Verano Market Expansion and Operations Overview

Maryland Overview • Market Overview • Medical market 6.1M population 123k medical patients; 2.0% penetration Total market expected to grow from $449M (2020) to $1.39B (2026E) Verano Operations • 4 operating medical dispensaries . 39k sq. ft. cultivation facility - expansion is nearing completion Market size forecasts based on MJBizDaily 2020 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. 46 VERANO.COM verano

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