TerrAscend Corp.
For the period ended Mar 31, 2025. Filed May 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 8, 2025
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
On August 20, 2024, the Board approved a share repurchase program to repurchase up to $10,000 of Common Shares. The share repurchase program authorizes the Company to repurchase up to 10,000,000 Common Shares of the Company at any time, or from time to time, from August 22, 2024 until August 21, 2025. The share repurchase program authorizes the Company to repurchase up to 65,361 Common Shares daily, which represents 25% of the Company’s average daily trading volume on the TSX of 261,445 Common Shares. Any repurchases under the program may be made by means of open market transactions, negotiated block transactions, or otherwise, including pursuant to a repurchase plan administered in accordance with Rules 10b5-1 and 10b-18 under the Securities Exchange Act of 1934, as amended. The size and timing of any repurchases will depend on price, market and business conditions, and other factors. During the first quarter of 2025, the Company repurchased Common Shares as set forth below:
| Period | Total Number of Common Shares Purchased | Weighted Average Price Paid per Share | Total Number of Common Shares as Part of a Publicly Announced Program | Number of Common Shares that may yet be Purchased under the Program |
|---|---|---|---|---|
| January 1 through January 31, 2025 | — | $— | — | 9,763,100 |
| February 1 through February 28, 2025 | — | $— | — | 9,763,100 |
| March 1 through March 31, 2025 | 507,500 | $0.45 | 507,500 | 9,255,600 |
| For the Quarter Ended March 31, 2025 | 507,500 | $0.45 | 507,500 | 9,255,600 |
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