Disclosure · Form 10-K · fiscal 2025
TerrAscend Corp. 10-K cybersecurity disclosure (Item 1C), fiscal 2025
Filed March 12, 2026· period ended December 31, 2025· TSNDF· CIK 1778129· Updated · filing on sec.gov ↗
TerrAscend Corp.'s Form 10-K for fiscal 2025, filed March 12, 2026, names the Chief Information Officer as its top security role, with oversight by the Audit Committee.
What TerrAscend's Item 1C says
TerrAscend's Form 10-K for fiscal 2025 places oversight of cybersecurity risk management processes with the Audit Committee. The cybersecurity function at the company is led by its Chief Information Officer, who is called the CIO.
Board and management oversight
The Board addresses the company's cybersecurity risk management as part of its general oversight function. The Board receives regular reports from the CIO concerning the company's significant cybersecurity threats and risks and the processes implemented to address them. The CIO also regularly presents to senior management, the Board and Audit Committee to evaluate material risks relative to overall business objectives. Cybersecurity risk assessment and management processes are implemented and maintained by certain company management, including the CIO and the Senior Director of IT.
Who leads security
The company's CIO has over twenty-five years of technology leadership experience, including cybersecurity and network design administration. The CIO is responsible for approving budgets, helping prepare for cybersecurity incidents, approving cybersecurity processes, and reviewing security assessments and other security-related reports. The CIO is also responsible for hiring appropriate personnel and communicating key priorities to relevant personnel.
How the company manages cyber risk
The company's assessment and management of material risks from cybersecurity threats are integrated into its overall risk management processes. Cybersecurity risk is identified in the company's risk register detailing certain known and potential risk items. The company maintains measures that include an incident response plan, an employee cybersecurity training program, penetration testing, dark web monitoring, and monthly environment risk reviews. The Security Incident Response Team uses a cybersecurity managed detection and response partner, which monitors certain endpoints, cloud infrastructure, and networks for irregular activity.
Third parties and incidents
The company uses third-party service providers from time to time, including penetration testing firms, cybersecurity consultants, forensic investigators, and legal counsel, to help manage material cybersecurity risks. The company has a vendor management program to manage cybersecurity risks associated with its use of third-party service providers. The vendor management program includes completion of a cybersecurity questionnaire and review of the vendor's security program for certain vendors. The company's incident response and vulnerability management processes include reporting to the Board for certain cybersecurity incidents.
What the section does not state
The section does not name the person who holds the top security role.
Read from the Form 10-K filed March 12, 2026, on . Every sentence rests on a passage of the section reproduced below.
The filing's fields, each with its sentence
Who leads security (the top role, as the filing names it)
Chief Information Officer
Reports to
not identified
Board oversight
Audit Committee
“The Company's Audit Committee is responsible for overseeing the Company's cybersecurity risk management processes, including oversight and mitigation of risks from cybersecurity threats.”
CISO or other person named
not identified
Frameworks and standards named
not identified
Outside assessors, consultants or testers
not identified
Experience of the security leadership, as stated
Stated
“The Company's CIO has over twenty-five years of technology leadership experience including infrastructure design and management, software development, system implementation, cybersecurity, and network design administration.”
Material incident
not identified
The section
1,173 words, Form 10-K filed March 12, 2026 for the period ended December 31, 2025
Read by claude-sonnet-5-5 on November 4, 2026; every quote verified in the stored text by code.
How peers in the same industry describe the seat
The SEC assigns TerrAscend Corp. standard industrial classification 0100, Agricultural production-crops (SEC SIC list). 6 other filers in our library have the same code.
