AeroFarms SPAC Presentation Deck

Growing Market Opportunity in Vertical Farming ✓ The Controlled Environment Agriculture (CEA) sector has gained market share over the last several decades High-tech greenhouses are limited in their capabilities compared to vertical farms ✓ Vertical farms have emerged as an alternative to greenhouses, capable of greater environmental control and plant outputs Environmental Control Building Footprint Product Quality Use of Pesticides AEROFARMS AeroFarms Vertical Farms FULL SMALLER HIGH NEVER ¹ Allied Market Research Vertical Farming Market Global Opportunity Analysis High-tech Greenhouses PARTIAL LARGER MODERATE SOMETIMES Vertical farming is expected to be a -$12.7 billion market by 2026 with a 22.3% CAGR from 2021 to 2026¹ 15

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