M&A Deal Summary

TerrAscend Acquires Herbiculture

On June 29, 2023, TerrAscend acquired retailer Herbiculture

Acquisition Highlights
  • This is TerrAscend’s 1st transaction in the Retail sector.
  • This is TerrAscend’s 5th transaction in the United States.
  • This is TerrAscend’s 3rd transaction in Maryland.

M&A Deal Summary
Date 2023-06-29
Target Herbiculture
Sector Retail
Buyer(s) TerrAscend
Deal Type Add-on Acquisition

Target

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.

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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 5 of 6
Sector (Retail) 1 of 2
Type (Add-on Acquisition) 5 of 6
State (Maryland) 3 of 3
Country (United States) 5 of 6
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-27 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.

Buy $7M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-06 Ratio Cannabis

New Philadelphia, Ohio, United States

Ratio Cannabis is a cannabis dispensary located in New Philadelphia, Ohio.

Buy -
Mergr

Product

Company

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