CANN GROUP LIMITED — AGM Information 2023

Oct 25, 2023

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ASX ANNOUNCEMENT

26 October 2023

AGM Presentation

26 October 2023 – In advance of this morning’s Annual General Meeting of shareholders to be held at 10:00am, and in accordance with ASX Listing Rule 3.13.3, Cann Group Limited (CAN:ASX) is pleased to provide a copy of the presentation that will be made to shareholders at the AGM.

Authorised for release by the Board of Directors of Cann Group Limited.

For all media enquiries please contact:

Jackson Paine Corporate Communications Manager +61 439 492 955 jackson.paine@canngrouplimited.com

For all other information please contact:

Peter Koetsier Deborah Ambrosini CEO CFO Cann Group Limited Cann Group Limited +61 3 9095 7088 +61 3 9095 7088 contact@canngrouplimited.com deborah.ambrosini@canngrouplimited.com

About Cann Group

Cann Group Limited (ABN 25 603 949 739) is enhancing patients’ lives by developing, producing, and supplying innovative cannabis medicines. The Company has research facilities and corporate headquarters in Melbourne and operates a state-of-the-art large-scale cultivation and GMP manufacturing facility near Mildura, Victoria. Cann Group supplies a range of dried flower and oil products, as well as active pharmaceutical ingredients and extracts, to customers in Australia and around the world. Cann Group also owns Satipharm and its patent-protected capsule technology.

Learn more at: www.canngrouplimited.com | www.satipharm.com

Cann Group Limited

ACN 25 603 949 739, Australia 262-276 Lorimer Street, Port Melbourne 3207, Victoria, Australia Tel +61 (0) 3 9095 7088 | www.canngrouplimited.com

Growing a better life.

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Annual General Meeting | 26 October 2023

Disclaimer: Important notice

This presentation (Presentation) has been prepared by Cann Group Limited (ABN 25 603 949 739) (Cann).

Summary information

This Presentation contains summary information about Cann and its activities which is current as at the date of this Presentation. The information provided in this Presentation pertaining to Cann and its business assets, strategy and operations is for general informational purposes only.

Future performance

This Presentation contains certain ‘forward looking statements’, including but not limited to projections, guidance on future revenues and other potential synergies and estimates about the future performance of Cann. Forward looking statements can generally be identified by the use of forward-looking words such as, ‘expect’, ‘anticipate’, ‘likely’, ‘intend’, ‘should’, ‘could’, ‘may’, ‘predict’, ‘plan’, ‘propose’, ‘will’, ‘believe’, ‘forecast’, ‘estimate’, ‘target’ ‘outlook’, ‘guidance’, ‘potential’ and other similar expressions within the meaning of securities laws of applicable jurisdictions.

The forward-looking statements contained in this Presentation are not guarantees or predictions of future performance and involve known and unknown risks and uncertainties and other factors, many of which are beyond the control of Cann, and may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct. No representation, warranty or assurance (express or implied) is given or made in relation to any forward-looking statement by any person (including Cann). There can be no assurance that actual outcomes will not differ materially from these forward-looking statements. A number of important factors could cause actual results or performance to differ materially from the forward-looking statements. The forward-looking statements are based on information available to Cann as at the date of this Presentation.

Except as required by law or regulation (including the ASX Listing Rules), Cann undertakes no obligation to provide any additional or updated information whether as a result of new information, future events or results or otherwise. Indications of, and guidance or outlook on, future earnings or financial position or performance are also forwardlooking statements.

Past performance

Investors should note that past performance, including any historical information in this Presentation cannot be relied upon as an indicator of (and provides no guidance as to) future Cann performance including future share price performance.

All rights reserved

Copyright in this Presentation (including in any photographs) is the property of or is licensed to Cann and is protected under copyright laws. No part of this Presentation may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the Company, except in the case of brief quotations embodied in critical reviews and certain other non-commercial uses permitted by copyright law.

