Investor Presentation

Cash Flow Strong sequential growth highlights continued focus on improving cash flow from operations Cash Flow From Operations (in millions, US$) $1.5 Q3 2022 4 TERRASCEND $7.3 Q4 2022 CSE: TER | OTCQX: TRSSF $8.4 Q1 2023 Cash Flow and Cap Ex Highlights • Cash flow from operations of $8.4M in Q1, up from $7.3M in Q4 • Capital Expenditures: $2.5M mainly related to store openings in Michigan • Free cashflow for Q1 was $5.9M Lower interest payments in Q1; Accrued taxes for current period of $7.6M; No tax payments in period ● p. 17

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