Investor deck for parent company of Island City Remedies

1. FEBRUARY 2019
PORTMAN VENTURES I

3. FINANCE, TECH, WELLNESS
MARK HERSMAN
Chief Executive Officer
ISLAND CITY REMEDIES
MEET THE TEAM
Mark brings 30 years of Wall St. experience
culminating in his work to build the operational
due diligence and fraud prevention process for
Alternative Investments at Charles Schwab and
Co. He has deep experience in finance, product
management, process design, and people
management. Currently working with Mazakali,
business consulting, capital advisory and
investment banking in the cannabis industry.
NICK PORTOLESE
Chief Operation Officer
Nick is a 20 year veteran of the technology
and data management industry. Presently
Nick is Technical Architect at Nielsen. Nick
has state of the art knowledge in data
analytics, process design, and data
security and storage. Nick will head up our
technology roll out and inventory
management.
CARRIE TILLMAN
Chief Health Officer
Carrie successfully treated a chronic ailment
of her own with cannabis, and through that
life experience has dedicated herself to
learning all she can about the therapeutic
benefits of cannabis. For the last six years,
she’s been working as a cannabis health
advocate. Carrie will head up our Patient
Advocacy, Education, and Community
Outreach efforts.

4. LEARNING FROM
THE FINANCIAL
CRISIS
My last assignment at Charles Schwab was re-build our
alternative investment custody business in the wake of the
Bernie Madoff scandal and the financial collapse of 2008.
That financial crisis uncovered serious flaws in our
operational due diligence processes and our risk and fraud
prevention operations. I was tasked with leading our cross
enterprise team to fix these systemic deficiencies. This was
the firm's number one internal project priority during a
dangerous and chaotic period in our industry. As such, I had
the support of the best internal resources Schwab had to
offer. I worked with the best project managers, the best
technical design people, the best attorneys and the best
fraud investigators. What I learned from this experience is
the value of top notch business partners. We've carried this
philosophy into our planning for Island City Remedies.

5. LEFT BRAIN
BRENT JOHNSON
Managing Attorney,
HOBAN LAW GROUP
ISLAND CITY REMEDIES
MEET THE TEAM
Hoban Law Group is the nation's premier
cannabis business law firm, serving clients
across the country with medical and adult use
marijuana businesses as well as those
operating in the industrial hemp sector. With
attorneys licensed in nearly every state that
has embraced legalized cannabis, our team is
prepared to work with investors and owners
considering entry into the marketplace or
looking to expand into new markets.
JUSTIN ESTRERA
Senior Manager,
COHN-REZNICK CPA
One of the nation’s largest accounting, tax,
and business advisory firms, and the first
large, established, and well recognized
accounting firms to accept cannabis clients.
Cohn-Reznick has reviewed the Portman
Ventures I pro-forma financials and has
contracted with Portman Enterprises to
provide tax advisory, tax preparation, and
financial statement preparation for Portman
Ventures I.
SUMIT MEHTA
CEO, MAZAKALI
Sumit Mehta has 20 years of investment
banking experience culminating with his
work for JP Morgan Chase. Sumit launched
Mazakali in 2016, and has rapidly established
Mazakali as one of the premier investment
bankers and investment voices in the
cannabis industry. Portman contracted with
Mazakali for capital advisory consulting in
2017, recently Mazakali hired Mark Hersman
where Mark provides operational and sales
management and consulting.

6. RIGHT BRAIN
LILLI KEINAENEN
CHANGEMAKER CREATIVE
ISLAND CITY REMEDIES
MEET THE TEAM
Alameda resident, leader of Alameda
Island Cannabis Community, Lilli runs
the design agency Changemaker
Creative. for the cannabis industry.
Services ranging from branding and
packaging to websites, marketing
campaigns and beyond. Classically
trained designer, bachelor of arts,
activist, font nerd.
CAROLINE FRANCHESE
OPERATIONS & COMPLIANCE CONSULTANT
Alameda resident Caroline Franchese spent
almost a decade as the inventory manager
for Harborside Medical Center in Oakland
CA. Harborside was an early pioneer in
medical cannabis retail and is considered to
be the gold standard for a well managed
and compliant business. Caroline is
developing our operational procedures for
Island City Remedies.
REBECCA FRIEDBERG
SYNAPSE DESIGN STUDIO
Master of Architecture from UCLA and BA
in Psychology from Rice University.
Architecture experience combined with
psychology, public health and education –
good design is critical to our well-being as
individuals, communities and as a planet.
Rebecca guides retail, food and beverage,
and cannabis businesses through the design
and permitting process, from feasibility
studies and schematic design to permitting,
construction and final occupancy.

