TapRoot

Question 1

Executive Chairman - Oliver Zugel

Answer

Prior to co-founding Taproot, Mr. Zugel was CEO and COO of leading international gaming companies like Casino Barcelona and Codere (www.codere.com), a publicly listed company with 14,000 employees and 2 bn USD of revenues. At Codere, Mr. Zugel more than doubled the company´s EBITDA and prepared its highly successful IPO. Having left Codere in 2006 to pursue his own entrepreneurial gaming venture (www.springcapital.eu), he was asked back by Codere in 2012 and led a turnaround program reducing headcount by 40% and doubling the company´s profits over the following three years. Mr. Zugel, who worked for the first 15 years of his career as a strategy consultant and private equity professional at HBS professor Michael Porter´s Monitor Group, brings to Taproot his experience as a public company top executive in another highly-regulated industry. At Taproot, he takes on direct responsibility for strategy, international business development and capital raising.

Question 2

CEO - Shane Terry

Answer

Mr. Terry transitioned into the cannabis industry after a distinguished 17 year career as an Air Force officer and fighter pilot seeing combat action over Iraq and Afghanistan. Mr. Terry served his last five years at Nellis Air Force Base, NV where he was handpicked as a Flight Commander to instruct at the elite US Air Force Weapons School (Top Gun). Recognized for his executive level leadership, he was nominated as the #1 Flight Commander in the nation’s largest command of over 137,000 personnel. Mr. Terry’s cannabis experience involves founding and operating over 12 licenses including cultivation, production, dispensaries and distribution, and leading Nevada’s growth as the previous President of the Nevada Dispensary Association, the largest organization of dispensary owners shaping Nevada’s regulatory development . In addition to TapRoot, Mr. Terry currently sits on the board of directors of GB Sciences, a publicly traded cannabis life-sciences company focused on the pharmaceutical drug development process with operations in Nevada, Puerto Rico and recently selected as the sole research partner with Louisiana State University.

Question 3

CFO - Oliver Markl

Answer

Prior to joining Taproot, Mr. Markl was a private equity professional with Monitor Group, where he was responsible for originating, executing and supervising the transactions related to the European investment program of a 1 bn USD fund. Mr. Markl also was CFO of a German software company and sits on the Board of several technology companies. He started his career as an investment banker at JP Morgan, and has extensive M&A, transaction structuring and tax optimization expertise. At Taproot, he directs the activities of our accounting and finance team, and supports our business development and capital raising processes.

Question 4

Operations Director - Tim Kelley

Tim’s educational and career path includes being handpicked for a key senior leadership role with the Air Force culminating 23 years of service, a graduate of Stephen Covey and Dale Carnegie, a Bachelors degree in Workforce Education and Development as Summa Cum Laude, and a Masters Degree in Human Resources Development 4.0gpa.

Tim is recognized as a dynamic professional with extensive experience as a goal oriented, highly organized, and self-motivated leader who focuses on creating positive employee and customer experiences. With a reputation for well thought-out and organized processes, Tim has an exceptional ability to inspire managers, supervisors, and front-line employees. He has mentored and trained thousands of supervisors on the qualities needed to be a successful leader, team builder, and communicator. Tim possesses unique talents as a leader who has a passion for people, emphasis on environmental cultures and a strong work ethic.

With a focus on efficiencies, Tim has experience in directing complex projects from concept to operational status, implementing strategic leadership procedures and interpreting public law-supporting policies and procedures ensuring regulatory compliance. Tim was entrusted with a $2.2 million annual operating budget maintaining 100% accountability of 9 cost centers. His attention to detail and ability to plan was essential to maintaining budget limits.

Overwhelmingly, Tim’s greatest strength is as an advisor in organizing project aspects. As an advisor he is focused on developing strategic vision, goals, and objectives, all the while looking for continuous process improvement ensuring standardized processes through SWOT analysis.

Answer

Joe is a fifth generation, Scratch Artisan Master Baker who has spent over 30 years in the retail baking space. From his family’s bakery in Cleveland, Ohio (1968-2003) to various retail shops and industrial scale baking facilities around the United States, Joe has perfected and honed his craft and extended his knowledge of Baking Chemistry throughout his career. In 2009 Joe turned his focus, training, and knowledge to the cannabis space, opening an edibles and concentrate production facility in Missoula, Montana, Santa Cruz and Ukiah California. Today, after a decade of Cannabis experience, Joe has taken concentrate and edible production to new and exciting levels focusing on both medical and recreational products. Beyond that, Joe has made it his mission to provide the cleanest, safest and highest quality products, while also educating the market on the ever-expanding potential and proper use of cannabis.