Investor Presentation

PEER COMPARISONS Trading at a multiple discount VS. larger cannabis companies despite achieving higher margins ᏤᏤᏤᏤᏤᏤ ᏤᏤᏤᏤ 22.7x $371 29% 20.6x Source: Note: Top 5 19.5× 2021 EBITDA & Margin (Consensus) $324 36% 10.6x $212 24% ENTERPRISE VALUE / 2021 EBITDA (CONSENSUS) Regional MSOS Company filings, FactSet (1) Pro forma for acquisition of Harvest (2) Based on midpoint of management guidance 10.1x $472 $370 37% 44% 26.0x $36 16% 23.7x $37 27% 22.2x $86 25% 18.4x $102 23% 17.5x $45 26% 17.4x $114 30% 17.2x $98 19% * Schwazze 12.1x Schwazze $32 17% 10.3x $33 28% (Guidance) OTCQX: SHWZ | 8

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