| Filer | Top security role | Reports to | Board oversight |
|---|---|---|---|
| Bloomia Holdings, Inc.FY 2026, filed September 21, 2026 | not identified | not identified | Audit Committee |
| Edible Garden AG IncFY 2025, filed March 31, 2026 | not identified | not identified | full board |
| ESG Inc.FY 2025, filed March 31, 2026 | not identified | not identified | not identified |
| Planet 13 Holdings Inc.FY 2025, filed March 25, 2026 | Vice President of Operations | not identified | Audit Committee |
| Fresh Del Monte Produce IncFY 2025, filed February 19, 2026 | Vice President of Information Technology | not identified | Governance Committee |
| Genvor IncFY 2025, filed December 10, 2025 | Chief Executive Officer | not identified | not identified |
Item 1C, verbatim from the filing
The text below is the Cybersecurity item of TerrAscend Corp.'s Form 10-K as filed with the SEC on March 12, 2026, reproduced word for word from the filing on sec.gov. Page numbers and navigation lines have been removed; nothing has been added. It describes governance as of that date.
Item 1C. Cybersecurity
Risk management and strategy
The Company has implemented and maintain various information security processes designed to identify, assess, and manage material risks from cybersecurity threats to its critical computer networks, third-party hosted services, communications systems, hardware and software, and its critical data, including intellectual property, confidential information that is proprietary, strategic or competitive in nature, and patient data ("Information Systems and Data").
The Company's cybersecurity function, led by its Chief Information Officer ("CIO"), with support from its Senior Director of Information Technology ("IT"), Enterprise Security Architect, security management personnel, engineering operations, and third-party service providers, helps identify, assess, and manage the Company's cybersecurity threats and risks. The Company's CIO has over twenty-five years of technology leadership experience including infrastructure design and management, software development, system implementation, cybersecurity, and network design administration. The Company's CIO also has experience in data protection for systems and has supported a complex global public enterprise environment with operations in over 200 countries. The Company's Senior Director of IT has over 11 years of experience developing and leading healthcare solutions and has led the development in web and infrastructure design, serverless architecture, database integrations, SMS, mass-email and mass phone notification solutions and holds a Sarbanes-Oxley Act (SOX) certification. The Company's Enterprise Security Architect has over seven years of experience in assessing risk and protecting data in various technologies from client/server software to cloud based solutions and holds a Certified Information Systems Security Professional designation, a GIAC Certified Incident Handler Certification, and Sarbanes-Oxley Act (SOX) certifications. The Company's Senior Director of IT and the Enterprise Security Architect also have experience dealing directly with numerous cyber security threats, breaches, detection and containment activities and strategies under strict requirements and expectations for HIPAA covered entities. The Company's cybersecurity function works, in certain circumstances, in partnership with its managed security service provider ("MSSP") and managed service provider ("MSP") to help identify, assess, and respond to risks from cybersecurity threats, including by monitoring and evaluating its threat environment using various methods including, for example: manual tools, automated tools, subscribing to reports and services that identify cybersecurity threats, analyzing reports of threats and actors, conducting scans of the threat environment, evaluating the Company's and its industry's risk profile, evaluating certain threats reported to us, coordinating with law enforcement concerning certain threats, conducting internal and/or external audits, conducting threat assessments for certain internal and external threats, third-party threat assessments, conducting vulnerability assessments to identify vulnerabilities, and use of external intelligence feeds. The Company's Security Incident Response Team leverages a cybersecurity managed detection and response partner, which monitors certain of its endpoints, cloud infrastructure, and networks for irregular activity.
Depending on the environment and system, the Company implements and maintains various technical, physical, and organizational measures, processes, standards, and policies designed to manage and mitigate material risks from cybersecurity threats to its Information Systems and Data, including, for example: an incident response plan, incident detection and response measures, monitoring and response services, network and system access controls, physical security measures, an employee cybersecurity training program, dedicated cybersecurity personnel, asset management and recovery processes, encryption of certain data, segregation of certain data, implementation of security standards/certifications, a vendor risk management program, penetration testing, dark web monitoring, monthly environment risk reviews, external threat intelligence reports, regular digital infrastructure scans, internally reported threats, data back-up measures, and cybersecurity insurance.
