The AeroFarms Opportunity

Accessing $1.8 Trillion Market Opportunity Strategic Partnerships XX Expansion into Berries and Other Markets Fresh produce market opportunity: $1.3tn¹ Producing higher-quality berries and other traditionally seasonal produce year-round Work to Date Includes: ☐ Have grown thousands of berry plants in R&D facilities since 2017 ■ Growing capabilities yield strawberries that consistently exceed industry averages for sweetness UCDAVIS Plant Breeding Center USDA Plant-made Pharmaceuticals, Nutraceuticals and Cosmeceuticals Broader market opportunity: $471bn² Using plants as bioreactors to produce proteins and inputs for other applications Work to Date Includes: ■ Actively participating in a National Institutes of Health (NIH) sponsored trial Growing an Active Pharmaceutical Ingredient (API) for COVID-19 (or other SARS) therapeutic trial NIH National Institutos of Health Advanced Genetics Products and Services Broader market opportunity: $56bn³ Using fully-controlled platform for speed breeding and genetic development Work to Date Includes: Founding Member of the Precision Indoor Plants (PIP) Consortium and Principal Investigator for first and largest project (lettuce) Co-developed first ever CRISPR-Cas9 produce product P'P □ BASF Green Venus FREGION IN PLESS FFAR BENSON HILL FLUENCE OSRAM Technology Components Broader market opportunity: $10bn4 Potentially selling components of technology platform, including lighting and agSTACK system Work to Date Includes: Co-developed standalone machine vision capabilities with Nokia Bell Labs Co-developed a horticulture luminaire Developing proprietary automated nutrient delivery and agSTACK systems NOKIA Bell Labs AEROFARMS 1 BMI 2019 retail food market data, excludes foodservice sales; Produce is defined as fresh produce minus leaf and stem vegetables; 2 Technavio 2020; 3 2019 Mordor Global Seed Market - Growth, Trends, and Forecast; 42020 Markets and Markets - Hydroponics Market Global Forecast 30

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