TerrAscend Closes on Ohio Dispensary Acquisition

Group 1 - TerrAscend Corp. has completed the acquisition of Ratio Cannabis LLC, marking its entry into Ohio and expanding its retail presence to 39 dispensaries across six U.S. states and Canada [1][2] - The acquisition is expected to be immediately accretive on an EBITDA and cash flow basis, with Ratio Cannabis generating $9 million in annualized revenue and having no competition within a 20-mile radius [1][2] - The company plans to pursue additional dispensary acquisitions in Ohio, aiming to reach the state limit of eight dispensaries [2] Group 2 - TerrAscend is a leading cannabis company listed on the TSX, with operations in Pennsylvania, New Jersey, Maryland, Michigan, and California, as well as retail operations in Canada [2] - The company operates various brands and dispensaries, including The Apothecarium and Gage, and has a focus on high-quality cannabis cultivation and manufacturing [2]