S2G Ventures Company Overview

S2G Ventures Healing America – A Future Food System for our Farmers, Consumers and Planet

© 2021 Seed 2 Growth S2G Ventures Healing America - A Future Food System for our Farmers, Consumers and Planet A Food System that Heals – Our Country, People, and Planet Everybody eats. This simple truth positions the food system to solve complicated problems – from bridging the urban and rural divide in the United States to providing profitable solutions to addressing climate change. It can also help to build a more resilient, hea lthy population, which is paramount in the times of a public health crisis.

COUNTRY PEOPLE PLANET

Everyone Eats Eating Climate Change Soil Health… and Wealth 800k+ 4x 100mm Jobs added during COVID from grocery retail and Rate that sustainability-linked brands are growing Metric tons of CO2 that U.S. cropland could delivery platforms (from March through July) comparatively to others potentially sequester, compared to 8.4mm MT now

Farmers are the Frontline Cheaper Healthcare Water 155 80% ~70% The amount of people the average farmer feeds Of consumers believe functional foods help Of global freshwater withdrawals that agriculture today compared to 26 in 1960 prevent or delay the onset of some diseases is re sp o n sib le fo r u tilizin g

Source(s): S2G Research, Fa rm Fla vor, Soil Health and Carbon Sequestration in US Croplands: A Policy Analysis by Léopold Biardeau, Rebecca Crebbin-Coates, Ritt Keerati,Sara Lit ke , and Hortencia Rodríguez, Institute of Food Technologist © 2021 Seed 2 Growth 2 S2G Ventures Healing America - A Future Food System for our Farmers, Consumers and Planet S2G Ventures Founded in 2014. Located in Chicago and San Francisco.

We invest holistically We back and support We act as a hub – convening from soil to shelf. trailblazing entrepreneurs. diverse partners and perspectives. $700M 50+ 5 250+ 250+ Of managed capital across seed, venture, and Portfolio Companies Countries Co-investors including Strategic relationships growth stage companies across the food chain 40 corporates with key players in food production, processing, and $3.0B retailing Of capital catalyzed and added to the system overall outside of direct S2G investments Select Portfolio Companies Select Partnerships

$125mm partnership between S2G and CDPQ to 100% invest in climate friendly food and ag Focused on sustainable food and ag investing as entrepreneurs one of the largest and most active venture and growth funds in the industry

A movement already underway… that can be accelerated with policy Consumers, entrepreneurs, scientists and farmers are creating the biggest transformation in the Food System since World War II. Science is transforming the computation, biology, physics, and chemistry of food production – h e lp in g design a system that is healthier and more sustainable for consumer and more profitable for farmers. Across the S2G portfolio, companies are hard at work to Our build the future of food and agriculture: Portfolio • $9 billion in food and ag tech start-up funding in 2019. a t Wo rk Th is re p re se n ts 0.5% o f risk ca p ita l in ve ste d a s a percentage of Gross Output GDP, compared to 3.1% in fin a n cia l se rvice s, 3.6% in h e a lth ca re , a n d 12.8% in information technology • S2G ch a lle n ge s p riva te m a rke ts to jo in u s in ca ta lyzin g $10 billion of additional investment in Food and Ag Te c h innovation over the next 3 years to close the current funding gap and build a 21st-century global food system that is more resilient, healthier, and more sustainable

The Farmer The Consumer Urgent Need to Increase Profitability with Sustainability Younger, Healthier and more Digital

Farm Bankruptcies Data Younger Access

Over the last decade, consumer’s purchasing behavior with food has 20% 8x skewed towards a more complex set 72 59% of questions, beyond price and taste, Increase during 2019, this Increase in farm-le ve l d a ta to include concepts such as ethics, Millio n m ille n n ia ls in th e U.S., Ye a r -ove r-year growth in food number has been mitigated by generation on average in the source, environmental considerations, the largest consumer class in and beverage sales through $37.2bn in Federal direct farm next 10 years and the farmer. U.S. history U.S. retail ecommerce payments (2x> Auto bailout) Over a similar timeframe, farmers have continued to face a tight agricultural Indoor Ag Soil Health economy. Farmers are searching for Clean Label Assurance stronger profitability, and while there has been an unprecedented growth in n e w a gricu ltu ra l te ch n o lo gie s, adoption of promising new 3.5x 75% te ch n o lo gie s re m a in s lo w. 6x 90% Growth in U.S. annual lettuce Of la n d is su b sta n tia lly Growth of clean label products Of Top 100 CPG Brands losing greenhouse production in the degraded with significant compared to conventional market share past 5 years contribution from agriculture