The Company's assessment and management of material risks from cybersecurity threats are integrated into the Company's overall risk management processes. For example, cybersecurity risk is identified in the Company's risk register detailing certain known and potential risk items; the Company's IT operations department works with its MSSP/MSP vendor partners to review certain identified threats and its cybersecurity practices in an effort to prioritize and mitigate cybersecurity threats that are more likely to lead to a material impact on its business; and its CIO regularly presents to senior management, the Board and Audit Committee to evaluate material risks relative to its overall business objectives.
The Company uses third-party service providers to assist us from time to time to identify, assess, and manage material risks from cybersecurity threats including, for example, managed cybersecurity service providers, cybersecurity software providers, penetration testing firms, threat intelligence service providers, cybersecurity consultants, dark web monitoring services, forensic investigators, and professional services firms, including legal counsel.
The Company uses third-party service providers to perform a variety of functions throughout its business, such as enterprise resource planning, point of sale, eCommerce, wholesale sales, application providers, and web hosting. The Company has a vendor management program to manage cybersecurity risks associated with its use of these providers. The Company's vendor management program includes completion of a cybersecurity questionnaire and review of the vendor's security program for certain vendors designed to help us evaluate the potential cybersecurity risks associated with its use of the vendor. Depending on the nature of the services provided, the sensitivity of the Information Systems and Data at issue, and the identity of the provider, its vendor management process may involve different levels of assessment designed to help identify cybersecurity risks associated with a provider and imposition of contractual obligations related to cybersecurity on the provider.
For a description of the risks from cybersecurity threats that may materially affect the Company and how they may do so, see the risk factors under Item 1A. "Risk Factors" in this Annual Report, including "The Company (and the third parties with whom it works) faces physical security risks, as well as risks related to its information technology systems, data, potential cyber or phishing-attacks, and security incidents."
Governance
The Board addresses the Company's cybersecurity risk management as part of its general oversight function. The Company's Audit Committee is responsible for overseeing the Company's cybersecurity risk management processes, including oversight and mitigation of risks from cybersecurity threats.
The Company's cybersecurity risk assessment and management processes are implemented and maintained by certain Company management, including the CIO and the Senior Director of IT. The CIO is responsible for hiring appropriate personnel, helping to integrate cybersecurity risk considerations into the Company's overall risk management strategy, and communicating key priorities to relevant personnel. The CIO is responsible for approving budgets, helping prepare for cybersecurity incidents, approving cybersecurity processes, and reviewing security assessments and other security-related reports.
Our cybersecurity incident response and vulnerability management processes are designed to escalate certain cybersecurity incidents to members of management depending on the circumstances, including the security management department, CIO, Chief Financial Officer ("CFO"), Chief Executive Officer ("CEO") and others. The security management department, CIO, CFO, CEO, and others work with the Company's incident response team to help the Company mitigate and remediate cybersecurity incidents of which they are notified. In addition, the Company's incident response and vulnerability management processes includes reporting to the Board for certain cybersecurity incidents.
The Board receives regular reports from the CIO concerning the Company's significant cybersecurity threats and risks and the processes the Company has implemented to address them. These reports also include materials related to certain cybersecurity trends the Company has identified, potential cybersecurity threats and risk, and proposed mitigation measures.
Earlier filings on record
Fiscal 2024 Form 10-K, filed March 6, 2025 sec.gov ↗
Top security role, as the filing names it
Chief Information Officer
Reports to, as the filing names it
not identified
Board oversight
Audit Committee
“The Company's Audit Committee is responsible for overseeing the Company's cybersecurity risk management processes, including oversight and mitigation of risks from cybersecurity threats.”
Person named in the filing
not identified
Experience, as stated
Stated
“The Company's CIO has over twenty-five years of technology leadership experience including infrastructure design and management, software development, system implementation, cybersecurity, and network design administration.”
Material incident
not identified
Read by claude-sonnet-5-5 on November 4, 2026; every quote verified in the stored text by code.
Item 1C. Cybersecurity
Risk management and strategy
The Company has implemented and maintain various information security processes designed to identify, assess, and manage material risks from cybersecurity threats to its critical computer networks, third-party hosted services, communications systems, hardware and software, and its critical data, including intellectual property, confidential information that is proprietary, strategic or competitive in nature, and patient data ("Information Systems and Data").
