TerrAscend Closes Acquisition Of Top Performing Maryland Cannabis Dispensary, Peninsula Alternative Health
Portfolio Pulse from Maureen Meehan
TerrAscend Corp has completed its acquisition of Derby 1, LLC, also known as Peninsula Alternative Health, a medical marijuana dispensary in Maryland. This acquisition is expected to be immediately accretive to TerrAscend on an EBITDA and cashflow basis. The company expects significant sales and margin improvement at this location with the launch of adult-use cannabis. With this acquisition, TerrAscend's retail footprint increases to 35 dispensaries nationwide.
June 28, 2023 | 9:41 pm
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TerrAscend's acquisition of Peninsula Alternative Health is expected to be immediately accretive to its EBITDA and cashflow. The company also expects significant sales and margin improvement at this location with the launch of adult-use cannabis.
The acquisition of Peninsula Alternative Health, a top-performing dispensary, is expected to be immediately accretive to TerrAscend's EBITDA and cashflow. This suggests a positive financial impact. Additionally, the launch of adult-use cannabis at this location is expected to significantly improve sales and margins, indicating potential for increased profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100