Investor Presentation

TA California Market Details: Population: Type: Size¹: TerrAscend Operations: Focused on San Francisco / Bay Area with 5 Retail Dispensaries Open State Flower 20K Sq Ft Cultivation facility 110+ Dispensaries with our Brands Valhalla Edibles Products Production ● ● 39.5 million Medical/Adult-use $4.3 Billion/year - Current¹ $5.7 Billion/year - 2025¹ ● 1. Source: 8th Edition, The State of the Legal Cannabis Markets, Arcview Market Research (Published May 5, 2020) (CSE: TER | OTCQX: TRSSF) Marina (Dispensary) Soma (Dispensary) Castro (Dispensary) Valhalla (Edibles Manufacturing) Berkeley (Dispensary) State Flower (Cultivation) Capitola (Dispensary) P. 13

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