TerrAscend has closed on the previously announced transaction with Union Chill Cannabis Company LLC.
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% for an option to purchase 35% of Union Chill and $4 million in cash upon the exercise of the option.
"Union Chill will strengthen our leadership position in New Jersey with the addition of a high-performing dispensary strategically located in Hunterdon County," said Jason Wild, Executive Chairman of TerrAscend. "This dispensary is well situated with limited competition within a 10-mile radius and is currently generating over $11 million in annualized revenue. With the integration of our premium brand portfolio, we expect to drive increased sales, margins, and long-term value."
For more information:
TerrAscend
terrascend.com
