Canopy

Data Based On: Data is based on one affiliate-owned CANOPY outlet in Raleigh, NC (the 'Reporting Unit') that operated for the full reporting period of January 1, 2024, to December 31, 2024. Franchisees (37 territories as of September 30, 2024) are explicitly excluded from this Item 19.

* All financial performance data is presented for a single affiliate-owned outlet ('Reporting Unit') for the period January 1, 2024, through December 31, 2024. Franchisee data is explicitly excluded from this Item 19. Gross Profit ($535,076) is calculated as Revenue ($963,529) minus Cost of Materials ($245,493) and Cost of Labor ($182,960). The document also provides 'Revenue less Disclosed Expenses' as $222,375, but explicitly states that certain expenses like facility rent, utilities, cost of a full-time manager, and employee benefits are excluded. Therefore, this value is not categorized as Net Income, Net Profit, or EBITDA, and profit range estimations (best_guess_profit_low/high) cannot be reliably made without further information on the magnitude of these excluded expenses.