08:42 AM EDT, 08/20/2025 (MT Newswires) -- Cannabis company TerrAscend ( TSNDF ) said Wednesday that its board authorized the company to renew and replenish its normal course issuer bid for up to US$10 million.

Under the renewed NCIB, TerrAscend ( TSNDF ) can repurchase up to 10 million shares or 4.73% of its public float over a 12-month period. TerrAscend's ( TSNDF ) previous NCIB is expiring Thursday.

"We believe our shares represent compelling value at current levels, especially in the context of recent federal regulatory momentum," said Jason Wild, executive chairman. "This program provides us with the flexibility to allocate capital opportunistically while staying focused on operational excellence and revenue growth."

The company's share price dropped 13.1% on Tuesday to $1.19 on the TSX.