7. DISPENSARY
Island City Remedies is a Medicinal
and Adult Use cannabis dispensary
located in Alameda California.
Small footprint, discrete, upscale.
COMMUNITY
Management team all long term
Alameda residents who are involved in
the community. Our goal is to design
and operate a business that fits with
the social fabric of the community.
WELLNESS
Committed to wellness and
education about cannabis. Selection
of consistent, high quality products,
with onsite expert consultation.
FOR ALAMEDANS BY ALAMEDANS
KEY DIFFERENTIATORS
ISLAND CITY REMEDIES

8. • Founder and CEO of CHA LLC, Cannabis Health Advocates
• Experienced cannabis patient advocate
• Alameda's most-trusted resource for scientific and fact
based information about cannabis
• Complimentary onsite consultations for consumers
• Referral relationships with local licensed medical
professionals for patients looking for a medical
consultation
• Conducts community education seminars
• Island City Remedies is poised to be the East Bay’s
pre-eminent dispensary for consumers looking for help
navigating cannabis treatment options
ISLAND CITY REMEDIES
PATIENT ADVOCACY

9. EMPLOYEES
Pledged to pay minimum $17 per hour
Health benefits for full time employees
10% of after tax profits will be reserved for
non-executive employee profit sharing
Signed a labor peace agreement with ILWU
Ongoing outreach sharing cannabis
education with local groups
5% of profits donated to local charities
Co-operative relationship with City of
Alameda elected officials and staff
ISLAND CITY REMEDIES
PRIMARY BENEFIT OF CANNABIS FOR WELLNESS IS HOMEOSTASIS
COMMUNITY INVESTORS
Will have a seat on the board of
directors
Investor protection via independent
administrator and gold standard legal
and accounting support
Targeting 65% to 75% payout ratio of
after tax profits annually

10. ISLAND CITY REMEDIES
• Located on Lincoln Avenue near Grand Avenue in
Alameda, California
• 1,000 square foot converted bungalow
• Purchased for cash, no mortgage or landlord issues
• Renovating the space into an inviting environment
for a wide array of patients and customers
• Near Alameda’s most affluent Gold Coast
neighborhood
• Environment will be discreet, upscale, convenient
• Online ordering system for pick-up or delivery
ISLAND COMMUNITY BY THE BAY

11. ISLAND CITY REMEDIES
GROWTH
Legal cannabis industry is in its
infancy Growing more rapidly
than any industry since the
internet of the 1990’s.
CONSOLIDATION
There will be consolidation.
Many early entrants will fail
or be acquired. The industry is
high risk.
ACCEPTANCE
Financial and regulatory burdens
decrease, institutional investment
dollars will flow into the space. Adult
use will continue to gain social and
mainstream acceptance.
FUTURE
We firmly believe cannabis is
the future of customized
medicine. Scientific discovery
on new product innovation has
a bright future.

12. THEIR PROMISES
Most cannabis investments are
promising huge growth metrics.
THEIR RISK
High growth strategies
increase risk metrics.
OUR PLAN
We will pursue a cash flow
strategy, returning dividends to
investors annually.
OUR GOAL
Our goal is to run a highly
profitable, long-term, local
business. Community owned and
community operated.
MINIMIZE OPERATIONAL RISK,
MAXIMIZE INVESTOR RETURN

13. MINIMIZED RISKS
We have made every effort to
minimize traditional business risks
in order to provide consistent
positive returns for investors.
INCOME STRATEGY
Pursuing a cash flow strategy
rather than a growth strategy.
Regulatory structure will keep
competition at bay.
LOW OVERHEAD
Own our own building, bought for cash
Will continue to be debt free after offering
Small employee headcount.
INVESTOR PROTECTION
Top legal and accounting partners,
independent administrator handling
investor money & shareholder records.
Shareholder representative on board.
CONSIDERATIONS

14. 14
• Raising $1.25 Million in Class B equity shares representing 25% of the equity of the company
• Class B holders will receive a 5% preference payment for the first five years in addition to their pro-rata share
of net distributable profits
• Values business at $5 Million
• Minimum Investment: $25,000
• All investors must be accredited
• No debt to outside interests
• No preferred shares, convertible notes, or other financing that would dilute investor interests
• Class A and Class B shares will receive annual dividend payments representing 65%-75% of net profits
• Initial investments will be held in an escrow account until we win an award letter after the RFP
• If we do not win the license award letter, investor money will be returned
• Proceeds will be used for building renovation, initial inventory, and working capital
OFFERING TERMS

15. CONTACT@PORTMANENT.COM

16. BUILDING RENDERINGS