Mr. Jason Wild reports

TERRASCEND APPLAUDS GOVERNOR SHAPIRO'S PRIORITIZATION OF ADULT-USE CANNABIS LEGALIZATION IN PENNSYLVANIA

Terrascend Corp. celebrates Governor Shapiro for his official endorsement of Pennsylvania's adult-use cannabis program. Per his announcement yesterday, Governor Shapiro proposed the legalization of adult-use cannabis in the Keystone State effective July 1 for possession and consumption, with full adult-use sales commencing Jan. 1, 2025.

"What an important day for the citizens of the commonwealth," said Jason Wild, executive chairman of Terrascend. "With the governor's support, we are one step closer to expanding our offerings to adult-use consumers in what we expect will be Terrascend's largest market. Our team can't wait to introduce our world-class genetics, brands and retail experience to Pennsylvania's adult-use consumers."

Entering the Pennsylvania medical marijuana market in 2019, Terrascend cultivates, manufactures and distributes Kind Tree, Legend, Valhalla, Gage and Ilera cannabis offerings to medical patients throughout the state. The company currently operates six dispensaries across the state, as well as its largest cultivation and production facility.

About Terrascend Corp.

Terrascend is a leading Toronto Stock Exchange-listed cannabis company with interests across the North American cannabis sector, including vertically integrated operations in Pennsylvania, New Jersey, Maryland, Michigan and California through Terrascend Growth Corp. and retail operations in Canada through Terrascend Canada Inc. Terrascend operates The Apothecarium, Gage and other dispensary retail locations, as well as scaled cultivation, processing and manufacturing facilities in its core markets. Terrascend's cultivation and manufacturing practices yield consistent, high-quality cannabis, providing industry-leading product selection to both the medical and legal adult-use markets. The company owns or licenses several synergistic businesses and brands including Gage Cannabis, The Apothecarium, Cookies, Lemonnade, Ilera Healthcare, Kind Tree, Legend, State Flower, Wana and Valhalla Confections.

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