Canopy Growth recognizes TerrAscend trading on Toronto Stock Exchange

Canopy Growth (CGC) recognized the successful commencement of trading of TerrAscend Corp. (TRSSF) on the Toronto Stock Exchange on July 4, 2023 under the new ticker symbol “TSND”. Canopy USA’s conditional ownership stake in TerrAscend is approximately 18%, representing an aggregate market value of approximately CAD$155 million based on TerrAscend’s closing stock price on July 4, 2023. “We applaud TerrAscend on their transformative TSX listing, a testament to their innovating spirit and recent growth while strengthening their balance sheet as well as becoming cash flow positive,” said David Klein, CEO, Canopy Growth. “TerrAscend is an important part of the Canopy USA ecosystem, which is already facilitating brand collaboration to drive entry into new markets and product assortment expansion in existing markets. We look forward to continuing to support their success and working together to capitalize on a once-in-a-generation U.S. market opportunity.”