HARVEST ENTERPRISES GROUP OF COMPANIES

HARVEST ENTERPRISES GROUP OF COMPANIES

INTERIM CONDENSED COMBINED FINANCIAL STATEMENTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2018 AND 2017

(Unaudited)

(Expressed in United States Dollars)

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HARVEST ENTERPRISES GROUP OF COMPANIES Index to Unaudited Interim Condensed Combined Financial Statements

Page(s) UNAUDITED INTERIM CONDENSED COMBINED FINANCIAL STATEMENTS

Unaudited Interim Condensed Combined Statements of Financial Position.............................................. 3 Unaudited Interim Condensed Combined Statements of Operations ......................................................... 4 Unaudited Interim Condensed Combined Statements of Changes in Members' Equity............................. 5 Unaudited Interim Condensed Combined Statements of Cash Flows ........................................................ 6 Notes to Unaudited Interim Condensed Combined Financial Statements ................................................. 7

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HARVEST ENTERPRISES GROUP OF COMPANIES

Unaudited Interim Condensed Combined Statements of Operations For the Three and Nine Month Periods Ended September 30, 2018 and 2017 (Expressed in United States Dollars)

Three Months Ended

September 30,

2018

2017

Nine Months Ended

September 30,

2018

2017

Revenue Cost of Goods Sold Gross Profit Before Biological Asset Adjustments Unrealized Gain on Changes in Fair Value of Biological As s et

Cost of Goods Sold on Biological Asset Transformation Gross Profit Expenses

General and Administrative Sales and Marketing Depreciation and Amortization

Total Expenses

Operating Income Other Income / (Expenses)

Gain on Sale of Asset Interest Expense

Income Before Taxes and Non-Controlling Interest Income Taxes

Income Before Non-Controlling Interest Loss (income) Attributed to Non-Controlling Interest Net Income (Loss) Attributed to Harvest Enterprises Group of Companies

$ 11,153,726 $ 6,881,604 $ 30,012,392 $ 15,615,722 (5,565,725) (3,420,651) (12,642,080) (6,774,484)

5,588,001

3,460,953 17,370,312

8,841,238

5,690,989

(2,132,896) 9,146,094

885,082

(1,190,162) 3,155,873

5,690,989

(3,558,987) 19,502,314

885,082

(111,242) 9,615,078

6,571,065 485,915 341,773

7,398,753

1,747,342

3,006,126 189,415 143,910

3,339,451

(183,578)

12,357,167 922,972

1,077,855

14,357,994

5,144,320

5,447,133 410,693 226,730

6,084,556

3,530,522

34,684 (486,645)

16,113

1,560,953 (791,888)

(96,372)

1,295,380 (1,034,247)

(167,465) (872,047)

5,913,385 (2,453,706)

3,434,150 (1,646,370)

261,133

(1,039,512)

3,459,679

1,787,780

(714,137)

265,511

163,510

534,884

$

(453,004) $ (774,001) $ 3,623,189 $ 2,322,664

The accompanying notes to the unaudited interim condensed combined financial statements are an integral part of these statements.

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HARVEST ENTERPRISES GROUP OF COMPANIES

Unaudited Interim Condensed Combined Statements of Changes in Members' Equity For the Nine Months Ended September 30, 2018 and 2017 (Expressed in United States Dollars)

Non-Controlling

Members' Equity

Interest

Total

Balance, January 1, 2017

$ 3,288,604

-

$ 3,288,604

Other adjustments

(9,809)

-

(9,809)

Issuance of membership interest related to business acquisition Note 8

34,000,000

-

34,000,000

Net Income (Loss)

2,322,664

(534,884)

1,787,780

Balance, September 30, 2017

$ 39,601,458 $ (534,884) $ 39,066,575

Balance, January 1, 2018

$ 40,447,946

Contributions from noncontrolling

interest members

Note 13

-

$ 523,933 4,434,144

$ 40,971,879 4,434,144

Net Income ( Loss)

3,623,189

(163,510)

3,459,679

Balance, September 30, 2018

$ 44,071,135 $ 4,794,567 $ 48,865,702

The accompanying notes to the unaudited interim condensed combined financial statements are an integral part of these statements.

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