Investor Presentation

Gross Profit and Adjusted Gross Profit Margin Fourth Quarter Gross Profit Margin: 44.6% Adj. Gross Margin: 45.3% New Jersey gross margin remained consistent and healthy versus previous quarters. ● ● Excluding Maryland start up expenses, Q4 adj. gross margin was 47.0%. 4 TERRASCEND CSE: TER | OTCQX: TRSSF Full Year Gross Profit Margin: 41.0% Adj. Gross Margin: 46.0% ● Reflects challenging environment in Pennsylvania and new state mix including Michigan. p. 16

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