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TerrAscend Announces Second Tranche Closing of Private Placement Offering


On November 7, 2019, TerrAscend Corp. announced that it closed the second tranche of a previously announced non-brokered private placement offering of units of TerrAscend for additional gross proceeds of approximately $4.76 million. Each unit is comprised of one unsecured convertible debenture and 25.2 common share purchase warrants.

Cassels represented TerrAscend with a deal team that included Sean Maniaci, Jamie Litchen, Jonathan Sherman, Kyle Simpson and James Lyle (Securities and Cannabis), and James Morand (Taxation and Cannabis).

RELATED EXPERTISE: Business | Cannabis | Taxation