THE FUTURE OF CANNABIS

STARTS IN COLOMBIA

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Overview of Santa Marta Life Sciences (‘Santa Marta’ or ‘SMLS’)

Established Operational FoundationSanta Marta is a British Columbia private company with a 100%owned Colombian subsidiary, Santa Marta Life Sciences SAS.

History of Hitting MilestonesSMLS has achieved some early wins and achievements, bothoperationally and financially, through their knowledge andconnections in the cannabis sector.

Aggressive Timeline To Build ValueThe Company is aggressively pursuing plans for M&Aopportunities, including a reverse takeover (RTO) transaction with ashell company listed on a Canadian stock exchange.

Team of Cannabis Industry ExpertsSMLS is founded by a group of Canadian cannabis industry expertsand includes highly-accomplished Management, Advisors,Investors & Strategic Partners.

Colombia: The Future of CannabisColombia presents an opportunity for better economics and asmaller ecological footprint than competitors in the US and Canada,largely because of its geography, labour and supplies costs, andprime cultivation characteristics,

OUR COMPETITIVE ADVANTAGES

Signed agreement with Santa Marta GoldenHemp, a subsidiary of Avicanna (TSE: AVCN), foruse of CBD/CBG genetics; also SMLS hasregistered nearly 1,000 proprietary varieties andexpects to have full commercial approval on thefirst 10 strains by Q1/Q2 2021

Registered Genetics:

Management and board with proven experiencein cultivation, extraction, capital markets andsales and an experienced group of advisors inColombia, including political advisors, agriculturalconsultants and land-owners.

Experience across the Industry:

Compared to our North American & Europeancounterparts, significantly reduced costs,including land, raw materials, energy, labor,taxation and professional services (lawyers,accountants, etc.).

Low Operating Costs:

Strategic partnerships with cannabis companiesincluding Avicanna, Orion GMP Solutions, AdastraLabs, Miracle Valley Medicinal Alternatives andThrive Cannabis; thereby securing all requiredservices from seed to distribution.

Secured Partners for Commercialization:

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The global regulated cannabis industry climbed in value to reach USD$9.1 billion in 2019.

Estimates of the future size of the industry range from $150 billion to $500 billion by 2027.

Some analysts expect the scale of the mature cannabis market to reach the order of alcohol and tobacco sales, which are $1.3 trillion and $680 billion, respectively.

In relation to CBD-infused cosmetics, some analysts expect the market to reach USD$959 million by 2024 and represent 10% of the global skin care industry.

Market Overview

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Why Colombia?Better Economics than our North American CompetitorsAccording to Arcview, the cost to cultivate cannabis in Colombia is 60X cheaper than in Canada and 30X cheaper than in the U.S.1

Well Placed Geography For Worldwide ExportationColombia is ideally located for exportation by air or sea to Canada (Toronto-3,636 km), Europe (Frankfurt-8,541 km) and Australia (Sydney-14,764 km).

Prime Cultivation CharacteristicsThe cannabis plant thrives in Colombia as a result of equatorial photo periods, nutrient-rich soil and plentiful water resources.1

Santa Marta has been an agricultural region forgenerations and features a comprehensivecultivation infrastructure and skilled workforce.

Unique Geography: Access To Major Transport Routes

Proximity to The Equator Equator results in a generally tropical andisothermal climate, 12-hour photoperiods amd littlefluctuation in temperature through the year.

History of Cultivation

Santa Marta is near the coast and accessible bymajor shipping lanes in the Caribbean Sea, AtlanticOcean and the Panama Canal.2 Santa Marta alsohas an international.

Why Santa marta?

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Board of DirectorsNick StandishNick has spent the past 15 years developing his business skills as an activeinvestor, project manager, advisor and executive. He is a calculated risk-taker who is recognized for his business strategies, leadership and teambuilding, while embracing core values of integrity, innovation andgrowth. He is the CEO & founder of Santa Marta Life Sciences Corp., adirector of Veritas Pharma Inc. (CSE: VRT), and an advisor for MiracleValley Medicinal Alternatives and Blocpal International

Blair LowtherBlair was formerly a securities and corporate lawyer at Miller ThomsonLLP, where he advised companies listed on the NYSE, TSX, TSX-V andCSE. Blair’s legal practice focused on advising companies in emergingindustries, such as cannabis, biosciences and blockchain. Blair is also aDirector of Veritas Pharma Inc. (CSE: VRT), Chair of the Board of Directorsof Sport BC and a Business Law Instructor at Kwantlen PolytechnicUniversity. Blair has a BA(Dist.) and JD from the University of BritishColumbia and is a member of the Law Society of B.C.

