TerrAscend To Acquire 8,500 Square Foot Cannabis Dispensary In Maryland For $22.1M
Portfolio Pulse from Vuk Zdinjak
TerrAscend Corp. has entered into a definitive agreement to acquire Peninsula Alternative Health, a medical dispensary in Maryland, for $22.1 million. The acquisition will expand TerrAscend's retail footprint to 35 dispensaries nationwide and is expected to be immediately accretive to the company on an EBITDA and cashflow basis.
June 09, 2023 | 1:10 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
TerrAscend's acquisition of Peninsula Alternative Health will expand its retail footprint to 35 dispensaries nationwide and is expected to be immediately accretive to the company on an EBITDA and cashflow basis.
The acquisition of Peninsula Alternative Health will expand TerrAscend's retail footprint, giving it a stronger presence in the Maryland market. This is expected to be immediately accretive to the company on an EBITDA and cashflow basis, which should have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100