At a virtual special meeting on August 24, 2026, TerrAscend Corp. (TSNDF) shareholders overwhelmingly approved a share consolidation — essentially a reverse stock split — covering its common, exchangeable, and preferred shares. The exact ratio isn't set yet: the board can pick anywhere from 1-for-5 up to 1-for-20, with a hard deadline of August 24, 2027. Roughly 143.1 million shares voted in favor versus just 0.94 million against (plus about 141,000 abstentions), out of about 144.2 million shares represented — nearly half of the roughly 309.2 million shares outstanding. One detail worth flagging: any fractional shares created by the consolidation will be cancelled with no compensation.
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