Derek BoydDerek is the Director of Technology for Georgia Main Food Group (GMFG),a Canadian grocer with 30 locations in British Columbia, where he isleading a full digital transformation of their back office and retail systems.At MVMA, Derek was responsible for managing the company’s overallcorporate direction and strategy, facilitating company activity in finance,technology, regulatory and security compliance, and human resources.

Advisory Board

Todd ScarletTodd is an expert in indoor, greenhouse, and outdoor cannabis cultivation and brings 15years of experience at a commercial scale. Todd has managed and run multiplesuccessful cannabis cultivation operations and specializes in growing high-quality, cost-effective cannabis in controlled environments. Recently, he worked and consulted onthe SOP’s, designs and operations for Miracle Valley Medicinal Alternatives, IndigenousBloom Corp. and Thrive Cannabis.

Dr. Patricio StockerDr. Stocker has long been involved in the cannabis business in Colombia and Canada andmost recently in Europe, as Chairman of Alphagreen Group. Previously, Dr. Stocker co-initiated the cannabis industry in Colombia, with successive roles as CEO of PharmaCieloLtd. and Blueberries Medical Corp. He led the first company to be licensed in Colombiafrom its original business plan to the going-public stage, raising over CAD$50 million andgrowing the company value to over CAD$300 million. With over 20 years of internationalexperience in the automotive sector at corporations like Daimler, Dr. Stocker held topmanagement positions, with country and regional P&L responsibilities. Dr. Stocker holdsa PhD in Economics and BA in Business Administration from the University of St. Gallen,Switzerland.

Andrew SamannAndrew is the founder of Orion GMP Solutions and serves as the Chief Executive Officerand Principal Consultant. As a Sergeant in the United States Marine Corps, he served twotours in Iraq as an NCOIC, leading a team of Marines responsible for quality maintenancemanagement and documentation of over 400,000 life limited critical parts on UH‐1N andAH‐1W attack helicopters. Andrew's experience spans the fields of bio‐analyticalchemistry and purification; including pharmaceutical manufacturing of ActivePharmaceutical Ingredients under FDA and International GMP guidelines in an FDARegistered, DEA Schedule 1 Facility

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Executive & Management Team

Rafael comes from a family of palm oil producers with significant land holdings inMagdalena, Colombia. He graduated from H.I.M. Montreux Switzerland and is fluent in5 languages. Rafael brings more than 30 years of management experience in late-yielding tropical crops, and innumerable strategic relationships in Latin America andEurope. Additionally, the Pardo family owns the land leased for this project.

Rafael Cotes Pardo – VP, Colombian Operations

Trevor is a world class cannabis grower and has a very strong knowledge, as well asa deep understanding, of the cannabis plant. He has extensive commercial indoorand outdoor cultivation experience, which he has developed over his 20 years ofcannabis cultivation experience.

Trevor Sage – Master Grower, Colombia

Armando is an architect, specializing in engineering project management. He iscurrently architectural advisor to the infrastructure branch of the Governor ofMagdalena’s office. Mr. Pardo has also been engaged as a general contractor to theMayor's Office of Ciénaga Magdalena.

Armando Luis Cotes Pardo – VP, Design & Infrastructure

Jorge is a mechanical engineer with more than 20 years of international experiencein mechanical engineering and specific expertise in HVAC, plumbing, piping, fireprotection, controls, energy simulation/optimization, electrical systems design, andother cost saving consultation services.

Jorge Lopez - MsME, P Eng., PE, ND – Project Manager

Nick Standish – Chief Executive Officer

Blair Lowther – Chief Strategy Officer

Kelsey Chin – Chief Financial Officer

Kelsey Chin, a Chartered Professional Accountant, has over 15 years ofexperience in audit, finance and accounting within the mining, exploration,healthcare and technology industries. She has served as director andexecutive officer for numerous publicly-traded companies, where shewas responsible for all aspects of financial services, financial reporting,and corporate governance. Kelsey is intricately familiar with accountingprinciples and analyzing and preparing financial statements within thecannabis industry.

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Registered Seed Genetics for thc, cbd & cbg

Immediate Access To Licensed Seed GeneticsAgreement with Avicanna (TSX: AVCN) to supply seeds from theirselective breeding program; thereby providing SMLS with uniquecommercial cultivars for THC, CBD and CBG dominant strains

Proprietary Database of Registered Seed GeneticsSMLS has registered nearly 1,000 varieties and expects to havefull commercial approval on the first 10 strains by Q1/Q2 2021

Quality Risk ManagementRisk studies and validation reports will serve as the basis for 3rdparty GMP certification. Our GMP validation studies began in Q22020 and will be followed by stability studies to establish shelflife in Q3 2020.

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Indoor and Outdoor Cannabis Cultivation

34.5 Hectares Licensed for Cultivation and Extraction25-year (renewable) lease on 34.5 hectares of prime agriculturalland, with a right-of-first-refusal to purchase and an option on anadjacent 600-hectares. Santa Marta has also secured contractfarming agreements covering more than 2,000 additional hectaresof farmland in the same region.

