TerrAscend Corp. (“TerrAscend” or the “Company”) (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis operator, today announced that Ziad Ghanem has been promoted to the role of Chief Executive Officer (“CEO”) effective immediately, in addition to his existing role as President of the Company. Mr. Ghanem was most recently TerrAscend’s President and Chief Operating Officer (“COO”) and was elected to the new role of CEO unanimously by TerrAscend’s Board of Directors.
Mr. Ghanem has served as President and COO at TerrAscend since January 2022. In that role he helped guide the company to record year-over-year revenue growth managing the daily operations at one of the strongest operating footprints in the industry. Throughout his 20-year career, Mr. Ghanem held several senior leadership positions across the pharmaceutical, healthcare services, cannabis and retail industries, including serving as President of Parallel, a vertically integrated, multi-state cannabis operator. Before entering the cannabis industry, Mr. Ghanem gained more than 15 years of experience at Walgreens and Walgreens Boots Alliance in multiple areas including operations, strategy and innovation. Mr. Ghanem holds a Doctor of Pharmacy degree from the University of Houston.
“Ziad is a phenomenal leader who has been instrumental in driving improvements across the organization. Over Ziad’s first 15 months with TerrAscend he has become a trusted friend, and my respect for his leadership, judgment and grit has grown immensely,” said Jason Wild, Executive Chairman of TerrAscend. “He has done an outstanding job as President and COO, and I can’t imagine a more qualified person to assume the CEO role. I am grateful to have found someone who shares my passion for TerrAscend’s long term success. I look forward to continuing our strong working relationship in the future.”
“We are building something special at TerrAscend while keeping our team members and customers at the center of each decision we make,” added Mr. Ghanem. Over the last 15 months, I have witnessed a team with a level of commitment, passion and determination that is beyond impressive. I am deeply grateful to the Board for their trust in me, and I am particularly thankful to Jason Wild for being my biggest supporter and mentor.”