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Cann Group Limited | Annual General Meeting 2023

Agenda

• 1 Introduction

• 2 Chairman’s Address Formal Business of

• 3 AGM

• Resolutions for

• 4 Voting

• 5 CEO’s Address 6 Q&A

• 7 Meeting Close

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Annual General Meeting

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Chairman’s Address

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Corporate Growth

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Market Growth

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Non-Renounceable Rights Offer

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Board & Management Changes

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Formal Business of AGM

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Item 1 | Financial statements and reports

To receive the financial report, directors’ report and auditor’s report for the Company and its controlled entities for the financial year ended 30 June 2023.

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Cann Group Limited | Annual General Meeting 2023

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Resolutions for voting

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Resolution 1 | Adoption of the Remuneration Report

That pursuant to and in accordance with section 250R(2) of the Corporations Act, the Remuneration Report for the financial year ending 30 June 2023 as set out in pages 24 to 31 (inclusive) of the Annual Report, be adopted.

Proxy votes

Total valid % of issued For Open Against available Abstain capital votes Votes 39,251,839 1,638,476 4,074,778 44,965,093 10.55% 750,066 Percenta e 87.29% 3.64% 9.06% g

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Cann Group Limited | Annual General Meeting 2023

Resolution 2 | Re-election of a Director

That Ms Jennifer Pilcher, a Director who retires from office in accordance with ASX Listing Rule 14.4 and Rule 50.2 of the Company’s Constitution and being eligible for re-election, be re-elected a Director of the Company.

Proxy votes

	For	Open	Against	Total valid available votes	% of issued capital	Abstain
Votes	55,353,826	1,907,704	1,631,882	58,893,412	13.82%	1,259,748
Percentage	93.99%	3.24%	2.77%

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Cann Group Limited | Annual General Meeting 2023

Resolution 3 | Re-election of a Director

That Dr Julian Chick, a Director who was appointed to fill a casual vacancy in accordance with Rule 49.1 of the Company’s Constitution, and who is eligible for re-election, be re-elected a Director of the Company in accordance with ASX Listing Rule 14.4 and Rule 50.4 of the Company's Constitution.

Proxy votes

	For	Open	Against	Total valid available votes	% of issued capital	Abstain
Votes	55,590,686	1,907,704	1,118,282	58,616,672	13.75%	1,536,488
Percentage	94.84%	3.25%	1.91%

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Cann Group Limited | Annual General Meeting 2023

Resolution 4 | Ratification of shares issued to CSIRO

That, for the purpose of Listing Rule 7.4, Shareholders ratify the prior issue of 520,118 ordinary shares issued to Commonwealth Scientific and Industrial Research Organisation as set out in the Explanatory Memorandum which accompanies and forms part of the Notice of this Meeting.

Proxy votes

	For	Open	Against	Total valid available votes	% of issued capital	Abstain
Votes	52,936,360	1,916,321	2,146,783	56,999,464	13.37%	703,358
Percentage	92.87%	3.36%	3.77%

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Cann Group Limited | Annual General Meeting 2023

Resolution 5 | Approval of additional 10% placement capacity for 12 months

That, for the purpose of Listing Rule 7.1A, approval is given for the issue of equity securities, as that term is defined in the Listing Rules, totalling up to 10% of the issued capital of the Company at the time of issue, calculated in accordance with the formula prescribed in Listing Rule 7.1A.2.

Proxy votes

	For	Open	Against	Total valid available votes	% of issued capital	Abstain
Votes	49,531,116	1,901,208	8,408,431	59,840,755	14.04%	312,405
Percentage	82.77%	3.18%	14.05%

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Cann Group Limited | Annual General Meeting 2023

Resolution 6 | Approval of Employee Share Option Plan

That pursuant to and in accordance with Listing Rule 7.2 (Exception 13) and sections 259B(2) and 260C(4) of the Corporations Act, the Cann Group Limited Employee Share Option Plan ("Employee Share Option Plan"), and the grant of and issue of all securities under the Employee Share Option Plan on the terms and conditions set out in the Explanatory Statement, are approved.