Source(s): S2G Research & Analysis, Pitchbook, USDA ERS, USDA Ag Census 2017, “US Farm Bankruptcies Reach Eight Year High” Forbes, IPBES Glob al Asse ssm en t Re p ort on Biod ive rsity, United Nations, Goldman Sachs, eMarketer © 2021 Seed 2 Growth 5 S2G Ventures Healing America - A Future Food System for our Farmers, Consumers and Planet Post COVID, the Food System is Accelerating this Transformation

Channel Digitization . ~8% online grocery penetration (as a % of total groce ry) from COVID-19, up from ~4% from last year . 225 million farm IOT installments by 2024, up from ~1 5 m illio n in 2 0 1 7 45% of the global population is comprised of Millennials and Convergence of Food and Health Ge n Z . 90% of COVID-19 admissions involved at least one comorbidity – obesity, type 2 diabetes, et al. More than 50% of Americans . Computation is a secular tailwind with a 300,000x are Millennial, Gen Z or post- increase in big data processing speed since 2012 Consumers are Th e Th e food system Gen Z (166 million people Feedback are 39 or younger) driving the change adapts to meet in the food system Loop the consumer Global Decommodification . Potential leveling off in the corn and soybean super cycle growth that has occurred over the last 20 years 67% of Millennials and Gen Z . During COVID, plant-based meats grew significantly have already changed behavior and sales as of July were 90% higher year-ove r-ye a r to decelerate climate change

Commingling Climate and Profit . $1 trillion in ESG investor assets (Q2 2020 flows up 72% year-ove r-ye a r) . 6.8x EV / revenue multiple for ESG energy companies compared to 1.7x for broader energy market

Source(s): S2G Research, Brookings, Food Dive, Mc Kin s e y, Gartner, Centers for Disease Control and Prevention, “Morbidity and Mortality Weekly Report”, April 8, 2020, OpenAI, Morningstar Research, YP u l s e © 2021 Seed 2 Growth 6 S2G Ventures Healing America - A Future Food System for our Farmers, Consumers and Planet Pillars of a Future Food System

Resilient Rural 1 Rural Broadband Dark Real Estate 9 Supply Renaissance Chains

2 He a lth y So il is Controlled Environment Ag for 8 Ma d e in Am e rica Consumers and Supply Chains

3 Profit Per Acre Moving Production Closer to 7 Consumption

A Food System that can serve as a Food as an Extension of the 4 Hip p o cra tic Oa th bridge by supporting healthy people and communities, fostering Nutrition Food as Preventative Medicine as National 6 strong, sustainable farm Security operations, and promoting climate 5 Breeding for Health health by helping farmers profit by moving to the front line of climate change. © 2021 Seed 2 Growth 7 S2G Ventures Healing America - A Future Food System for our Farmers, Consumers and Planet

Rural Renaissance

1 Rural Broadband

… impact rural communities’ … and expose fragility in many Gaps in broadband… economic potential… parts of America Policy Considerations

1 in 4 2x and 3x 2,300+ By strengthening rural broadband infrastructure to ensure internet connection Rural Americans do not have Digita lly-connected business During COVID-19, free Wi-Fi for all Americans, the country will be better rural broadband coverage, earn 2x revenue per employee locations offered by the prepared to deal with future crises. according to the FCC and are 3x more likely to American Connection Project Increased funding to bring broadband create jobs Broadband Coalition connectivity to all communities and improve mapping of broadband coverage, including improvements that are geared to meet community-level needs and demand, is a Top 10? 1 in 5 3x sound investment that will help connect By some analyses, the U.S. Rural businesses only use The digital economy is growing communities across the country and solidify does not even rank among the b a sic d igita l to o ls, like ly d u e to roughly 10% per year, nearly their economic opportunities. top ten countries with the ch a lle n ge s o f lim ite d 3x as fast as the overall The White House should lead and improve fastest broadband speeds broadband coverage economy federal agency coordination efforts to ensure robust investments in broadband projects and mapping are effective for communities. Access solves for … Resilience Dependability

