[PRESS RELEASE] – TORONTO, Might 6, 2025 – TerrAscend Corp., a number one North American hashish corporate, introduced it has signed an settlement the place its consolidated entities will function a fourth dispensary in New Jersey. Union Kick back Hashish Co. LLC, a high-performing, unmarried dispensary operator in Hunterdon County, is predicted to be straight away accretive to TerrAscend on an EBITDA and cash-flow foundation and additional solidifies the corporate’s management place within the state. The ultimate stays topic to regulatory approval.
“Union Kick back is a robust performer, producing greater than $11 million in annualized earnings from its location in Hunterdon County,” TerrAscend Government Chairman Jason Wild stated. “We see a transparent alternative to make stronger gross sales and margins by means of introducing our portfolio of top rate manufacturers, together with Sort Tree, Legend, Valhalla, Cookies and Wana.
“We’re actively comparing further enlargement alternatives in New Jersey and be expecting to signal a couple of further transactions by means of the top of 2025. We also are heading in the right direction with the growth of cultivation and production capability at our Boonton facility, making sure we will be able to meet the higher call for from each the growth in our retail footprint in addition to our rising wholesale industry.”
Established in 2023, Union Kick back is well-situated with restricted festival inside a 10-mile radius. Upon ultimate of the transaction, Union Kick back will build up TerrAscend’s retail footprint to 39 dispensaries throughout 5 U.S. states and Canada.
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