TerrAscend has expanded its partnership with Precision Extraction Solutions. "Through a newly signed agreement, Precision, a Detroit-based company, will provide state-of-the-art equipment for TerrAscend’s current and future product lines," the team with the company explains.
"Precision is designing a multi-solvent lab in TerrAscend’s New Jersey facility, currently under construction in Boonton Township. This new lab will be one of only a few of its kind in the United States. The dual-capacity facility will allow TerrAscend to produce a wide range of popular and innovative products, from medical grade vaporizer oils to live resins and various concentrate formats."
Additionally, Pennsylvania based Ilera Healthcare, a wholly-owned subsidiary of TerrAscend, is boosting its production capabilities with new Precision X10 lab extraction systems. The Company will upgrade its ancillary and post-processing equipment provided by Precision, as well. This agreement also provides TerrAscend with special terms and expedited access to spare part packages.
“We are pleased to partner with a best-in-class operator like TerrAscend that puts quality and integrity first,” said Michael Lewis, VP of Business Development for Precision Extraction Solutions. “While other operators began scaling back last year, TerrAscend has continued to move forward and expand in their key markets. We are grateful to work closely with their talented team and are proud to be an integral part of their growth.”
For more information:
TerrAscend
terrascend.com