Decades of Cultivation Experience Proven cultivation processes tested over two decades forproduction of high-yield, high-quality cannabis plants, withanticipated annual flower production of 2,500 kg for each 1,000 m2of indoor cultivation and 400 kg for each 1,000 m2 of outdoorcultivation.

Low Cost Production FrameworkTight cost controls by virtue of low labour and production costs,ideal environmental conditions and high-tech automation systems.

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Processing & Extraction

More than 30 collective years of indoor, greenhouse and outdoor cannabis experience, with specific knowledge in cannabis extraction and processing.

Extraction

Orion GMP is a leader in the field of quality cultivation and the implementation of current Good Manufacturing Practices (cGMP), with more than 75 years of combined team experience.

GMP Collaboration

The selection of the proper equipment to produce the ideal product stream is critical to the success of any cannabis operation and to GMP compliance & certification

Careful Equipment Selection

Our GMP-compliant extraction facility will use leading edge technology to produce Active Pharmaceutical Ingredients (APIs) that meet the highest global standards.

Modern Technology

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Commercial Extraction Systems

Equipment Collaboration with Evolved ExtractionsSMLS has collaborated with Evolved Extractions, a firm specializing incannabis extraction equipment and having a team experienced incommercial extraction.

AutomationSMLS has tendered an order to Evolved Extractions for their EV MassSystem, a fully-automated, closed loop, chilled alcohol extractor.

Production RateThe EV Mass can process up to 60 pounds of cannabis per hour withcapabilities to easily scale-up.

Quality ProductThe EV Mass is designed for maximum extraction of plant essentialswith the least amount of plant damage while providing for 99%+solvent recovery.

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Distribution & Finished Products

International API Distribution AgreementsAgreements for distribution of active pharmaceuticalingredients in the EU, Canada, Mexico, and Colombia, aslegally permitted.

In partnership with a Canadian cosmetics company, SMLS isdeveloping formulations for a suite of cosmetic products thatwill be distributed through our partner’s established channels.

Cosmetic Products

Infused BeveragesPartnership with Manante Agua, a Colombian spring-watercompany, to supply APIs for a suite of cannabis-infusedbeverages.

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GMP: Quality Assurance

Vendor Supply ChainsGood Manufacturing Practices means examining the entiresupply chain to ensure all elements and vendors meet the qualityspecifications and requirements of downstream processes.

Documentation, then more documentation…GMP ensures all processes are 100% documented and areconsistently carried out to meet the expectations of thecustomer.

Technology Application

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GMP takes a risk-based approach to ensure quality through theapplication of industry best-practices, technology, and processesdesigned to meet or exceed requirements.

ProtectionCustomer and company safeguards effectively monitor criticalelements of the GMP system to ensure recalls and remediation,where necessary.

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Reverse Takeover for stock exchange Listing

The completion of a reverse takeover transaction will provide a near-term exit

opportunity for current and future investors by virtue of

the liquidity of Canadian stock exchanges.

Potential Exit For Investors

Due to recent events and the 2019 & 2020 dynamics of the cannabis sector, capital

has become more constrained. Being a

publicly-listed company in Canada will provide

additional opportunities for capital and M&A

transactions.

The Pool of Potential Capital

The filing requirements for public companies in Canada provides more transparency

into operations and accountability for

management teams, which helps add credibility to an often-stigmatized industry

Transparency For Cannabis Investors

Due to the global nature of Santa Marta’s operations, a public listing will increase the Company’s brand and

awareness in North America and beyond.

Global Awareness and Visibility

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Corporate social responsibility

Colombia’s unemployment rate grew to 9.4% in 2017, making it thecountry with the highest unemployment rate in Latin America afterVenezuela. The cannabis industry can greatly change the outcomeof unemployment by providing sustainable and well-paid jobs in itsregion.

Job Creation

Efficient Use of our Natural EnvironmentSMLS is dedicated to environmental preservation andsustainability, We will fully utilize the tropical, isothermal and othernatural benefits of our region to help ensure an eco-friendlysolution. The ecological impact of cannabis cultivation in Colombiais estimated to be 400x lower than in Colorado. 5

SMLS is committed to improving the physical infrastructure,education system and public services in the areas in which itoperates.

Improving Local & Indigenous Communities

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0201

Q32018

Q32018

03

Q22019

04

Q22019

SMLS founded; Signed

land lease

Friends & Family Financing

Round

Received License for

Cultivation, Extraction and

Export of Non-

Psychoactive Cannabis

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Q32019

Received License for

Manufacture of

Cannabis Derivatives

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Q22019

Signed Contract Farming

Agreements for 2,000+ ha.

