M&A Deal Summary

TerrAscend Acquires Blue Ridge Wellness

On June 27, 2023, TerrAscend acquired consumer products company Blue Ridge Wellness for 7M USD

Acquisition Highlights
  • This is TerrAscend’s 3rd transaction in the Consumer Products sector.
  • This is TerrAscend’s 2nd largest (disclosed) transaction.
  • This is TerrAscend’s 4th transaction in the United States.
  • This is TerrAscend’s 2nd transaction in Maryland.

M&A Deal Summary
Date 2023-06-27
Target Blue Ridge Wellness
Sector Consumer Products
Buyer(s) TerrAscend
Deal Type Add-on Acquisition
Deal Value 7M USD

Target

Blue Ridge Wellness

Parkville, Maryland, United States
Blue Ridge Wellness is a medical dispensary that offers a complete selection of its brands including Kind Tree, Gage, Cookies, and Wana. Blue Ridge is based in Parkville, Maryland.

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Buyer(S) 1

Buyer

TerrAscend

Mississauga, Ontario, Canada
Category Company
Founded 2017
Sector Consumer Products
Employees101
Revenue 317M USD (2023)
DESCRIPTION

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.

DEAL STATS #
Overall 4 of 6
Sector (Consumer Products) 3 of 3
Type (Add-on Acquisition) 4 of 6
State (Maryland) 2 of 3
Country (United States) 4 of 6
Year (2023) 2 of 3
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-08 Peninsula Alternative Health

Salisbury, Maryland, United States

Peninsula Alternative Health is a medical cannabis dispensary that offers a diversity of products in Maryland. Peninsula Alternative Health is based in Salisbury, Maryland.

Buy $22M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-29 Herbiculture

Burtonsville, Maryland, United States

Herbiculture is a medical marijuana dispensary, that provides clients with quality medical cannabis. Herbiculture was founded in 2017 and is based in Burtonsville, Maryland.

Buy -
Mergr

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