TerrAscend Reveals Renewal of $10 Million Stock Buyback Initiative
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 20 2025
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Share Repurchase Authorization: TerrAscend's Board has authorized a renewal of its normal course issuer bid to repurchase up to $10 million of common shares over the next 12 months.
Previous NCIB Details: The previous NCIB, which started on August 22, 2024, resulted in the purchase and cancellation of 1,279,400 shares for about $616,000 at an average price of $0.47 per share.
Expiration and Outstanding Shares: The prior NCIB is set to expire on August 21, 2025, with 306 million shares outstanding as of August 14, 2025.
Management Discretion: The company is not obligated to purchase shares and may suspend or terminate the program if management finds better uses for cash reserves, without incurring debt for the repurchase.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
