1Q21 Investor Update

GROWTH MARKETS ON THE Columbia Care in New York $5B+ Projected TAM (1) 4 . 4 Medical Dispensary Locations ~60k sqft Existing Cultivation & Production Capacity in Rochester, plus 190k sqft of expansion capacity -940k sqft Additional Cultivation & Production Capacity in Riverhead, NY MARKET UPDATES On March 31, 2021 Gov. Cuomo signed Legislation (S.854-A/A.1248- A) legalizing adult-use cannabis and expanding the medical marijuana and cannabinoid hemp programs . New Location The list of qualifying conditions for the medical cannabis program is expanded; whole cannabis flower to enter market in 2H2021 THE HORIZON Columbia Care in New Jersey $3B+ Projected TAM (1) 3 Medical Dispensary Locations (1 Active, 2 Pending in 2021) ~50k sqft Existing Cultivation & Production Capacity in Vineland, NJ -250k sqft Additional Cultivation & Production Capacity in development in Vineland, NJ MARKET UPDATES Columbia Care is among the existing medical operators that will be able to operate up to 3 co-located dispensaries, 2 cultivation facilities providing up to 150k sqft of cultivation Medical market continues to grow with 100k+ patients; pending legislation for subsidization of medical cannabis through Medicaid shows permeance of medical track in Garden State Columbia Care is among existing Registered Organizations that will be able to operate up to 8 dispensaries (5 medical + 3 co-located medical/adult-use) and remain vertically integrated 1) Estimated Sales figures from BDSA Market Forecast as of February 2021, broker research, Company estimates Columbia Care on track to open 2 additional dispensaries in key locations in 2H of 2021 to align with adult-use sales coming online Columbia Care in Virginia $3B+ Projected TAM (¹) gLeaf Medical Cannabis 12 Medical Dispensary Locations (pro forma including gLeaf) -147,765k sqft Existing Cultivation & Production Capacity (pro forma including gLeaf) -30k sqft Additional Cultivation & Production Capacity MARKET UPDATES Medical operators are included in VA adult use, with guardrails; vertically integrated operators pay a $1 million fee to opt-in to adult- use 11 Legalizing possession and personal cultivation without providing for legal commerce is already increasing pressure on lawmakers have early adult-use sales Sales are slated to begin on January 1, 2024, but the case for July 2022 adult-use sales is strengthened by the legalization approach UVIUNTIVIU CUIU

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