Year of Notable Growth & Expanding Footprint

ASCEND INVESTMENT THESIS ENTERING PERIOD OF SIGNIFICANT CASH FLOW GENERATION AWH FOCUS ON ACHIEVING SCALE IN SELECT LIMITED LICENSE MARKETS AND FURTHER DENSIFYING EXISTING MARKETS KEY FLAGSHIP LOCATIONS IN MARKETS WITH HIGH BARRIERS TO ENTRY PROVEN BY HIGHEST REVENUE PER DISPENSARY IN THE INDUSTRY DISCIPLINED CAPITAL ALLOCATION; SUCCESSFUL EXECUTION OF ACCRETIVE M&A STRENGTHENED MANAGEMENT WITH PROVEN TRACK RECORD OF OPERATIONAL EXCELLENCE ABILITY TO LEVERAGE CORE INFRASTRUCTURE AS MORE ASSETS AND ADULT-USE MARKETS ARE "TURNED ON" 3

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