AeroFarms SPAC Presentation Deck

AeroFarms Financial Overview FARM COUNT¹ % growth of towers 48 1 % margin 2021 $(2) 2021 # of towers 48 grow tower farms NM 192 4 AEROFARMS® 4 2022 300% GROSS PROFIT ($mm) $(3) 2022 432 7 NM 6 2023 125% $11 2023 19% ■ 144 grow tower farms 768 10 3 7 2024 78% $57 2024 35% 1 Farms that are under construction or operating 1,008 13 4 9 2025 31% $137 2025 42% 1,248 16 LO 5 11 2026 24% $264 2026 48% 1,248 16 LO 5 11 Run Rate NM $423 Run Rate 51% REVENUE ($mm) % growth $4 % margin 2021 $(39) EBITDA ($mm) 2021 $13 NM 2022 226% $(47) 2022 NM $54 2023 305% $(49) 2023 NM $163 2024 201% $(4) 2024 NM $330 2025 102% $82 2025 25% $553 2026 67% $193 2026 35% $825 Run Rate NM $332 Run Rate 40% 35

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