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Investor Presentation

Michigan 4Q'22 Highlights ● ● ● Market Leader ● ● Retail and Wholesale 17 operating retail locations. Pinnacle acquisition in Q3 drove growth in Q4. City of Detroit approved 8 Mile location for adult-use. Continuing to build branded wholesale capabilities. Evaluating multiple acquisition opportunities. ● Highly fragmented $2 billion market. Leading vertically integrated operation. "Iconic Orange" branded products. ● On Track for Positive EBITDA Took decisive actions to optimize operations, improve efficiencies and reduce our cost structure. 4 TERRASCEND CSE: TER | OTCQX: TRSSF Traverse City (Dispensary) Grand Rapids (Dispensary) Battle Creek (Dispensary) Harrison (Cultivation / Processing & Distribution) Kalamazoo (Dispensary) Cookies Cookies Ann Arbor (Dispensary) Kalamazoo (Dispensary) Adrian (Dispensary) 1. Source: 8th Edition, The State of the Legal Cannabis Markets, Arcview Market Research (Published May 5, 2020) Monitor (Cultivation/Processing) Lansing (Dispensary) Burton (Dispensary) Cookies Detroit (Dispensary) Warren (Cultivation) Ferndale (Dispensary) p. 12
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