TerrAscend closes $52,500,000 private placement financing

TerrAscend Corp. (CSE: TER) announces that it has closed the previously announced non-brokered private placement whereby funds advised by JW Asset Management, LLC, Canopy Growth Corporation and Canopy Rivers Corporation acquired from TerrAscend, an aggregate of 47,727,273 units of the Company at a price per unit of $1.10 for aggregate gross proceeds of approximately $52,500,000.