TerrAscend's $22M Purchase Of Peninsula Alternative Health Approved By Maryland's Cannabis Admin
Portfolio Pulse from Maureen Meehan
TerrAscend has received regulatory approval from the Maryland Cannabis Administration for the acquisition of Derby 1, LLC, a medical dispensary in Maryland. The acquisition will add a second dispensary to TerrAscend's Maryland footprint ahead of adult-use sales starting on July 1, 2023.
June 19, 2023 | 10:31 pm
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TerrAscend's acquisition of Derby 1, LLC has been approved, expanding its Maryland footprint and positioning it for growth ahead of adult-use sales.
The acquisition of Derby 1, LLC will expand TerrAscend's footprint in Maryland, positioning the company for growth as adult-use sales begin on July 1, 2023. This expansion is expected to increase sales and margins by offering a complete selection of high-quality brands. The approval is a positive development for TerrAscend and its investors, as it indicates progress in the company's expansion strategy.
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