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Investor Presentation

First Quarter 2023 Financial Results YoY growth driven by launch of adult use in New Jersey along with Gage and Pinnacle Acquisitions Net Revenue (in millions, US$) +43% YoY $48.6 $69.0 Q1 2022 Q4 2022 $57.0M Retail $25.7M Retail $22.9M Wholesale $12.0M Wholesale TERRASCEND CSE: TER | OTCQX: TRSSF $69.4 Q1 2023 $55.4M Retail $14.0M Wholesale First Quarter 2023 Highlights • Revenue: $69.4M versus $48.6M in Q1 2022 Positive growth sequentially and 43% year-over-year • Driven by adult use in NJ and the additions of Gage and Pinnacle in MI, and AMMD in MD. ● p. 13
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