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Q32019

Received License for THC

Cultivation

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Q42019

Construction of first

10,000 sf ft

greenhouse

PROGRESS To DATE

Second Financing Round

08

Q12020

Signed Definitive

Agreement with a

TSXV- listed shell

company

Receive Seeds/Genetics License

Receive final license from the Colombian government by Q4

2020

Construction

Build a second 1,000 m2 GACP compliant building

Outdoor Cultivation

Commence non-psychoactive cultivation on initial 5 hectares

EU GMP Extraction Faculty

Build an EU GMP compliant extraction facility for

production of pharmaceutical grade cannabis and hemp oils

Land Expansion

Begin land preparation to expand into the adjacent 10

hectares

GMP Certification

Achieve GMP certification of our extraction facility

Contract Farming

Apply SMLS Non-Psychoactive Cultivation License to local

contract farmlands

Future Milestones

Expand Extraction & Processing Operations

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Expand Extraction & Processing Services to other cultivators

and contract farmers

Revenue & Proforma Financials

Two Part Revenue Strategy

SMLS will achieve revenue by the sale of ActivePharmaceutical Ingredients (APIs). To producethese APIs, SMLS will extract and process biomasscultivated by:

1. SMLS at its facility in Santa Marta, Colombia; and

2. local Contract Farmers with whom SMLS hasnegotiated exclusive supply and toll processingagreements.

SMLS Proforma Revenue & Gross Profit ($M)

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EBIT

Revenue

STAGE 1 - $4M

Capital Markets $400K

GMP Certification & Associated Costs

$450k

Grow supplies & Harvesting Equipment

$900k

Extraction & Processing Facility

$465k

Extraction Equipment $350k

Security and Fencing $200k

Wages $600k

Marketing $250k

Leases $260k

Travel $50kLegal $75k

Use of ProceedsRevenue Generation

This round will provide Santa Marta the assets andcapabilities to generate our first commercial crop.

Hard Assets

Most of the funds raised will be allocated to hardasset costs (processing and extraction facility,extraction equipment, greenhouses, etc.)

Extraction Facility

Cannabis extraction is acritical step in the productionof value-added productssuch as cannabis oils, gelcaps, vape-able products,cannabis-infused food,topicals and infusedbeverages

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Appendix

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Capitalization Table

0 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000

Founders/Executive

Advisors

Investors

Total

Pre-investment cap table (non-Diluted)

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Financial projections2021 2022 2023 2024 2025

Revenues $ - $ 12,318,750 $ 46,831,731 $ 76,132,212 $ 109,817,308

Expenses $ - $ 4,961,813 $ 24,475,865 $ 36,034,904 $ 49,037,596

EBIT $ (901,046) $ 4,772,861 $ 14,457,824 $ 26,985,144 $ 42,105,786

Gross Profit $ - $ 7,356,938 $ 22,355,865 $ 40,097,308 $ 60,779,712

CAPEX $ (2,850,000) $ (1,467,856) $ (4,000,000)

Forward Looking Statements

This presentation contains forward looking statements that involve risk and uncertainties which can be identified by the use of forward-looking terminology, such as “believes”, “expects”, “may”, “will”, “should”, “plans” or “anticipates” or variations thereon or comparable terminology or by a discussion of strategy. Because such statements include risks and uncertainties, future events may differ materially from those discussed herein, due to a number of factors, including uncertainties related to the Company’s early stage of development, receipt of necessary governmental licenses and approvals, and future capital requirements.

The financial projections contained in this presentation were prepared by the Company in good faith based upon assumptions that the Company believes to be reasonable. However, no assurances can be given regarding the attainability of the projections or the reliability of the assumptions on which they are based. The projections are subject to the uncertainties inherent in any attempt to predict the results of operations for the Company which does not have a significant operating history. Certain of the assumptions used will inevitably not materialize and unanticipated events will occur. Therefore, the actual results of operations are likely to vary from the projections and such variations may be material and adverse to the Company.

The financial projections are included solely to give prospective investors information concerning the Company’s estimates of future operating results based on the assumptions and no assurance can be given that such results will be achieved. The Company reserves the right to conduct its business in a manner different than that set forth in the assumptions, as changing circumstances may require.

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1. Arcview. The State of Legal Marijuana Markets. 6th Edition. 2018. 2. https://en.wikipedia.org/wiki/Santa_Marta3. https://www.britannica.com/place/Colombia/Climate4. https://www.grandviewresearch.com/press-release/global-legal-marijuana-market5.. https://www.footprintnetwork.org/2017/08/16/ecological-footprint-cannabis/

Thank you !

Nick StandishFounder and Chief Executive Officer

nick@santamartalifesciences.com

Blair LowtherCo-Founder and Chief Strategy Officer

blair@santamartalifesciences.com

Endnotes: