Business
TerrAscend Closes on Ohio Dispensary Acquisition
Transaction marks the Company’s entry into its sixth U.S. state Acquisition is exp...
About this update from Terrascend Corp.
[{"type":"text","content":"TerrAscend Closes on Ohio Dispensary Acquisition\n\n\n\n\n Transaction marks the Company’s entry into its sixth U.S. state\n \n\n\n\n Acquisition is expected to be immediately accretive on an EBITDA and cashflow basis\n \n\n\n TORONTO, May 07, 2025 (GLOBE NEWSWIRE) --\n \n TerrAscend Corp. (“TerrAscend” or the “Company”) (TSX: TSND, OTCQX: TSNDF)\n \n , a leading North American cannabis company, today announced the closing of its previously announced acquisition of the assets of Ratio Cannabis LLC (\"Ratio Cannabis\"), a cannabis dispensary located in Goshen Township, Ohio. The acquisition represents TerrAscend's initial entry into its sixth state, Ohio, and is expected to be immediately accretive on an EBITDA and cashflow basis. This acquisition increases TerrAscend's retail footprint to 39 dispensaries across six U.S. states and Canada. The Company intends to acquire additional Ohio dispensaries in the future.\n \n\n \"Ratio Cannabis is a strong performer, with no competition within a 20-mile radius, generating $9 million in annualized revenue. Entering Ohio has long been a priority for us,\" stated Jason Wild, Executive Chairman of TerrAscend. \"This acquisition is a great first step in Ohio and we will continue to aggressively pursue additional accretive dispensary acquisitions, up to the eight dispensary state limit.”\n \n\n\n About TerrAscend\n \n\n\n TerrAscend is a leading TSX-listed cannabis company with interests across the North American cannabis sector, including vertically integrated operations in Pennsylvania, New Jersey, Maryland, Michigan and California through TerrAscend Growth Corp. and retail operations in Canada. TerrAscend operates The Apothecarium, Gage and other dispensary retail locations as well as scaled cultivation, processing, and manufacturing facilities in its core markets. TerrAscend’s cultivation and manufacturing practices yield consistent, high-quality cannabis, providing industry-leading product selection to both the medical and legal adult-use markets. The Company owns or licenses several synergistic businesses and brands including Gage Cannabis, The Apothecarium, Cookies, Lemonnade, Ilera Healthcare, Kind Tree, Legend, State Flower, Wana, and Valhalla Confections. For more information visit\n \n\n www.terrascend.com\n \n\n .\n \n\n\n Caution Re...