TERRA-HOMEPAGE-resized

Grounded in science, elevating the standard

We are a global cannabinoid company, committed to growth through scientific innovation and operational integrity.

ABOUT TERRASCEND


TerrAscend provides quality products, brands, and services to the global cannabinoid market. As the first North American Operator (NAO), with scale operations in both Canada and the US, the Company participates in the medical and legal adult use market across Canada and in several US states where cannabis has been legalized for therapeutic or adult use. TerrAscend is the first and only cannabis company with sales in the US, Canada, and Europe as it has received EU GMP certification for its manufacturing facility in Mississauga, Ontario. TerrAscend operates a number of synergistic businesses, including The Apothecarium, an award-winning cannabis dispensary with several retail locations in California and Nevada; Arise Bioscience Inc., a manufacturer and distributor of hemp-derived products; Ilera Healthcare, Pennsylvania’s premier medical marijuana cultivator, processor, and dispenser; Ascendant Laboratories Inc., a biotechnology and licensing company committed to the continuous improvement of cannabinoid expressing plants; Solace RX Inc., a proposed Drug Preparation Premises (DPP) focused on the development of novel formulations and delivery forms; and Valhalla Confections, a manufacturer of premium cannabis-infused edibles. Additionally, TerrAscend has been chosen by the state of New Jersey to be one of six permit applicants for a vertically integrated medical cannabis operation.

CEO Michael Nashat on what inspires him
Chairman Jason Wild on our commitment to quality

PORTFOLIO


TEAM


Executive Leadership Team

Jason Ackerman — Executive Chairman

Jason Ackerman was appointed to the TerrAscend Board of Directors and named to the role of Executive Chairman in November 2019. Jason is the founder of FreshDirect, a pure-play home delivery grocer that pioneered e-commerce in the US, defining a unique and profitable operating model that is customer-centric, hyper-fresh, focused on relationships with producers, and technologically innovative. Over 20 years he served various senior roles including President, CFO and CEO & Chairman. More recently in 2016, Jason also founded Foodkick, where he designed and assembled a team to build a new same-day hourly service. Jason has deep knowledge of retail e-commerce, especially in online grocery strategy and logistics across the spectrum of pure-play to brick-and-mortar retailers. He has strong experience operationalizing strategy – be it with org structure & talent, technology vision, or go-to market (marketing and product development). Jason is also experienced in operations and logistics topics, including design networks, picking methods (and related technologies) and last mile delivery. He is a consumer centric thinker and firmly believes in metric-driven management. He is a Senior Advisor at The Boston Consulting Group and actively involved in digital transformation and strategies.

Michael Nashat — CEO, Co-Founder and Director

TerrAscend’s co-founder and CEO, Dr. Michael Nashat, Pharm. D., has over 12 years of experience in patient care, quality assurance, medical and regulatory affairs and R&D. Prior to co-founding TerrAscend, Dr. Nashat cofounded and was the Executive Director of OnPharm Independent Pharmacy Group, the largest independent non banner group in Canada with over 500 pharmacies. Dr. Nashat is a former board member of the Canadian Association of Chain Drug Stores, Ontario College of Pharmacists and the Canadian Foundation for Pharmacy. Dr. Nashat is a former member of the Ontario Ministry of Health and Long Term Care’s Pharmacy Council and the former Vice Chair of the Ontario Pharmacists Association’s Owners Advisory Council. Dr Nashat received his Doctor of Pharmacy Magna Cum Laude from the Albany College of Pharmacy and Health Sciences and completed his Post-Doctoral Fellowship in Neuroscience Medical Strategy at Rutgers University and Bristol-Myers Squibb.

Adam Kozak — Chief Financial Officer

Adam Kozak brings a wealth of experience from Loblaw Companies Limited.  During his 10-year tenure, Adam led initiatives in mergers and integration, process re-engineering and analytics. Prior to Loblaw, Adam also held positions at Deloitte and Wormald Masse Keen Lopinski.

Brian Feldman — General Counsel

Brian has 20+ years of experience advising on investments, transactions, securities regulation, and compliance. Prior to joining TerrAscend, Brian held positions at Sound Point Capital Management and Fried Frank, Harris, Shriver & Jacobson.

Heather Molloy — EVP, Chief Strategy Officer

Ms. Molloy joined the Company in May 2018 and has played an integral role in executing the Company’s growth strategy. She led the Company’s Arise Bioscience, The Apothecarium, State Flower and Ilera Healthcare transactions, and will oversee the strategic integration of those businesses into the Company with the guidance of Jason Ackerman. Ms. Molloy has extensive experience in the cannabis market and over 20 years prior experience in finance, structured credit, capital markets and investing, having spent most of her career at Swiss Re.

Joanna Halligan — VP, Human Resources

Joanna has over 12 years of human resources, operational execution and strategic leadership experience within retail and manufacturing sectors. She has worked extensively with investment professionals of private equity in leading change management in M & As, execution of multi-faceted strategic growth, talent acquisition, policies and governance. A strong partner, who values the importance of the individual as well the team fostering development through strong, meaningful strategies.

Board of Directors

Jason Wild — Chairman

Jason Wild is the President and Chief Investment Officer of JW Asset Management, LLC, and the advisor for five investment partnerships with approximately $1 billion in assets under management. Mr. Wild received his license as a pharmacist in 1997, and subsequently founded JW Asset Management, LLC in 1998. The firm has a strong history of finding opportunities within the healthcare sector. He is a graduate of the Arnold and Marie Schwartz College of Pharmacy. Mr. Wild is the Chairman of the Board of TerrAscend Corp. and Arbor Pharmaceuticals. He is a board member of Vensun Pharmaceuticals and Vitruvias Therapeutics. Funds managed by JW Asset Management, LLC are the largest shareholders in TerrAscend Corp. Mr. Wild is also a board member of NETA NJ LLC where he will be actively involved in planning and directing the organization’s strategic and long-range goals.

