TerrAscend Announces Leadership Changes and Appoints Jason Ackerman Interim CEO

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[{"type":"text","content":"\n\n\n\nTerrAscend Announces Leadership Changes and Appoints Jason Ackerman Interim CEO\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Jan. 28, 2020\n\n\n\nMichael Nashat to step down as CEO and remain on Board\nMove solidifies Company's emphasis on its rapidly scaling U.S. Retail, Manufacturing, and Distribution Operations\n TORONTO, Jan. 28, 2020 /CNW/ - TerrAscend Corp. (CSE: TER; OTCQX: TRSSF) (\"TerrAscend\" or \"the Company\"), the first and only global cannabis company licensed for sales in the U.S., Canada, and the EU, today announced changes to its leadership team. Jason Ackerman, Executive Chairman of the Company, has been named interim CEO, replacing Michael Nashat, who will continue to serve as a member of the Company's Board of Directors and act as a strategic advisor to the Company. The changes are effective immediately.\n\n \n \n\n \nAs a Co-founder and leader of TerrAscend since its inception, Nashat is stepping down as the Company expands its U.S. footprint. Michael and the Company's Board have agreed that a U.S.-based leadership and operations team is necessary to align the Company's efforts and resources across the rapidly expanding U.S. market. Both Michael and the Board are confident that Jason Ackerman is ready to lead those efforts given his strength in operations and discipline in building businesses.\n\"While it was a difficult decision, I believe given TerrAscend's premier operating assets in the United States, it is now time for me to step into an advisory role and let new U.S.-based management guide TerrAscend as they expand and scale,\" said Michael Nashat. \"Jason's experience in omnichannel retail, distribution and operations are skills that TerrAscend will lean on as it enters this new growth phase. In my time working alongside Jason, it is clear that he is the right person to take on this role, and as a large shareholder, I believe this is what is best for securing TerrAscend's future. I look forward to continuing to advise the Company in my board position and as a strateg...

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