Investor Presentaiton

DRAMATIC EXPANSION IN REVENUES ALREADY UNDERWAY BUILDING BLOCKS TO REACH $160 M ANNUAL REVENUE IN 2023 ARE NOW IN PLACE 1 $M Retail Waterfall 45 40 35 30 5252525 5 22 20 15 10 2021A $M 30 13 26 25 2022A Incremental 2023E Incremental 20 15 10 5 CPG Waterfall $M Wholesale Biomass Waterfall 120 100 -3 80 -3 60 2021A 2022A Incremental 2023E Incremental 440 22 20 2021A 19 59 2022A Incremental 2023E Incremental additional Retail: Projecting $13m in revenues in 2023 due to revenues from 7 new dispensaries added since Q3 22, but 2023 revenue growth will be negatively impacted by the change in excise tax collection, the extremely competitive heavy discounting. marketplace and CPG: Full year of PLUS and Allswell is offset by negative growth in the California flower market and an extremely competitive retail environment. Wholesale Biomass: SoCal Phase I output in the second half drove 2022 growth. In 2023, revenues are expected to benefit from higher wholesale pricing and from having SoCal Phase I production all year. 1. Company has the potential to achieve monthly revenues that annualize to $160 million. The statement assumes the following in potential revenues from each source: 1) Annualized wholesale biomass sales of $100 million; 2) Annualized retail revenues of $40 million; 3) Annualized wholesale CPG revenues of $20 million. Please see Forward-looking disclosures statement on Slide 2. 10

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