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March 2018 Company Presentation Stock symbol VGM on the TSXV

PowerPoint Presentation · Gillette, Molson Coors • Managed brand Profit & Loss statements of $380m in revenue • 25+ years with major US brands and retailers • Managed wholesale

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March 2018

Company Presentation

Stock symbol

VGM

on the TSXV

Cautionary Notes

Not for Distribution; No Offering

This presentation is for information purposes only and may not be reproduced or distributed to

any other person or published, in whole or part, for any purpose whatsoever. This presentation

does not constitute a general advertisement or general solicitation or an offer to sell or a

solicitation to buy any securities in any jurisdiction. Such an offer can only be made by prospectus

or other authorized offering document. This presentation and materials or fact of their distribution

or communication shall not form the basis of, or be relied on in connection with any contract,

commitment or investment decision whatsoever in relation thereto. The information in this

presentation is not intended in any way to qualify, modify or supplement any prospectus, listing

statement, information circular or other information disclosed under the corporate and securities

legislation and stock exchange policies of any jurisdiction relating to Global Gardens Group Inc.

(the “Company”). No securities commission or similar authority in Canada or any other jurisdiction

has in any way passed upon the adequacy or accuracy of the information contained in this

presentation.

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Forward-looking

Information & Statements

This presentation contains “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” within the meaning of the United States Private Securities

Litigation Reform Act of 1995 (together, “forward-looking statements”). Forward-looking statements in this presentation include, but are not limited to, statements with respect to: the Company’s strategy,

development and commercialization plans (including sales roll out plans, shelf launches in grocery stores, health food stores and mass merchandiser and convenience store outlets and the projected number of

such stores, projected milestones, and cost metrics), market prices, values and other economic indicators. Forward-looking statements are based on certain material assumptions and analysis made by the

Company, and the opinions and estimates of management as of the date such statements are made and they represent management's best judgment based on facts and assumptions that management

considers reasonable in light of its experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate, and are subject to risks and

uncertainties.

The material assumptions upon which forward-looking statements in this presentation are based include, among others, assumptions with respect to: commercialization, growth plans and cash flows; the demand

for the Company's Veggemo product and non-dairy beverages in general; the Company's ability to access financing on favorable terms from time to time; the Company's ability to protect its intellectual property

rights; the Company's ability to secure shelf distribution in grocery stores, health food stores and mass merchandiser and convenience store outlets; the Company's ability to attract and retain customers; the

continuation of executive and operating management or the non-disruptive replacement of them on competitive terms; and stable market and general economic conditions. The Company makes no

representation that reasonable business people in possession of the same information would reach the same conclusions. Although we believe that the assumptions underlying forward-looking statements are

reasonable, they may prove to be incorrect and we cannot assure that actual results will be consistent with such statements. Given these risks, uncertainties and assumptions, you should not place undue

reliance on these forward-looking statements or the information contained in such statements.

Whether actual results, performance or achievements will conform to the Company's expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other

factors, including the Company's history of net losses and negative cash flow; the Company's requirement for additional funding to develop its business; and risks relating to the following: securing shelf space

and customers of the Company's Veggemo product; the Company's failure to economically commercialize its product; delays or other problems in the third-party manufacturing process; the Company's inability

to maintain or improve its competitive position; future demand for the Veggemo product and non-dairy beverages in general; the Company's failure to retain key personnel and hire additional personnel needed

to develop its business; the Company's failure to adequately evaluate its current business and future prospects; and the Company's business practice reputation being negatively affected by client or user

complaints or negative publicity.

These risks, uncertainties, assumptions and other factors could cause the Company's actual results, performances, achievements and experience to differ materially from the Company's expectations, future

results, performances or achievements expressed or implied by the forward-looking statements. The forward-looking statements contained herein are presented for the purpose of assisting readers in

understanding the Company’s expected financial and operating performance and the Company’s plans and objectives, and may not be appropriate for other purposes. You should read this information with the

understanding that the Company's actual future results may be materially different from what it expects. These forward-looking statements are expressly qualified in their entirety by this cautionary statement.

