JW Asset Management Amends TerrAscend Stake on Dec 30

TL;DR

**JW Asset Management updated their TerrAscend ownership filing, signaling potential shifts in their significant stake.**

AI Summary

JW Asset Management, LLC, led by Jason G. Wild, filed an amendment to their Schedule 13D on December 30, 2023, regarding their ownership in TerrAscend Corp. This filing, Amendment No. 3, updates their previous disclosures about their significant stake in the cannabis company. This matters to investors because JW Asset Management is a major shareholder, and changes in their filings can signal shifts in their investment strategy or influence over TerrAscend's direction.

Why It Matters

This filing indicates an update to a major investor's position, which could signal future actions or influence on TerrAscend Corp.'s business strategy.

Risk Assessment

Risk Level: medium — While not a direct transaction, an amendment from a major shareholder can precede significant changes, introducing moderate uncertainty.

Analyst Insight

Investors should monitor future filings from JW Asset Management for TerrAscend Corp. to understand any changes in their ownership percentage or stated intentions, as this could impact stock performance.

Key Players & Entities

• JW Asset Management, LLC (company) — the filing entity and a major shareholder of TerrAscend Corp.
• Jason G. Wild (person) — a group member associated with JW Asset Management, LLC
• TerrAscend Corp. (company) — the subject company in which JW Asset Management, LLC holds shares
• December 30, 2023 (date) — the date of the event requiring the filing of this statement

Forward-Looking Statements

• JW Asset Management will continue to be a significant influencer in TerrAscend Corp.'s strategic decisions. (JW Asset Management, LLC) — high confidence, target: 2024-12-31

FAQ

Key Financial Figures

• $1.5578 — d by Wild in open market transactions. $1.5578 11/17/23 Jason G. Wild 18,200 Dire
• $1.55149 — d by Wild in open market transactions. $1.55149 11/20/23 Jason G. Wild 12,000 Dire
• $1.4928 — d by Wild in open market transactions. $1.4928 12/4/23 Jason G. Wild 15,000 Direc
• $1.5804 — d by Wild in open market transactions. $1.5804 12/6/23 Jason G. Wild 10,000 Direc
• $1.5855 — d by Wild in open market transactions. $1.5855 12/11/23 Jason G. Wild 10,000 Dire
• $1.531 — d by Wild in open market transactions. $1.531 12/18/23 Jason G. Wild 15,000 Dire
• $1.3884 — d by Wild in open market transactions. $1.3884 12/22/23 Jason G. Wild 12,000 Dire
• $1.4570 — d by Wild in open market transactions. $1.4570 12/31/23 Jason G. Wild 294,117 RSU

Filing Documents

• terrascend_13da3.htm (SC 13D/A) — 137KB
• 0001019056-24-000004.txt ( ) — 139KB

Interest

ITEM 5. Interest in Securities of the Issuer (a)-(b)JWP may be deemed, for purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, to be the beneficial owner of an aggregate of 57,621,892 Common Shares as of December 31, 2023, which represent 20.06% of the Issuer’s outstanding Common Shares. (i) Sole power to vote or direct vote: 0 (ii) Shared power to vote or direct vote: 57,621,892 (iii) Sole power to dispose of or direct the disposition: 0 (iv) Shared power to dispose of or direct the disposition: 57,621,892 JWO may be deemed, for purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, to be the beneficial owner of an aggregate of 22,352,516 Common Shares as of December 31, 2023, which represent 7.78% of the Issuer’s outstanding Common Shares. (i) Sole power to vote or direct vote: 0 (ii) Shared power to vote or direct vote: 22,352,516 (iii) Sole power to dispose of or direct the disposition: 0 (iv) Shared power to dispose of or direct the disposition: 22,352,516 CUSIP No. 88105E108 13D/A Page 8 of 10 Pages The Advisor may be deemed, for purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, to be the beneficial Common Shares. (i) Sole power to vote or direct vote: 0 (ii) Shared power to vote or direct vote: 97,846,954 (iii) Sole power to dispose of or direct the disposition: 0 (iv) Shared power to dispose of or direct the disposition: 97,846,954 The General Partner may be deemed, for purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, to be the beneficial Common Shares. (i) Sole power to vote or direct vote: 0 (ii) Shared power to vote or direct vote: 97,686,97

Contracts, Arrangements,

ITEM 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. To the knowledge of the Reporting Persons, except for the matters described in the Schedule 13D (as amended), this Schedule 13D/A, or as set forth below, there is no contract, arrangement, understanding or relationship (legal or otherwise) among the Reporting Persons or between the Reporting Persons and any other person with respect to any securities of the Issuer. CUSIP No. 88105E108 13D/A Page 10 of 10 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 2, 2024 JW PARTNERS, LP By: JW GP, LLC, its General Partner /s/ Jason Klarreich Jason Klarreich, Attorney-In-Fact JW OPPORTUNITIES MASTER FUND, LTD. By: JW GP, LLC, its Manager /s/ Jason Klarreich Jason Klarreich, Attorney-In-Fact JW GP, LLC By: Jason G. Wild, its Managing Member /s/ Jason Klarreich Jason Klarreich, Attorney-In-Fact JW ASSET MANAGEMENT, LLC By: Jason G. Wild, its Managing Member /s/ Jason Klarreich Jason Klarreich, Attorney-In-Fact JASON G. WILD /s/ Jason Klarreich Jason Klarreich, Attorney-In-Fact Pursuant to that certain Power of Attorney dated February 14, 2022 with respect to securities of TerrAscend Corp., the original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall

View Full Filing

View this SC 13D/A filing on SEC EDGAR