[PRESS RELEASE] – TORONTO, Aug. 20, 2025 – TerrAscend Corp., a number one North American hashish corporate, introduced that its board of administrators licensed the corporate to resume and refill its customary route issuer bid (NCIB) to repurchase as much as USD $10 million of the corporate’s not unusual stocks, once in a while over twelve months.
TerrAscend Govt Chairman Jason Wild stated, “We imagine our stocks constitute compelling worth at present ranges, particularly within the context of new federal regulatory momentum. This program supplies us with the versatility to allocate capital opportunistically whilst staying occupied with operational excellence and earnings expansion.”
Pursuant to a prior NCIB which commenced on Aug. 22, 2024, the corporate bought for cancellation a complete of one,279,400 stocks, during the amenities of the Toronto Inventory Change (TSX) or different such accepted manner, for an combination repurchase worth of roughly $616,000 (CAD$855,000) and at a quantity weighted moderate acquire worth of $0.47 (CAD$0.67) according to percentage. The former NCIB licensed the acquisition of a most of 10 million stocks and can expire on Aug. 21, 2025.
There have been 306 million stocks exceptional as of Aug. 14, 2025. Whilst the time-frame to buy stocks begins on Aug. 22, 2025, and ends no later than Aug. 21, 2026, the corporate isn’t obligated to buy any stocks. If control determines it has a greater use for its money reserves, it’s beneath no legal responsibility to proceed to buy stocks, and percentage purchases is also suspended or terminated at any time at TerrAscend’s discretion. The corporate does no longer be expecting to incur debt to fund the proportion repurchase program.
Because of the renewal of its NCIB and along with stocks repurchased beneath the corporate’s earlier NCIB, TerrAscend is allowed to repurchase as much as 10 million of the corporate’s stocks over the 12-month length, which represents 4.73% of the general public drift in accordance with 306,240,023 overall stocks exceptional as of Aug. 14, 2025.
There’s a day-to-day repurchase restriction of 60,255 stocks, which represents 25% of the corporate’s moderate day-to-day buying and selling quantity at the TSX of 241,023 stocks. Stocks is also bought at the TSX, the OTCQX Best possible Marketplace, or choice buying and selling techniques and will probably be topic to the constraints and laws imposed by means of U.S. and Canadian securities laws.
The real selection of stocks bought, timing of purchases and percentage worth will depend on marketplace stipulations on the time and securities legislation necessities. All stocks received will probably be returned to the treasury and canceled.
