Terrascend Closes On Acquisition Of Top Performing Maryland Dispensary, Peninsula Alternative Health

TerrAscend Corp. ("TerrAscend" or the "Company") (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis operator, today announced the closing of its previously announced acquisition of Derby 1, LLC (d/b/a “Peninsula Alternative Health”), a medical dispensary in Maryland. This transaction adds a second dispensary to the Company’s Maryland footprint in advance of adult-use sales, which will begin on July 1, 2023. The transaction is expected to be immediately accretive to TerrAscend on an EBITDA and cashflow basis. TerrAscend recently announced entering into a definitive agreement to acquire Hempaid, LLC (d/b/a “Blue Ridge Wellness”), its third medical dispensary in Maryland once closed.