Small Business
TerrAscend Signs Agreement to Acquire Fifth Dispensary in New Jersey
Aunt Mary’s, a high-performing dispensary in Hunterdon County, generates over $10 million in annualized revenue Transaction expected to be immediately accretive on an EBITDA and free cash flow basis, further extending TerrAscend's leadership position in New Jersey TORONTO, June 30, 2026 (GLOBE NEWSWIRE) -- TerrAscend Corp. (the “Company”) (TSX: TSND) (OTCQX: TSNDF), a leading North American cannabis operator, today announced it has signed an option agreement where its consolidated entities (toge
About this update from Terrascend Corp.
Aunt Mary's, a high-performing dispensary in Hunterdon County, generates over $10 million in annualized revenue Transaction expected to be immediately accretive on an EBITDA and free cash flow basis, further extending TerrAscend's leadership position in New Jersey TORONTO, June 30, 2026 (GLOBE NEWSWIRE) -- TerrAscend Corp. (the "Company") (TSX: TSND) (OTCQX: TSNDF), a leading North American cannabis operator, today announced it has signed an option agreement where its consolidated entities (together with the Company, "TerrAscend") were granted an option to purchase a fifth dispensary in New Jersey. Aunt Mary's Dispensary LLC ("Aunt Mary's"), located in Hunterdon County, is expected to be immediately accretive to TerrAscend on an EBITDA and free cash flow basis, further extending TerrAscend's leadership position in the state. The closing of the transaction is subject to standard conditions including regulatory approval. "Aunt Mary's is a strong performer, generating over $10 million in annualized revenue," said Jason Wild, Executive Chairman of the Company. "We see a clear opportunity to enhance margins through vertical integration and the introduction of our premium brand portfolio, including Kind Tree, Legend, Valhalla and Cookies. This acquisition reflects our continued focus on disciplined, accretive transactions, and we remain active in evaluating additional opportunities to expand our retail footprint." Established in February 2023, Aunt Mary's is located in a high-traffic retail corridor in Flemington, New Jersey. The dispensary includes 5,200 square feet of retail space and benefits from limited nearby competition. The total purchase price payable by TerrAscend is equal to $9 million, comprised of $3 million in the form of a five-year unsecured convertible promissory note bearing interest at 6.0% for an option to purchase 35% of Aunt Mary's ("Option") and $6 million payable in cash upon exercise of the Option. The transaction conforms to New Jersey's regulatory framework, which facilitates investment opportunities for diversely owned businesses. About TerrAscend Corp.TerrAscend Corp. is a leading TSX-listed cannabis company with interests across the North American cannabis sector, including operations in Pennsylvania, New Jersey, Maryland, Ohio, and California through TerrAscend Growth Corp. and retail operations in Canada. TerrAscend operates The ...