Investor Presentaiton

CALIFORNIA: HIGH GROWTH & CONSOLIDATION POTENTIAL 31 M ADULTS 1 > 275 M TOURISTS 2 ~ 5,250 CULTIVATORS 3 ~ 1,150 2 DISTRIBUTORS 3 1,700 RETAILERS 3 R ~ 660 2 BRANDS 4 1. Source: https://www.census.gov/quickfacts/CA, the number of adults over 18 years of age. 2. Source: https://industry.visitcalifornia.com/research/travel-forecast, Forecast for 2023 as of Mid-November. 3. Source: https://search.cannabis.ca.gov, as of October 31st, 2023. 4. Source: Headset, the number of brands selling flower, pre-rolls, edibles and/or vape products with sales greater than $30k during Q3 2023. Exact number is 662, down from 960 in June 2022 and 748 at the end of Q2 2022. 6

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