TerrAscend Launches Terra Health Network
TORONTO, ONTARIO--(Marketwired - May 16, 2017) - TerrAscend Corp.
(CSE:TER)(CSE:TER.CN)(CNSX:TER) ("TerrAscend" or the "Company"), a vertically integrated medical cannabis company based in
Mississauga, Ontario, today announced the official establishment and launch of Terra Health Network Ltd. ("Terra Health" or
"THN"), a wholly-owned subsidiary of the Company. TerrAscend's other wholly-owned subsidiary, Solace Health Inc., is a final
stage applicant to become a Licensed Producer pursuant to the Access to Cannabis for Medical Purposes Regulations ("ACMPR").
THN operates on two separate platforms: (1) THN works with existing medical clinic owners to provide their resident doctors
and healthcare practitioners with educational materials and resources to facilitate the prescription process for medical
cannabis, and to provide resources to assist their patients in locating coverage for medical cannabis through existing benefit
plans; and (2) THN operates locations that serve as dedicated education, training and support centres.
THN provides a comprehensive patient navigation platform, standardizing the medical experience for patients and healthcare
professionals before, during and after the medical visit. This proprietary system also allows for the collection, storage and
aggregation of regulatory permitted patient data.
THN's first clinic was launched in May 2017 in Mississauga, Ontario. The Company has received commitments from an
additional 24 locations and expects to add more locations over time.
"Terra Health Network exemplifies TerrAscend's focus on ensuring patients have access to the highest quality healthcare," said
Basem Hanna, President and Chief Executive Officer of TerrAscend. "THN provides medical professionals and patients with the
support they need when exploring and introducing cannabis as a treatment option. It also provides patients with the
necessary resources to assist them in locating coverage for medical cannabis through their existing benefit plans."
About TerrAscend
Based in Mississauga, ON, TerrAscend is a vertically-integrated Canadian cannabis company that strives to create and deliver
quality products and services that meet the evolving needs of the medical cannabis market. TerrAscend operates two wholly-owned
subsidiaries, Solace Health Inc., a final stage ACMPR applicant, and Terra Health Network Ltd., which provides a full service
physician and patient education and support platform.
Forward-looking statements
This news release contains "forward-looking information" within the meaning of applicable securities laws including, but not
limited to, statements relating to Terra Health's intention or ability to onboard additional clinics. Although TerrAscend
believes in light of the experience of its officers and directors, current conditions and expected future developments and other
factors that have been considered appropriate, that the expectations reflected in this forward-looking information are
reasonable, however undue reliance should not be placed on them because TerrAscend can give no assurance that they will prove to
be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may
differ materially from those contemplated by these statements. The statements in this press release are made as of the date of
this release. TerrAscend undertakes no obligation to comment on analyses, expectations or statements made by third-parties in
respect of TerrAscend, its securities, or financial or operating results (as applicable). TerrAscend disclaims any intent or
obligation to update publicly any forward-looking information, whether as a result of new information, future events or results
or otherwise, other than as required by applicable securities laws.
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the
content of this news release.