Investor Presentation
Maryland
1Q'23 Highlights
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Strong Sequential Growth
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Vertical Integration Plan on Track
Fully operational with cultivation and
manufacturing at new Hagerstown facility.
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Q1 sales nearly tripled sequentially (off small base).
Early harvests yielded quality levels comparable to
other states.
Margins improved materially after absorbing full cycle
of harvesting.
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Closed on the acquisition of Allegany Medical
dispensary (AMMD) in January.
Actively evaluating other M&A opportunities for
further vertical integration and retail expansion.
Adult Use July 1, 2023
Preparing to go to market with a full complement
of brands, products and formats, for wholesale
distribution, leveraging the same brand strategy
that has proven successful in NJ.
4 TERRASCEND
CSE: TER | OTCQX: TRSSF
AMMD
(Dispensary)
Hagerstown
(Cultivation / Processing)
1. Source: 8th Edition, The State of the Legal Cannabis Markets, Arcview Market Research (Published May 5, 2020)
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