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M&A / Property

TerrAscend Increases Retail Footprint in New Jersey with Closing of Union Chill Dispensary Transaction

By The Northwire Desk — AI Analysis Dec 30, 2025 · 09:00 TSND · 0.97 TERRASCEND CORP. J
TSND · Price

Executive Summary

  • TerrAscend closed its previously announced transaction to acquire Union Chill Cannabis Company LLC, adding a high‑performing dispensary in Hunterdon County, New Jersey.
  • The deal expands TerrAscend’s New Jersey retail footprint to four dispensaries and is expected to be immediately accretive to EBITDA and cash flow, contributing over $11 million of annualized revenue.
  • Consideration totals $13 million, comprised of $9 million in 6.5% convertible notes (with an option to purchase 35% of Union Chill) and $4 million in cash upon exercise of that option; full consolidation is anticipated after the option is exercised.

Key Details

  • Transaction Structure:
  • Total consideration: $13 M
  • $9 M issued as convertible notes bearing 6.5% interest, granting TerrAscend an option to purchase 35 % of Union Chill.

  • Additional $4 M cash payable upon exercise of the option.

  • Operational Impact:

  • Union Chill generates > $11 M in annualized revenue.
  • Expected immediate contribution to TerrAscend’s EBITDA and cash flow.

  • Expands TerrAscend’s New Jersey retail presence to four dispensaries; total consolidated footprint will reach 20 dispensaries across five U.S. states and Canada after full consolidation.

  • Strategic Rationale:

  • Strengthens TerrAscend’s leadership position in New Jersey with a location that has limited competition within a 10‑mile radius.

  • Integration of TerrAscend’s premium brand portfolio is projected to boost sales, margins, and long‑term value.

  • Regulatory Compliance:

  • Transaction conforms to New Jersey’s regulatory framework for diversified ownership investments in cannabis businesses.

  • Future Steps:

  • Upon exercising the option and meeting additional conditions, Union Chill will be fully consolidated into TerrAscend’s financial results.

Notable Quotes

“Union Chill will strengthen our leadership position in New Jersey with the addition of a high‑performing dispensary strategically located in Hunterdon County,” – Jason Wild, Executive Chairman, TerrAscend.
“With the integration of our premium brand portfolio, we expect to drive increased sales, margins, and long‑term value.” – Jason Wild

Read the original news release →

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