Source(s): S2G Research, FCC, Speed Test, De loitte, “Un lockin g th e Digital Pote n tial of Ru ral Am e rica” by American Innovators, Farm Bureau, “Measuring the Digital Economy” by Bureau of Economic Analysis © 2021 Seed 2 Growth 9 S2G Ventures Healing America - A Future Food System for our Farmers, Consumers and Planet

1 Rural Broadband – What It Means For Farmers

Data Access to Capital Risk Management

As agriculture goes from data poor to Re a l-time decision making has been Fa rm in g is m a n a gin g risk – data rich, it enables precision and limited when it comes to addressing production, market, financial, d igita l a gricu ltu re te ch n o lo gie s. financial resources and tools. institutional, and operations.

While internet access and connectivity issues Connectivity and data would provide the Wh ile n o t a ll risks ca n b e so lve d , co n n e ctivity extend far beyond agriculture, it is a key te ch n o lo gy to a llo w fa rm e rs th e a b ility to may improve the management of key enabler of technology that allows farmers to: provide on-fa rm , in -season transparency to a gricu ltu ra l risks: . Reduce costs through better insights on lenders for differentiated cost of capital access: . Data transparency for Federal Crop key areas such as weather, crop health, and . In the U.S., capital access for farmers is Insurance providers to forecast the end of disease detection largely based on leverageable asset th e se a so n risk (lo ss re se rvin g va lu e , cla im . Identify the ‘how’ and ‘when’ for key ownership - the farm or farm equipment a d ju stm e n ts, yie ld lo ss e stim a te s, e t a l.) d e cisio n s, su ch a s irriga tio n a n d fe rtilize r . Enable a more efficient manner of cash- . Innovative risk management tools for a p p lica tio n flow based lending on rented acres for farmers to better allocate resources, labor, . Enable on-fa rm d e cisio n s to im p ro ve more productive operations and time throughout the season p ro fita b ility a n d yie ld . Support innovative financial technology . Producers benefit when there is data tools available to help determine accurate loan rates, disaster payments, and other fin a n cia l in fo rm a tio n 8x+ 54% ~10% Increase in farm-level data generation Of U.S. cropland is rented versus Of corn and soybean farmers traded on average over the next 10 years owned, according to the USDA in futures contracts

2 Healthy Soil – Made in America

For most Americans, their house Farmer Wealth Farmer Profitability Policy Considerations is the most important asset that they’ll ever own. For farmers, it is From a policy perspective, government Investing in soil health, and the soil. Soil provides a reservoir should invest in programs and services that other long -term conservation Growing soil organic matter make it easier and more profitable for of water and nutrients and allows practices, may further align and improving other soil farmers to practice conservation. farmers to understand the health landowners and renters to characteristics may increase Developing datasets that de-risk and maintain better land demonstrate the profitability benefits of of their field visibly or through the crop yield implementing certain practice changes can scientific means (level of stewardship practices ultimately support more widespread nutrients to pH levels). adoption of innovative conservation approaches, practices and systems. Fully functioning soil has the At the same time, USDA NRCS Deteriorating soil health The U.S. Department of Agriculture should maximum crop production at has estimated the total cost of accelerates the price disparity establish a climate task force and ensure the lowest cost, but erosion erosion due to agriculture costs between the underlying asset input from an advisory board representing a impacts compaction, loss of diverse group of private partners, including $44 billion per year, while globally price of the farm and farmland soil structure, nutrient stakeholders representing venture capital productivity the planet has lost half of its degradation, and soil salinity and start-ups working on these issues. The topsoil in the last 150 years. By private sector is a significant driver when developing tools at scale that producers will building better soil, profitability need to profitably implement improved and wealth can return to the American Made Soil Health conservation practices. American family farmer.

