TerrAscend To Acquire Herbiculture, Adding A Fourth Dispensary In Maryland
Portfolio Pulse from Vuk Zdinjak
TerrAscend Corp. (OTCQX:TRSSF) (CSE:TER) has agreed to acquire Herbiculture Inc., a medical dispensary in Maryland, for $8.25 million. This acquisition will bring TerrAscend's total dispensaries in Maryland to four, the maximum allowed in the state. The company expects the transaction to be immediately accretive to its EBITDA and cash flow. The deal has been approved by the Maryland Cannabis Administration and is expected to close soon.
July 03, 2023 | 11:35 am
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TerrAscend's acquisition of Herbiculture is expected to be immediately accretive to its EBITDA and cash flow. This could potentially boost the company's stock in the short term.
The acquisition of Herbiculture is expected to be immediately accretive to TerrAscend's EBITDA and cash flow, which are key indicators of a company's financial health and profitability. This could make the company more attractive to investors, potentially driving up its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100