gate Perimeter Fencing Command Center Equipment Video Surveillance System Interior Video Suweillance System Exterior Uniforms Supplies TOTAL SECURITY Total Projected Build-out Costs Contractor Overhead 8: Pro?t Owner construction Representative Contingency TOTAL ANTICIPATED OUT COSTS Carts. Trays. Locking Cabinets Workstations Misc. Funiiture Electric. Phone. Internet Furnishings Misc. Equipment $l.r"sq ft Building Grounds 15.5% on constiuction items only 2. 5 months (sz 70-0 of total costs atmcc 750.00 750.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10.50000 48,000.00 11,000.00 2,200.00 20,000.00 1.000.00 92.70000 42,191.00 11.82500 27,754.37 424245.37 Page 217 of 284 Application for Medical Cannabis Grower License DHMH?Mary??amigg??imw Filed 04/24/18 Page 13 ii- 1w MMCC 7.3.2 PROJECTED PHASE 1&2 BUILD-OFT COSTS General Building Improvements: Roof Repairs 30.00000 Diiveway Parking Lot resealing 22.000.00 HYAC Repairs 10.50000 Interior Painting 35.00000 Exterior Painting 42.00000 Of?ce Interior Ceilings 18.000.00 Of?ce Interior Flooring 20.00000 Finnishings 14.4 00.00 TOTAL GENERAL BUILDING 191.900.00 Cultivation Space: Lighting Equipment (LE) 1 sq ft $300 37.50000 LE Installation $75/light 18.75000 Hydroponic Equipment (HE) ft 50.00000 HE Installation ft 9.375.00 Water Quality Equipment Includes Installation 4500000 Air Quality Equipment (AQ) $1.25qu It 15.625.00 AQ Installation ft 3.125.00 Grow Room Partitioning 5 6} 2.500 sq ft 18.75000 General Electrical $2.50r?sq ft 31.25000 General Plumbing ft 6.25000 TOTAL CULTIVATION SPACE COSTS Trimming Packaging: 235.625.00 anishings 3.750.00 Trimming Equipment 2 Trim Machines 8: Hand Tools 6.25000 Packaging Equipment Computerized Labelling Inventory 9.50000 General Electrical Sl/sq ft 1.25000 General Plumbing Sanitaiy Sink. Cleanup Area 75000 Initial Packaging Inventory Containers- Labels. Etc. 4.50000 TOTAL TRIMMING PACKING COSTS 26.00000 Extraction Depanment: Extraction Machines 0.00 Installation and Training 0.00 Misc. Equipment TOTAL EXTRACTION DEPT. Carts. Trays. Locking Cabinets Page 218 of 284 Coi?198i?590n Fi'ed 04/24/18 Page 14 Application for Medical Cannabis Grower License Laboraminyuality Control: Laboratory Furnishings Laboratory Equipment Laboratory Inventory Equipment Installation 8: Training TOTAL LABORATORY Security Department: Gatehouse Construction Gatehouse Utilities Automated Entrance Gate Perimeter Fencing Command Center Equipment Video Surveillance System - Interior Video Surveillance System - Exterior Unifonns Supplies TOTAL SECURITY DEPARTMENT Total Projected Build-out Costs Contractor Overhead 61: Pro?t Owner construction Representative Contingency TOTAL ANTICIPATED BUILD-OUT COSTS Workstations Misc. Eluniture Electric. Phone. Internet Fumishings Misc. Equipment Sifsq ft Building Grounds 15.5% on construction items only 6.5 months (ft: $1.100x'wk 7% of total costs 12.00000 75.00000 7.50000 3.50000 98.000.00 125,000.00 4.500.00 10.50000 48.00000 11000.00 32500.00 2000000 5000.00 256,500.00 78.66250 30.74500 64.447.78 985.130.28 Page 219 of 284 Application for Medical Cannabis Grower License Filed 04/24/18 Page 15 ii- 1.7? MMCC 7.3.3 PROJECTED FULL COSTS General Building Improvements: Roof Repairs 30000.00 Driveway Parking Lot resealing 22.00000 HYAC Repairs 1050000 Interior Painting 35000.00 Exterior Painting 42.00000 Office Interior Ceilings 18000.00 Of?ce Interior Flooring 20,000.00 Etunisln'ngs 14.40000 TOTAL GENERAL BUILDING IMPROVEMENTS 191900.00 Cultivation