3 Profit Per Acre By shifting from ‘Yield ’ t o ‘Profitability ’, farmers may focus on better outcomes that improve the p ro fita b ility o f th e ir b u sin e sse s, wh ile sim u lta n e o u sly yie ld in g b e tte r so il h e a lth a n d clim a te o u tco m e s.

Traditional commodity markets are massive and efficient, but they are not One example of the profitability opportunity for farmers in IP markets: incentivized by farmer profitability. At the same time, consumers are driving organic markets are growing 12x faster than conventional markets, but U.S. a significant demand in organic and other identity preserved (“IP”) products organic production is currently unable to meet that demand. Instead, a large (grass-fed, free range, et al) at grocery retail. IP markets lack transparency, percentage of organic ingredients are imported. There is a profitability risk management tools, price discovery, and other tools to help farmers opportunity for U.S. farmers to meet growing demand for organic bring products to market. in gre d ie n ts.

Today, there are only small, niche markets where priced carbon exists as a revenue stream for farmers; however, carbon has the potential to become With bipartisan support for the Growing Climate Solutions Act, there is the next cash crop. It would allow farmers to access a new revenue stream momentum building for carbon farming at the federal level. However, for that is not currently available to them, provide access to more liquid carbon farming to be a scaled practice, it needs to be viewed as real and markets, and incentivize positive land stewardship practices from renters credible by the industry, landowners, and operators. and owners.

Margin Protection for Federal Crop Insurance was introduced in 2016 and is The private sector has increased its focus on profit per acre, thereby one of the first risk management products designed by USDA’s Risk focusing on margin instead of revenue (price x yield), and is moving quickly Management Agency to focus on insuring the farmer’s operating margin. by building new financial, digital, and precision technologies for farmers. This Federal risk management has historically focused on yield and revenue for opens opportunity for the private and public sectors to work collaboratively various very sensible reasons. to im p ro ve o ve ra ll p ro fita b ility o f th e Am e rica n fa rm e r.

An Ingrained ‘Yield’ Culture Mo vin g to wa rd s a ‘Pro fita b ility’ Cu ltu re

3 Profit Per Acre (co n t.)

The principle challenge, to me, is changing the mindset from thriving “on 300 to 500 acres , rather than just surviving on 3,000 to 5,000 . We all grew up thinking we were outstanding farmers, and we were successful because I produce 80-bushel beans. Now we need to think about I'm successful because I net $200 an acre. Ken Dallmier President of Clarkson Grain Company of Illinois

Nutrition as National Security

4 Cheaper Healthcare & Food as an Extension of the Hippocratic Oath

Current State of Affairs Consumer Bankruptcies How Consumers Finance Food as an Extension of the in Healthcare Spend Caused by Medical Issues their Medical Necessities Hippocratic Oath

$3.5 trillion 66.5% 60% 75% Spent on health expenditures; Of all bankruptcies were tied Of the U.S. population must Of healthcare budget was despite higher per capita to medical issues, either in completely drain their savings spent on chronic disease, with spending the U.S. has relative cost or time away from work in order to pay off medical a majority being nutritionally - lower life expectancy debt related and preventable

1.5x ~530,000 1 in 10 80x Growth in healthcare Families across the country Adults delay medical care due ROI (medical savings per spending compared to the turn to bankruptcy each year to cost, with an average patient / food spend per growth of the GDP because of medical issues and hospital stay costing $15,734 patient) by prescribing food bills and education for diabetics (1)

Convergence of food and Redirect to More Economic Issues health may help… Productive Spending

Source(s): S2G Research, Committee for a Responsible Budget , Forbes, CNBC, Medical Economics , Fighting Chronic Disease , “Prescribing food as a specialty drug”, New England Journal of Medicine Catalyst, 2018 © 2021 Seed 2 Growth 15 S2G Ventures Healing America - A Future Food System for our Farmers, Consumers and Planet

