TerrAscend Corp. (“TerrAscend” or the “Company“) (CSE: TER) today announced, that it filed its preliminary proxy statement (“Proxy Statement“) with the U.S. Securities and Exchange Commission (the “SEC“), which includes further details of the internal reorganization (“Reorganization“) necessary in connection with the Company’s proposed listing (the “TSX Listing“) of its common shares (the “TerrAscend Common Shares“) on the Toronto Stock Exchange (the “TSX“). A shareholder vote on the Transaction Proposal (as defined below) is scheduled to occur at the Company’s annual general and special meeting of shareholders on June 22, 2023 (the “Shareholder Meeting“). Assuming requisite approval by the Company’s shareholders is obtained at the Shareholder Meeting and the Company is able to satisfy the listing and regulatory requirements and obtain TSX approval, the Company expects that Listing would occur shortly thereafter. Additionally, TerrAscend announced today that it increased its ownership interest in Cookies Retail Canada Corp. to 95% of the issued and outstanding shares.
“We continue to make progress on our strategy to list on the TSX. Assuming the proposed reorganization is approved by our shareholders and the TSX grants approval for the listing of TerrAscend’s common shares, we should be in a position to commence trading on the TSX shortly thereafter. We are grateful to the TSX for their leadership and collaborative work in helping to create this opportunity for TerrAscend and its stakeholders,” said Jason Wild, Executive Chairman of TerrAscend.
