[PRESS RELEASE] – TORONTO, June 5, 2026 – TerrAscend Corp., a leading North American cannabis operator, announced that it has filed a notice to hold a special meeting of shareholders on Aug. 24, 2026, to approve a share consolidation of the company’s common shares. The record date for the special meeting is June 30, 2026.
Further details regarding the share consolidation, including the proposed consolidation ratio and related information, will be provided in the management information circular to be filed with the SEC and on SEDAR+ in advance of the special meeting.
The share consolidation is intended to position the company to meet share price criteria established by major U.S. stock exchanges and the company’s board of directors believes it is prudent to take the steps necessary to be prepared to act on that opportunity when it arrives.
“The regulatory progress that has occurred over the past several months is real and meaningful. We believe uplisting to a major U.S. exchange is no longer a question of if; it is a question of when,” TerrAscend Executive Chairman Jason Wild said. “We have been positioning the company for this moment since 2022, when we became an SEC filer. More recently, we have been in consultation with the U.S. stock exchanges. This shareholder vote is an important step, and we look forward to sharing additional details ahead of the meeting.”
