Investor Presentation

ayr footprint summary (pro-forma)¹ AR State 21+ Population² Dispensaries: Current³→→→YE 2022 Key Retail Markets Cultivation & Production Facilities: Q2 → YE 2022 sq. ft.8 Biomass Production Capacity: Q2 → YE 2022 lbs/yr5,8 Employees Planned CapEx Remainder 20223 MA 1) Pending closing of IL acquisition 2) Source: BDSA | 2022 estimated population data 3) As of 8/18/2022 5.3M 2 AU, 2 MED→3 AU, 1 MED4 Greater Boston 56K → 148K 19K → 50K 350 ~$4M nj 6.7M 3 AU Central NJ 110k 4K → 47K 150 ~$4M PA 9.7M 9 MED Pittsburgh Philadelphia State College 83K 20K 360 <$1M OH 8.8M 11K → 69K 0-10K6 20 ~$6M FL 17M 50 MED →→ 55 MED Orlando South Florida Tampa 745K 80K → 100K 7007 ~$8M AZ 5.5M 3 AU Phoenix 90K 28K → 30K 250 <$1M 4) Somerville open medical and approved Q3 to expand co-located, pending municipal approval; Watertown open co-located; Boston Back Bay open adult-use; Needham open medical 5) Capacity defined as quarterly production annualized 6) Only includes harvest from Phase I facility 7) Includes employees based in FL corporate HQ CSE:AYR.A | OTC:AYRWF 8) Please refer to the "Forward-Looking Statements" and "Assumptions and Risks" detailed in the Company's press release dated August 18, 2022. The Company's expectations for future results are based on the assumptions and risks detailed in the MD&A for the period ending June 30, 2022, as filed on SEDAR nv 2.4M 6 AU Las Vegas Reno 110K 21K 525 <$IM IL 9.4M 2 AU →→ 4 AU¹ Chicago Quincy ΝΑ ΝΑ 45 <$1M Total 64.8M 77 → 84+ 1.2M → 1.3M+ 172K → 275K+ -2,400 ~$25M 8

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