TerrAscend Corp.

As an “emerging growth company,” TerrAscend is required to provide a Summary Compensation Table and an Outstanding Equity Awards at Fiscal Year End Table, as well as limited narrative disclosures regarding executive compensation for our last completed fiscal year. These reporting obligations extend only to our “named executive officers”, who are (i) the individuals who served as our principal executive officer, (ii) our two other most highly compensated executive officers other than the principal executive officer, and (iii) up to two additional individuals for whom disclosure would have been required but for the fact that the individual was not serving as one of our executive officers during the last completed fiscal year (the “Named Executive Officers” or “NEOs”).

Each of the NEOs are employed in their respective role for an indefinite period of time, in accordance with each NEO’s employment agreement as outlined in “Compensation of Named Executive Officers”. All arrangements for NEOs are as outlined in their respective employment agreement and as otherwise determined by the Board.

For the financial year ended December 31, 2024, the Corporation’s Named Executive Officers were:

(1) As of the date of this Circular.

(2) Mr. Ghanem was appointed President and Chief Operating Officer on January 5, 2022, and was appointed as President and Chief Executive Officer on March 29, 2023.

(3) Ms. Gefen joined the Corporation as Chief Legal Officer and Corporate Secretary on May 23, 2022 and was appointed as Chief People Officer on November 12, 2024, in addition to her existing role as Chief Legal Officer and Corporate Secretary.

The following disclosure outlines the Corporation’s pay decisions in 2024 for the NEOs and directors and provides context for the data presented in the accompanying compensation tables.