TerrAscend files preliminary proxy for reverse stock split vote; recasts segment reporting by state

TerrAscend Corp.

Special meeting for share consolidation set for Aug 24, 2026; record date June 30; proxy deadline Aug 20.
Consolidation ratio range: 1 post-split share for every 5 to 20 pre-split shares, at board's discretion.
Company states uplisting to major U.S. exchange is next step after recent regulatory progress.
Segment reporting recast: New Jersey, Maryland, Pennsylvania now separate reportable segments.
Recast of historical 2023-2025 annual and Q1 2026 segment data; no impact on prior financials.

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