Verano Market Expansion and Operations Overview

Massachusetts Overview OVERVIEW OF MARKET AND VERANO OPERATIONS Market Overview Adult-Use and medical markets •6.9M population . 100k medical patients; 1.4% penetration Total market expected to grow from $917M (2020) to $1.78B (2026E) Verano Operations • 2 adult-use dispensaries ⚫A 26k sq. ft. indoor cultivation and manufacturing facility under construction; first room expected to come online by end of Q3 2021 Market size forecasts based on MJBizDaily 2020 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. 48 VERANO.COM verano

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