The Company's cybersecurity function, led by its Chief Information Officer ("CIO") and Senior Director of Information Technology ("IT"), as well as its Enterprise Security Architect and third-party service providers, helps identify, assess, and manage the Company's cybersecurity threats and risks. The Company's CIO has over twenty-five years of technology leadership experience including infrastructure design and management, software development, system implementation, cybersecurity, and network design administration. The Company's CIO also has experience in data protection for systems and has supported a complex global public enterprise environment with operations in over 200 countries. The Company's Senior Director of IT has over 11 years of experience developing and leading healthcare solutions and has led the development in web and infrastructure design, serverless architecture, database integrations, SMS, mass-email and mass phone notification solutions and holds a Sarbanes-Oxley Act (SOX) certification. The Company's Enterprise Security Architect has over seven years of experience in assessing risk and protecting data in various technologies from client/server software to cloud based solutions and holds a Certified Information Systems Security Professional designation, a GIAC Certified Incident Handler Certification, and Sarbanes-Oxley Act (SOX) certifications. The Company's Senior Director of IT and the Enterprise Security Architect also have experience dealing directly with numerous cyber security threats, breaches, detection and containment activities and strategies under strict requirements and expectations for HIPAA covered entities. The Company's cybersecurity function works, in certain circumstances, in partnership with its managed security service provider ("MSSP") and managed service provider ("MSP") to help identify, assess, and respond to risks from cybersecurity threats, including by monitoring and evaluating its threat environment using various methods including, for example: manual tools, automated tools, subscribing to reports and services that identify cybersecurity threats, analyzing reports of threats and actors, conducting scans of the threat environment, evaluating the Company's and its industry's risk profile, evaluating certain threats reported to us, coordinating with law enforcement concerning certain threats, conducting internal and/or external audits, conducting threat assessments for certain internal and external threats, third-party threat assessments, conducting vulnerability assessments to identify vulnerabilities, and use of external intelligence feeds. The Company's Security Incident Response Team leverages a cybersecurity managed detection and response partner, which monitors certain of its endpoints, cloud infrastructure, and networks for irregular activity.
Depending on the environment and system, the Company implements and maintains various technical, physical, and organizational measures, processes, standards, and policies designed to manage and mitigate material risks from cybersecurity threats to its Information Systems and Data, including, for example: an incident response plan, incident detection and response measures, monitoring and response services, network and system access controls, physical security measures, an employee cybersecurity training program, dedicated cybersecurity personnel, asset management and recovery processes, encryption of certain data, segregation of certain data, implementation of security standards/certifications, a vendor risk management program, penetration testing, dark web monitoring, monthly environment risk reviews, external threat intelligence reports, regular digital infrastructure scans, internally reported threats, data back-up measures, and cybersecurity insurance.
The Company's assessment and management of material risks from cybersecurity threats are integrated into the Company's overall risk management processes. For example, cybersecurity risk is identified in the Company's risk register detailing certain known and potential risk items; the Company's IT operations department works with its MSSP/MSP vendor partners to review certain identified threats and its cybersecurity practices in an effort to prioritize and mitigate cybersecurity threats that are more likely to lead to a material impact on its business; and its CIO regularly presents to senior management, the Board and Audit Committee to evaluate material risks relative to its overall business objectives.
The Company uses third-party service providers to assist us from time to time to identify, assess, and manage material risks from cybersecurity threats including, for example, managed cybersecurity service providers, cybersecurity software providers, penetration testing firms, threat intelligence service providers, cybersecurity consultants, dark web monitoring services, forensic investigators, and professional services firms, including legal counsel.
