Growing Market Opportunity

New Jersey Overview Market Overview . Adult-Use and medical markets • 8.9M population • • ~99k medical patients; 1.1% penetration Total market expected to grow from $178.5M (2020) to $1.84 (2026E) • Adult-use signed into legislation in February 2021 Verano Operations • 3 active medical dispensaries 120k sq. ft. indoor cultivation and manufacturing facility with staggered expansion planned to be completed by the end of Q3 2021 Market size forecasts based on BDSA estimates. Includes: (1) licenses directly owned, managed, or operated; (2) those licenses with which Verano has executed management agreements or other commercial agreements; and/or (3) those licenses to which Verano has a purchase option. 41 VERANO.COM verano

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