TerrAscend Corp. announced that Ziad Ghanem has been promoted to the role of Chief Executive Officer effective immediately, in addition to his existing role as President of the Company. Mr. Ghanem was most recently TerrAscend's President and Chief Operating Officer and was elected to the new role of CEO unanimously by TerrAscend's Board of Directors.

Mr. Ghanem has served as President and COO at TerrAscend since January 2022. In that role he helped guide the company to record year-over-year revenue growth managing the daily operations at one of the strongest operating footprints in the industry. Throughout his 20-year career, Mr. Ghanem held several senior leadership positions across the pharmaceutical, healthcare services, cannabis and retail industries, including serving as President of Parallel, a vertically integrated, multi-state cannabis operator.

Before entering the cannabis industry, Mr. Ghanem gained more than 15 years of experience at Walgreens and Walgreens Boots Alliance in multiple areas including operations, strategy and innovation. Mr. Ghanem holds a Doctor of Pharmacy degree from the University of Houston.