Terrascend Investor Presentation

Maryland Entered the state with a purchase of a small cultivation facility in 2021 with plans to build a new facility ● ● ● ● Rapid market penetration going from 0 to 4 dispensary cap in time for Adult Use launch Introduced an extensive portfolio of owned and partnered brands Thoughtfully expanding cultivation capacity to satisfy market demand with additional capacity coming online in early 2024 With similar margins and market structure to New Jersey, Maryland is driving significant positive cash flow Further upside expected from verticalization due to growing wholesale demand for our products Kind Tree GAGE LEGEND Cookies EVERYONE'S FAVORITE TREE CANNADES CO WHILE CANNABIS FLOWER TERRASCEND (TSX: TSND OTCQX: TSNDF) wana AMMD (Dispensary)- Populatio 5 Million 1. Source: 8th Edition, The State of the Legal Cannabis Markets, Arcview Market Research (Published May 5, 2020) 2. Following closing of previously announced acquisitions in Maryland n: Type: Size¹: Hagerstown (Cultivation / Processing) Medical and Adult Use (AU Began 7/1/2023) $820 Million/year - Current¹ $1.3 Billion/year - 2027¹ Herbiculture (Dispensary) Blue Ridge (Dispensary) Peninsula (Dispensary) p. 13

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