TerrAscend announces renewal of $10M share repurchase program

TerrAscend’s (TSNDF) Board of Directors has authorized the Company to renew and replenish its normal course issuer bid to repurchase up to $10M of the Company’s common shares, from time to time over a 12-month period. Pursuant to a previous NCIB which commenced on August 22, 2024, the Company purchased for cancellation a total of 1,279,400 Shares, through the facilities of the TSX or other such permitted means, for an aggregate repurchase price of approximately $616,000 and at a volume weighted average purchase price of $0.47 per Share. The previous NCIB authorized the purchase of a maximum of 10,000,000 Shares and will expire on August 21, 2025. There were 306 million Shares outstanding as of August 14, 2025. While the timeframe to purchase Shares starts on August 22, 2025, and ends no later than August 21, 2026, the Company is not obligated to purchase any Shares. If management determines it has a better use for its cash reserves, it is under no obligation to continue to purchase Shares and share purchases may be suspended or terminated at any time at TerrAscend’s discretion. The Company does not expect to incur debt to fund the share repurchase program.