Investment Thesis Overview

Continuing to Penetrate the U.S. Market Over 50% of locations are in the U.S. following Papa Murphy's acquisition 2,199 2012 2013 6,907 2014 2015 2016 2017 2018 ■ Canada ■ U.S. 2019 International 2020 Q2-21 GROUPE MTY GROUP 34

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