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COLLABORATIVE INSIGHTS February 25, 2019

Dated February 25, 2019 Ref IMAGES-008-HOUSE_OVERSIGHT_024919.txt Release House Oversight Committee — Epstein Estate Records (Nov 2025) 1 pages

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COWEN COLLABORATIVE INSIGHTS February 25, 2019 GW Pharmaceuticals Ple Rating History as of 02/25/2019 powered by: BlueMatrix (1):$166.00 || (1):$165.00 || (1):$175.00 02/24/17 08/07/17 09/27/18 180 160 140 120 100 80 60 40 20 Apr 16 Jul 16 Oct 16 Jan 17 Apr 17 Jul 17 Oct 17 Jan 18 Apr 18 Jul 18 Oct 18 Jan 19 Closing Price ———— Target Price Tilray Rating History as of 02/25/2019 powered by: BlueMatrix 1:(1):$34.00 | | (1):$62.00 | | (4):$172.00 | |(1):$150.00 08/13/18 08/29/18 | | 10/09/18 11418 250 200 150 100 50 Apr 16 Jul 16 Oct 16 Jan 17 Apr 17 Jul 17 Oct 17 Jan 18 Apr 18 Jul 18 Oct 18 Jan 19 Closing Price ——— Target Price Turning Point Brands Rating History as of 02/25/2019 powered by: BlueMatrix 1:(1):$13.00 | | (1):$17.00 | | (1):$18.00 | | (1):619.00 | |(1):$20.00 | | (1):$25.00 || (1):$27.00 | | (1):$35.00 | | (1):$45.00 06/06/16 qinine § ||03137 «| )051217 | \08/10/17 |) 01/08/18 | |03M2/18 || O8/08/18 | |ag/06/18 50 40 30 ponte 20 aliiceneenageelll™ 10 - 0 Apr 16 Jul 16 Oct 16 Jan 17 Apr 17 Jul 17 Oct 17 Jan 18 Apr 18 Jul 18 Oct 18 Jan 19 Closing Price ———— Target Price COWEN.COM 103 HOUSE_OVERSIGHT_024919

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