1Q21 Investor Update

KEY TAKEAWAYS ($) 2 Ayr is Built for Success and Positioned for Re-Valuation Largest scale cultivator of high- quality flower combined with operational excellence to build the most productive assets in the industry Over 100% revenue and AEBITDA growth in 2021 & 2022 driven by both organic and acquired growth ini LOO ayr Operating talent scaling with growing footprint, national brand building and improved customer experience Multiple expansion as growing footprint, expanding brand presence, accelerating cash flow generation and regulatory changes attract a broader investor base CSE:AYR.A, OTC:AYRWF 15

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