Investor Presentaiton

INVESTMENT HIGHLIGHTS E שיי High quality assets in high-growth markets Blue-chip pedigree management team Significant embedded growth potential Demonstrated ability to consolidate Organizational emphasis on R&D and innovation Demonstrated ability to consolidate Despite a challenging M&A environment, Parallel has successfully: Closed multiple transformative and highly accretive acquisitions, minimizing dilution to shareholders while achieving scale Successfully integrated complex assets, creating cost synergies and adding disciplined management teams to our platform Made significant investment in retail, cultivation, and production in order to continue to scale our operations Maintained responsible leverage to fund growth for robust prior returns to shareholders 8.7X 5.7X 3.8X CANNABIS PUBLIC COMPARABLE COMPS TRANSACTIONS PARALLEL ACQUISITIONS TEV / NTM NET REVENUE HISTORICAL ACQUISITION MULTIPLES: PARALLEL VS. INDUSTRY1 28.5X Acquisitions in Massachusetts and Nevada accelerated expansion plans into new markets and were immediately accretive 19.4X 9.0X CANNABIS PUBLIC COMPARABLE TRANSACTIONS COMPS PARALLEL ACQUISITIONS TEV / NTM ADJUSTED EBITDA² 1. Parallel acquisition multiples calculated as weighted average of MA and NV acquisition multiples at time of deal. Trading multiples based on set of comparable cannabis companies as of February 10, 2021. Trading multiples sourced from Capital IQ, Public Filings, and Company management. 2. See "Non-GAAP Measures, Reconciliation and Discussion" disclaimer on page 5 and Adjusted EBITDA reconciliation on page 59. 24

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