TORONTO — TerrAscend Corp. acquired Union Chill Cannabis Company LLC, a dispensary in Hunterdon County, New Jersey. The transaction expands TerrAscend’s retail footprint to four dispensaries in New Jersey.
In May 2025, TerrAscend signed an agreement with Union Chill for total consideration of $13 million consisting of $9 million in the form of convertible notes bearing interest at 6.5 percent for an option to purchase 35 percent of Union Chill and $4 million in cash upon the exercise of the option. The transaction conforms to New Jersey’s regulatory framework, which facilitates investment opportunities for diversely owned businesses. The transaction will allow the company to fully consolidate the business in its financial results and increase TerrAscend’s consolidated retail footprint to a total of 20 dispensaries across five U.S. states and Canada.
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