TerrAscend Completes Acquisition of Ilera Healthcare

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[{"type":"text","content":"\n\n\n\nTerrAscend Completes Acquisition of Ilera Healthcare\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Sept. 17, 2019\n\n\n\n--- Expands licensed cannabis footprint to four U.S. states, in addition to global reach into Canada and Europe.\n--- Ilera's current revenue run-rate is over US$43 million 1, up from total sales in 2018 of less than US$8 million 1.\n--- TerrAscend's revenue guidance in excess of C$141 million for 2019 reaffirmed 2. \n TORONTO, Sept. 17, 2019 /CNW/ - TerrAscend Corp. (CSE: TER; OTCQX: TRSSF) (\"TerrAscend\" or \"the Company\"), the first and only global cannabis company licensed for sales in Canada, the US, and the EU, today announced it has closed on its previously announced acquisition of Pennsylvania-based Ilera Healthcare, one of five permitted vertically-integrated cannabis cultivator, processor, and dispensary operators in the state. With the completion of this transaction, TerrAscend's licensed cannabis footprint expands to four U.S. states, in addition to its global reach into Canada and Europe. \n\n \n \n\n \n\"As one of only 5 holders of Super Licenses in a limited license state with approximately 13 million people, Ilera is an ideal partner for TerrAscend to enter the Pennsylvania market with,\" said Matthew Johnson, President of TerrAscend Corp., and TerrAscend USA, Inc. \"We welcome Greg and the rest of the Ilera team to the TerrAscend family, and we look forward to partnering together as we continue to build the leading North American Operator (NAO) in the cannabis space.\"\nGreg Rochlin, CEO of Ilera, said, \"By combining forces with TerrAscend, we see clear opportunities ahead for our stakeholders, employees and patients. We look forward to accelerating the growth of Ilera's brands and formulations by leveraging TerrAscend's platform in other markets. I can't wait to introduce our wholesale customers and patients to the California-born Valhalla and State Flower brands, as well as Haven Street, a leading premium Canadian brand.\"\nOsagie Imasogie, ...

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