News Formal

Cannabis company TerrAscend moves into Michigan with $545 million all-stock Gage Growth acquisition

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

TerrAscend will set up shop in its fifth state in a move praised by at least one analyst.

TerrAscend Corp. on Thursday drew praise for its $545 million all-stock purchase of Gage Growth Corp. in a move by the cannabis dispensary company to set up shop in Michigan.

TerrAscend said its footprint will grow to five states and Canada, including seven cultivation facilities and 23 dispensaries serving the medical and adult use markets, once the deal closes. TerrAscend currently operates in Pennsylvania, New Jersey, and California, with licensed cultivation and processing operations in Maryland and licensed production in Canada.

Adjusted earnings before interest, taxes, depreciation and amortization tripled to $24.3 million from $8.4 million.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

this is terrible news

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Top cannabis acquisition targets after TerrAscend-Gage deal: ViridianThe pullback in cannabis stocks creates a prime opportunity for companies to scoop up smaller players. A top Wall Street analyst names 7 prime targets. We're looking forward to discussing this with the top cannabis executives in the industry at MSOcon! More info & tickets 🎟️ 👉
Source: BusinessInsider - 🏆 729. / 51 Read more »

Carrefour shares buck a rally for Europe stocks as one of the world’s richest men sells his stakeStocks gained in Europe as September trading kicked off, with big move for retailers, luxury goods makers and drinks companies.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks making the biggest moves after hours: Chewy, Five Below, ChargePoint and moreThese are the stocks posting the largest moves in midday trading. Damn you Chewy, we all know you ain't shit compared to $WOOF
Source: CNBC - 🏆 12. / 72 Read more »

Electric vehicles and more: UBS picks the green tech stocks set to outperformUBS named its “best investment ideas” across U.S. and global green technology stocks, including electric vehicle, battery and renewable energy companies.
Source: CNBC - 🏆 12. / 72 Read more »