M&A Deal Summary

TerrAscend Acquires Ilera Healthcare

On August 2, 2019, TerrAscend acquired agriculture company Ilera Healthcare

Acquisition Highlights
  • This is TerrAscend’s 1st transaction in the Agriculture sector.
  • This is TerrAscend’s 1st transaction in the United States.
  • This is TerrAscend’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2019-08-02
Target Ilera Healthcare
Sector Agriculture
Buyer(s) TerrAscend
Deal Type Add-on Acquisition

Target

Ilera Healthcare

Newtown Square, Pennsylvania, United States
Ilera Healthcare is a medical marijuana cultivator, processor and dispenser, offering patients registered in the Pennsylvania Medical Marijuana program with products that provide the relief they want to lead healthier lives. Ilera Healthcare is based in Newtown Square, Pennsylvania.

Search 201,893 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 1 of 6
Sector (Agriculture) 1 of 1
Type (Add-on Acquisition) 1 of 6
State (Pennsylvania) 1 of 1
Country (United States) 1 of 6
Year (2019) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-28 State Flower Brand

San Francisco, California, United States

ABI SF LLC operates through State Flower brand which provides ultra-premium cannabis flower and is currently sold through dispensaries in California and Nevada, including The Apothecarium.

Buy -
Mergr

Product

Company

Legal