The Company disclaims any obligation to update forward-looking statements, except as required by law.

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We exist to better people’s lives and life on our

planet, by enhancing health and personal well-being.

We encourage, challenge and excite people globally to

make healthy choices from the inside-out with delicious

proprietary based non-dairy products.

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Investment Highlights

1 2 3 4

Non-Dairy Milk

alone is projected

to be a $4B Cdn

dollar N.A. and a

$22B global market

in 2020.

GGG is the first to

market an award

winning Vegetable based

global solution with

enhanced nutritionals to

replace dairy.

Substantial growth

opportunities

through geographic,

category and product

expansion.

GGG will execute

through an experienced

management team

with consumer

goods expertise.

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Compelling Valuation Metrics

Industry Leading

Management Team

Robert Harrison

President & CEO

Paul Lott

Chief Financial Officer

Wade Bayne

VP Sales & Marketing

Frank Hood

VP U.S. Business

Development

Bob Somers

VP Distribution &

Logistics

• 35 year Food Executive;

Former President,

Neilson Dairy

• Launched Ben & Jerry’s

& Haagen Dazs in

Canada

• Oversaw 4 Neilson

manufacturing facilities

and $700m in revenue

• 28 year Senior Finance

Executive, MBA

• Former Senior VP

Finance Americas,

Cadbury Schweppes

• Provided financial and

strategic leadership for

a $500m portfolio

• 25 year Sales &

Marketing

Executive, MBA

• Fortune 500 companies:

Proctor & Gamble,

Gillette, Molson Coors

• Managed brand Profit &

Loss statements of

$380m in revenue

• 25+ years with major US

brands and retailers

• Managed wholesale growth

for Sunny Delight, Fruit20

and Veryfine brands

• Holds several patents in

package design

• 35 year Food industry

Executive

• Executed international

consumer goods

importation of $50m

annual revenue

• Co-Founder and current

Chairman of Food Steps

International (FSI)

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Paul Sun

Director

• 20 year capital markets

expertise

• Held numerous senior

roles at investment banks

including Scotia Capital,

Desjardins, and Beacon

Securities

• Provided financial

solutions from small start-

ups to billion dollar

market-cap companies

Nitin Kaushal

Director

• 25 years of healthcare,

financial and investment

experience

• Performed over 40

mergers, acquisitions,

strategic advisory and

licensing assignments

• Board experience

includes audit,

governance and

compensation

committees

Brian Isherwood

Director

• Businessman and

Entrepreneur

• Owner BCI Group

International – Self

Storage Business

• Co-Founder, Co-Owner

and Developer of the

Flying Pig Restaurant

Group

Board of Directors

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Justin Kates

Director

• Partner DuMoulin Black

LLP, Corporate and

Securities Lawyers

• Advises clients on equity

and debt financing, stock

exchange listings, mergers

and acquisitions, and

reorganizations

• Member of the Securities

Law, and Business Law

sections of the Canadian

Bar Association

Robert Harrison

Director

• 35 year Food Executive;

Former President,

Neilson Dairy

• Launched Ben & Jerry’s

& Haagen-Dazs in

Canada

• Oversaw 4 Neilson

manufacturing facilities

and $700m in revenue

• 25 years of

entrepreneurial &

investment experience

in a broad range of

sectors ranging from

resource, real estate

and technology

• Last 10 years primary

focus has been impact

& social investing

• Long-time member of 2

global entrepreneur

organizations, EO & TiE

(Founding Director of

Vancouver chapter)

Sara Harrel

Director, Marketing & Culinary

• Expert Vegetarian /

Vegan chef; spearheaded

the launch of Canada’s

first Certificate in

Vegetarian Cuisine at

George Brown’s School

of Culinary Arts

• Chef spokesperson for

Unilever, Ontario Apple

Growers and the

Food Network’s online

“Ask a Vegetarian Chef

Expert”

Management & Advisors

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Praveen Varshney

Advisor

John Szold

Advisor

• Adjunct Professor of

Marketing, University of

Toronto

• Brand Marketing

Executive,

Ben & Jerry’s

• Retail Executive with

Loblaw’s and the Liquor

Commission

Board of Ontario

Greg Steele

Advisor

• 25 year track record of

business transformation

and operational

effectiveness in the

consumer packaged

goods industry

• Extensive experience with

systems and process

design and

implementation

• Consulting to food and

distribution companies for

the past 5 years.