4 Food as an Extension of the Hippocratic Oath – The Healthcare and Food Industries are Coming Together

Walmart and HumanaVitality Kroger is Testing ‘Food as HCSC and Blue Cross Blue Partner for First-of-its-Kind Medicine’ with Food Shield Institute team up on Healthier Food Program to Prescriptions for Customers new healthy food delivery Incentivize Wellness service

Geisinger – Nestle Health Science Prescribing Food as a acquires personalized Specialty Drug medicine platform

4 Food as an Extension of the Hippocratic Oath

The concept of food as medicine isn’t new, It is unacceptable for anyone to suffer but it’s largely anecdotal and under - Food from poor health because they can’t get

delivers. We can actually translate food enough nutritious food to eat.

“into medicine. We know what it takes to “ grow things that are clinically proven to be

The association between good health and more nutritious for a very specific health healthy food is indisputable, and if we “

outcome. Both want to make our communities the in d u s trie s healthiest in the nation, it is crucial that we Really, the opportunity to bestow health “ ca llin g fo r connect people with the resources they and longevity to billions worldwide is not need to achieve total health. in the hands of the healthcare industry, it’s co lla b o ra tio n in the hands of the food industry.

Healthcare Sofia Elizondo Bernard J. Tyson Co -founder & COO, Brightseed Chairman & CEO, Kaiser Permanente

5 Food as Preventative Medicine

While drugs are focused on Key Considerations Key Considerations Policy Considerations treatment of specific human in Healthcare in Nutrition health conditions, food and medical foods have proven to be ‘Food as medicine’ would benefit from further research and analysis to better effective means of managing 90% 1 in 10 inform the Dietary Guidelines for Americans and preventing specific issues – Of COVID-19 admissions Adults meet U.S. federal fruit as it develops nutritional recommendations most prevalently nutrition - involved at least one or vegetable daily serving during its next process. related chronic health conditions comorbidity – obesity, recommendations A stronger body of research could also be type 2 diabetes, et al. used to improve training for medical such as type 2 diabetes, obesity, professionals, including nutrition training in and congestive heart failure. medical school, as doctors are key trusted advisors when patients are seeking dietary There is significant opportunity 75% +0.35 servings and nutritional advice. for Congressional engagement Of the healthcare budget was Of produce consumed per Enhanced coordination between federal to promote policies that support spent on chronic diseases, the resident per day for each nutrition research agencies and renewing a priority for nutrition at USDA’s premier the use of food as a prophylactic majority being nutritionally - additional meter of shelf space competitive research arm, the Agriculture (1) treatment of extensive, nearly related diseases devoted to fresh vegetables and Food Research Initiative, would signal its importance and encourage potential ubiquitous human health applicants to think creatively about conditions. Healthcare Nutrition innovation in this field of work.

Source(s): S2G Research, Centers for Disease Control and Prevention, “Morbidity and Mortality Weekly Report”, April 8, 2020, Figh tin g Ch ron ic Dise a se , CDC, Cambridge University Press © 2021 Seed 2 Growth 18 S2G Ventures Healing America - A Future Food System for our Farmers, Consumers and Planet

6 Breeding for Health

Current State of Affairs Policy Considerations

Consumer preferences are changing rapidly and are By creating a policy and regulatory environment that increasingly uncompromising around nutrition, fosters innovation and new agricultural technologies, price, flavor, and other attributes, which has led to the U.S. food system will continue to be a leader an uplift in more conscious consumption. However, among the world in ag innovation. the current food system needs to keep up in its Congress and the executive branch must re - ability to meet these demands, including new prioritize investments in the government’s food and agricultural and ingredient innovation. agricultural research agencies. Additionally, Historically, breeding has been centered around developing opportunities focused on ag input traits, such as making a crop more resilient to technologies will push us towards future drought or pests. The next generation of breeding is innovations. beginning and will continue to focus efforts on The U.S. regulatory system should not impede the output traits – nutrition, flavor, functionality, investment in and development of new technologies, affordability, and other attributes of growing such as gene editing, that will likely improve crop importance to consumers. breeding for next generation traits by a magnitude