Jason Ackermen — Executive Chairman

Jason Ackerman was appointed to the TerrAscend Board of Directors and named to the role of Executive Chairman in November 2019. Jason is the founder of FreshDirect, a pure-play home delivery grocer that pioneered e-commerce in the US, defining a unique and profitable operating model that is customer-centric, hyper-fresh, focused on relationships with producers, and technologically innovative. Over 20 years he served various senior roles including President, CFO and CEO & Chairman. More recently in 2016, Jason also founded Foodkick, where he designed and assembled a team to build a new same-day hourly service. Jason has deep knowledge of retail e-commerce, especially in online grocery strategy and logistics across the spectrum of pure-play to brick-and-mortar retailers. He has strong experience operationalizing strategy – be it with org structure & talent, technology vision, or go-to market (marketing and product development). Jason is also experienced in operations and logistics topics, including design networks, picking methods (and related technologies) and last mile delivery. He is a consumer centric thinker and firmly believes in metric-driven management. He is a Senior Advisor at The Boston Consulting Group and actively involved in digital transformation and strategies.

Michael Nashat — CEO, Co-Founder and Director

TerrAscend’s co-founder and CEO, Dr. Michael Nashat, Pharm. D., has over 12 years of experience in patient care, quality assurance, medical and regulatory affairs and R&D. Prior to co-founding TerrAscend, Dr. Nashat cofounded and was the Executive Director of OnPharm Independent Pharmacy Group, the largest independent non banner group in Canada with over 500 pharmacies. Dr. Nashat is a former board member of the Canadian Association of Chain Drug Stores, Ontario College of Pharmacists and the Canadian Foundation for Pharmacy. Dr. Nashat is a former member of the Ontario Ministry of Health and Long Term Care’s Pharmacy Council and the former Vice Chair of the Ontario Pharmacists Association’s Owners Advisory Council. Dr Nashat received his Doctor of Pharmacy Magna Cum Laude from the Albany College of Pharmacy and Health Sciences and completed his Post-Doctoral Fellowship in Neuroscience Medical Strategy at Rutgers University and Bristol-Myers Squibb.

Richard Mavrinac — Director

Richard Mavrinac held positions as CFO for George Weston Limited and Executive VP of Loblaw Companies and has extensive expertise in public company finance and strategy.

Craig Collard — Director

Craig Collard is the CEO of Veloxis Pharmaceuticals, a commercial-stage specialty pharmaceutical company committed to improving the lives of transplant patient and has over 20 years of experience in the pharmaceutical industry. Mr. Collard has a proven track-record of leadership, managing organizational change, and driving successful merger and acquisition activity. Prior to Veloxis, Mr. Collard was the Founder and CEO of Cornerstone Therapeutics, a company focused on hospital, respiratory and adjacent specialty markets.

Lisa Swartzman — Director

Lisa has 20+ years of experience in manufacturing, distribution, and retail, previously holding senior financial positions with some of Canada’s largest publicly-traded corporations. A strategic thinker with diverse experience in leading growth, Lisa has advised mid-market privately held companies in both the United States and Canada. Lisa holds a BA (Economics) from Western University, and an MBA from Queen’s University, and also holds the Institute of Corporate Directors ICD.D (Certified Director) designation.

INVESTOR CENTRE


Investor Day Webcast

Press Releases & News

Download our Investor Presentation

Analyst Coverage

Firm Analyst Phone Email
Clarus Securities Noel Atkinson, CFA (416)-343-3352 natkinson@clarussecurities.com
GMP Securities Robert Fagen (514)-288-0318 rfagen@gmpsecurities.com

Events

Past

Date: November 12, 2019
Location: Boston, MA

Date: October 30, 2019
Location: New York, NY
Details: Heather Molloy presented

Date: October 3, 2019
Location: Toronto, ON
Details: Heather Molloy presented
Featured Presentation: Click here

Date: October 2, 2019
Location: Toronto, ON
Details: Jason Wild fireside chat with Narbe Alexandrian, President & CEO of Canopy Rivers, titled “TerrAscend’s Expansion Strategy – Path to Becoming a Top Five MSO”

Date: September 19, 2019
Location: Toronto, ON

Date: June 28, 2019
Location: Los Angeles, CA
Details: Heather Molloy presented

Date: June 26, 2019
Location: San Francisco, CA
Details: Heather Molloy presented

Date: June 16-18, 2019
Location: Saint John NB
Details: Michael Nashat presented

Date: June 6, 2019
Location: New York, NY
Details: Jason Wild on panel, “Evolution of the U.S. Market”

Date: April 25, 2019
Location: Toronto, ON
Details: TerrAscend hosts Investor Day to share an in-depth look into business goals, strategy and operations in Canada and the U.S.

Date: April 16, 2019
Location: Toronto, ON
Details: Michael Nashat presented, Jason Wild spoke on panel
Featured Presentation: Click here

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BUSINESS DEVELOPMENT


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The Apothecarium’s CEO Ryan Hudson on choosing TerrAscend as a partner
Heather Molloy, EVP Business Development, on how we think about BD

CANADIAN FACILITY


EU-GMP certified

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67,300 sq ft facility strategically located in Mississauga

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Premium hydroponic cultivation

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Sterile & non-sterile drug compounding capabilities

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Lab tested to the highest standards

CAREERS


We’re growing fast and looking for top talent to join our team. Click on a link below to submit your application.

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