On July 9, 2025, TerrAscend Corp., a leading North American cannabis company, completed an upsize to its senior secured syndicated term loan of $79 million with FocusGrowth Asset Management, LP.
In connection with the transaction, an additional uncommitted term loan facility in an aggregate principal amount of up to $35 million and a delayed draw term loan in the aggregate principal amount of $4 million have been made available to TerrAscend, for a total maximum availability of $258 million across the various credit facilities.
The proceeds of the financing will, among other things, be used for future mergers and acquisitions and other growth initiatives.
Cassels acted as Canadian counsel to TerrAscend.