Management, Board & Advisors Have

Provided Leadership to:

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The Plant Based

Revolution

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Whether for heart health, climate health, ecological efficiency or

animal welfare, plants are fast becoming man’s best friend

The dairy aisleis no longer the“dairy” aisle…

A growing market

has emerged as

consumers move away

from traditional dairy

products and seek

Plant-based alternatives.

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• Launch a proprietary “global” brand as a solution to dairy

• Outstanding 89% concept appeal score from consumers

• North America non-dairy milk is estimated to reach $4.0+ billion in 2022

• The Global Dairy Alternatives market is projected to reach $35 billion by 2024*

• $5.0 million has gone into research, product & market development, testing, packaging

and plant trials

• To-date GGG has completed brokered and non-brokered private raises for $14 million

• GGG is targeted a raise of $12m USD to support its U.S. chilled market roll-out

• GGG plans to launch in a multitude of other non-dairy categories i.e. ice cream, yogurt, etc.

Executive Summary

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Global Gardens Group Inc. (GGG) – Proprietary non-dairy products

The company trades on the Toronto Venture Exchange under the symbol VGM

* Source: Grand View Research, Inc. Aug 2016

The Non-Dairy Milk Category

Soy Milk Continues to Lose Ground

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Second place soy milk continues to decline as consumers question its overall healthfulness and

as other plant-based milks, like almond and cashew, trend. The segment makes up approximately

19.3% market share, Soy milk is forecast to be surpassed by the “other” non-dairy milk segment

by 2017 and coconut milk by 2018

TOTAL US RETAIL SALES AND FORECAST OF NON-DAIRY MILK, BY SEGMENT, AT CURRENT PRICES, 2010-2020

Source: Based on Information Resources Inc., InfoScan Reviews; SPINS; USDA Economic Research Service; US

Census Bureau, Economic Census/Mintel.

Room for More

Frequent Consumption

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An equal number of consumers drink non-dairy milk frequently and moderately, partially influenced by heavier dairy milk consumption. Dairy milk remains a strong challenger to non-dairy milks. Non-dairy milk drinkers’ cross-consumption of dairy milk likely limits non-dairy milk frequency and competes for usage occasions.

NON-DAIRY MILK CONSUMPTION FREQUENCY, JANUARY 2016

Base: 984 internet users aged 18+ who personally consume non-dairy milk

Source: Lightspeed GMI/Mintel

Lactose Intolerance

Around the World

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Lactose Percent of

each Country’s

Population

Principled Decisive

• Vegan / vegetarian

• Plugged-in

• Reads labels

• Heavy volume

Worrier-Survivalist The Butterfly

Extensive quantitative & qualitative research

• Allergy / Intoleranceto dairy / lactose

• Want something safe

• Dr. / Naturopath’s reco.

• Making healthier choices

• Eating better

• Exercising more

• Seek balance

15% of Category Volume 25% of Category Volume 60% of Category Volume

The Non-Dairy

Consumer

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Soy

Strengths

Nutrition

Weaknesses

Taste, Health concerns,

93% Genetically Modified

Almond

Strengths

Taste, Texture, Calories

Weaknesses

Nut allergies, Nutrition,

Protein

Rice

Strengths

Allergen Free

Weaknesses

Texture, Aftertaste,

Taste, Nutrition, Flavour

Competitive analysis

Consumer Feedback

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Introducing…

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Our proprietary vegetable blend: pea protein, tapioca & potato.

The non-diary milk originating from veggies. Product is nutritious and tastes great.

