The approval allows TerraVest to repurchase up to 10% of its public float over the next year starting August 24, 2026.
TerraVest Industries received TSX approval to buy back up to 1.55 million shares, roughly 10% of its public float. The normal course issuer bid will commence on August 24, 2026, and may extend through August 23, 2027, unless completed earlier.
The company’s public float currently stands at approximately 15.5 million shares. No prior buyback programs were disclosed for comparison. The move follows standard corporate practices to return capital to shareholders.
Shares of TerraVest (TVK:CA) showed no immediate reaction in after-hours trading.