Exchange Bulletin

TerrAscend Corp. (TSND) To Trade On Toronto Stock Exchange

June 29, 2023
Issuer: TerrAscend Corp. (the "Company")
Security: Common shares
Symbol: TSND
Number of securities issued and outstanding: 286,563,369
Number of securities reserved for issuance: 174,062,005
Listing category: Industrial, Non-Exempt Issuer
Trading currency: CDN$
Listing and posted for trading date: July 4, 2023 (at the opening)
Other market(s): The common shares have been listed on the Canadian Securities Exchange ("CSE") since May 3, 2017 under the symbol "TER". The common shares will be delisted from the CSE on June 30, 2023 (at the close).
Temporary market maker: Citadel Securities Canada ULC
Investor relations: Valter Pinto
Managing Director, KCSA Strategic Communications
(717) 610-4165
Incorporation: Business Corporations Act (Ontario)
Fiscal year end: December 31
Nature of business: The Company is a cannabis company with interests across the North American cannabis sector, including vertically integrated licensed operations in Pennsylvania, New Jersey, Michigan, Maryland and California through TerrAscend Growth Corp., and cannabis retail operations in Ontario, Canada with a majority-owned dispensary in Toronto.
Transfer agent and registrar: Odyssey Trust Company at its principal office in Toronto.
Dividends: The Company does not anticipate paying cash dividends on the common shares in the foreseeable future.
Sponsorship: ATB Capital Markets Inc.
Recent Financing: On June 23 and 28, 2023 the Company completed a private placement (the "Equity Offering") of 6,364,011 units (the "Units") at a price of US$1.50 per Unit, for gross proceeds of US$9,546,016.50 in aggregate. Each Unit consists of one common share and one-half of a common share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder to purchase one common share at a price of US$1.95 per share for three years from the date of issuance. The Equity Offering was sold by ATB Capital Markets Inc. as agent.
On June 23 and 28, 2023 the Company completed a private placement (the "Debenture Offering") of US$10,005,000 principal amount of senior unsecured convertible debentures (the "Debentures"). The Debentures mature 36 months following the closing of the Debenture Offering (the "Maturity Date"). The Debentures bear interest at the rate of 9.9% per annum, calculated and compounded semi-annually, and payable on the Maturity Date. The Debentures are convertible into common shares, at the option of the holder, at any time prior to the business day immediately preceding the Maturity Date, at a conversion price of US$2.01 per share.
TSX contact: Selma Thaver,
Managing Director,
TSX Listings