On June 23, 2026, TerrAscend Corp. completed its private placement offering of senior secured convertible debentures in the aggregate principal amount of US$21.7 million. In connection with the closing, TerrAscend issued an aggregate of 21,702 senior secured convertible debentures at a price of US$1,000 per debenture for aggregate gross proceeds of US$21.7 million. TerrAscend used approximately US$11.1 million of the gross proceeds to retire its existing senior unsecured convertible debentures. The debentures are secured by a second lien on certain assets of TerrAscend’s U.S. business.
Cassels acted for TerrAscend.