Business
TerrAscend Completes Sale of Facility in Canada for CAD$19.7 Million
TerrAscend Completes Sale of Facility in Canada for CAD$19.7 Million Canada NewsWire ...
About this update from Terrascend Corp.
[{"type":"text","content":"\n \n \n \n TerrAscend Completes Sale of Facility in Canada for CAD$19.7 Million\n \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 Canada NewsWire\n \n \n \n \n \n Further strengthens balance sheet by paying down debt and reducing interest expense\n \n \n \n \n Company continues to operate Canadian retail business including its Toronto Cookies store\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n May 23, 2023\n \n \n /CNW/ -\n \n \n \n TerrAscend Corp.\n \n \n \n \n (\"TerrAscend\" or the \"Company\")\n \n (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis operator, announces that, as of today, it has completed the sale of its facility located in\n \n Mississauga, Canada\n \n for\n \n CAD$19.7 million\n \n .\n \n \n \n \n \n \n \n \n \n \"I am pleased we were able to complete the sale of this facility at an attractive price. This latest debt paydown adds to the substantial progress we have made over the last three quarters in strengthening our balance sheet by reducing our debt and interest expense.  The continued improvement of our balance sheet remains a priority. We plan to pay down additional debt in the coming months,\" commented\n \n Jason Wild\n \n , Executive Chairman of TerrAscend.\n \n \n \n \n The Canadian Securities Exchange (\"CSE\") has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.\n \n \n \n \n \n About TerrAscend\n \n \n \n TerrAscend is a leading North American cannabis operator with vertically integrated operations in\n \n Pennsylvania\n \n ,\n \n New Jersey\n \n ,\n \n Maryland\n \n ,\n \n Michigan\n \n and\n \n California\n \n and retail operations in\n \n Canada\n \n . TerrAscend operates The Apothecarium and Gage 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 c...