Mr. Ziad Ghanem reports

TERRASCEND SCHEDULES SPECIAL MEETING OF SHAREHOLDERS IN PREPARATION FOR U.S. STOCK EXCHANGE UPLISTING

Terrascend Corp. has filed a notice to hold a special meeting of shareholders on Aug. 24, 2026, to approve a share consolidation of the company's common shares. The record date for the special meeting is June 30, 2026. Further details regarding the share consolidation, including the proposed consolidation ratio and related information, will be provided in the management information circular to be filed with the SEC (Securities and Exchange Commission) and on SEDAR+ in advance of the special meeting.

The share consolidation is intended to position the company to meet share price criteria established by major United States stock exchanges and the company's board of directors believes it is prudent to take the steps necessary to be prepared to act on that opportunity when it arrives.

"The regulatory progress that has occurred over the past several months is real and meaningful. We believe uplisting to a major U.S. exchange is no longer a question of if, it is a question of when," said Jason Wild, executive chairman of Terrascend. "We have been positioning the company for this moment since 2022 when we became an SEC filer. More recently, we have been in consultation with the U.S. stock exchanges. This shareholder vote is an important step, and we look forward to sharing additional details ahead of the meeting."

About Terrascend Corp.

Terrascend is a leading Toronto Stock Exchange-listed cannabis company with interests across the North American cannabis sector, including operations in Pennsylvania, New Jersey, Maryland, Ohio and California through Terrascend Growth Corp. and retail operations in Canada. Terrascend operates The Apothecarium 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 The Apothecarium, Cookies, Ilera Healthcare, Kind Tree, Legend, State Flower, Wana and Valhalla Confections.

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