TerrAscend Completes Aunt Mary's Acquisition

TerrAscend (TSND.TO) on Wednesday said it closed its $9-million acquisition of Aunt Mary's Dispensary in New Jersey.

Aunt Mary's is TerrAscend's fifth retail location in the state and will be immediately accretive on an EBITDA and free cash flow basis, a statement added.

"Aunt Mary's generates more than US$10 million in annualized revenue today, and we see meaningful opportunities to enhance sales and profitability through the integration of our premium brand portfolio," said executive chair Jason Wild.

TerrAscend shares were last seen down CA$0.01 to CA$0.90 on the Toronto Stock Exchange.

Price: $0.90, Change: $-0.01, Percent Change: -1.10%

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