The Company uses third-party service providers to perform a variety of functions throughout its business, such as enterprise resource planning, point of sale, eCommerce, wholesale sales, application providers, and web hosting. The Company has a vendor management program to manage cybersecurity risks associated with its use of these providers. The Company's vendor management program includes completion of a cybersecurity questionnaire and review of the vendor's security program for certain vendors designed to help us evaluate the potential cybersecurity risks associated with its use of the vendor. Depending on the nature of the services provided, the sensitivity of the Information Systems and Data at issue, and the identity of the provider, its vendor management process may involve different levels of assessment designed to help identify cybersecurity risks associated with a provider and imposition of contractual obligations related to cybersecurity on the provider.
For a description of the risks from cybersecurity threats that may materially affect the Company and how they may do so, see the risk factors under Item 1A. "Risk Factors" in this Annual Report, including "The Company (and the third parties with whom it works) faces physical security risks, as well as risks related to its information technology systems, data, potential cyber or phishing-attacks, and security incidents."
Governance
The Board addresses the Company's cybersecurity risk management as part of its general oversight function. The Company's Audit Committee is responsible for overseeing the Company's cybersecurity risk management processes, including oversight and mitigation of risks from cybersecurity threats.
The Company's cybersecurity risk assessment and management processes are implemented and maintained by certain Company management, including the CIO and the Senior Director of IT. The CIO is responsible for hiring appropriate personnel, helping to integrate cybersecurity risk considerations into the Company's overall risk management strategy, and communicating key priorities to relevant personnel. The CIO is responsible for approving budgets, helping prepare for cybersecurity incidents, approving cybersecurity processes, and reviewing security assessments and other security-related reports.
Our cybersecurity incident response and vulnerability management processes are designed to escalate certain cybersecurity incidents to members of management depending on the circumstances, including the security management department, CIO, Chief Financial Officer ("CFO"), Chief Executive Officer ("CEO") and others. The security management department, CIO, CFO, CEO, and others work with the Company's incident response team to help the Company mitigate and remediate cybersecurity incidents of which they are notified. In addition, the Company's incident response and vulnerability management processes includes reporting to the Board for certain cybersecurity incidents.
The Board receives regular reports from the CIO concerning the Company's significant cybersecurity threats and risks and the processes the Company has implemented to address them. These reports also include materials related to certain cybersecurity trends the Company has identified, potential cybersecurity threats and risk, and proposed mitigation measures.
Fiscal 2023 Form 10-K, filed March 14, 2024 sec.gov ↗
Top security role, as the filing names it
Chief Information Officer
Reports to, as the filing names it
not identified
Board oversight
Audit Committee
“The Company's Audit Committee is responsible for overseeing the Company's cybersecurity risk management processes, including oversight and mitigation of risks from cybersecurity threats.”
Person named in the filing
not identified
Experience, as stated
Stated
“The Company's CIO has over twenty-five years of technology leadership experience including infrastructure design and management, software development, system implementation, cybersecurity, and network design administration.”
Material incident
not identified
Read by claude-sonnet-5-5 on November 4, 2026; every quote verified in the stored text by code.
Item 1C. Cybersecurity
Risk management and strategy
The Company has implemented and maintain various information security processes designed to identify, assess, and manage material risks from cybersecurity threats to our critical computer networks, third party hosted services, communications systems, hardware and software, and our critical data, including intellectual property, confidential information that is proprietary, strategic or competitive in nature, and patient data ("Information Systems and Data").
The Company's cybersecurity function, led by our Chief Information Officer ("CIO") and Director of IT Operations, helps identify, assess, and manage the Company's cybersecurity threats and risks. The Company's CIO has over twenty-five years of technology leadership experience including infrastructure design and management, software development, system implementation, cybersecurity, and network design administration. The Company's CIO has proven success in data protection for systems and has supported a complex global public enterprise environment with operations in over 200 countries. The Company's Director of IT Operations has over ten years of experience developing and leading healthcare solutions and has led the development in web and infrastructure design, serverless architecture, database integrations, SMS, mass-email and mass phone notification solutions. The Company's Director of IT Operations has dealt directly with numerous cyber security threats, breaches, detection and containment activities and strategies under strict requirements and expectations for HIPAA covered entities. The Company's cybersecurity team works in partnership with our managed security service provider ("MSSP") and managed service provider ("MSP") to help identify, assess, and respond to risks from cybersecurity threats. The Company's Security Incident Response Team leverages a cybersecurity managed detection and response partner, which monitors certain of our endpoints, cloud infrastructure, and networks for irregular activity.
