TerrAscend Expands Retail Footprint In Maryland With Acquisition Of Blue Ridge Wellness
Portfolio Pulse from Maureen Meehan
TerrAscend (OTCQX: TRSSF) has announced its acquisition of Hempaid, LLC, a medical marijuana dispensary in Maryland, expanding its footprint to three dispensaries in the state. The acquisition is expected to drive substantial revenue growth and profitability for TerrAscend in Maryland. The transaction is valued at $6.75 million, including $3.0 million in cash. Following the acquisition, TerrAscend's retail footprint will increase to 36 dispensaries nationwide.
June 27, 2023 | 9:26 pm
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TerrAscend's acquisition of Hempaid, LLC is expected to drive substantial revenue growth and profitability for the company in Maryland. The deal expands TerrAscend's footprint to 36 dispensaries nationwide.
The acquisition of Hempaid, LLC expands TerrAscend's footprint in Maryland, a state that is about to commence adult-use sales. This is likely to drive substantial revenue growth and profitability for the company. The deal also increases TerrAscend's nationwide footprint to 36 dispensaries, further strengthening its position in the market.
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