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Investor Presentation

TA Michigan Market Details: Population: Type: Size: TerrAscend Operations: Acquired Gage Growth Corp. in March 2022 9.9 million Adult-Use $2.0 Billion/year - Current¹ $2.5 Billion/year - 2025¹ • 3 cultivation and processing facilities as well as 9 contract grow agreements ● ● 17 operating retail locations with 2 additional locations planned in early 2023 Closed on acquisition of KISA Enterprises MI, LLC and KISA Holdings, LLC ("Pinnacle") consisting of 6 licenses 5 of which are operating dispensaries Continuing to build branded wholesale business (CSE: TER | OTCQX: TRSSF) 1. Source: 8th Edition, The State of the Legal Cannabis Markets, Arcview Market Research (Published May 5, 2020) Traverse City (Dispensary) Grand Rapids (Dispensary) Battle Creek. (Dispensary) Kalamazoo- (Dispensary) Harrison (Cultivation / Processing & Distribution) Monitor (Cultivation/Processing) Lansing (Dispensary) Burton (Dispensary) Cookies Detroit (Dispensary) Cookies Cookies Ann Arbor Kalamazoo (Dispensary) (Dispensary) Adrian (Dispensary) Warren (Cultivation) Ferndale (Dispensary) p. 12
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