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On this episode of Higher Exchanges, hosts Jesse Redmond and Morgan Paxhia are joined by Jason Wild and Ziad Ghanem of TerrAscend for a timely conversation on where cannabis investing goes next.

As federal reform approaches and capital markets begin to reawaken, the group explores how operators and investors are positioning for the industry’s next phase.

We discuss:

Whether this catalyst cycle is truly different
TerrAscend’s perspective on rescheduling and what changes post-reform
What may come next: SAFER Banking, uplisting, and interstate commerce
Recent Supreme Court developments and their broader impact
Shifts in capital markets and consolidation activity
M&A trends and how TerrAscend is thinking about growth and portfolio optimization
Q3 fundamentals, margin improvement, and navigating price compression
Capital allocation, balance sheet strength, and how TSND would approach financing if markets reopen

We close with a simple but important question for investors: why buy today?

TerrAscend at a Turning Point: Federal Reform, Capital Strategy, and the Path Forward