Investor Presentation

General & Administrative Expenses* $24.7 Q3 2022 37.3% of Revenue TERRASCEND (in millions, US$) $28.5 Q2 2023 39.5% of Revenue $27.5 Q3 2023 30.8% of Revenue Third Quarter 2023 Highlights General & Administrative Expenses*: 30.8% of revenue in Q3, a reduction of 870-basis points sequentially, from 39.5% in Q2 ● • Tight control of spending, combined with a 24% sequential growth of the top line, led to strong sequential gain in operating leverage * Excluding stock-based compensation and Amortization and Depreciation p. 29

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