3Q22 Investor Update

GVB ACQUISTION Q3 '22 purchase price allocation - May 13, 2022 acquisition date (in millions) Current assets, excluding inventory Inventory Other assets Property, plant & equipment and ROU lease asset Goodwill Tradename Customer lists Accounts payable and accrued expenses Leases and other liabilities Deferred tax liability Bridge loan Fair value of net assets acquired Adjusted 3Q '22 $ 3.4 $5.3 $ 0.5 $ 12.6 $ 33.7 $ 4.6 $5.8 ($ 2.9) ($ 2.6) ($ 2.7) ($ 4.3) $53.4 Ž 22ND CENTURY GROUP During 3Q '22, the fair values of assets acquired and liabilities assumed were adjusted to reflect ongoing acquisition valuation analysis procedures of property and equipment, intangible assets, deferred taxes, and working capital adjustments. These adjustments resulted in a combined reduction to goodwill of $10.5M. The amounts reported are considered provisional as the Company is finalizing the valuations that are required to allocate the purchase price through the measurement period, which remains open as of September 30, 2022. As a result, the allocation of the provisional purchase price may change in the future, which could be material. 21

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