M&A Deal Summary

TerrAscend Acquires Union Chill

On May 6, 2025, TerrAscend acquired retailer Union Chill

Acquisition Highlights
  • This is TerrAscend’s 3rd transaction in the Retail sector.
  • This is TerrAscend’s 7th transaction in the United States.
  • This is TerrAscend’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2025-05-06
Target Union Chill
Sector Retail
Buyer(s) TerrAscend
Deal Type Add-on Acquisition

Target

Union Chill

Lambertville, New Jersey, United States
Union Chill is a women-owned craft cannabis retail in Hunterdon County. Union Chill is based in Lambertville, New Jersey.

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Buyer(S) 1

Buyer

TerrAscend

Mississauga, Ontario, Canada

Category Company
Founded 2017
Sector Consumer Products
Employees950
Revenue 307M USD (2024)
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 7 of 7
Sector: Retail M&A 3 of 3
Type: Add-on Acquisition M&A Deals 7 of 7
State: New Jersey M&A 1 of 1
Country: United States M&A 7 of 7
Year: 2025 M&A 1 of 1
PREVIOUS 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.

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