Investor Presentation

Appendix - Reconciliation of Non-GAAP Measures The table below reconciles Gross Profit and Adjusted Gross Profit for the quarters ended March 31, 2023, December 31, 2022, and March 31, 2022. (in thousands of U.S. Dollars) Revenue, net Gross profit Add the impact of: Relief of fair value of inventory upon acquisition Non-cash write downs of inventory Other one time adjustments to gross profit Adjusted Gross Profit Adjusted Gross Profit Margin % 4 TERRASCEND CSE: TER | OTCQX: TRSSF For the Three Months Ended March 31, 2023 December 31, 2022 69.398 69,041 33,900 94 33,994 49.0% 30.798 453 31,251 45.3% March 31, 2022 48,585 15,624 1,806 1,894 238 19,562 40.3% p. 21

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