TerrAscend Management

Management criteria checks 4/4

TerrAscend's CEO is Ziad Ghanem, appointed in Jan 2022, has a tenure of 2.33 years. total yearly compensation is $1.10M, comprised of 43.7% salary and 56.3% bonuses, including company stock and options. directly owns 0.035% of the company’s shares, worth CA$363.91K. The average tenure of the management team and the board of directors is 2.2 years and 3.5 years respectively.

Key information

Ziad Ghanem

Chief executive officer

US$1.1m

Total compensation

CEO salary percentage	43.7%
CEO tenure	2.3yrs
CEO ownership	0.03%
Management average tenure	2.2yrs
Board average tenure	3.5yrs

Recent management updates

Recent updates

TerrAscend (TSE:TSND) Takes On Some Risk With Its Use Of Debt

Apr 25

What You Can Learn From TerrAscend Corp.'s (TSE:TSND) P/SAfter Its 25% Share Price Crash

Mar 10

TerrAscend Corp.'s (CSE:TER) Earnings Haven't Escaped The Attention Of Investors

Jul 03

TerrAscend (CSE:TER) Is Making Moderate Use Of Debt

Mar 06

Is There An Opportunity With TerrAscend Corp.'s (CSE:TER) 37% Undervaluation?

Dec 21

Some Analysts Just Cut Their TerrAscend Corp. (CSE:TER) Estimates

Aug 14

Is TerrAscend (CSE:TER) Using Too Much Debt?

Jul 15

Is TerrAscend (CSE:TER) Using Too Much Debt?

Nov 03

Time To Worry? Analysts Just Downgraded Their TerrAscend Corp. (CSE:TER) Outlook

Aug 21

CEO Compensation Analysis

How has Ziad Ghanem's remuneration changed compared to TerrAscend's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$1m	US$480k	-US$91m
Sep 30 2023	n/a	n/a	-US$50m
Jun 30 2023	n/a	n/a	-US$342m
Mar 31 2023	n/a	n/a	-US$311m
Dec 31 2022	US$3m	US$412k	-US$304m

Compensation vs Market: Ziad's total compensation ($USD1.10M) is below average for companies of similar size in the Canadian market ($USD1.77M).

Compensation vs Earnings: Ziad's compensation has been consistent with company performance over the past year.

CEO

Ziad Ghanem (45 yo)

2.3yrs

Tenure

US$1,097,671

Compensation

Mr. Ziad Ghanem has been President of TerrAscend Corp. since January 5, 2022 and has been its Chief Executive Officer since Match 29, 2023. He Joined TerrAscend Corp. on January 5, 2022 and served as its C...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jason Wild	Executive Chairman	6.4yrs	US$500.00k	0.95% $ 9.9m
Ziad Ghanem	President & CEO	2.3yrs	US$1.10m	0.035% $ 363.9k
Keith Stauffer	Chief Financial Officer	4.1yrs	US$1.71m	0.10% $ 1.1m
Lynn Gefen	Chief Legal Officer & Corporate Secretary	2yrs	US$626.46k	0.0027% $ 28.0k
David Wheeler	Senior VP & Chief Information Officer	2.2yrs	no data	no data
BJ Carretta	Senior Vice President of Marketing	less than a year	no data	no data
Jeroen De Beijer	Chief People & Culture Officer	1.3yrs	no data	no data

2.2yrs

Average Tenure

51yo

Average Age

Experienced Management: TSND's management team is considered experienced (2.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jason Wild	Executive Chairman	6.4yrs	US$500.00k	0.95% $ 9.9m
Edward Schutter	Director	3.5yrs	US$212.00k	0.30% $ 3.1m
Craig Collard	Lead Independent Director	5.4yrs	US$225.50k	0.19% $ 2.0m
Ira Duarte	Independent Director	1.4yrs	US$225.50k	0.046% $ 476.6k
Kara DioGuardi	Independent Director	2.2yrs	US$212.00k	0.064% $ 666.6k

3.5yrs

Average Tenure

54yo

Average Age

Experienced Board: TSND's board of directors are considered experienced (3.5 years average tenure).

TerrAscend Management

Management criteria checks 4/4

Key information

Recent management updates

TerrAscend Corp., Annual General Meeting, Jun 17, 2024

Chief Financial Officer recently bought CA$99k worth of stock

Director recently sold CA$59k worth of stock

Terrascend Appoints Jeroen De Beijer as Chief People and Culture Officer

TerrAscend Corp. Appoints Ira Duarte to Its Board of Directors

Less than half of directors are independent

Recent updates

Terrascend Corp. Launches Legend Mini Pre-Roll Packs in New Jersey

TerrAscend (TSE:TSND) Takes On Some Risk With Its Use Of Debt

Consensus EPS estimates have been downgraded.