Space: Lighting Equipment (LE) 1 lightf100 sq ft 3300 75000.00 LE Installation $75f1ight 18.75000 Hydroponic Equipment (HE) S-lfsq ft 100000.00 HE Installation ft 18.75000 Water Quality Equipment Includes Installation 4500000 Air Quality Equipment (AQ) ft 31.25000 AQ Installation $.25."sq ft 6.25000 Grow Room Panitioning Ten 2.500 sq ft 37.50000 General Electrical 82 ft 62.50000 General Plumbing 3) 50fsq ft 12.500.00 TOTAL CULTIVATION SPACE COSTS 407500.00 Trimming Packaging: quishings 7.50000 Trinuning Equipment Four Trim Machines Hand Tools 1 1000.00 Packaging Equipment Computerized Labelling Inventory 12.50000 General Electrical $1t'sq ft 2.50000 General Pltunbing Sanitary Sink. Cleanup Area 1000.00 Initial Packaging Inventory Containers. Labels. Etc. 6.000.00 TOTAL TRIMMING 8: PACKING COSTS 40.50000 Extraction Department: Extraction Machines Three $1 15000 34500000 Installation and Training $4.000r'machine 12.000.00 Misc. Equipment Carts. Trays. Locking Cabinets 5.00000 TOTAL EXTRACTION DEPT. 362000.00 Page 220 of 284 COR%s??on Fi'ed 04/24/18 Application for Medical Cannabis Grower License Laboratory-"Quality Control: Laboratory Furnishings Laboratory Equipment Laboratory hwentory Equipment Installation Training TOTAL LABORATORY Security Department: Gatehouse Construction Gatehouse Utilities Automated Entrance Gate Perimeter Fencing Command Center Equipment Video Stnveillance System - Interior Video Surveillance System - Exterior Uniforms Supplies TOTAL SECURITY DEPARTMENT Total Projected Build-out Costs Contractor Overhead Pro?t Owner Representative Contingency TOTAL ANTICIPATED BUILD-OUT COSTS \K-"orkstations Misc. Furniture Electric. Phone- Internet Furnishings Misc. Equipment Slr?sq ft Building 8: Grounds 15.5% 011 items only 8.5 months (fl 7% of total costs Page 16 it- iw MMCC 25,000.00 12500000 1050000 6000.00 166500.00 12500000 450000 10.50000 48.00000 11.00000 46.50000 2000000 5000.00 270,500.00 91,721.25 40.205.00 109.957.84 168078409 Page 221 of 284 C0R%s?s?on Filed 04/24/18 Application for Medical Cannabis Grower License 7.4.1 Grower Facility Fast Start Phase Operation Revenues - Cultivation 2.500 sq ft. 0.35 $2.200 Net after Sales taxes (projected) Expenses: General Facility Manager Assistant Manager Bookkeeper Clerical Assistant Receptionist Cultivation Master Cultivator Assistant Cultivators Attendants Curing Trimming Supervisor Trimming Assistants .Quality Control Chief Lab Technician Laboratory Assistant Laboratory Attendant Security Director of Security Security Of?cers 3 838.000 Maintenance Director of Part?time l\-Iainte11ance Personnel Third Party Providers Legal Accounting Community Relations Computer. Phones. Internet Supplies Page 17 it- r? MMCC 1.925.000.00 1.828.750.00 200.000?00 731000.00 45.00000 45.00000 4000000 17500000 0.00 0.00 60,000.00 10500000 9000000 0.00 0.00 15.00000 76,000.00 20,000.00 0.00 Page 222 of 284 Filed 04/24/18 Application for Medical Cannabis Grower License Page 18 fl it. Qrisfi-Iviivicc Supplies - Of?ce 4.00000 Supplies - Building Grounds 5354.500 sqit 13.500.00 35 cycles. 