Investor Presentation

General & Administrative Expenses* Fourth Quarter General & Administrative Expenses: $33.6 M % of Revenue : 48.7% Excluding previously disclosed, non- recurring item ($10 M bad debt reserve), G&A slightly down sequentially and 34% of revenue. 4 TERRASCEND CSE: TER | OTCQX: TRSSF * Excluding stock-based compensation Full Year General & Administrative Expenses: $103 M versus $60 M in 2021 ● ● % of Revenue: 41.7% Reflects addition of Gage in Michigan ($40 M) and conversion to adult use in New Jersey. p. 17

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