TerrAscend Expands Its Footprint in the U.S. Cannabis Market

In a significant move within the cannabis industry, TerrAscend Corp., a leading North American cannabis company, has recently expanded its operations into Ohio, marking its entry into its sixth U.S. state. This strategic acquisition, announced on May 7, 2025, involves the purchase of Ratio Cannabis LLC, a well-established dispensary located in Goshen Township, Ohio. The transaction is expected to be immediately accretive on an EBITDA and cash flow basis, signaling a positive financial impact for TerrAscend.

The acquisition of Ratio Cannabis LLC is not just a mere expansion but a strategic move that enhances TerrAscend’s retail footprint to 39 dispensaries across six U.S. states and Canada. The Ohio dispensary, known for generating $9 million in annualized revenue, represents a significant addition to TerrAscend’s portfolio, further solidifying its position as a leader in the cannabis industry.

This move comes on the heels of another strategic acquisition by TerrAscend, where it signed an agreement to acquire Union Chill, a single dispensary operator in Hunterdon County, New Jersey. Union Chill, generating over $11 million in annualized revenue, is expected to further solidify TerrAscend’s leadership position in New Jersey, marking its fourth dispensary in the state.

TerrAscend, listed on the TSX under the ticker TSND and on the OTCQX under TSNDF, continues to demonstrate its aggressive expansion strategy in the cannabis sector. These acquisitions not only expand its market presence but also enhance its operational capabilities and financial performance.

North American Cannabis Holdings Inc.: A Glimpse into the Company

While TerrAscend’s recent activities have been making headlines, it’s also worth noting the status of North American Cannabis Holdings Inc., a vertically integrated company operating in the cannabis industry. Listed on the OTC Bulletin Board, the company has a market cap of 23,540 USD, with a close price of 0.00001 USD as of May 4, 2025. Despite its modest market cap and share price, North American Cannabis Holdings Inc. remains a part of the dynamic and rapidly evolving cannabis industry landscape.

As the cannabis industry continues to grow and evolve, companies like TerrAscend and North American Cannabis Holdings Inc. play pivotal roles in shaping the market dynamics. With strategic acquisitions and expansions, TerrAscend is positioning itself as a formidable player in the North American cannabis market, while North American Cannabis Holdings Inc. continues to navigate the complexities of the industry.

The recent developments in the cannabis sector underscore the industry’s potential for growth and the strategic maneuvers companies are undertaking to capitalize on this burgeoning market. As TerrAscend expands its footprint and North American Cannabis Holdings Inc. continues its operations, the cannabis industry remains a space to watch for investors and industry watchers alike.