To date, Liberty has entered into an exclusive Management Agreement with Chestnut Hill Tree Farm LLC (“Chestnut”), a Florida nursery authorized by the Florida Department of Health, Office of Compassionate Use, as a dispensing organization of medical cannabis to patients in need in the State of Florida. Chestnut holds one of eight licenses granted in Florida, which currently represents approximately 14% of the U.S. medical cannabis market with a total estimated market size at maturity of over $1.1 billion.

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