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Investor Presentation

efficiency in a highly fragmented environment Leading cannabis company committed to being the largest producer of high-quality flower at scale AR 8-state footprint | $24B industry in 2021¹ nevada 2021 sales: $1B¹ Population: 3.1M 1) Source: BDSA 2) Based on 2021 total U.S. sales of $24B 3) United States Census Bureau 2021 estimate arizona 2021 sales: $1.3B¹ Population: 7.2M illinois 2021 sales: $1.8B¹ Population: 12.7M Florida 2021 sales: $1.7B¹ Population: 21.9M Adult-Use Market $42B by 2025¹ | ~40% 2021 market reach² pennsylvania 2021 sales: $1.2B¹ Population: 12.9M ohio 2021 sales: $380M¹ Population: 11.8M Medical Market massachusetts 2021 sales: $1.6B¹ Population: 6.9M new jersey 2021 sales: $250M¹ Population: 9.2M Cannabis is unlike any other industry. Each state a closed ecosystem of regulation and market dynamics. Our goal is an optimized footprint that promotes consistency and quality of products, brands, and customer experiences. 4
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