TerrAscend Corp. announced the appointment of TerrAscend's co-founder and Chief Operating Officer, Dr. Michael Nashat, as the company's new President & Chief Executive Officer, effective January 22, 2018. Dr. Nashat succeeds TerrAscend's co-founder, Basem Hanna, in this capacity.

Mr. Hanna will step down from the position on January 22, 2018 and will remain on TerrAscend's Board of Directors as a key advisor to the company moving forward. Dr. Nashat is the former Executive Director of the OnPharm Independent Pharmacy Group. Dr. Nashat is also a former member of the Ontario Ministry of Health and Long Term Care's Pharmacy Council, and currently serves as the Co-chair of the Ontario Pharmacists Association's Owners Advisory Council.