TerrAscend Launches $10M Share Repurchase Program Amid Strong Q2 Results
TerrAscend Corp. (TSX:TSND) (OTC:TSNDF), a leading cannabis operator with headquarters in Canada, announced Tuesday the authorization of a $10 million share repurchase program. This marks the first stock buyback initiative by TerrAscend, authorized by its Board of Directors under a normal course issuer bid (NCIB).
TerrAscend’s Share Buyback Details
The program allows the repurchase of up to 10 million shares, about 5% of the public float, within a year, starting August 22, 2024. The share buyback will take place on the Toronto Stock Exchange, the OTCQX Best Market or other alternative trading systems, adhering to the limitations and rules imposed by U.S. and Canadian securities regulations. Despite the allowance to buy back shares, …