TerrAscend Reveals Renewal and Funding of $10 Million Stock Buyback Initiative

Share Repurchase Authorization: TerrAscend Corp. has authorized a renewal of its normal course issuer bid (NCIB) to repurchase up to USD $10 million of its common shares over the next 12 months.

Previous NCIB Performance: Under the previous NCIB, which began in August 2024, TerrAscend repurchased 1,279,400 shares for approximately $616,000 CAD, with a maximum purchase limit of 10 million shares set to expire on August 21, 2025.

Market Conditions and Flexibility: The company emphasizes that it will only repurchase shares if it finds it advantageous, maintaining flexibility in capital allocation while focusing on operational excellence and revenue growth.

Legal Considerations: Investors are cautioned about the significant legal restrictions surrounding cannabis operations in the U.S., as federal laws still classify cannabis as illegal, posing risks to TerrAscend's business operations.