TerrAscend Reaches Four Dispensary Cap In Maryland With Closing Of Herbiculture Acquisition
Portfolio Pulse from Vuk Zdinjak
TerrAscend Corp. has completed the acquisition of Herbiculture Inc., a medical dispensary in Maryland. This acquisition marks TerrAscend's fourth dispensary in the state, reaching the cap. The company expects Herbiculture to drive substantial sales and profit growth, especially with the recent launch of adult-use sales in Maryland. The transaction is expected to be immediately accretive to TerrAscend on an EBITDA and cashflow basis.
July 10, 2023 | 12:19 pm
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TerrAscend's acquisition of Herbiculture is expected to drive substantial sales and profit growth, particularly with the recent launch of adult-use sales in Maryland.
The acquisition of Herbiculture allows TerrAscend to reach the maximum number of dispensaries allowed in Maryland. With the recent launch of adult-use sales in the state, this acquisition is expected to significantly boost TerrAscend's sales and profits.
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