Growing Market Opportunity

SCALABLE PLATFORM - CORE MARKETS* STATE IL { MARKET SIZE Population -12.7M Medical and Adult Use markets ASSET DETAILS FL P Population 21.5M Medical market • 10 operating dispensaries (5 combined medical/adult-use, 5 adult-use) 192k sq. .ft. indoor & greenhouse cultivation and manufacturing facility in Albion 37 dispensaries in operation, with additional 6+ additional planned by end of 2021 220k sq. ft. indoor cultivation and manufacturing facility in Apollo Beach AZ 24 NJ Population -7.3M Medical and Adult Use markets Population -8.9M Medical market (adult use approved) Population -12.8M PA Medical market OH NV Population -11.7M Medical market Population-3.1M Medical and adult-use market • 6 operating dispensaries • • . 90k sq. ft. indoor cultivation and manufacturing facility in Coolidge (includes 60k sq. ft. expansion underway) and a -20k sq. ft. cultivation in Winslow 3 operating dispensaries - Elizabeth, Neptune, and Lawrence 120k sq. ft. indoor cultivation and manufacturing facility In Branchburg with staggered expansion planned to be completed by Q3 2021 12 operating dispensaries, with 6 additional planned One 62k sq. ft. indoor cultivation and manufacturing facility in Chester; a second facility planned with sq. ft. TBD (anticipated completion by Q3'22) 5 operating dispensaries 22k sq. ft. indoor cultivation and manufacturing facility 4 operating dispensaries; with 1 additional planned by end of Q3 2021 2 indoor cultivation and manufacturing facilities; a 42k sq. ft. facility with expansion underway, and an additional 10k sq. ft. facility MD Population -6.1M Medical market • 4 operating medical dispensaries 38k sq. ft. indoor cultivation facility - currently under expansion * Includes the contribution from the pending acquisitions and the completion of planned construction. In addition, 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. 8 VERANO.COM verano

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