ATB Capital Markets

Ascend Wellness Holdings is a U.S.-based multi-state operator in the cannabis industry, active in five states: Illinois, Michigan, Massachusetts, New Jersey, and Ohio. Founded in 2018 by Abner Kurtin, the company specializes in limited license markets east of the Rockies, with flagship retail locations positioned in prime areas to serve both medical and adult-use consumers. Ascend operates state-of-the-art cultivation facilities, where it grows award-winning cannabis strains and produces a premium selection of consumer packaged goods. Its business model is vertically integrated, encompassing the cultivation, manufacturing, and distribution of cannabis products, which are sold through its own retail stores as well as third-party licensed retailers. The company aims to redefine the cannabis marketplace by breaking down traditional barriers and is focused on maximizing revenue through its retail segment.

Tamarack Valley Energy Ltd. is an oil and gas company focused on the acquisition, exploration, development, and production of crude oil and natural gas in the Western Canadian sedimentary basin. The company has significant interests in various oil plays, particularly in the Cardium light oil regions of Wilson Creek, Alder Flats, and Pembina, as well as Viking light oil plays in Redwater and southeast Alberta. Additionally, Tamarack holds assets in the Barons and Banff light oil plays in Southern Alberta and has heavy oil properties in Saskatchewan. The company's strategy emphasizes the identification and operation of resource plays that offer predictable, long-life production, enabling them to manage risk while pursuing growth opportunities in the energy sector. Tamarack Valley Energy is headquartered in Calgary, Canada.

Yangarra Resources is a junior oil and gas company focused on the exploration, development, and production of natural gas and oil. Its operations are primarily located in Western Canada, specifically in Central Alberta, where the company has significant infrastructure and extensive landholdings. Yangarra's activities are concentrated in the Western Canadian Sedimentary Basin, encompassing areas such as O'Chiese, Willesden Green, Ferrier, Cow Lake, Chambers, and Chedderville.

Yangarra Resources is a junior oil and gas company focused on the exploration, development, and production of natural gas and oil. Its operations are primarily located in Western Canada, specifically in Central Alberta, where the company has significant infrastructure and extensive landholdings. Yangarra's activities are concentrated in the Western Canadian Sedimentary Basin, encompassing areas such as O'Chiese, Willesden Green, Ferrier, Cow Lake, Chambers, and Chedderville.

Rock Energy Inc. is engaged in the exploration, development, and production of crude oil and natural gas primarily in Western Canada, with significant operations in the southwest Saskatchewan region. The company’s key producing properties include Mantario/Laporte and Onward. As of the end of 2015, Rock Energy reported 17.1 million barrels of oil equivalent in proved plus probable reserves and 11.4 million barrels in total proved reserves. Founded in 1988 and headquartered in Calgary, Canada, the company emphasizes a low cost of production strategy and aims for growth through drilling, enhanced recovery technologies, and strategic acquisitions. In July 2016, Rock Energy became a subsidiary of Raging River Exploration Inc.

Pine Cliff Energy is a Canadian exploration and production company that specializes in natural gas. The company focuses on acquiring interests in petroleum and natural gas rights, as well as the exploration, development, and production of these resources. Its operations are primarily centered in the Western Canadian Sedimentary Basin, where Pine Cliff Energy often collaborates with other entities to enhance its activities. Through these efforts, the company aims to effectively manage and develop its energy resources.

Tamarack Valley Energy Ltd. is an oil and gas company focused on the acquisition, exploration, development, and production of crude oil and natural gas in the Western Canadian sedimentary basin. The company has significant interests in various oil plays, particularly in the Cardium light oil regions of Wilson Creek, Alder Flats, and Pembina, as well as Viking light oil plays in Redwater and southeast Alberta. Additionally, Tamarack holds assets in the Barons and Banff light oil plays in Southern Alberta and has heavy oil properties in Saskatchewan. The company's strategy emphasizes the identification and operation of resource plays that offer predictable, long-life production, enabling them to manage risk while pursuing growth opportunities in the energy sector. Tamarack Valley Energy is headquartered in Calgary, Canada.

Yangarra Resources is a junior oil and gas company focused on the exploration, development, and production of natural gas and oil. Its operations are primarily located in Western Canada, specifically in Central Alberta, where the company has significant infrastructure and extensive landholdings. Yangarra's activities are concentrated in the Western Canadian Sedimentary Basin, encompassing areas such as O'Chiese, Willesden Green, Ferrier, Cow Lake, Chambers, and Chedderville.