Verano Market Expansion and Operations Overview

Michigan Overview OVERVIEW OF MARKET AND VERANO OPERATIONS Market Overview • Adult-Use and medical markets • 10M population 247k medical patients; 2.5% penetration Total market expected to grow from $985M (2020) to $1.69B (2026E) Verano Operations 1 medical & adult-use dispensary in Buchanan, MI (~30 min from South Bend and Elkhart, IN (directly across border), ~90 min from Chicago, IL) Market size forecasts based on BDSA 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. 50 VERANO.COM verano

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