AeroFarms SPAC Presentation Deck

The Strawberry Market is Ripe for Disruption Large Market Each year Americans eat an average of approximately 8 lbs. of fresh strawberries per person¹ Seasonal Supply Strawberries today are subject to a seasonal supply chain, with most US fresh strawberries grown in California¹ High Pesticide Use Strawberries topped the Environmental Working Group's 2021 Dirty Dozen™ list of produce with high pesticide use¹ AEROFARMS ¹ Environmental Working Group: "Pesticides + Poison Gases = Cheap, Year-Round Strawberries" 48

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