Proxy votes

	For	Open	Against	Total valid available votes	% of issued capital	Abstain
Votes	38,965,514	1,596,072	4,870,554	45,432,140	10.66%	255,776
Percentage	85.77%	3.51%	10.72%

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Cann Group Limited | Annual General Meeting 2023

Resolution 7 | Approval of Long-Term Incentive Plan

That pursuant to and in accordance with Listing Rule 7.2 (Exception 13) and sections 259B(2) and 260C(4) of the Corporations Act, the Cann Group Limited Long-Term Incentive Plan ("Long-Term Incentive Plan"), and the grant of and issue of all securities under the Long-Term Incentive Plan on the terms and conditions set out in the Explanatory Statement, are approved.

Proxy votes

	For	Open	Against	Total valid available votes	% of issued capital	Abstain
Votes	52,986,695	1,600,618	3,911,279	58,498,592	13.72%	111,196
Percentage	90.58%	2.74%	6.69%

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Cann Group Limited | Annual General Meeting 2023

Resolution 8 | Approval of Employee Share Contribution Plan

That pursuant to and in accordance with Listing Rule 7.2 (Exception 13) and sections 259B(2) and 260C(4) of the Corporations Act, the Cann Group Employee Share Contribution Plan ("Employee Share Contribution Plan"), and the grant of and issue of all securities under the Employee Share Contribution Plan on the terms and conditions set out in the Explanatory Statement, are approved.

Proxy votes

	For	Open	Against	Total valid available votes	% of issued capital	Abstain
Votes	52,492,020	1,657,640	4,034,078	58,183,738	13.65%	426,050
Percentage	90.22%	2.85%	6.93%

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Cann Group Limited | Annual General Meeting 2023

Resolution 9 | Approval of Employee Share Gift Plan

That pursuant to and in accordance with Listing Rule 7.2 (Exception 13) and sections 259B(2) and 260C(4) of the Corporations Act, the Cann Group Employee Share Gift Plan ("Employee Share Gift Plan"), and the grant of and issue of all securities under the Employee Share Gift Plan on the terms and conditions set out in the Explanatory Statement, are approved.

Proxy votes

	For	Open	Against	Total valid available votes	% of issued capital	Abstain
Votes	46,419,106	1,953,319	9,874,153	58,246,578	13.66%	363,210
Percentage	79.69%	3.35%	16.95%

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Cann Group Limited | Annual General Meeting 2023

Resolution 10 | Appointment of Director

That Mr Christopher Feddersen, a member of the Company who nominates himself in accordance with ASX Listing Rule 14.3 and Rule 50.7 of the Company’s Constitution, be elected as a Director of the Company.

Proxy votes

	For	Open	Against	Total valid available votes	% of issued capital	Abstain
Votes	16,372,574	2,308,582	40,273,165	58,954,321	13.83%	1,198,839
Percentage	27.77%	3.92%	68.31%

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Cann Group Limited | Annual General Meeting 2023

Voting

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CEO’s Address

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Mildura

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Capacity & Quality Range

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Commercial Focus

Revenue

CANN REVENUE YEAR ON YEAR

	CANN REVENUE YEAR ON YEAR	CANN REVENUE YEAR ON YEAR	CANN REVENUE YEAR ON YEAR	CANN REVENUE YEAR ON YEAR	CANN REVENUE YEAR ON YEAR	CANN REVENUE YEAR ON YEAR	CANN REVENUE YEAR ON YEAR	CANN REVENUE YEAR ON YEAR
	0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50	Mar-22 Mar-23 Jun-22 Jun-23 Sep-22 Sep-23 Audited Audited Audited Audited Audited Unaudited
		Mar-22 Audited	Mar-23 Audited	Jun-22 Audited	Jun-23 Audited	Sep-22 Audited	Sep-23 Unaudited

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Cann Group Limited | Annual General Meeting 2023

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Commercial Focus

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Capital Raising

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Outlook

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&A Q

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Contact

Peter Koetsier

Chief Executive Officer peter.koetsier@canngrouplimited.com

Deborah Ambrosini

Chief Financial Officer and Company Secretary deborah.ambrosini@canngrouplimited.com

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Jackson Paine

Corporate Communications Manager jackson.paine@canngrouplimited.com

canngrouplimited.com | +61 3 9095 7088