Growing Market Opportunity

Illinois Overview Market Overview . Adult-Use and medical markets • 12.7M population . . 150k medical patients; 1.2% penetration • $669M adult-use sales in the first year . Total market expected to grow from $1.03B (2020) to $1.8B (2026E) Verano Operations . 10 operational dispensaries (5 combined medical & adult- use and 5 adult-use) • 192k sq. ft. cultivation and manufacturing facility in Albion Market size forecasts based on BDSA estimates. Patient counts based on BDSA estimates. Includes the contribution from the following: (1) licenses directly owned, managed, or operated; (2) those licenses with which Verano has executed management agreements or other commercial agreements 38 VERANO.COM verano

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