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Investor Presentation

Pennsylvania 4Q'22 Highlights ● ● ● Retail and Wholesale ● ● ● 6 dispensaries, modest growth in Q4. Fully built-out at large-scale cultivation and manufacturing Fulton facility. Minimizing Expenses and Optimizing Efficiency Gross margin rebound in Q4. Rebound in wholesale driven by introduction of Cookies and Gage. ● PA Remains Key Strategic Focus Area Encouraging signs on the regulatory front for adult use. Prepared to bring on capacity, leverage vertical scale, brands and capabilities to meet increased demand in an expected adult-use market. 4 TERRASCEND CSE: TER | OTCQX: TRSSF Allentown (Dispensary) Waterfall (Cultivation/Dispensary) Lancaster (Dispensary) 1. Source: September 2021, PCC Month in Review, Pennsylvania Cannabis Coalition 2. Source: 8th Edition, The State of the Legal Cannabis Markets, Arcview Market Research (Published May 5, 2020)) Stroudsburg (Dispensary) Bethlehem (Dispensary) Plymouth Meeting (Dispensary) Thorndale (Dispensary) p. 11
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