Verano Market Expansion and Operations Overview

FINANCIAL FLEXIBILITY Strong financial health to support organic and inorganic growth Summary Balance Sheet As of Sept. 30, 2021 $56,937 $2,686,956 $162,785 Unencumbered by sale leasebacks Prudent increases in debt ahead of growth Debt upsize of $120m, to a total $250m, at improved terms Working capital of $162m Ability to self fund Capex Free cash flow of $35m $USD thousands Cash Total Assets Debt Total Liabilities * Numbers for 3Q21 as of 9/30/21. 24 VERANO.COM $986,203 verano

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