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6/20/2025 <br />3 <br />Saint Anthony Village Constraints <br />•Land-locked community borders with minimal <br />opportunities for commercial and residential <br />development <br />•No ability to increase tax capacity through growth in <br />taxable base <br />•Limited opportunities to increase tax capacity through <br />redevelopment <br />•State restrictions on local taxing power to address <br />pressing issues <br />OUR FISCAL REALITY <br />We Provide Quality City Services <br />•Dedicated Police and Fire Departments with rapid emergency <br />response (less than 3 minutes) 24/7/365 <br />•Reliable Public Works providing snow removal from streets <br />and sidewalks, streets maintenance, water and sewer utilities, <br />parks amenities and supporting community activities <br />•Continued commitment to environmental sustainability and <br />climate resilience <br />•Robust communications function to ensure the community <br />feels informed and engaged <br />•Long-range financial planning and responsible use of taxpayer <br />funds to maintain city services and quality infrastructure <br />Shifting Demographics & Consumption <br />•Gen Z and Millennial consumers are increasingly <br />moderating alcohol consumption – nearly 2/3 plan to <br />drink less in 2025. <br />•62% of adults under age 35 say they drink compared to <br />72% just 20 years ago <br />•58% of Americans in 2024 said they drink beer, liquor or <br />wine; down from 67% in 2022 and a high of 71% in 1970s <br />•Cannabis use increased from 8% in 2013 to 15% in 2022 <br />•Non-alcoholic beverage market is experiencing significant <br />growth, overall volume rising by 29% in 2023 over 2022 <br />CONSUMPTION TRENDS & OUTLOOK <br />Sales Outlook <br />•Sales declined in 2024 over 2023 across all categories: <br />Spirits, Beer and Wine (-6%) <br />•Shift to THC/CBD products has taken market share from <br />Spirits, Wine and Beer even though gross profit <br />percentages in those categories remain unchanged <br />•THC/CBD is highest gross profit percentage category <br />in our stores <br />•In 2025, we are experiencing a 42% increase in <br />THC/CBD product sales compared to same period in <br />2024 (avg. $33K monthly) <br />5 <br />6 <br />47