Terrascend Closes On Acquisition Of Top Performing Maryland Dispensary, Peninsula Alternative Health
Acquiring Company
TerrAscend
Acquired Company
Dispensary
Union CityOtherAgriculture and FarmingCannabisDescription
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.
Quick answer
TerrAscend is acquiring Dispensary, announced June 29, 2023. TerrAscend is based in Union City, New Jersey, United States.
- How much did TerrAscend pay for Dispensary?
- The deal value was not disclosed.
- What does TerrAscend do?
- TerrAscend is a leading cannabis company with interests across the North American cannabis sector, including vertically integrated operations in Pennsylvania, New Jersey, Maryland, Michigan and California through..
- Where are TerrAscend and Dispensary based?
- TerrAscend is based in Union City, New Jersey, United States.
- Who are the decision-makers at TerrAscend?
- Fundz holds 2 contacts at TerrAscend. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at TerrAscend, and when
When TerrAscend changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day TerrAscend raises, hires an executive or expands, scored against what you sell
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Frequently asked
Who acquired Dispensary?
Dispensary was acquired by TerrAscend, based in Union City. The deal was reported on June 29, 2023. TerrAscend is publicly traded (TSNDF) and operates in Other.
When did TerrAscend acquire Dispensary?
TerrAscend's acquisition of Dispensary was reported on June 29, 2023. TerrAscend Corp. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Dispensary do?
Find Marijuana Dispensaries nearby, Cannabis Deals, Marijuana Strain information, and different types of Cannabis that best suit you! It is privately held.
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