[PRESS RELEASE] – TORONTO, June 30, 2026 – TerrAscend Corp., a leading North American cannabis operator, announced it has signed an option agreement where its consolidated entities (together with the company, “TerrAscend”) were granted an option to purchase a fifth dispensary in New Jersey. Aunt Mary’s Dispensary LLC, located in Hunterdon County, is expected to be immediately accretive to TerrAscend on an EBITDA and free cash flow basis, further extending TerrAscend’s leadership position in the state.
The closing of the transaction is subject to standard conditions including regulatory approval.
"Aunt Mary's is a strong performer, generating over $10 million in annualized revenue," TerrAscend Executive Chairman Jason Wild said. "We see a clear opportunity to enhance margins through vertical integration and the introduction of our premium brand portfolio, including Kind Tree, Legend, Valhalla and Cookies. This acquisition reflects our continued focus on disciplined, accretive transactions, and we remain active in evaluating additional opportunities to expand our retail footprint."
Established in February 2023, Aunt Mary’s is located in a high-traffic retail corridor in Flemington, N.J. The dispensary includes 5,200 square feet of retail space and benefits from limited nearby competition.
The total purchase price payable by TerrAscend is equal to $9 million, comprised of $3 million in the form of a five-year unsecured convertible promissory note bearing interest at 6% for an option to purchase 35% of Aunt Mary’s and $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.
