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Gross Profit Margin 32.1% Q1 2022 4 TERRASCEND Gross Profit Margin 44.6% Q4 2022 CSE: TER | OTCQX: TRSSF +420bps QoQ 48.8% Q1 2023 First Quarter 2023 Highlights • Gross Profit Margin: 48.8% versus 44.6% in Q4 2022 and 32.1% in Q1 2022 Impressive sequential improvement driven by increased yields, optimization of mix and better utilization of capacity in NJ, MI and MD p. 14

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