M&A - TerrAscend Corp.

Form Type: 8-K

Filing Date: 2025-05-08

Corporate Action: Acquisition

Type: New

Accession Number: 000095017025066973

Filing Summary: On May 8, 2025, TerrAscend Corp. reported its financial results and business highlights for the first quarter of 2025. Additionally, the company announced an acquisition of certain assets from Ratio Cannabis, LLC as part of a series of asset purchase agreements dated March 14, 2025. The acquisition was made on May 6, 2025, where TerrAscend issued 4,570,637 common shares at a price of $0.29 per share, totaling $1,320,000. This transaction qualifies under exemptions from registration provided by Section 4(a)(2) of the Securities Act and certain provisions of MI 61-101 due to the fair market value of insider participation being below 25% of the company's market capitalization. A press release detailing these results was released on the same date.