Progress Report: 12.29.23

Grasshopper Family,

As we conclude 2023, I am thrilled to share our final Friday summary of the year, reflecting on a journey that has been nothing short of remarkable.

This year has been a testament to our team's dedication and excellence. In Michigan, we achieved our most fruitful harvest, setting new standards in both quality and quantity. Colorado witnessed its inaugural harvest, surpassing expectations with outstanding results. Minnesota excelled in low-THC cultivation while actively exploring new opportunities under adult-use regulations. In New Jersey, we stand on the cusp of a major breakthrough, poised to make a significant impact in the market.

Our potential expansion into Massachusetts, Ohio, Florida, Kansas, Washington, and Oklahoma has been a journey of organic growth, each state shaping up in its unique way.

This year marks our triumphant recovery from the 2021 Michigan recall, firmly establishing Grasshopper Farms in the market. We are now part of an elite group, less than 3% nationwide, who are operationally and financially robust. More importantly, we stand strong and united.

At the heart of our success is our commitment to building a community – a family within Grasshopper Farms. We pride ourselves not only on our business achievements but on our unparalleled support for our people, fostering a culture of care and compassion that sets us apart.

Our achievements are a collective effort, and I am deeply grateful for the unwavering support and trust you have all shown. To those who have cheered us on and to our investors who believed in our vision, your faith in Grasshopper Farms fuels our passion and drive.

As we usher in the New Year, I encourage you to embrace 2024 with vigor and enthusiasm. Let's aim for new heights, exploring possibilities we never imagined.

Thank you for being an integral part of this incredible journey. Here's to reaching new levels together in the coming year.

Wishing you a joyful and prosperous New Year!