Retail Update and Investment Thesis

FY FINANCIAL HIGHLIGHTS (US$ MILLIONS) FY'20 VS. FY'21 Net Revenue Growth US$ Millions $143.7 FY '20 +131.3% AWH $332.4 FY '21 Y/Y revenue growth driven by 6 new store openings and 100,000 sq. ft of canopy expansions Y/Y 245 bps of margin expansion driven by expanded utilization of wholesale footprint and leveraged G&A Adj. EBITDA / Margin¹ US$ Millions 23.9% Profit: +157.6% 21.4% Margin: +245 bps $79.4 $30.8 FY '20 FY '21 1. Adjusted Gross Profit / Margin and Adjusted EBITDA / Margin are non-GAAP financial measures. Please see the "GAAP Reconciliations" at the end of this presentation for a reconciliation of non-GAAP to GAAP measures. 5

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