Mr. Keith Stauffer reports

TERRASCEND CELEBRATES THE OPENING OF ITS NEW DETROIT DISPENSARY, GAGE 313

Terrascend Corp. has opened its new Detroit dispensary, Gage 313. Located at 14239 8 Mile Road, Detroit, MI 48235, GAGE 313 is now open for patients and adult-use consumers.

GAGE 313 is TerrAscend's third Detroit location, bringing the same best-in-class experience as its other dispensaries throughout the state. Customers can curate their personal cannabis exploration with the help of dedicated staff members and a rich product portfolio, which includes offerings from Cookies, GAGE, Kind Tree, Legend, and Lemonnade, along with products offered by local minority-owned brands.

"We are thrilled to welcome GAGE 313 into our Michigan lineup of dispensaries," said Jason Wild, Executive Chairman of TerrAscend. "Adding our 20th store deepens our commitment to lead the market in Michigan. We continue to invest in the Midwest region to reach new customers with an eye on driving efficiency and profitability."

The dispensary welcomes Michiganders to a grand opening celebration on May 31 st and June 1 st . The special two-day event will feature a ribbon-cutting ceremony led by Councilman James Tate, Deputy Mayor Todd Bettison, and Director of the Office of Marijuana Kim James, at 9 am on Friday, May 31 st , followed by a food truck and vendors on site all afternoon and a DJ playing from 3 to 7 pm. The party continues Saturday, June 1 st , with an exclusive meet and greet with rapper and record producer Trick Trick, from 4:30 to 5:30 pm. The weekend also includes giveaways, discounts, and prizes for patients and adult-use consumers.

GAGE 313 is the latest example of TerrAscend's commitment to the Michigan cannabis community. The Company operates 20 retail locations statewide, three in the greater Detroit area, including Cookies (6030 8 Mile Rd, Detroit, MI 48234) and Lemonnade Centerline (24729 Sherwood Ave, Center Line, MI 48015). To learn more about TerrAscend's retail locations and product offerings in Michigan, please visit https://terrascend.com/ .

About TerrAscend Corp.

TerrAscend is a leading TSX-listed cannabis company with interests across the North American cannabis sector, including vertically integrated operations in Pennsylvania, New Jersey, Maryland, Michigan, and California through TerrAscend Growth Corp. and retail operations in Canada through TerrAscend Canada, Inc. ("TerrAscend"). TerrAscend operates The Apothecarium, Gage, 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 Gage Cannabis, The Apothecarium, Cookies, Lemonnade, Ilera Healthcare, Kind Tree, Legend, State Flower, Wana, and Valhalla Confections. For more information visit www.terrascend.com.

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