sndl Investor Presentation

Liquor Retail ● Operating Segments Canada's largest private sector liquor retailer Diverse retail footprint from convenience to large format destination locations Operational excellence and scalable corporate services in competitive and regulated retail environment PHO Cannabis Retail ● ● Canada's largest cannabis retail footprint Diverse retail stores from everyday low cost to premium retail experiences Own the customer relationship with robust analytics and insights Key driver of SNDL's vertical integration strategy in cannabis Cannabis ● ● Robust innovation capabilities through low- cost biomass sourcing, premium indoor cultivation and low-cost manufacturing facilities Diverse brand portfolio from value to Jm Trusted B2B production partner Key enabler of SNDL's vertical integration strategy Investments ● Emphasis on cannabis credit and select M&A focused equity investments SunStream Bancorp Inc. vehicle for the deployment of debt ge US- capital to based MSOs and other operators CH Overview sndl

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