Verano Market Expansion and Operations Overview

Arizona Overview Market Overview • Adult-Use and medical markets 7.3M population Adult-use program active as of January 2021 • ~295k medical patients; 4.0% penetration Total market expected to grow from $1.03B (2020) to $1.81B (2026E) Verano Operations 6 operational dispensaries • 30k sq. ft. indoor cultivation and manufacturing facility in Coolidge - 60k sq. ft. expansion underway . ~20K sq. ft. facility in Winslow Market size forecasts based on BDSA estimates. Includes: (1) licenses directly owned, managed, or operated; (2) those licenses with which Verano has executed management agreements or other commercial agreements; and/or (3) those licenses to which Verano has a purchase option. 41 VERANO.COM verano

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