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.
Marijuana company TerrAscend Corp. said it closed on a $25 million commercial loan and entered an agreement to acquire Hempaid in Maryland.
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.
TerrAscend Corp., a North American cannabis operator, has sold its head office in Mississauga, Ontario, for 19.7 million Canadian dollars ($15 million).
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.
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 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.
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.
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.
A marijuana retail chain in Massachusetts must repay $33,000 in tips that were illegally withheld from employees at two of its stores.
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.
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.
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.