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Compass Lifestyle Cannabis

Investment Offer

Minimum Target Reached
Total Invested
$1,247,815.20
Investors
949
Closed
on Jul 23, 2020 at 12:00PM
Nov 2020

Dave Martyn

Sydney

28 November 2020
Hello everyone, I hope this finds you well as we prepare to enter the last month of what has been an unprecedented year. We wanted to provide you with an update on our recent business activities and our next steps as we close out 2020. Firstly, and after several months of delay, our investor gift bags finally cleared customs and were delivered to us on Friday November 27. The combination of Covid related shipping delays, along with extra scrutiny due to the nature of our business had caused significant headaches, however that is now resolved. We expect the bags to be shipped out in the coming week. If you have changed your address or you want to pick up your bag in person, please advise us no later than the morning of Friday December 4 2020. Please use investor@compassclinics.com.au to update your information, along with making the corresponding change on your registry direct account. As a “thank you” for your patience, we have added an additional bonus certificate for clinic appointments for each investor. These are transferable so you can pass them along to friends or family if you would like. Secondarily, we continue to make good progress with the ASX on our listing requirements. The company has presented its initial information package to the exchange and we have a follow up meeting at the end of the coming week to discuss timelines and our next steps. We are also into our financial audit requirements while maintaining our eye on a listing in the first half of 2021. From the business perspective, we continue to see strong demand for cannabis related services. Our physician team is fully booked through mid January. We anticipate adding to our medical staff to increase our availability in the coming weeks. We also anticipate four products in the market in December. Two of these will be under our white label brands. We will be releasing a further press release around the business in the coming week that we will supply to you when it hits the media. Lastly, I have spent the last month in Australia. Despite the challenges of quarantine, it has been an amazing time thus far. The economy and recovery from Covid seems to be significantly ahead of North America. I feel that Australia is poised for a strong 2021 compared to most of the globe. I am equally bullish on the future of medicinal cannabis. Patient growth continues to be very strong despite a low level of public knowledge around the medical opportunities. On the business side, cannabis company valuations continue to grow and I would expect to see significant growth in the business fundamentals for the next 2-3 years. Medical cannabis remains in the early stages of use from the public but it is already among the fastest growing industries in the country. 2021 is poised to be a banner year for everyone involved! Thanks Dave Martyn President Compass Clinics Australia
Sep 2020

Dave Martyn

Sydney

21 September 2020
Hello everyone, I hope all is well. After a lengthy process, the final investments have now cleared and our crowdfunding campaign with Birchal is completed. We are very excited to be moving the company into our next phase of growth and we appreciated the faith of all of our investors who are along for the ride! We have appreciated all of the support thus far and we are looking forward to some big steps forward in the coming weeks and months. A few key updates to keep an eye out for in the near future -The company has won the vote for "Dispensary of the Year" for the Australian Cannabis Awards! This is quite an honor that we are extremely excited about. There will be further details provided around the awards on October 1. A link to the vote is below https://cannabisawards.com.au/nominations/nominees-2020/category/view/49-dispensary-of-the-year.html -The company is in production on it's product lines and we expect to have them into the market in coming weeks. We feel that these should provide a strong increase in revenue and profitability for 2021. The company is also moving towards new partnerships with local suppliers that we are aiming to finalize in the coming weeks. Lastly, the company is also expecting to announce additions to our executive team in October. What can you expect as our next steps? This will be the final update the company posts through Birchal. Going forward, the company will be providing it's updates through Registry Direct. If you are a shareholder and you do not have an account with Registry Direct or if you are having issues with accessing it, please contact us a investor@compassclinics.com.au with the title "Registry Direct". We will provide assistance through that email account. With the closing of our raise, the company is also now able to issue our rewards. Those are currently being assembled for distribution. If you are not using your address on file with Registry Direct as your mailing address, please contact the company at investor@compassclinics.com.au with the title "Investor Rewards" We intend to provide you with regular updates on the company, our steps towards a public listing and any company news through the Registry Direct communication portal. If you have any further questions, please reply back to us using the investor@compassclinics.com.au email. We ask that you do not use the social media platforms as they are patient focused. The company is looking forward to a productive remainder of 2020 and successful growth into 2021. We thank you for joining us on this journey and look forward to mutual success! thanks Dave Martyn
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2020 Nominees
Celebrating Australian cannabis and hemp pioneers and professionals deserving recognition for industry innovation and social progression.
cannabisawards.com.au