56575 Co Rd AA, Moffat, CO 81143

Dune Valley Farms distributed to a variety of marijuana dispensaries throughout Colorado. The subject operated under a Tier-2 cultivation license allowing 3,600 plants. The property consists of five buildings including two light industrial office warehouses and three FarmTek greenhouses, all utilized for cultivating indoor recreational marijuana. The newly built warehouse is for post-production, which involves a harvest room, three drying rooms, trim room, offices, storage and restroom. This building is of similar size and construction as the first warehouse, each containing 4,800 square feet for a total of 9,600 sq. ft. The first wood pole and metal wall warehouse building was constructed in 2016 at 4,800 sq. ft. and is now primarily used for vegetation, flower and curing. This building was expanded in 2020 with a 585 sq. ft.water tank enclosure. The original greenhouse was built in 2018 with 2,880 sq. ft. In 2019, construction of 2 additional FarmTek greenhouses were completed, which are identical in materials, design and functionality, but larger w/ 5,040 sq. ft. each. The subject now totals 23,145 sq. ft. among five buildings. Improvements to the warehouses and greenhouses has been extensive through the years including in 2021, creating a quality and highly functional marijuana cultivation facility located on 75.31 acres of land, which allows for future expansion. A 4,800 square-foot post-production building was added in mid-2020 with drying, trimming, storing. Also a 585 square-foot water tank storage building (attached to existing warehouse) in late 2020 with two 6,000-gallon installed light deprivation systems in one greenhouse; new LED lighting systems in flower rooms; new dehumidifiers; air purifiers; nutrient distribution lines; propane-powered heating

and air conditioning systems; propane tanks and lines; grow racks; storage containers; air compressor; pre-roll machine; leach field for new building; and more. See attachment for pending new water rights.