Marijuana operator TerrAscend seals $25 million loan, acquires Maryland retailer

Marijuana company TerrAscend Corp. said it closed on a $25 million commercial loan and entered an agreement to acquire Hempaid in Maryland.

Cannabis operator TerrAscend wins conditional approval to list on Toronto Stock Exchange

North American cannabis operator TerrAscend on Wednesday won conditional approval to list on the Toronto Stock Exchange (TSX) – a first for a company with plant-touching operations in the U.S., where marijuana remains federally illegal.

Cannabis firm TerrAscend sells head office in Canada for under asking price

TerrAscend Corp., a North American cannabis operator, has sold its head office in Mississauga, Ontario, for 19.7 million Canadian dollars ($15 million).

Marijuana MSO TerrAscend will restructure in bid to list on TSX

Marijuana multistate operator TerrAscend Corp. revealed its plans to reorganize in a way that will allow the U.S. plant-touching company to list on the Toronto Stock Exchange.

Employee numbers up at some cannabis MSOs despite challenging conditions

News of widespread layoffs at cannabis companies across the United States have dominated headlines, but an analysis of employee head counts at America’s largest cannabis companies show several actually grew their payrolls last year.

Marijuana MSO TerrAscend could list on Toronto Stock Exchange by summer

Marijuana multistate operator TerrAscend Corp. could become the first U.S. plant-touching company to list on the Toronto Stock Exchange by this summer if the restructuring plan it shared with shareholders and analysts wins TSX approval.

Marijuana MSO TerrAscend applies to list shares on Toronto Stock Exchange

TerrAscend Corp. applied to list its shares on the Toronto Stock Exchange (TSX), which would represent a step up to a larger exchange for the marijuana multistate operator.

TerrAscend closes $45.5 million marijuana debt financing

Multistate marijuana company TerrAscend Corp. has taken a senior secured term loan from cannabis real estate lender Pelorus Equity Group for gross proceeds of $45.5 million.

Massachusetts marijuana retailer must repay employees $33,000 in tips

A marijuana retail chain in Massachusetts must repay $33,000 in tips that were illegally withheld from employees at two of its stores.

Cannabis MSO TerrAscend continues Michigan acquisition spree

Multistate cannabis operator TerrAscend is increasing its footprint in Michigan through a $28.5 million deal to acquire a six-store chain that will expand its operations in the state to 17 medical and adult-use marijuana outlets.

US cannabis trading volume levels after first-quarter spike

Average daily trading volumes for U.S. cannabis operators appear to be bottoming out at about $80 million per day, a level not seen since October 2020. Trading volumes have declined 75% since peaking in February.

TerrAscend to buy Michigan cannabis operator Gage in $545 million deal

North American cannabis company TerrAscend plans to enter Michigan’s marijuana market after reaching a deal to buy local operator Gage Growth in an all-stock transaction worth $545 million.