ATB Capital Markets

Ascend Wellness Holdings is a multi-state operator in the cannabis industry, active in five states: Illinois, Michigan, Massachusetts, New Jersey, and Ohio. Founded in 2018 by Abner Kurtin, the company focuses on markets with limited licenses, primarily east of the Rockies. Ascend Wellness is vertically integrated, engaging in the cultivation, manufacturing, and distribution of cannabis consumer packaged goods. It operates state-of-the-art cultivation facilities, producing award-winning strains and a curated selection of premium products. The company's products are sold through its own retail stores as well as third-party licensed cannabis retailers, with the majority of its revenue generated from the retail segment. Ascend Wellness aims to redefine the cannabis marketplace by breaking down traditional barriers and enhancing the overall consumer experience.

Tamarack Valley Energy is an oil and gas company involved in the identification, evaluation and operation of resource plays in the Western Canadian sedimentary basin. The Company uses a rigorous, proven modeling process to carefully manage risk and identify growth opportunities. Tamarack's diversified suite of oil-focused assets provides exposure to the high impact Cardium light oil resource plays in Lochend, Garrington/Harmattan and Buck Lake in Alberta, low cost Viking light oil resource plays in Redwater, Foley Lake and Westlock in Alberta and highly economic heavy oil opportunities southeast of Lloydminster in Saskatchewan.

Yangarra Resources is a junior oil and gas company focused on the exploration, development, and production of natural gas and oil in Western Canada, particularly in Central Alberta. The company operates primarily in the Western Canadian Sedimentary Basin, where it possesses significant infrastructure and landholdings. Key operational areas include O'Chiese, Willesden Green, Ferrier, Cow Lake, Chambers, and Chedderville. Through its strategic focus on these regions, Yangarra aims to effectively leverage its resources and enhance its production capabilities.

Yangarra Resources is a junior oil and gas company focused on the exploration, development, and production of natural gas and oil in Western Canada, particularly in Central Alberta. The company operates primarily in the Western Canadian Sedimentary Basin, where it possesses significant infrastructure and landholdings. Key operational areas include O'Chiese, Willesden Green, Ferrier, Cow Lake, Chambers, and Chedderville. Through its strategic focus on these regions, Yangarra aims to effectively leverage its resources and enhance its production capabilities.

Rock Energy focused on low cost of production and on growing through the drill bit, leveraging enhanced recovery technologies and targeted acquisitions.

PineCliff Energy engages in acquisition of interests in petroleum and natural gas rights and the exploration, development and production.

Tamarack Valley Energy is an oil and gas company involved in the identification, evaluation and operation of resource plays in the Western Canadian sedimentary basin. The Company uses a rigorous, proven modeling process to carefully manage risk and identify growth opportunities. Tamarack's diversified suite of oil-focused assets provides exposure to the high impact Cardium light oil resource plays in Lochend, Garrington/Harmattan and Buck Lake in Alberta, low cost Viking light oil resource plays in Redwater, Foley Lake and Westlock in Alberta and highly economic heavy oil opportunities southeast of Lloydminster in Saskatchewan.

Yangarra Resources is a junior oil and gas company focused on the exploration, development, and production of natural gas and oil in Western Canada, particularly in Central Alberta. The company operates primarily in the Western Canadian Sedimentary Basin, where it possesses significant infrastructure and landholdings. Key operational areas include O'Chiese, Willesden Green, Ferrier, Cow Lake, Chambers, and Chedderville. Through its strategic focus on these regions, Yangarra aims to effectively leverage its resources and enhance its production capabilities.