2.500 Supplies Cultivation sq. ft. 26,250.00 Utilities Electric Ambient 7.500.00 Electric Cultivation 30.000.00 Propane Ambient 1.620.00 Propane Cultivation 1.000.00 Licenses Maryland Grower License Annual Fee 125.000.00 Processor License Annual Fee 0.00 Building Costs Building Rental 180.000.00 46.500 sq. Building Maintenance ft. 139,500.00 Unusual Expenses Science Dept Expense Contribution 0.00 Low Income Program 0.00 Insurance Includes Business Insurance Property Casualty Interruption 4.500.00 Insurance Automobile 1 vehicle 1,650.00 Bonuses 8: Incentives 0.00 TOTAL EXPENSES 1.659.020.00 NET PROFIT BEFORE CONTINGENCY 169730.00 CONTINGENCY 5? '0 of Total Expenses 82.95100 NET PROFIT 86.779.00 Net Pro?t as a percentage of gross revenues 4.75% Page 223 of 284 Filed 04/24/18 Application for Medical Cannabis Grower License 7.4.2 Cultivation Facility Phase 1 2 Operation Revenues Cultivation 12.500 sq ft. 0.35 {it} $2.200 Net after Sales taxes (projected) Expenses: General Facility Maria ger Assistant Manager Bookkeeper Clerical Assistant Receptionist Cultivation Master Cultivator Assistant rrltivator?s 2 850.000 Attendants 2 (git 3538.000 Trimming 8c Curing Trimming Super-visor Trimming Assistants 6 $35000 Quality Control Chief Lab Technician Laboratory Assistant Laboratory Attendant Security Director of Security Security Of?cers 4 $38000 Director of Maintenance Maintenance Personnel 1 (a $41000 Third Party Providers Legal Accounting Community Relations Computer. Phones. Internet Page 19 or" it- MMCC 9.625.000.00 9.143.750.00 20000000 75.00000 45.00000 45.00000 40.00000 175000.00 100000.00 76.00000 6000000 21000000 90.00000 44.00000 0.00 125000.00 151000.00 75.00000 42.00000 75.00000 50.00000 12.50000 Page 224 of 284 Mawlag?%?e%i%a Filed 04/24/18 Application for Medical Cannabis Grower License Supplies Supplies Of?ce Supplies Building Grounds $328500 sq.ft S3s?sqi?ft. 3.5 cycles. 25.000 sq. Supplies Cultivation ft. Utilities Electric Ambient Electric Cultivation Propane - Ambient Propane Cultivation Licenses Maryland Grower License Mawland Processor License Annual Fee Annual Fee Building. Costs Building Rental Building 35 5 .000I?Inonth 28.500 sq. ft. Unusual Expenses Science Dept Expense Contribution 7.50- of Revenues Low Income Program 7.5% of Revenues Insurance Insurance Property asualty Insurance Automobile Includes Business Intenuption 2 vehicles Bonuses Incentives 109 ofNet Distribution TOTAL EXPENSES NET PROFIT BEFORE CONTINGENCY CONTINGENCY 5% of Total Expenses NET PROFIT Net Pro?t as a percentage of gross revenues 7.4.3 Grower Facility - Full Operation 9,000.00 85.50000 [31.25000 24.00000 165.000.00 11,250.00 2.80000 1 .00000 0.00 18000000 8550000 685781-25. 685,781.25 3.2 000.00 3 300.00 914.375.00 241,601.88 4.070.110.63 44.51% MMCC Page 20 ow; 1H Page 225 of 284 Filed 04/24/18 Page 21 05? il- MMCC ?1 Application for Medical Cannabis Grower License Revenues - Cultivation 25.000 sq ft. (fa 0.35 (512-32200 19.250.000.00 Net after Sales taxes (projected) 18.287.500.00 Expenses: General Facility l?vianager 200.000.00 Assistant Manager 75,000.00 Bookkeeper 45.000.00 Clerical Assistant 45,000.00 Receptionist 40.000.00 Cultivation Master Cultivator 175.000.00 Assistant Cultivators 5 (git $50000 250,000.00 Attendants 5 ([13 S3 8.000 190.000.00 Curing Supervisor 60,000.00 Assistants 15 if]? $35000 525.000.00 Quality Control Chief Lab Technician 90.000.00 Laboratory Assistant 44,000.00 Laboratory Attendant 35.000.00 Security Director of Security 125.000.00 Security Officers 5 $38000 190.000.00 h-?Iaintenance Director of h-Iaintenance 75.000.00 .l\-iai11tena11ce Personnel 2 @i $42000 84.00000 Third Party Providers Legal Accounting 150,000.00 Community Relations 7500000 Computer. Phones. Internet 25.500.00 Supplies Page 226 of 284 48-MAM Doc59 Filed 04/24/18 Page 22 we annabis Application for Medical Cannabis Grower License Supplies Of?ce Supplies Building 8: Grounds Supplies - Cultivation Utilities Electric Ambient Electric Cultivation Propane Ambient Propane - Cultivation Licenses Grower License Maryland Processor License Building Costs Building Rental Building Unusual Expenses Science Dept Expense Contribution Low Income Program Insurance Insurance Property 8: Casualty Insurance Automobile Bonuses 8: Incentives TOTAL EXPENSES NET PROFIT BEFORE CONTINGENCY CONTINGENCY NET PROFIT Net Pro?t as a percentage of gross revenues 3746.500 sq.ft $3/sq/ft. 3.5 cycles. 