TerrAscend Corp.
For the period ended Apr 28, 2025. Filed Apr 28, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Apr 28, 2025 · Filed Apr 28, 2025
Contents
Voting Thresholds Required for Approval
In order to approve a motion proposed at the Meeting, the affirmative vote of a simple majority of the votes cast by TerrAscend shareholders present virtually or represented by proxy and entitled to vote at the Meeting will be required (an “Ordinary Resolution”). In the case of the approval of the Option Amendment Resolution (as defined below), as required by the rules of the TSX, the votes attached to Common Shares held by insiders of the Corporation holding any Options subject to the amendment will be excluded from the vote. The following table summarizes the type of resolution needed to approve each proposal outlined below:
| Proposal | Type of Resolution | Voting Options | Effect of Broker Non-Votes | Board Recommendation |
|---|---|---|---|---|
| Proposal No. 1: Re-election of the Corporation’s Board until the close of the next annual meeting of Shareholders | Ordinary Resolution | FOR or WITHHOLD | No effect | FOR all nominees |
| Proposal No. 2: Re-appointment of MNP LLP, Chartered Professional Accountants, as auditor and independent registered public accounting firm of the Corporation at remuneration to be fixed by the Board ("Proposal No. 2"). | Ordinary Resolution | FOR or WITHHOLD | No effect | FOR |
| Proposal No. 3: Approval of the Option Amendment Resolution | Ordinary Resolution (with votes attached to Common Shares | FOR or AGAINST | No effect | FOR |
held by insiders of the Corporation holding Options subject to this amendment being excluded from the vote)
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