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TerrAscend Completes Second Phase of New Jersey Cultivation and Manufacturing Facility
TerrAscend Completes Second Phase of New Jersey Cultivation and Manufacturing Facility ...
About this update from Terrascend Corp.
[{"type":"text","content":"\n \n \n \n TerrAscend Completes Second Phase of New Jersey Cultivation and Manufacturing Facility\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 Cultivation Underway at 80,000 sq.ft Indoor Expansion, First Harvests Expected in Q1 2021\n \n \n \n \n \n \n NEW YORK\n \n and\n \n TORONTO\n \n ,\n \n Jan. 11, 2021\n \n /CNW/ - TerrAscend Corp. (\"TerrAscend\" or the \"Company\") (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis operator, today announced that it has completed the second phase of construction at its cultivation and manufacturing facility located in\n \n Boonton, New Jersey\n \n (the \"\n \n Boonton\n \n facility\"). This phase of construction added approximately 80,000 square feet of indoor cultivation, to the existing on-site greenhouse and post-harvest manufacturing facilities, bringing the\n \n Boonton\n \n facility's total current footprint to approximately 140,000 square feet. TerrAscend has the ability to further increase the\n \n Boonton\n \n facility to 240,000 square feet.\n \n \n \n \n \n \n \n \n \n TerrAscend recently received approval from the New Jersey Department of Health (\"NJ DOH\") to commence cultivation activities within the new indoor facility and expects to complete its first indoor harvests in Q1 2021.\n \n \n \"The\n \n New Jersey\n \n cannabis market represents a substantial growth opportunity for TerrAscend. With the completion of this expansion we have significantly scaled up our cultivation footprint to meet current demand,\" said\n \n Jason Ackerman\n \n , Executive Chairman of TerrAscend. \"I'd like to thank our team for their efforts in completing this project and look forward to increasing the availability of our quality medical products to patients across the state.\"\n \n \n In\n \n August 2020\n \n , the Company announced that its approximately 40,000 square foot greenhouse co-located at the\n \n Boonton\n \n facility was approved by the NJ DOH to begin cultivating cannabis. Concurrently, TerrAscend commenced initial planting of t...