representative work

TerrAscend Advances TSX Listing


On April 20, 2023, TerrAscend Corp. announced further details of the internal reorganization required for TerrAscend’s proposed listing of its common shares on the Toronto Stock Exchange. TerrAscend Growth Corp., a subsidiary of TerrAscend, entered into a subscription agreement with an investor pursuant to which the investor subscribed for $1 million of class A shares of TerrAscend Growth. The closing of the investment is expected to occur following a shareholder meeting on June 22, 2023.

TerrAscend currently holds class B shares of TerrAscend Growth which represents 100% of the issued and outstanding shares of TerrAscend Growth. The class B shares will automatically be exchanged for non-voting non-participating exchangeable shares of TerrAscend Growth immediately upon the issuance of the class A shares to the investor.

Cassels is acting for TerrAscend.

RELATED EXPERTISE: Securities | Cannabis