Amount Raised
$25 Million
Round Type
Debt Financing
Union CityOtherAgriculture and FarmingCannabisDescription
TerrAscend Corp. ("TerrAscend" or the "Company") (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis operator, today announced that it has closed on a US$25 million commercial loan with Stearns Bank (the “Loan”). The proceeds from the Loan will be used to pay down the Company’s higher interest rate debt, thereby lowering overall interest expense. The Loan carries an interest rate of prime plus 2.25%, which is currently 10.5%, and matures in December 2024.
Quick answer
TerrAscend raised $25 Million in a Debt Financing round, dated June 27, 2023. TerrAscend is based in Union City, New Jersey, United States.
- How much did TerrAscend raise?
- TerrAscend raised $25 Million in a Debt Financing round on June 27, 2023.
- 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 is TerrAscend based and how big is it?
- TerrAscend is based in Union City, New Jersey, United States. Fundz records about 950 employees.
- Who are the decision-makers at TerrAscend?
- Fundz holds 2 contacts at TerrAscend, including the Performance & Reward Programs Manager. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Agriculture and Farming and Cannabis around the same time
Companies in the same sectors as TerrAscend that raised within 45 days of this round, from Fundz verified event records.
- Pineapple Express, Inc. raised an undisclosed amount (Debt Financing) on June 1, 2023.
- Fieldwork Robotics raised $1.9M (Seed) on August 10, 2023.
- INTENT raised an undisclosed amount on August 2, 2023.
- Bind-X raised $11M (Funding Round) on August 1, 2023.
- New Royal Bluff Orchard raised $1.9M (Pre-Seed) on July 31, 2023.
- FarmWorks raised $4M (Pre-Series A) on July 27, 2023.
Who to call at TerrAscend, and when
A new round usually means TerrAscend is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day TerrAscend raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at TerrAscend, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at TerrAscend. With Fundz connected, it knows.
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Fundz sees it the moment TerrAscend raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
TerrAscend raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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