25.000 sq. ft. Annual Fee Annual Fee $1 46.500 sq. ft. 7.5% of Revenues 7.5% of Revenues Includes Business Interruption 2 vehicles 10% of Net Distribution 5? of Total Expenses name 1800000 139500.00 262500.00 36.000.00 300.000.00 16-200.00 5.400.00 125,000.00 40,000.00 180.000.00 139.500.00 1.371.562.50 1.371.562.50 32.000.00 3.300.00 1.828.750.00 8,367,775.00 9,919,725.00 418,388.96% Page 227 of 284 Filed 04/24/18 Page 23 (1&1 1W MMCC Application for Medical Cannabis Grower License END Page 228 of 284 DHMH?Mary?P?EPIQQalcgi?ill?lM CWRgongd 04/24/18 Page 24 Of? Application for Medical Cannabis Grower License 7r?r MMCC Cultivation Facility - Center Three Phases of Operation ?Fast Start? Phases 1 2 Full Operation Revenues - Cultivation Net after Sales taxes (projected) 1-925.000.00 9.625.000.00 19.250.000.00 1.828.750.00 9.143.750.00 18.287.500.00 Expenses: General Facility l\4anager 200000.00 200.000.00 200.000.00 Assistant Manager 75.00000 75.000.00 75.000.00 Bookkeeper 45,000.00 45,000.00 45.00000 Clerical Assistant 45.000.00 45.00000 45.00000 Receptionist 40.00000 40.000.00 40.00000 Cultivation Master Cultivator 175. .00000 175.000.00 175.000.00 Assistant Cultivators 0.00 100000.00 250000.00 Attendants 0.00 76.000.00 19000000 Trimming Curing Supervisor 60.000.00 60.000.00 60,000.00 Assistants [05.00000 210,000.00 525.000.00 Quality Control Chief Lab Technician 90.00000 90.00000 90.00000 Laboratory Assistant 0.00 44.00000 44.00000 Laboratory Attendant 0.00 0.00 35.00000 Security Director of Security 125000.00 125000.00 125.000.00 Security Of?cers 76.00000 152.000.00 190.000.00 Maintenance Director of Maintenance 20000.00 75.000.00 75.000.00 Maintenance Personnel 0.00 42.000.00 84,000.00 Third Party Providers Legal 8: Accounting 35.00000 75.00000 150000.00 Relations 25000.00 50.00000 7500000 Computer. Phones. Internet 8.50000 12.50000 25.50000 Page 233 01?284 Mar??foer??al??i?tmm cM??gonF'led 04/24/18 Page 25 0 Application for Medical Cannabis Grower License Supplies Supplies Of?ce Supplies Building Grounds Supplies Cultivation Utilities Electric - Ambient Electric - Cultivation Propane - Ambient Propane Cultivation Licenses I\'Iaryland Grower License Maryland Processor License Building Costs Building Rental Building Maintenance Unusual Expenses Science Dept Expense Contribution Low Income Program Insurance Insurance Property Casualty Insurance Automobile Bonuses 8: Incentives TOTAL EXPENSES NET PROFIT BEFORE CONTINGENCY CONTINGENCY NET PROFIT Net Pro?t as a percentage of gross revenues 4.00000 13.50000 26.250.00 7.50000 30.000.00 1.620.00 1.00000 125.000.00 0.00 180,000.00 139.50000 0.00 0.00 4.50000 1.65000 0.00 165902000 169.73000 82.95100 86.77900 PROJECTED COSTS 9.00000 85.50000 131.250.00 2400000 16500000 11.25000 2.80000 125.000.00 0.00 180.000.00 85.50000 914.375.00 41.832.037.50 4.311.712.50 24160188 407011063 44.51% 05:5: 8.00000 9 500. 00 2. 500. 