On December 26, 2025, TerrAscend Corp., a leading North American cannabis company, acquired the option to purchase Union Chill Cannabis Company LLC, a high-performing, single dispensary operator in Hunterdon County, New Jersey, where TerrAscend’s consolidated entities will operate its fourth dispensary in New Jersey. In exchange, TerrAscend issued convertible notes with a principal amount of US$9 million and a conversion price of US$1.89.
The acquisition is expected to immediately enhance TerrAscend’s EBITDA and cash flow and enhance its leadership in New Jersey.
Cassels acted for TerrAscend.