[PRESS RELEASE] – TORONTO, Sept. 16, 2026 – TerrAscend Corp., a leading North American cannabis operator, announced that its consolidated entities (together with the company, “TerrAscend”) have closed on the previously announced transaction with Aunt Mary’s Dispensary LLC, located in Hunterdon County, N.J. Aunt Mary’s is TerrAscend’s fifth retail location in New Jersey and will be immediately accretive to TerrAscend on an EBITDA and free cash flow basis.
“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,” TerrAscend Executive Chairman Jason Wild said. “We are excited to welcome the Aunt Mary’s team to the TerrAscend family.”
In June 2026, TerrAscend entered into an agreement with Aunt Mary’s and the other parties named therein for total consideration of US$9 million, comprised of (i) US$3 million in the form of a five-year unsecured convertible debenture (the “debenture”) bearing interest at 6% per annum (subject to the company’s right to pay interest in kind at the interest rates provided for and in accordance with the terms and conditions of the debenture) for an option to purchase 35% of Aunt Mary’s (the “option”) and (ii) US$6 million payable in cash upon exercise of the option.
The transaction conforms to New Jersey’s regulatory framework, which facilitates investment opportunities for diversely owned businesses. Upon exercise of the option and subject to additional conditions, the transaction will allow the company to fully consolidate the business in its financial results and increase TerrAscend's consolidated retail footprint to a total of 21 dispensaries across five U.S. states and Canada.
