Investor Presentaiton

CALIFORNIA: HIGH GROWTH & CONSOLIDATION POTENTIAL MM 30 M ADULTS 1 > 260 M TOURISTS 2 2 ~ 6,150 CULTIVATORS 3 > 1,200 DISTRIBUTORS 3 > 1,600 RETAILERS 3 R > 1,000 BRANDS 4 1. Source: https://www.census.gov/quickfacts/CA 2. Source: https://industry.visitcalifornia.com/research/travel-forecast 3. Source: California Department of Cannabis Control Website, as of end April 2023. The number of cultivators is down from 7,999 on 6/30/22 and 6,791 in February 2023. 4. Souce: Headset, the number of brands selling flower, pre-rolls, edibles and/or vape products with sales greater than $10k during Q1 2023. Exact number is 1,012, down from 1,206 in June 2022 and 1083 at the end of Q4 2022. 6

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