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TerrAscend Receives Approval to Commence Cultivation at its New Jersey Greenhouse
TerrAscend Receives Approval to Commence Cultivation at its New Jersey Greenhouse ...
About this update from Terrascend Corp.
[{"type":"text","content":"\n\n\n\nTerrAscend Receives Approval to Commence Cultivation at its New Jersey Greenhouse\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\n\n\n\n\n\n\nCanada NewsWire\nNEW YORK and TORONTO, Aug. 4, 2020\n\n\n\nFirst greenhouse in New Jersey to be awarded a cannabis cultivation permit by the Department of Health\n NEW YORK and TORONTO, Aug. 4, 2020 /CNW/ - TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF) (\"TerrAscend\" or the \"Company\") a leading North American cannabis operator, today announced that its greenhouse located at its Boonton facility has been approved by the New Jersey Department of Health (\"NJ DOH\") to begin cultivating cannabis. Concurrently, TerrAscend has commenced initial planting of this facility with the first harvest anticipated to occur during the fourth quarter of this year.\nThe 37,000 square foot greenhouse is the first approved for medical cannabis cultivation in the state. The Company expects to complete the second phase of construction at the Boonton facility in October 2020, which will expand the company's New Jersey capacity to a total of 140,000 square feet and add indoor cultivation and post-harvest manufacturing capabilities. TerrAscend has the ability to further increase its New Jersey operations to over 240,000 square feet.\n\"This is an important milestone as we continue to expand our operations to meet growing patient demand for high-quality, medical products in New Jersey,\" said Jason Ackerman, Executive Chairman of TerrAscend \"We're exceptionally proud of the team's efforts and look forward to accelerating our growth as the facility ramps up to full capacity.\"\nTerrAscend expects to launch a comprehensive suite of high-quality, medical products for New Jersey patients in November. The Company's product offerings will include raw flower, pre-rolls, extracted distillate and vaporizable oil, as well as Ilera Healthcare branded tinctures, topicals and medically-blended vapes. \nIn December 2018, TerrAscend was awarded the right to apply for one of six vertically integrated permits, out of 146 applications, in the State of New Jersey. TerrAsc...