ACKRELL CAPITAL Cannabis Investment Report | December 2017 y’ be Mike Ackrell founded Ackrell Capital in 2003. Previously, Mr. Ackrell was the Head of f ‘] ABN AMRO’s U.S. Technology Investment Banking Group and the Head of Invest- } . ment Banking at WR Hambrecht+Co. He also was a Senior Vice President in the ‘ = ' Technology Investment Banking Group of Donaldson, Lufkin & Jenrette, where he W | began his investment banking career in 1988. Mr. Ackrell has completed more than 150 financing transactions, including more than 50 initial public offerings, and more . ; than 100 M&A transactions, totaling more than $15 billion in value. He serves on the Mike Ackrel Board of Directors of a number of companies, including American Giant, Scrubbed and Vator.tv. Mr. Ackrell holds a B.S. in Economics, summa cum laude, with majors in [email protected] : : . ; . Finance and Accounting, from the Wharton School of the University of Pennsylvania. Tim Coxon joined Ackrell Capital in 2017 after serving as the firm’s legal counsel for more than five years. Previously, Mr. Coxon was a corporate finance attorney in Silicon = a Valley focused on venture capital fund formation, early stage company financings, 96 mergers and acquisitions and related areas of tax and securities law. He has advised dozens of VC firms on fund and management-level structuring and portfolio company j ro investment transactions, and has advised private companies in M&A transactions val- : : ued at more than $1.5 billion. Mr. Coxon also has worked as a consultant performing TimCoxen financial and economic analysis for use in corporate litigation and regulatory mat- General Counsel ters, and taught college level mathematics for more than 13 years, including 7 years [email protected] ; i . . as an adjunct statistics professor for the M.B.A. program at Santa Clara University. Mr. Coxon holds a J.D. from the Santa Clara University School of Law, an M.A. in Mathematics from San Francisco State University, and a B.A