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US (NJ): Cannabis cultivation facility scaling up

With the legalization of adult-use cannabis in the Garden State, TerrAscend Corp. is increasing production at its cultivation and manufacturing facility in Boonton and expects to open three Alternative Treatment Centers in the Northern region of New Jersey.
"With production at our Boonton cultivation and manufacturing facility scaling up, we have assembled a comprehensive portfolio of high-quality cannabis products and brands to serve this rapidly growing market," Greg Rochlin, CEO of TerrAscend Northeast said. "As with all of our Apothecarium dispensaries, we are committed to providing patients with quality medical cannabis in a welcoming environment with empathy, education, and ongoing personal support."

New Jersey is the 11th largest state in the U.S. by population, with nearly 9 million residents, and more than 94,000 registered medical cannabis patients. The Company expects to open the remaining two ATCs, or dispensaries in 2021 upon regulatory approval. The Northern region of New Jersey has the highest density of patients in the state, and TerrAscend is one of four permit holders.

One of the three proposed facilities has already opened in Warren County. The NJ Department of Health has approved TerrAscend to dispense medical cannabis from its first dispensary in New Jersey.


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