The Fresh Factory B.C Ltd. - Subordinate Voting Shares

The Fresh Factory is a vertically integrated company focused on accelerating the growth of the plant-based, clean-label food and beverage brands of tomorrow. The Fresh Factory owns or partners with emerging brands in the plant-based space to develop, manufacture, and sell products made from fresh produce and recognizable ingredients. It operates from its centrally located manufacturing facility near Chicago, serving customers across the US. As a B Corporation, The Fresh Factory is ESG-focused, driven to make a lighter, greener impact on the environment and a stronger, positive impact on local communities and the food supply system as a whole.

In addition to the 10,803,377 Subordinate Voting Shares of the issuer (“Subordinate Voting Shares”) that are listed and trading, there are 41,377,800 Subordinate Voting Shares reserved specifically for issuance pursuant to the conversion rights attached to the Proportionate Voting Shares of the issuer that are issued and outstanding but not listed.  Additionally, there are 3,992,572 options outstanding and 2,000,000 warrants outstanding. The total number of equity shares assuming all are converted into the listed class would be 58,158,749.