6 Breeding for Health (for People and Planet)

Consumers CPG and Food Companies

7 of 10 73% 98% 70% Consumers are Consumers are Of companies are Of companies have in cre a sin g th e ir paying more for reformulating at least reformulated products consumption of plant- health and wellness Innovation in some of their products to reduce salt based proteins food attributes and/or sugar agriculture can suit the needs of 65% 7% both parties 50% 50% Of consumers want Expected growth Loss in profits from Of CPG growth is functional benefits from between 2018 and grocers between 2012 expected to come from their food and drink 2023 in global and 2017, sparking the sustainability-marketed ‘cle a n la b e l’ m a rke t hunt for differentiation products

Equity through affordable Address food insecurity Improve challenged farm Increase production for health and wellness traits and malnutrition economics growth in population

Benefits from consumers, agriculture, and CPGs coming together Source(s): S2G Research, Food Navigator, Food Industry Executive, Food Dive, Business Wire, PR Ne ws Wire , Mc Kin s e y, Refrigerated and Frozen Foods © 2021 Seed 2 Growth 20 S2G Ventures Healing America - A Future Food System for our Farmers, Consumers and Planet

Resilient Supply Chains

7 Moving Production Closer to Consumption

COVID-19 meaningfully impacted the Policy Considerations key pressure points in the food supply The Supply Chain The Consumer chain and caused fear across the supply chain – from agriculture CO VID -19 e xp ose d risks in loca l, re gion a l, a n d companies to the consumer. It caused 1,300 to 1,500 40-50% global food system that would benefit from large food and agriculture companies further research into pressure points along Average miles food travels Decrease in distribution in the food supply chain. to start rethinking their supply chain in from farm to fork – the system retail between when the an effort of improved resiliency. During COVID-19, producers that sold into is dependent on transportation pandemic began and the restaurant and food service locations faced a The global food system has many over long distances middle of the year significant drop in demand when those perishable products, but it functions as establishments were forced to temporarily close. A more agile food system could benefit a just-in-time economy where food both producers and food service, by having inventories are intentionally kept at low th e fle xib ility to re d ire ct th e ir p rod u ct in to levels. It causes vulnerability to 25% 5% grocery retail systems. Labor shortage would cause Negative impact on the U.S. pork unanticipated variations in demands. Policymakers should continue to increase 49% reduction in food supply from a single shut down With transportation system shutting financial support and incentives for local and production, according to from a major pork supplier’s regional producers, including those at FSA down in the early days of COVID, three N IS AC ’s (1 ) model fa cility d u rin g COVID-19 and Farm Credit. Examples include vulnerabilities that were exposed were: supporting barn finance for local egg . Fo o d to re ta il d istrib u tio n producers or supply chains for local producers to sell into grocery or food service. . Agricultural inputs to farms (e.g., seeds, Resilience Dependability a n im a l fe e d , fe rtilize r) . Farm products to processors, packagers, spot markets, and exporters

No te (s ): (1) Nation al In frastru ctu re Sim u lation & An alysis Ce n te r; Sou rce (s): S2G Re se arch , ATTRA, NISAC, Reuters © 2021 Seed 2 Growth 22 S2G Ventures Healing America - A Future Food System for our Farmers, Consumers and Planet

8 Controlled Environment Ag for Consumers and Supply Chains Controlled environment agriculture can work alongside conventional methods to offer consumers and supply chain constituents more resilient, sustainable, local, high-quality products. By utilizing different methods and formats, indoor and greenhouse producers can alleviate systemic nutrition and food access challenges, while mitigating climate and other production risks. Further, controlled environment may alleviate logistical constraints of today’s system. In the future, controlled environments may demonstrably improve market access to affordable, high-quality, and nutritious produce. However, scaling controlled production will require collaboration and partnership across entrepreneurs, p o licym a ke rs, scie n tists, a n d o th e rs critica l in h e lp in g CEA re a ch a via b le sca le .