00 1 3 1 26 3600000 30000000 16.20000 5.40000 125.000.00 4000000 180000.00 139500.00 1.371.562.50 1,371,562.50 32,000.00 3.30000 1,828,750.00 8.367.775.00 9.919.725.00 418388.75 6.25 DJ 9.5013 51.96% Page 234 of 284 04/24/18 Page 26 of 4.3, Application for Medical Cannabis Grower License General Building Iruprox-enrents: Roof Repairs Driveway 8: Parking Lot resealing HVAC Repairs Interior Painting Exterior Painting Of?ce Interior Ceilings Office Interior Flooring Furnishings TOTAL GENERAL BUILDING Cultivation Space: Lighting Equipment (LE) LE Installation Hydroponic Equipment (HE) HE Installation Water Quality Equipment Air Quality Equipment (AQ) AQ Installation Grow Room Partitioning General Electrical General Plumbing TOTAL CULTIVATION COST Trimming Packaging: Furnishings Trimming Equipment Packaging Equipment General Electrical General Plumbing Initial Packaging Ins-'entora' TOTAL Extraction Department: Extraction Machines Installation and Training Misc. Equipment TOTAL EXTRACTION Laboratory-"Quality Control: Laboratory Furnishings sq ii (a $300 ft $.75/sq ft Includes Installation $1.25/sq ft ft $2.50r?sq ft ft Trim Machine 8: Hand Tools Computerized Labelling 8: Inventory lr?sq ft Sanitary Sink. Cleanup Area Containers. Labels. Etc. Carts. Trays. Locking Cabinets Workstations Misc. Furniture 17, 30,000.00 22,000.00 10,500.00 35,000.00 42,000.00 18,000.00 20,000.00 14,400.00 19190000 15,000.00 3,750.00 10,000.00 1.87500 3,000.00 3.125.00 625.00 0.00 4,750.00 2.500.00 44.625.00 1,500.00 2.500.00 6500.00 250.00 250.00 1,500.00 12,500.00 0.00 0.00 750.00 750.00 0.00 Page 235 of 284 CQIQ?t?gonFlled 04/24/18 Page 27 Of? Application for Medical Cannabis Grower License MMCC Laboratory Equipment 0.00 Laboratory Inventory 0.00 Equipment Installation Training 0.00 TOTAL LABORATORY 0.00 Security Department: Gatehouse Construction 0.00 Gatehouse Utilities Electric. Phone. Internet 0.00 Automated Entrance Gate 10.50000 Perimeter Fencing 48,000.00 Command Center Equipment Furnishings 8: Misc. Equipment 11.000.00 Video Surveillance System Interior $lfsq ft 2.200.00 Video Surveillance System Exterior Building Grounds 20.00000 Uniforms 8: Supplies 1.000.00 TOTAL SECURITY 92.700.00 Total Projected Build-out Costs Contractor Overhead Pro?t 15.5% on construction items only 42,191.00 Owner Representative 2.5 months {ii} $1.]00fwk 1 1.82500 Contingency 7% of total costs 27,754.37 TOTAL ANTICIPATED OUT COSTS 424245.37 PROJECTED PHASE 1&2 BUILD-OUT COSTS General Building 1111proven1ents: Roof Repairs 30,000.00 Driveway 8: Parking Lot rescaling 22,000.00 HVAC Repairs 10,500.00 Interior Painting 35,000.00 Exterior Painting 42.000.00 Of?ce Interior Ceilings 18,000.00 Of?ce Interior Flooring 20,000.00 Fumishin gs 14,400.00 TOTAL GENERAL BUILDING 191.900.00 Cultivation Space: Page 236 of 284 wah?aon?led 04/24/18 Application for Medical Cannabis Grower License Lighting Equipment (LE) LE Installation Hydroponic Equipment (HE) HE Installation Water Quality Equipment Air Quality Equipment (AQ) AQ Installation Grow Room Partitioning General Electrical General Plumbing TOTAL CULTIVATION COST Trimming Packaging: Fumishings Equipment Packaging Equipment General Electrical General Plumbing Initial Packaging Inventory TOTAL PACKING Extraction Department: Extraction Machines Installation and Training Misc. Equipment TOTAL EXTRACTION Control: Laboratory Furnishings Laboratory Equipment Laboratory Inventory Equipment Installation Training TOTAL LABORATORY Security Department: Gatehouse Construction Gatehouse Utilities Automated Entrance Gate Perimeter Fencing Center