Terrascend is a Canadian company with most of its revenue coming from the United States.
Terrascend owns Gage Cannabis which is a well-known brand in the Michigan market, they are the exclusive partner of Cookies in Michigan and has Cookies’ Corners inside of their retail stores and has Cookies-branded stores as well as a Lemonnade store. Terrascend has exclusive rights in Canada for Cookies stores and has opened a store in Toronto.
Canopy Growth Corporation owns around 18% of the company.
OWNERSHIP:
10% – Keystone Canna Remedies.
FACILITIES:
California: 20,000 sq ft cultivation with 5 stores.
Maryland: 4 stores in the state.
Michigan: 16 stores.
New Jersey: 140,000 sq ft cultivation and processing facility.
Pennsylvania: 150,000 sq ft cultivation facility with 6 stores.
NEWS & PARTNERSHIPS:
2017
The company launched Terra Health Network which provides healthcare practitioners with educational materials and resources to facilitate the prescription process for medical cannabis, provides resources to assist their patients in locating coverage for medical cannabis through existing benefit plans and operates locations that serve as dedicated education, training and support centers.
The company launched Terra Health Network which provides healthcare practitioners with educational materials and resources to facilitate the prescription process for medical cannabis, provides resources to assist their patients in locating coverage for medical cannabis through existing benefit plans and operates locations that serve as dedicated education, training and support centers. THN provides a comprehensive patient navigation platform, standardizing the medical experience for patients and healthcare professionals before, during and after the medical visit.
The Terra Health Network acquired assets from Canna Relief Consulting Canada related to the operation of CannaRelief’s education and patient navigation services.
2018
The company announced its plans to enter the US market.
2019
The company acquired Grander Distribution, a hemp business with whole-plant hemp extract products in the US and is available for sale at around 10,000 places areound the world.
The company acquired Ilera Healthcare, 1 of 5 vertical players in Pennsylvania currently operating 1 store with plans to open 2 more including a 67,000 sq ft site for cultivation and processing.
The company entered into a distribution agreement with Syqe to bring its Syqe Inhaler to the Canadian market. Terrascend will use its platform to provide high quality guidance to patients on use of the Syqe device and educate the medical community on the benefits of medical cannabis and the Syqe treatment.
The company acquired 3 The Apothecarium stores and its employees in California, 2 more stores and Valhalla Confections.
The company entered into an agreement to acquire State Flower.
The company announced the news that it would become the first and only cannabis company with sales in the US, Canada, and Europe because of entering a sales and distribution agreement with iuvo Therapeutics, a German pharmaceutical wholesaler with a cannabis-specific import and distribution license.
2020
The company strenghthened its partnership with Precision Extraction Solutions to provide state-of-the-art equipment for TerrAscend’s current and future product lines.
2021
The company opened the biggest The Apothecarium store on the east coast in New Jersey with a 6,500 sq ft footprint with interactive product displays and a large bud bar’ where customers can see and smell flower products before purchasing as well as designated express pickup area for online orders and digital menus in the lobby enabling quick ordering.
The company acquired HMS from Curaleaf, gaining a 22,000 sq ft cultivation and processing facility in Maryland.
The company acquired Keystone Canna Remedies, adding 3 stores in Pennsylvania.
Houseplant products launched at The Apothecarium’s stores in California.
The company announced a multi-year exclusive licensing agreement with Cookies for Terrascend to become the sole cultivator and manufacturer of Cookies-branded products in New Jersey as well as opening Cookies Corners, a store-within-a-store concept in the Apothecarium’s stores in the state.
The company’s offtake agreement with PharmHouse was terminated.
The company started supplying cannabis from Housepant at its Apothecarium stores in California.
2022
The company acquired Gage, gaining access to Gage’s exclusive licensing partnerships in Michigan with Cookies, Blue River, Pure Beauty and Khalifa Kush.
The company and Cookies opened their 3rd and 4th Cookies store in Michigan and their exclusive partnership for cultivation, processing and retail in the state of Michigan was extended until 2026.
The company became the first major US cannabis operatormto launch a mobile retail app on Apple’s App Store.
The company acquired Pinnacle, gaining 5 stores and a license for 1 more store in Michigan with plans to rebrand them into Cookies or Gage.
The company introduced the Cookies Corner with Berner on the spot as a concept at 1 of its stores in New Jersey with plans for the other 2 to follow in the near future. Cookeis Corner offers exclusively Cookies products and accessories through an immersive and branded shopping experience.
The company was the first to launch concentrates in New Jersey.
Terrascend has a multi-year partnership agreement with TRP where Terrascend will cultivate and manufacture Cookies products in Pennsylvania and sell them in its and TRP’s stores in the state.
2023
The company started serving as Wana Brands’ exclusive manufacturer, supplier and commercialization partner in Maryland.
The company became Wana Brands sole manufacturer, supplier, and commercialization partner in New Jersey, offering gummies in the state.
The company entered into a multi-year deal with Wana Brands to be the exclusive manufacturer, supplier and commercial partner for Wana’s products in New Jersey where they will sell them in Terrascend-owned Apothecarium retail stores and other third-party retailers. Terrascend will manufacture and sell Wana Brands’ products in Maryland.
The company sold its facility in Mississauga, Canada.
The company acquired Allegany Medical Marijuana Dispensary and went into a long-term lease with an option to buy the real estate, a store in Maryland.
The company acquired Peninsula Alternative Health, its 3rd store in Maryland.
The company acquired Herbiculture, reaching the Maryland cap for 4 stores.
