Investor Presentation

Michigan 3Q '23 Highlights ● ● ● Market Overview ● Focused on Margin and Profitability • Improved gross margins by 1,800 basis points since acquiring the business Eclipsing 40% in September 2023 ● Largest US market per capita #2 market size at over $3 Billion Retail and Wholesale ● 19 retail locations, soon to be 20 with second Detroit location planned for early 2024 Opportunity to go deeper with accretive M&A in unlimited license state TERRASCEND Traverse City_ (Dispensary) Grand Rapids (Dispensary) Harrison (Dispensary) Kalamazoo (Dispensary) (Cultivation/Processing & Distribution) Battle Creek Monitor (Cultivation/Processing) Lansing (Dispensary) Burton (Dispensary) ookies Detroit (Dispensary) Warren (Cultivation) Cookies Cookies Ann Arbor Ferndale (Dispensary) Kalamazoo (Dispensary) Adrian (Dispensary) (Dispensary) p. 19

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