Depending on the environment and system, the Company implements and maintains various technical, physical, and organizational measures, processes, standards, and policies designed to manage and mitigate material risks from cybersecurity threats to our Information Systems and Data, including, for example: an incident response plan, monitoring and response services in certain environments and systems, system access controls for certain systems, an employee cybersecurity training program, asset management and recovery processes, penetration testing, dark web monitoring, monthly environment risk reviews, external threat intelligence reports, regular digital infrastructure scans, internally reported threats, and cybersecurity insurance.
The Company's assessment and management of material risks from cybersecurity threats are integrated into the Company's overall risk management processes. For example, cybersecurity risk is identified in the Company's risk register detailing certain known and potential risk items; the Company's IT operations department works with our MSSP/MSP vendor partners to review certain identified threats and our cybersecurity practices in an effort to prioritize and mitigate cybersecurity threats that are more likely to lead to a material impact on our business; and our CIO regularly presents to senior management, the Board and Audit Committee to evaluate material risks relative to our overall business objectives.
The Company uses third-party service providers to assist us from time to time to identify, assess, and manage material risks from cybersecurity threats including, for example, managed cybersecurity service providers, cybersecurity software providers, penetration testing firms, and professional services firms, including legal counsel.
The Company uses third-party service providers to perform a variety of functions throughout our business, such as enterprise resource planning, point of sale, eCommerce, wholesale sales, and web hosting. We have a vendor management program to manage cybersecurity risks associated with our use of these providers. Our vendor management program includes completion of a cybersecurity questionnaire for certain vendors designed to help us evaluate the potential cybersecurity risks associated with our use of the vendor. Depending on the nature of the services provided, the sensitivity of the Information Systems and Data at issue, and the identity of the provider, our vendor management process may involve different levels of assessment designed to help identify cybersecurity risks associated with a provider and impose contractual obligations related to cybersecurity on the provider.
For a description of the risks from cybersecurity threats that may materially affect the Company and how they may do so, see the risk factors under Item 1A. "Risk Factors" in this Annual Report, including "The Company (and the third parties upon which
it relies) faces physical security risks, as well as risks related to its information technology systems, potential cyber-attacks, and security breaches.".
Governance
The Board addresses the Company's cybersecurity risk management as part of its general oversight function. The Company's Audit Committee is responsible for overseeing the Company's cybersecurity risk management processes, including oversight and mitigation of risks from cybersecurity threats.
The Company's cybersecurity risk assessment and management processes are implemented and maintained by certain Company management, the CIO and the Director of IT Operations. The CIO is responsible for hiring appropriate personnel, helping to integrate cybersecurity risk considerations into the Company's overall risk management strategy, and communicating key priorities to relevant personnel. The CIO is responsible for approving budgets, helping prepare for cybersecurity incidents, approving cybersecurity processes, and reviewing security assessments and other security-related reports.
Our cybersecurity incident response and vulnerability management processes are designed to escalate certain cybersecurity incidents to members of management depending on the circumstances, including the security management department, CIO, Chief Financial Officer ("CFO"), Chief Executive Officer ("CEO") and others. The security management department, CIO, CFO, CEO, and others work with the Company's incident response team to help the Company mitigate and remediate cybersecurity incidents of which they are notified. In addition, the Company's incident response and vulnerability management processes includes reporting to the Board for certain cybersecurity incidents.
The Board receives regular reports from the CIO concerning the Company's significant cybersecurity threats and risks and the processes the Company has implemented to address them. These reports also include materials related to certain cybersecurity trends we have identified, potential cybersecurity threats and risk, and proposed mitigation measures.
The fields above are exact quotes from the stored text. "Not identified" means no supporting sentence was found, not that the company has no such arrangement. A name in a filing is not a record of who holds the seat today: the Wire tracks that.
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