The company launched the first Lemonnade-branded store in Michigan in partnership with Cookies, featuring an exclusive lineup of flavorful and uplifting Sativas.
The company opened its 5th Cookies store in Michigan.
The company expanded its partnership with Cookies by entering into a 5-year licensing agreement for the cultivation and manufacture of Cookies products in Maryland.
The company partnered with Wana Brands for the exclusive manufacture and sales of their products at The Apothecarium stores and other 3rd party retailers in New Jersey.
2024
The company announced a 10 million USD share repurchase program.
2025
The company signed an agreement to acquire its 4th store in NJ through the acquisition of Union Chill.
The company entered Ohio by acquiring a store called Ratio Cannabis in Goshen Township, a suburb of Cincinnati.
The company announced plans to exit the Michigan market by selling its 20 stores and 4 cultivation facilities.
The company renewed its $10 million share repurchase program.
The company announced an exclusive licensing agreement with Tyson 2.0 for T2 products to be launched across Maryland and Pennsylvania. In Pennsylvania, the company will manufacture and distribute flower, vapes, concentrates, and troches through Apothecarium retail stores as well as the company’s wholesale network whereas in Maryland, they will manufacture and distribute premium flower, vapes and edibles.
The company teamed up with Tyson 2.0 through an exclusive licensing agreement to manufacture and distribute T2 premium flower, vapes and edibles products in Maryland as well as flower, vapes, concentrates, and troches to be sold in Apothecarium stores as well as the company’s wholesale network in Pennsylvania.
The company acquired its 4th store in New Jersey.
TYSON 2.0 launched in Pennsylvania & Maryland with sales through Apothecarium stores and wholesale partners.
BRANDS:
Valhalla Confections has gained a following thanks to their consistently dosed, well-tasting, and fast-acting gummies on the market. Products on offer are gummies, chocolate bars, and cannabis-infused beer.
State Flower aims to grow exceptional flower. The company produces small batch and is a boutique operation even though it is large scale as the company has the biggest grow in San Francisco. The brand has a sustainable offering in flower jars up to half an ounce and pre-rolls in multipacks and singles.
Haven St. provides premium cannabis. The brand was founded in quality and pursues innovation. The brand has divided up their products into 5 different categories called blocks and consist of the 100s called Peace which is high in CBD and offers a tea, the 200s is called Reset and is a balanced THC/CBD in a 1:1 ratio which offers a tea, the 300s is called Focus and is balanced with a 1:2 ratio of THC and CBD, the 400s is called Drift offering flower, pre-rolls and a tea in a THC to CBD ratio of 2:1 as well as a vape cartridge high in THC, the 500s is called Rise offering even stronger flower, pre-rolls, vape cartridges and a tea with 10 mg THC and less than 1 mg CBD. The brand also offers gummies and accessories.
Legend aims to preserve the simplicity of cannabis by offering simple products, selling it in minimal packaging offering vape cartridges, pre-rolls, whole flower hash and pre-shred flower. Top-quality flower at everyday prices, Legend is sold in Michigan at Gage, Cookies and Pinnacle Emporium locations. Legend embraces the entourage or synergy effect from cannabinoids and terpenes being sold in 14 and 28 gram packages.
Original Hemp is one of the company’s CBD brands and is distributed nationwide in the following formats: tinctures, topicals, capsules, and gummies.
Kind Tree is producing small-batch cannabis while respecting the earth at the same time by cultivating and producing cannabis sustainably and eco-friendly. Kind Tree’s Grower’s Reserve is the brands collection of timeless top-shelf strains. The brand is active in Pennsylvania, New Jersey and Maryland and offers flower and pre-rolls, vape and live resin cartridges, as well as distillate syringes, concentrates and THC+ tinctures.
Funky Farms prides itself on delivering innovative CBD lines for the modern consumer. All of products are made from sustainably grown hemp CBD which is then infused with natural flavors and terpenes for a deliciously funky experience. Products for sale are vape cartridges, ready to use vape devices, tinctures and gummies.
Ilera Healthcare offers premium flower which is locally grown and sustainable. Its proprietary formulations are designed with scientifically calibrated rations of cannabinois, flavonoids, terpenes and other active ingredients. The brand has also partnered with grassroots community organizations to produce targeted products to address symptons for veterans and yoga and wellness practitioners. The brand offers products such as vape cartridges, tinctures and topicals.
RETAIL BRANDS:
The Apothecarium has 5 stores in California, 3 in New Jersey and 6 in Pennsylvania. The retail brand’s mission is to provide members with quality cannabis in a welcoming environment with empathy, education and ongoing personal support. The idea of the brand was started as Ryan Hudson, who is a co-founder, was standing in line at a store with a serious issue and overheard the lady in front of him not being able to be provided with sufficient information. He then decided he would start a store where you can find quality cannabis and also information and support to use the sold products safely and effectively in a welcoming non-judgemental environment. The brands’ stores emphasize on education about the plant and its effects by offering cannabis education events open to the public. Stores also focus on customer service for seniors, first-time store visitors and patients with serious medical conditions. Guests may order their products in the stores or online for pickup or delivery.
Allegany Medical Marijuana Dispensary offers medical cannabis engineered and cultivated to treat the conditions and diseases approved by the Maryland Medical Cannabis Commission and products include dried flowers, vapes and oils, concentrates, topicals, wax, pills as well as ancillary products. The goal of the brand is to help individuals think about marijuana in a holistically healthy way. The brand also offers daily deals.
Ratio Cannabis is in Ohiois named after their idea of helping every customer with their correct ratio for their products.