Current non-dairy milk drinkers

GGG product appeal

89%Appealing

Additionally, 78% of dairy drinkers

find the GGG product appealing.

Quantitative testing included both current non-dairy milk drinkers and milk drinkers who

are open to trying non-dairy milk. Sample size of 700 = +/- 3.7% nineteen times out of 20.

52% Appealing

37% Very appealing

9% Not very appealing

2% Not at all

Source: Lux Insights Qualitative Study / Concept Testing

Product Appeal

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Veggemo

• Veggie included in the name

• Light-hearted and approachable

• Nature delivered in a quirky and witty manner

• Highly visual with eye catching imagery

• Sustainable packaging with a cap

• Shelf Stable with 12 month shelf life

• 6 grams of protein

• Nutritious and tastes great

Our products deliver an exceptional taste &

texture along with the

following attributes to

consumers:

Veggemo delivers 6 grams of

protein, is rich in calcium

& vitamin D while being an

excellent source of vitamin

B12 & riboflavin.

• Cholesterol free

• Lactose free

• Gluten free

• Soy & nut free

• Non GMO

• Vegan

• Kosher

Product Attributes

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The Shelf Image

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On shelf, Veggemo

breaks-through with

its cap proudly visible!

How is Veggemo

Disruptive?

• Positioning – The non-dairy milk originating from vegetables!

• Ingredients – Pea protein, tapioca and potato

• Nutrition – Protein, Soy free, nut free, vitamin B12

• Character – Lighthearted, approachable, playful and quirky

• Packaging – Dimensions, cap

• Sustainability – Ingredients and packaging

• Usage – Replacement for milk 1 for 1 in all usage occasions including coffees/smoothies/baking/etc

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Voted Top Ten “Most

Innovative Products” at the

2015 Grocery Innovation

Canada Show.

Veggemo – Awards &

Accolades

One of three finalists for “Best

New Beverage.” Criteria

“Innovation, Integrity,

Inspiration.”

Voted Best New Vegan

Product by VegNews, “Best of

Show Awards 2016”.

In-Store

Distribution

Veggemo is currently in approx. 5000 stores across North America and available on

key on-line platforms. This includes the following popular banners:

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In-Store

Displays

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In-Store

Demos

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1 2 3 4 5

Aggressive

sampling

Our goal is to maximize brand awareness & trial. We will reach consumers by connecting with them where they are. Our marketing budget will support the following five areas:

Robustwebsite &fully integratedsocial mediacampaign /presence

Consumer &Industry trade shows

Targeted print,i.e. vegannews, health& fitnessmagazines

Ad hoc marketing

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Consumer

Marketing Plan

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Consumer Marketing

Plan

Activity 2018

Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec

Sampling

Social - Digital Media

Bloggers & Influencers

Consumer/Trade Shows/Events

Print

Couponing

Facebook followers since December 1, 2017

5.7xIncrease

Dec 1 Jan 22 Mar 1

5.3K

21.4K

30.3K

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Excellent Industry

Acquisition Multiples

Acquirer Target Business Description Size Revenue Multiple

General Mills Annie’s Natural & Organic Foods $820m $204m 4.0x

WhiteWave Foods So Delicious Non-Dairy Beverages $195m $115m 1.7x

WhiteWave Foods Earthbound Farm Organic Produce $600m $500m 1.2x

Campbell Soup Bolthouse Farms Natural Food & Beverages $1.55b $689m 2.2x

PepsiCo Naked Juice Natural Beverages $450m $150m 3.0x

Kellogg Kashi Natural & Organic Cereal $33m $25m 1.3x

WhiteWave Foods Vega Plant-Based Powdered Shakes & Snack Bars $550m $100m 5.5x

Danone WhiteWave Foods Non-Dairy and Plant Based Products $12.5B $4.0B 3.1X

Average Multiple 2.8x

150 similar deals over 10 years produced an average EBIT multiple of 13.5X

- Bloomberg, July 2012

Company acquisition sources: Forbes, Market Watch, Wall Street Journal, Bloomberg, LA Times

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