Green Thumb Investment Presentation

Track Record of Strategically Scaling National Footprint THROUGH 33 LICENSE WINS AND 14 M&A TRANSACTIONS SINCE 2015 Development of Green Thumb's Operating Infrastructure Consumer Products Business Illinois . 2015: Won 2 cultivation/processing Nevada • 2015: Acquired 1 cultivation, 1 processing • 2019: Acquired Integral Associates: 2 Production in Las Vegas Maryland • 2017: Acquired 1 processing • 2018: Won 1 cultivation license 2019: 1 cultivation license approved Massachusetts . 2016: Won 2 cultivation/processing Pennsylvania 2017: Won 1 cultivation/processing Florida 2018: Acquired 1 cultivation/processing Ohio • 2019: Won 1 processing license; Awarded cultivation license Arkansas . • 2018: Applied, did not win New York • 2018: Acquired 1 cultivation/processing New Jersey 2018: Won 1 cultivation/processing California 2019: Acquired Beboe brand Colorado . 2019: Acquired incredibles brand Connecticut • 2019: Acquired Advanced Grow Labs (AGL): 1 cultivation/processing Retail Business Illinois • 2015: Won 1 retail license 2016: Acquired 50% of 1 retail store 2017: Acquired 2 operating retail stores 2019: Acquired 1 operating retail store Nevada • 2015: Acquired 2 retail licenses • 2019: Acquired Integral Associates: 3 retail in Las Vegas; won 8 additional retail licenses Maryland • 2017: Won 1 retail license; Acquired 2 retail licenses Massachusetts • 2016: Won 2 retail licenses • 2018: Acquired 1 retail location in Boston Pennsylvania . • 2017: Won 3 retail; Partner to own 3 additional retail 2018: Won 12 additional retail licenses Florida • . 2018: Acquired 30 retail locations • 2019: Program expansion for 5 additional retail locations Ohio • 2018: Won 5 retail licenses Arkansas • 2018: Applied, did not win New York • · 2018: Acquired 4 retail licenses New Jersey • 2018: Won 1 retail license • California © 2018: Won 1 retail license in West Hollywood (includes consumption lounge) 2019: Won 1 retail license in Pasadena and 1 retail license in Culver City Connecticut • 2019: Acquired AGL: 1 retail license • • • 2019: Acquired 1 retail store 34

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