Investor Presentation

Third Quarter 2023 Gross Profit Margin 47.0% Q3 2022 TERRASCEND +660bps YOY 50.2% Q2 2023 +340bps QoQ 53.6% Q3 2023 Third Quarter 2023 Highlights Gross Profit Margin: 53.6% versus 50.2% in Q2 2023 and 47.0% in Q3 2022 ● ● • A 340-basis point improvement quarter- over-quarter and up 660 basis points year-over-year Driven by progress across all states including: • Increased utilization of Hagerstown facility in MD Optimization of operations in PA Eclipsing target 40% mark in MI Continued strength in NJ ● ● ● p. 28

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