Mr. Ziad Ghanem reports

TERRASCEND ANNOUNCES CHIEF FINANCIAL OFFICER TRANSITION PLAN

Terrascend Corp.'s Keith Stauffer, chief financial officer, will be departing the company on July 18, 2025, to pursue a career opportunity outside of the cannabis industry. Mr. Stauffer will remain in his role through the transition period to ensure a smooth handover. Effective upon his departure, Alisa Campbell, currently senior vice-president, corporate finance and accounting, will assume leadership of the company's accounting and finance function on an interim basis, reporting to Ziad Ghanem, president and chief executive officer. A comprehensive search for a permanent CFO is under way.

Ms. Campbell, who joined Terrascend in 2020, brings over 20 years of financial leadership experience. She worked closely with Mr. Stauffer and was integral in building the company's financial infrastructure, including the company's recent ERP (enterprise resource planning) implementation. Ms. Campbell has led many areas of financial management at the company, including accounting, reporting, tax, treasury, financial planning and analysis (FP&A), and operations.

"On behalf of the board and the entire Terrascend team, I want to thank Keith for his leadership and contributions over the past five years. He played a pivotal role in strengthening our financial foundation, driving strategic growth and navigating the complexities of the cannabis industry. He assembled a highly experienced team and implemented industry-leading financial and operating controls to support our future growth. We wish him continued success in his next chapter," stated Jason Wild, executive chairman of Terrascend.

"I am deeply grateful to the leadership team, our employees, and the board for their trust and support over the years," said Mr. Stauffer. "This decision was not easy, but I was presented with an opportunity I could not turn down. I am committed to supporting a smooth transition and look forward to following the company's success as both an investor and a friend."

Ziad Ghanem, president and chief executive officer of Terrascend, added: "I have full confidence in Alisa's leadership and abilities. She has been instrumental in shaping our financial strategy, and has partnered closely with Keith and I to build a strong financial foundation at Terrascend. Her deep knowledge of our operations, supported by a strong bench, will ensure continuity as we move forward."

About Terrascend Corp.

Terrascend is a leading Toronto Stock Exchange-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, 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 licences several synergistic businesses and brands, including Gage Cannabis, The Apothecarium, Cookies, Lemonnade, Ilera Healthcare, Kind Tree, Legend, State Flower, Wana and Valhalla Confections.

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