The AeroFarms Opportunity

AeroFarms Financial Overview FARM COUNT¹ # of towers 48 grow tower farms ■144 grow tower farms % growth of towers REVENUE ($mm) 1,248 1,248 1,008 16 16 768 13 5 5 432 192 37 10 4 $825 3 4 $553 48 11 11 9 7 $330 1 6 $4 $13 $163 $54 2021 2022 2023 2024 2025 2026 Run Rate 2021 2022 2023 2024 2025 2026 Run Rate 300% 125% 78% 31% 24% NM % growth 226% 305% 201% 102% 67% NM GROSS PROFIT ($mm) EBITDA ($mm) $332 $423 $264 $193 $137 $82 $11 $57 $(39) $(47) $(49) $(4) $(2) 2021 $(3) 2022 2023 2024 2025 2026 Run Rate 2021 2022 2023 2024 2025 2026 Run Rate % margin NM NM 19% 35% 42% 48% 51% % margin NM NM NM NM 25% 35% 40% AEROFARMS 1 Farms that are under construction or operating 35

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