TerrAscend - M&A Summary and Business Overview

Consumer ProductsCompany

TerrAscend M&A Summary

TerrAscend has acquired 6 companies, including 6 in the last 5 years.

TerrAscend’s largest acquisition to date was in 2023, when it acquired Derby 1 for $22M. TerrAscend has acquired in 4 different US states. The Company’s most targeted sectors include consumer products (50%) and retail (34%).

TerrAscend Business Overview

Where is TerrAscend headquartered?

TerrAscend is headquartered in Mississauga, Ontario.

What is TerrAscend’s revenue?

TerrAscend disclosed revenue of 317M USD for 2023 and 248M USD for 2022.

How many employees does TerrAscend have?

TerrAscend has 101 employees.

What sector is TerrAscend in?

TerrAscend is a consumer products company.

When was TerrAscend founded?

TerrAscend was founded in 2017.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity6
  • Total Sectors Invested 3
  • Total Countries Invested 1

TerrAscend

TerrAscend Corp.

PO Box 43125,
Mississauga, Ontario L5C 1W2
Canada,
(855) 837-7295
www.terrascend.com

TerrAscend provides quality products, brands, and services to the global cannabinoid market. TerrAscend operates a number of synergistic businesses, including The Apothecarium, cannabis dispensary with several retail locations in California and Nevada; Arise Bioscience Inc., a manufacturer and distributor of hemp-derived products; Ascendant Laboratories Inc., a biotechnology and licensing company committed to the continuous improvement of cannabinoid expressing plants; Solace RX Inc., a proposed Drug Preparation Premises (DPP) focused on the development of novel formulations and delivery forms; and Valhalla Confections, a manufacturer of premium cannabis-infused edibles. TerrAscend was founded in 2017 and is based in Mississauga, Ontario.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 2 - - - 3 1 6
vol $29M $29M
Sell (0.0/yr) # - - - - - - 0
  6

Most Recent M&A

Company Date Value Type
Ratio Cannabis LLC 2024-11-06 - Add-on Acquisition
New Philadelphia, Ohio · www.ratio-cannabis.com
Herbiculture, Inc. 2023-06-29 - Add-on Acquisition
Burtonsville, Maryland · www.herbiculture.com
Hempaid LLC 2023-06-27 7M USD Add-on Acquisition
Parkville, Maryland · www.blueridgewellnessmd.com
Derby 1 LLC 2023-06-08 22M USD Add-on Acquisition
Salisbury, Maryland · www.peninsulamd.com
ABI SF LLC 2019-08-28 - Add-on Acquisition
San Francisco, California
Ilera Healthcare 2019-08-02 - Add-on Acquisition
Newtown Square, Pennsylvania · www.ilerahealthcare.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Consumer Products 3 (50%) 29M (100%) - -
Retail 2 (33%) - - -
Agriculture 1 (17%) - - -
Total 6 $29M - -

By Geo

State/Country Buy Value Sell Value
United States 6 29M - -
  Maryland 3 29M - -
  Pennsylvania 1 - - -
  Ohio 1 - - -
  California 1 - - -
Total 6 $29M - -

Deal Values

buy # Total
< $100M 2 $29M
TOTAL $29M
Largest Derby 1 LLC
$22M (2023-06-08)

Company Summary

SECTOR

Consumer Products

Revenue

317   28% 2023
248   28% 2022
194   47% 2021
132   104% 2020
65   984% 2019
6   2018
(millions of USD) Show More Show Less

Employees

101

Established

2017

Public

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Ontario Companies , Consumer Products Companies , Canada Companies , Ontario Consumer Products Companies , Ontario Consumer Products with Acquisitions , Ontario Consumer Products with Divestitures

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