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, TerrAscend 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 was the first cannabis company with sales in the US, Canada, and Europe. TerrAscend operates a number of synergistic businesses, including The Apothecarium, an award-winning cannabis dispensary with several retail locations in California; Arise Bioscience Inc., a manufacturer and distributor of hemp-derived products; Ilera Healthcare, Pennsylvania’s premier medical marijuana cultivator, processor and dispenser; and Valhalla Confections, a manufacturer of premium cannabis-infused edibles. TerrAscend holds a cultivation permit in the State of New Jersey and is pending approval for a vertically integrated medical cannabis operation with the ability to operate up to 3 Alternative Treatment Centers. Additionally, TerrAscend holds a Medical Cannabis Processor License in the State of Utah.

PORTFOLIO


TEAM


Executive Leadership Team

Jason Ackerman — CEO, 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.

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.

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.

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.

Keith Stauffer — Chief Financial Officer

Mr. Stauffer has over 25 years of experience as a business executive holding various senior finance and leadership roles across multiple industries. Most recently, Mr. Stauffer served as Senior Vice President of Finance and Chief Financial Officer of the Global Consumer Beauty Division at Coty, Inc. Prior to his role at Coty, Mr. Stauffer spent 10 years at The Hershey Company holding various senior financial positions, including  Vice President of Finance and Chief Financial Officer for Hershey’s International business, leading Corporate FP&A and Internal Audit. Prior to Hershey, Mr. Stauffer held various finance positions, both domestically and internationally, at Dell Technologies and Procter & Gamble.

Board of Directors

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.

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.

Michael Nashat — Director and Co-Founder

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


Press Releases & News

Download our Investor Presentation

Analyst Coverage

Firm Analyst Phone Email
Clarus Securities Noel Atkinson, CFA (416) 343-3352 natkinson@clarussecurities.com
AltaCorp Capital Kenric S. Tyghe (647) 776-8249 ktyghe@altacorpcapital.com
Craig-Hallum Eric Des Lauriers, CFA (617) 275-5177 eric.deslauriers@craig-hallum.com
Ladenburg Thalmann Glenn G. Mattson (212) 409-2073 gmattson@ladenburg.com

Events

Past

Date: May 29, 2020
Replay: (416) 764-8677 or (888) 390-0541
Replay Code: 330066
Available until 12:00 midnight Eastern Time Friday, June 12th, 2020

Date: May 12, 2020
Location: Virtual
Details: Jason Ackerman, CEO and Executive Chairman, presented at Canaccord Genuity’s Global Cannabis Conference.

Date: April 24, 2020
Replay: (416) 746-8677 or (888) 390-0541
Replay Code: 459450
Available until 12:00 midnight Eastern Time Friday, May 8th, 2020

Title: TerrAscend in the News: CNBC Squawk Alley
Date: April 14, 2020
Details: Jason Ackerman, CEO of TerrAscend, spoke with CNBC’s “Squawk Alley” about his new role as permanent CEO of TerrAscend, the cannabis market, as well as supply chain and grocery delivery challenges amid the COVID-19 pandemic.

Date: January 14, 2020
Location: Toronto, ON
Details: Jason Ackerman, Executive Chairman, spoke in a Fireside Chat at 2pm at the AltaCorp/ATB 8th Annual Institutional Investor Conference in Toronto.

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BUSINESS DEVELOPMENT


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Chairman Jason Wild on TerrAscend’s commitment to standardization and quality assurance
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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