TerrAscend Completes Sale of Facility in Canada for CAD$19.7 Million

 TerrAscend Corp. (“TerrAscend” or the “Company”) (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis operator, announces that, as of today, it has completed the sale of its facility located in Mississauga, Canada for CAD$19.7 million.

“I am pleased we were able to complete the sale of this facility at an attractive price. This latest debt paydown adds to the substantial progress we have made over the last three quarters in strengthening our balance sheet by reducing our debt and interest expense.  The continued improvement of our balance sheet remains a priority. We plan to pay down additional debt in the coming months,” commented Jason Wild, Executive Chairman of TerrAscend.

The Canadian Securities Exchange (“CSE”) has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

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