1Q21 Investor Update

KEY 2021-2022 GROWTH DRIVERS Retail Revenue 6 stores open 9 stores by end of 2021 ● ● PA Wholesale Revenue and Margin Improvement • 83,000 sf on-line ● 2H 2022 expansion to additional 100,000 sq. ft. Retail Revenue AZ ● Wholesale Revenue and Margin Improvement ● 3 stores open Adult-use sales ramping 10,000 sq. ft. on-line 80,000 sf indoor facility complete in 4Q21 ΜΑ Retail Revenue ● 3 AU stores open by 1Q22 Wholesale Revenue Additional 100,000 sq. ft. facility comes on-line in 2Q22 Retail Revenue ● ● ● Cultivation Improvements to Drive Store Productivity ● FL ● 42 stores currently 50 stores by end of 2021 Remediation of 300K sq. ft. existing facility Additional 20 acres of hoop houses Edibles, concentrates and other product launches ● ayr Retail Revenue NJ ● 3 medical stores open Adult-use in 1Q22 Wholesale Revenue Additional 76,000 sq. ft. facility comes on- line in 1Q22 CSE:AYR.A, OTC:AYRWF 4

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