TerrAscend shareholders approve share consolidation; renews $10M buyback

TerrAscend Corp.

Shareholders approved consolidation of common, exchangeable, and preferred shares at 1-for-5 to 1-for-20 ratio; board sets exact ratio before Aug 24, 2027.
Vote: 143,095,552 for, 935,318 against, 141,435 abstentions; 144,172,305 shares represented.
Board renewed NCIB to repurchase up to 10,000,000 common shares or USD$10M over 12 months from Aug 24, 2026 to Aug 23, 2027 (~3.23% of outstanding).
Previous NCIB bought 653,500 shares at avg $0.64 (CAD$0.89) for ~$417,371; new program replaces it.
Daily repurchase cap 58,784 shares (25% of avg daily volume on TSX of 235,136).

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