TerrAscend Expands in New Jersey with Acquisition of Union Chill

On May 6, 2025, TerrAscend Corp., a leading North American cannabis company, announced a significant expansion in New Jersey through the acquisition of Union Chill Cannabis Company. This strategic move marks TerrAscend’s fourth dispensary in the state, further solidifying its leadership position in the cannabis market.

Union Chill, a single dispensary operator located in Hunterdon County, New Jersey, generates over $11 million in annualized revenue. The acquisition is expected to be immediately accretive to TerrAscend’s EBITDA and cash flow, enhancing the company’s financial performance. The transaction is pending regulatory approval.

With this acquisition, TerrAscend plans to introduce its premium brand portfolio, including Kind Tree, Legend, Valhalla, Cookies, and Wana, to the New Jersey market. The company aims to sign multiple additional transactions in New Jersey by the end of 2025 and is expanding its cultivation and manufacturing capacity at its Boonton facility.

Post-acquisition, TerrAscend’s retail footprint will expand to 39 dispensaries across five U.S. states and Canada. This expansion underscores TerrAscend’s commitment to growth and leadership in the cannabis industry.

North American Cannabis Holdings Inc. Overview

North American Cannabis Holdings Inc., listed on the OTC Bulletin Board, is a vertically integrated company operating in the cannabis industry. As of May 4, 2025, the company’s close price was $0.00001, with a market capitalization of $23,540. The 52-week high was $0.0001, and the low was $0.00001, both recorded on May 4, 2025. The company operates in the United States and trades in USD.

This news highlights the dynamic nature of the cannabis industry, with companies like TerrAscend and North American Cannabis Holdings Inc. actively pursuing growth opportunities to strengthen their market positions.