Policy Considerations Cumulative impact if vegetables and herbs shifted to ~13% CEA by 2025 Controlled environment agriculture would benefit from further U.S. food stakeholders largely stand to benefit, with notable research, analysis, and focus from the USDA to help guide its trajectory p o sitive e xte rn a litie s a ch ie ve d o ve r a five -year period. and development in the future. A stronger body of research could also be used to inform crop advancement, energy and input cost, sustainability measurement, and other attributes of CEA. Shift to Greater Localization Reduced Resource Use + Waste Enhanced coordination and communication with specific federal agencies, such as the Department of Energy for lighting technology in co n tro lle d e n viro n m e n t a gricu ltu re fa cilitie s. 2.3bn 9 1.3 330 Additional Trillio n -m ile Billio n o f Billio n fe we r We also support improving access to capital within USDA lending and production reduction in food produce gallons of water risk programs for CEA. ca p a city (in lb s.) m ile s save d used

9 Dark Real Estate Tailwinds from COVID-19 include greater interest in While the hype of controlled environment agriculture continues controlled environment agriculture development and an to accelerate, greenhouse is an existing, large market increased focus on repurposing commercial real estate. At opportunity with significant room to grow the same time, commercially, these technologies are becoming more viable and there is an opportunity to Crops grown under glass or other protection Number of Farms Square Footage reimagine vacant real estate across urban centers as food Aquatic plants 331 1,308,064 production facilities. Bulbs, corms, rhizomes, and tubes - dry 347 1,682,858 Repurposing commercial real estate such as legacy Cutting, seedings, liners and plugs 1,356 37,173,863 manufacturing facilities and warehouses is an opportunity to Floriculture 17,051 869,496,529 promote jobs in urban areas, redefine “local” food systems, Flower seeds 294 495,223 and optimize resource efficiencies. Creative approaches that Greenhouse fruits and berries 846 11,708,439 leverage opportunity zones, private market participants and Greenhouse tomatoes 7,974 63,929,576 government bodies can help manage the infrastructure cost Other greenhouse vegetables 7,198 48,634,529 and deliver value across stakeholder groups. Mushrooms 1,261 36,281,409 Expanding commercial-scale agriculture production to urban Nursery stock crops 4,302 308,879,616 and suburban areas is also additive to traditional, outdoor Tobacco transplants 267 3,259,696 agricultural production. As discussed in the prior slides, it Vegetable seeds 599 8,972,753 supports stronger controlled environment agricultural Vegetable transplants 2,058 29,859,523 economics and offers a viable alternative to imports. Total 43,884 1,421,682,078

Average sq ft/farm 32,396

9 Dark Real Estate

Producing food without arable land constraints would provide “numerous benefits including increased food production, particularly of fresh and local food; employment opportunities for urban populations , estimated to account for up to 75 percent of the global population by 2050; and the strategic use of soil resources for food production that is most suitable or necessarily must be soil-based. Ariel Kagan and Jenna Riemenschneider , Authors of Opportunities in Controlled Environment Agriculture by the Food Institute at Swette Center for Sustainable Food Systems at Arizona State University

Resilient Rural 1 Rural Broadband Dark Real Estate 9 Supply Renaissance Chains

2 He a lth y So il is Controlled Environment Ag for 8 Ma d e in Am e rica Consumers and Supply Chains

3 Profit Per Acre Moving Production Closer to 7 Consumption

A Food System that can serve as a Food as an Extension of the 4 Hip p o cra tic Oa th bridge by supporting healthy people and communities, fostering Nutrition Food as Preventative Medicine as National 6 strong, sustainable farm Security operations, and promoting climate 5 Breeding for Health health by helping farmers profit by moving to the front line of climate change. © 2021 Seed 2 Growth 26 S2G Ventures Healing America - A Future Food System for our Farmers, Consumers and Planet

Meet S2G Ventures

At S2G Ventures, we’re harnessing the power of food innovation to create better outcomes for people and the planet. We believe food needs to be produced in a way that considers human and environmental health just as much as taste and profit – and we back trailblazing entrepreneurs across the food supply chain with the big ideas to make that dream a reality.