TerrAscend Corp. to Report Q1, 2024 Results on May 09, 2024

TerrAscend Corp., Annual General Meeting, Jun 17, 2024

New minor risk - Shareholder dilution

Full year 2023 earnings: EPS misses analyst expectations

What You Can Learn From TerrAscend Corp.'s (TSE:TSND) P/SAfter Its 25% Share Price Crash

TerrAscend Corp. to Report Fiscal Year 2023 Results on Mar 14, 2024

Revenues Tell The Story For TerrAscend Corp. (TSE:TSND) As Its Stock Soars 25%

TerrAscend Corp. Announces the Expansion of its Valhalla Product Offering to Include One of the First 100Mg Edibles in the Keystone State

New minor risk - Shareholder dilution

Is TerrAscend (TSE:TSND) A Risky Investment?

New minor risk - Shareholder dilution

TerrAscend Corp. Raises Earnings Guidance for 2023

TerrAscend Corp. to Report Q3, 2023 Results on Nov 09, 2023

New minor risk - Shareholder dilution

Consensus EPS estimates fall by 17%

New minor risk - Profitability

TerrAscend (TSE:TSND) Is Carrying A Fair Bit Of Debt

Second quarter 2023 earnings: EPS misses analyst expectations

TerrAscend Corp. Reports Impairment for the Second Quarter Ended June 30, 2023

New minor risk - Profitability

TerrAscend Corp. to Report Q2, 2023 Results on Aug 10, 2023

TerrAscend Corp. (CNSX:TER) acquired Herbiculture Inc. for $8.25 million.

TerrAscend Corp.'s (CSE:TER) Earnings Haven't Escaped The Attention Of Investors

TerrAscend Corp. (CNSX:TER) completed the acquisition of Derby 1, LLC.

TerrAscend Corp. (CNSX:TER) entered into a definitive agreement to acquire Hempaid, LLC for $6.8 million.

TerrAscend Corp. announced that it expects to receive $15 million in funding

TerrAscend Corp. announced that it expects to receive $15 million in funding

TerrAscend Corp. (CNSX:TER) entered into a definitive agreement to acquire Derby 1, LLC for $22.1 million.

An unknown buyer acquired Facility located in Mississauga, Canada from TerrAscend Corp. (CNSX:TER) for CAD19.7 million.

Consensus EPS estimates fall by 800%

First quarter 2023 earnings: EPS misses analyst expectations

Chief Financial Officer recently bought CA$99k worth of stock

Full year 2022 earnings: EPS misses analyst expectations

Director recently sold CA$59k worth of stock

TerrAscend (CSE:TER) Is Making Moderate Use Of Debt

Terrascend Appoints Jeroen De Beijer as Chief People and Culture Officer

TerrAscend Corp. (CNSX:TER) completed the acquisition of Allegany Medical Marijuana Dispensary from Moose Curve Holdings, LLC.

Now 25% undervalued after recent price drop

Is There An Opportunity With TerrAscend Corp.'s (CSE:TER) 37% Undervaluation?

Now 22% undervalued

TerrAscend Corp. Appoints Ira Duarte to Its Board of Directors

Consensus forecasts updated

Consensus EPS estimates fall by 1,223%

Less than half of directors are independent

TerrAscend Corp. to Report Q3, 2022 Results on Nov 14, 2022

Investor sentiment improved over the past week

Terrascend Corp. Announces Executive Changes

TerrAscend Corp. (CNSX:TER) acquired KISA Enterprises MI, LLC and KISA Holdings, LLC.

Consensus revenue estimates fall by 18%

Investor sentiment deteriorated over the past week

Some Analysts Just Cut Their TerrAscend Corp. (CSE:TER) Estimates

Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

TerrAscend Corp. to Report Q2, 2022 Results on Aug 11, 2022

Consensus EPS estimates fall by 21%

Is TerrAscend (CSE:TER) Using Too Much Debt?

Less than half of directors are independent

TerrAscend Corp. Announces Launch of Khalifa Kush

Executive Chairman recently bought CA$89k worth of stock

TerrAscend Corp. (CNSX:TER) acquired Stadium Ventures, LLC.

Consensus EPS estimates fall by 150%

TerrAscend Launches First-Ever Concentrates in New Jersey

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

TerrAscend Appoints Lynn Gefen as Chief Legal Officer

Less than half of directors are independent

TerrAscend Welcomes Adult-Use Sales in New Jersey

TerrAscend Corp. (CNSX:TER) entered into a definitive agreement to acquire KISA Enterprises MI, LLC and KISA Holdings, LLC for $28.5 million.