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SHOP DISPENSARIES BRANDS INVESTORS ABOUT US NEWS AND SPECIAL UPDATES November 22, 2021 / News Press Release Goodness Growth Holdings Closes Previously Announced Divestiture of Arizona Dispensary License – Company will maintain focus on Arizona wholesale channel as a low-cost producer of biomass – MINNEAPOLIS – November 19, 2021 – Goodness Growth Holdings, Inc. (“Goodness Growth”) (CSE: GDNS; OTCQX: GDNSF), a physician-led, science-focused cannabis company and IP developer, today announced that its subsidiary, Vireo Health of Arizona, LLC (“Company”), has successfully completed the previously-disclosed divestiture of its dispensary license, all remaining inventory and equipment at its Phoenix dispensary, the Phoenix dispensary property lease and all revenue producing contracts in an all-cash transaction valued at $15.0 million. The transaction also includes related cultivation licenses for both medical and adult-use, only one of which is currently operational at the Company’s 18-acre outdoor farm in Amado, AZ, south of Tucson. Goodness Growth also entered into a separate cultivation management services agreement with the acquirer, Copperstate Farms, LLC, which will allow the Company to continue cultivating and selling cannabis products through the medical and adult-use wholesale sales channels in Arizona. The cultivation management services agreement has an initial term of five years and will be subject to renewal for up to 20 years. Categories NEWS (132) PRESS RELEASE (97) EDUCATION (86) UNCATEGORIZED (16) TEAM MEMBER SPOTLIGHT (16) ARE YOU 21 YEARS OF AGE OR OLDER? Yes No Remember Me for 30 Days