Equipment Video Surveillance System Interior Video Surveillance System Exterior 1 light/100 sq ft $300 $75-?1ight $4/sq ft $.75/sq ft Includes Installation $1.25/sq ft $.25fsq ft 5 (gr- 2500 sq r?r $2.50s?sq ft $.50?sq ft 2 Trim Machines Hand Tools Computerized Labelling 8: Inventor;r 1 ft Sanitary Sink. Cleanup Area Containers. Labels. Etc. Cans. Trays. Locking Cabinets Workstations Misc. Furniture Electric. Phone. Internet Fumishings Misc. Equipment lr'sq ft Building Grounds Page 28 of it. Ila?r MMCC 37,500.00 18,750.00 50,000.00 9.375.00 45.00000 15.62500 3. 125 .00 18.75000 31.25000 6.25000 235.625.00 3.75000 6,250.00 9,500.00 1.25000 750.00 4,500.00 26.00000 12.00000 75,000.00 7.50000 3.50000 98.00000 125.000.00 4.50000 10,500.00 48.00000 11.00000 32.50000 20.00000 Page 237 of 284 04/24/18 Application for Medical Cannabis Grower License Uniforms Supplies TOTAL SECURITY Total Projected Build-out Costs Contractor Overhead Pro?t Owner 15.5% on items only Representative 6.5 months $1.100s?Wk Contingency 7% of total costs TOTAL ANTICIPATED BU OUT COSTS PROJECTED FIT-LL COSTS General Building Improvements: RoofRepairs Driveway Parking Lot resealing HVAC Repairs Interior Painting Exterior Painting Of?ce Interior Ceilings Of?ce Interior Flooring Fumishings TOTAL GENERAL BUILDING Cultivation Space: Lighting Equipment (LE) 1 lightle sq ft @3 $300 LE Installation $75/1ig11t Hydroponic Equipment (HE) ft HE Installation $.75x?sq ft Water Quality Equipment Includes Installation Air Quality Equipment (AQ) $1.25.".sq ft AQ Installation ft Grow Room Partitioning Ten 2.500 sq ft General Electrical ft General Plumbing ft TOTAL CULTIVATION COST Packaging: Finnishings Page 29 of $9 MMCC 11??1' Page 238 of 284 5,000.00 256,500.00 78,662.50 30,745.00 64,447.78 985,130.28 30,000.00 ?22.00000 10.50000 35,000.00 42,000.00 18,000.00 20,000.00 14,400.00 191,900.00 75,000.00 18,750.00 100.000.00 18,750.00 45,000.00 31,250.00 6,250.00 37,500.00 62,500.00 12,500.00 40750000 750000 ryTaairst? 13188835 g-riYia Doc 59. Filed 04/24/18 Page 30 of IS Commissron Application for Medical Cannabis Grower License Trimming Equipment Packaging Equipment General Electrical General Plumbing Initial Packaging Inventory TOTAL Extraction Department: Extraction Machines Installation and Training Misc. Equipment TOTAL EXTRACTION Laboratornyuality Control: Laboratory Furnishings Laboratory Equipment Laboratory Inventory Equipment Installation Training TOTAL LABORATORY Security Department: Gatehouse Construction Gatehouse Utilities Automated Entrance Gate Perimeter Fencing Command Center Equipment Video Surveillance System Interior Video Surveillance System Exterior Uniforms 8: Supplies TOTAL SECURITY Total Projected Build-out Costs Contractor Overhead Pro?t Owner construction Representative Contingency TOTAL ANTICIPATED BUILD- OUT COSTS 17 our Trim Machines Hand Tools Computerized Labelling Inventory ft Sanitary Sink. Cleanup Area Containers. Labels. Etc. Three $1 15.000 Carts, Trays, Locking Cabinets \K?orkstations Misc. Furniture Electric. Phone. Internet Furnishings Misc. Equipment lisq ft Building Grounds 15.5% on construction items only 8.5 months (if $1.100/wk 7% of total costs r. 1,7. MMCC 1 1,000.00 12,500.00 2,500.00 1,000.00 6,000.00 40,500.00 345,000.00 12,000.00 5,000.00 362,000.00 25,000.00 125,000.00 10,500.00 6,000.00 166,500.00 125,000.00 4.500.00 10,500.00 48,000.00 11,000.00 46,500.00 20,000.00 5,000.00 270.500.00 91,7..125 40,205.00 109,957.84 1,680,784.09 Page 239 of 284