Le Lézard
Classified in: Business
Subjects: TNM, MAT

Chairman Jason Wild Acquires Shares of TerrAscend


NEW YORK, Nov. 25, 2019 /CNW/ - On November 22, 2019 Jason Wild, Chairman of TerrAscend Corp. (CSE: TER; OTCQX: TRSSF) ("TerrAscend") acquired for his own account 97,900 shares of TerrAscend at a price of Cdn$3.53 per share. Mr. Wild is the principal of JW Asset Management Inc. which advises JW Funds, (consisting of JW Partners, LP, JW Opportunities Master Fund, Ltd., and Pharmaceutical Opportunities Fund, LP 2018). Mr. Wild purchased the shares for investment purposes.

Before the Transaction, JW exercised control or direction over: (a) 3,235,547 common shares of TerrAscend; (b) 63,657.890 PVS convertible into 63,657,890 common shares of TerrAscend; (c) 8,590,908 warrants to acquire 8,590.908 PVS (convertible into 8,590,908 common shares); and (d) 1,000,000 options to acquire 1,000,000 common shares of which 1/3 have vested as of the date hereof, representing 6.1% of the issued and outstanding common shares of the TerrAscend (60.3% on a partially diluted basis) and 90.5% of the issued and outstanding PVS (91.5% on a partially diluted basis).

As a result of the Transaction, Jason Wild and JW exercise control or direction over: (a) 3,333,447 common shares of TerrAscend; (b) 63,657.890 PVS convertible into 63,657,890 common shares of TerrAscend; (c) 8,590,908 warrants to acquire 8,590.908 PVS (convertible into 8,590,908 common shares); and (d) 1,000,000 options to acquire 1,000,000 common shares of which 1/3 have vested as of the date hereof, representing 6.0485% of the issued and outstanding common shares of the TerrAscend.

SOURCE JW Asset Management LLC


These press releases may also interest you

at 07:01
Halper Sadeh LLP, a global investor rights law firm, is investigating: Noble Energy, Inc.  concerning potential violations of the...

at 05:00
At the SNEC 14th (2020) International Photovoltaic Power Generation and Smart Energy Exhibition & Conference, Yingli Solar Reaches Strategic Cooperation with a Number of Important Partners....

at 00:00
Gulf Business Machines (GBM), a leading end-to-end digital solutions provider, offering industry-leading digital infrastructure, digital business solutions, security and services, has been recently recognized as one of the best places to work for in...

8 aoû 2020
National Trench Safety, LLC (NTS), a Houston-based company specializing in the rental and sales of trench and traffic safety equipment, along with trench and traffic safety engineering, and OSHA-compliant training classes, announced today the...

8 aoû 2020
Reading International, Inc. ("Reading") announced today that it expects to release its financial results for its second quarter ended June 30, 2020 on Monday, August 10, 2020 before the opening of the U.S. stock markets. Reading plans to post its...

8 aoû 2020
General Dynamics announced today that the negotiating teams from Bath Iron Works and the International Association of Machinists and Aerospace Workers (IAM) Local S6 reached agreement last night on mutually acceptable terms to end the ongoing strike...



News published on 25 november 2019 at 16:14 and distributed by: