Michael Nashat, President and Chief Executive Officer, stated, “We…seek to build a presence in the U.S. market, broaden investor access to our shares and further create shareholder value.”
TerrAscend operates through its wholly-owned subsidiaries, TerrAscend Canada Inc., o/a Solace Health; Solace Health Network Inc., a clinical support program and education platform led by healthcare professionals; and Solace Health, the online marketplace for the licensed producer.
TerrAscend will participate in the now-legal adult-use market in Canada through direct and indirect supply agreements in several provinces. It holds a partnership with leading researchers in Ascendant Labs, a cannabis biotechnology and licensing company working to improve the cannabis plant.
To qualify for the OTCQX market, companies must meet certain financial standards, follow certain corporate governance practices, demonstrate compliance with U.S. securities laws, be current in their disclosures, and have a professional third-party sponsor introduction.