Investor Presentation

California • Market Overview ● ● ● Population of 39.5 million Medical and adult-use market size is currently $4.3 billion and expected to reach $5.7 billion by 2025¹ Operations Focused on San Francisco / Bay area with 5 retail dispensaries open • State flower 20K Sq Ft cultivation facility ● ● • 110+ dispensaries with TerrAscend brands • Valhalla edibles brand 1. Source: 8th Edition, The State of the Legal Cannabis Markets, Arcview Market Research (Published May 5, 2020) TERRASCEND (TSX: TSND |OTCQX: TSNDF) Marina (Dispensary) Soma (Dispensary) Castro (Dispensary) Valhalla (Edibles Manufacturing) Berkeley (Dispensary) State Flower (Cultivation) Capitola (Dispensary) p. 20

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