AeroFarms SPAC Presentation Deck

Ready to Bring Leafy Green Farms to New Markets FUTURE FARMS Partial list of locations to serve target markets FARM PIPELINE DANVILLE, VIRGINIA April 2021¹ Model 5, 48- tower farm NEXT FARM Target locations Q1 2022¹ 48-tower farm Note: Map is illustrative; 300- mile target areas not to scale DEVELOPMENT TIMELINE Di AEROFARMS Texas Triangle ~3 - 4 months Priority Market Competitive multi-state RFI, Selection comparative site analysis, incentive negotiations Greater St. Louis Q2 2022¹ 48-tower farm Site Selection Southern US ~4 - 5 months Engineering and design, competitive bids, permitting ¹ Date represents financial closing / start of construction for each farm location Q3 2022¹ 48-tower farm Newark, NJ Danville, VA ~12 months SITE SELECTION METHODOLOGY Prioritize locations for new farms considering: CUSTOMER: quality, expansion strategy ✔MARKET DEPTH: population within 1 day drive ✔COSTS: utilities, labor, construction, logistics ✔SPEED TO BUILD: Permitting, ready utilities and infrastructure INCENTIVES: Ability to attract incentives that reduce costs or create capital ‒‒‒‒‒‒‒‒‒ AeroFarms also won a World Wildlife Fund RFP to partner in developing a potential future farm Financial Construction of farm, Start of Closing / Start equipment commissioning, Commercial staff hiring and training Operations of Construction -‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒| ~6 months Ramping of commercial production Full Production 43

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