Verano Market Expansion and Operations Overview

INDUSTRY LEADING EBITDA PROFILE 60% 54% 50% 40% 30% 20% 10% 3Q21 ADJUSTED EBITDA MARGINS 3Q21 ADJUSTED EBITDA IN SUSD $120 $111 $ millions $100 $80 $60 $40 $20 0% $0 Verano Peer A Peer B Peer C Peer D Peer E Peer F Verano Peer A Peer B Peer E Peer C Peer D Peer F Adjusted EBITDA is a Non-IFRS financial measure calculated herein as EBITDA adjusted for one-time expenses related to other expenses, gain from investment in associates and acquisition related costs. Peer group values are from publicly-disclosed press releases. 23 23 VERANO.COM verano

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