REIT RE transaction

[Bunmi Alonge]

WHATS LENDER WOULD BE BEST FOR THIS?

Below are answers to the questions that give a synopsis of what we are looking to achieve. Also see the attached working draft term sheet of a revolving credit facility that lays it out in detail.

* How much money is needed?

An initial draw of $10M.

Total initial gross facility commitment of up to $25M, with drawable availability subject to borrowing base restrictions

Facility initially can accordion to $50M with approval and commitments of lender(s)

* Collateral or Portfolio loan?

See attached working draft term sheet. Seeking a Senior Secured Credit Facility. Secured by 1st mortgages on the collateral pool of real estate assets that has the ability to expand and contract as necessary.

* What is the use of funds?

to fund the remaining Webster Asset Expansion. This action would terminate the tenant's purchase option and reset the lease term to 15 years from the current 9 years remaining

* Any new equipment needed? If so, how much?

No

* Is the portfolio the collateral you want to use for a loan?

Initial real estate portfolio collateral would be the 6 Curaleaf assets that were included and fully described in the data room. We would add further assets to the borrowing base as acquired or expanded.

* What LTV and terms are you seeking?

Borrowing base availability calculation of the lesser of 60% invested cost or appraised as-is value

* The Cannabis companies that are the tenants does FHP own any of these companies?

We do not own any of our tenants equity

We are 100% non flower touching owning only real estate

* What are the next (5) purchases that FHP are looking to do? I would like to block fund them together or Blanket it all together.

We have not committed to any next acquisitions yet. This has been purposeful to retain reputation by not committing and not being able to close. As we are 100% equity at this point and are fully deployed at this point. Maintaining and using a revolving credit facility as I have laid out in the term sheet is a traditional REIT acquisition financing tool.

Reason for financing:

lack of traditional bank lending to the cannabis space, even to nonflower touching companies.

We are in process of seeking $75M additional Reg D Private Placement common equity in the next 45-60 days. Stifel is our placement agent and lead investment bank.

We are also days away from filling our first round confidential S-11 with the SEC as we will be seeking an IPO on the OTCQX 1Q21 (NYSE & NASDAQ are accepting listing of US Cannabis related companies). We will be immediately prepared to uplist when NYSE/NASDAQ change their views.