Expands New Jersey retail footprint to four dispensaries Dispensary generates over $11 million in annualized revenue and is expected to be immediately accretive to EBITDA and cashflow Transaction further solidifies TerrAscend’s leadership position in state TORONTO, Dec. 30, 2025 (GLOBE NEWSWIRE) -- TerrAscend Corp. (the "Company") (TSX: TSND) (OTCQX: TSNDF), a leading North American cannabis company, today announced that its consolidated entities (“TerrAscend”) closed on the previously announced transactio ...

Expands New Jersey retail footprint to four dispensaries  Dispensary generates over $11 million in annualized revenue and is expected to be immediately accretive to EBITDA and cashflow Transaction further solidifies TerrAscend’s leadership position in state TORONTO, Dec. 30, 2025 (GLOBE NEWSWIRE) -- TerrAscend Corp. (the "Company") (TSX: TSND) (OTCQX: TSNDF), a leading North American cannabis company, today announced that its consolidated entities (“TerrAscend”) closed on the previously announced transactio ...

Core Viewpoint - Verano Holdings Corp. is expanding its presence in West Virginia with the opening of Zen Leaf Charleston, its sixth dispensary in the state, enhancing its nationwide footprint to 159 locations [1][6]. Company Expansion - Zen Leaf Charleston is located at 117 Summers Street and will operate Monday to Saturday from 10 a.m. to 7 p.m. and Sunday from 10 a.m. to 5 p.m. local time [1]. - This new dispensary complements Verano's existing five locations in West Virginia: Buckhannon, Clarksburg, Morgantown, Westover, and Wheeling [2][6]. Market Context - The West Virginia Department of Health reports over 35,000 approved medical cannabis patients in the state, indicating a growing market for medical cannabis [2]. - Zen Leaf Charleston is situated in Charleston, the most populous municipality in West Virginia, which has a population of 48,000 residents [6]. Operational Capacity - Verano's operations in West Virginia include a 40,000 square foot cultivation and processing facility in Beaver, producing a variety of branded products for medical patients [3]. - The company operates 15 production facilities across 13 U.S. states, with over 1.1 million square feet of cultivation capacity [5][6]. Product Offering - Verano offers a diverse range of high-quality cannabis products under various brands, including Essence, MÜV, Savvy, BITS, Encore, and Avexia [5]. - The company provides a superior shopping experience in both medical and adult-use markets through its Zen Leaf and MÜV dispensary banners [5].

Core Insights - TerrAscend Corp reported net revenue of $65.1 million for Q3 2025, showing stability compared to $65.0 million in Q2 2025 and $65.2 million in Q3 2024 [6][12] - The company achieved a gross profit margin of 52.1%, an increase from 51.1% in Q2 2025 and 51.0% in Q3 2024, indicating improved operational efficiency [7][13] - TerrAscend has maintained positive cash flow from continuing operations for 13 consecutive quarters and positive free cash flow for 9 consecutive quarters, with net cash provided from continuing operations at $7.1 million [11][17] Financial Performance - GAAP net loss from continuing operations was $9.9 million, compared to a loss of $6.4 million in Q2 2025 and $15.8 million in Q3 2024, reflecting a reduction in losses year-over-year [14] - Adjusted EBITDA from continuing operations was $17.0 million, or 26.1% of revenue, compared to $16.0 million (24.6%) in Q2 2025 and $16.9 million (25.9%) in Q3 2024, indicating improved profitability metrics [15][36] - Free cash flow for the quarter was $4.9 million, slightly down from $5.0 million in Q2 2025 and $6.1 million in Q3 2024 [17][36] Business Developments - The company completed a $79 million non-dilutive refinancing of existing debt and established an additional uncommitted term loan facility of up to $35 million for strategic M&A [11][18] - TerrAscend is on track to exit the Michigan market by year-end 2025, with plans to divest substantially all Michigan assets, which will be used to pay down existing debt [5][11] - The company continues to evaluate strategic opportunities through a disciplined M&A approach, supported by a strong balance sheet with increased cash and no material debt maturities for several years [5][11] Market Position - TerrAscend maintained its leadership position in New Jersey, with four of its six stores ranking among the top ten in Pennsylvania and a 14.8% revenue increase in Maryland year-over-year [4][11] - The Apothecarium store in Phillipsburg was recognized as the 1 store in New Jersey out of nearly 250 licensed dispensaries [11] - The company’s brands, Kind Tree and Legend, consistently ranked in the top 10 across New Jersey, despite the market's rapid expansion [11]

Core Viewpoint - Planet 13 Holdings Inc. has announced the opening of a new dispensary in Pace, Florida, expanding its presence in the cannabis market and aiming to serve local communities with high-quality products and customer service [1][3]. Company Expansion - The new dispensary is strategically located across from major retailers like Walmart and Lowe's, in a rapidly growing community known for its family-friendly environment [2]. - The dispensary will operate seven days a week, with hours from 9 a.m. to 7 p.m. Monday through Saturday, and 11 a.m. to 5 p.m. on Sundays [2]. Community Engagement - The company plans a grand opening celebration on November 22, 2025, featuring exclusive perks and local vendors to enhance community engagement [3]. Company Overview - Planet 13 is a vertically integrated cannabis company with operations in California, Nevada, Illinois, and Florida, known for its award-winning cultivation and dispensary services [5]. - The company aims to build a recognizable global brand in the cannabis industry, focusing on innovative products and exceptional dispensary experiences [5].

Core Insights - Verano Holdings Corp. has announced the grand opening of Zen Leaf Antwerp, expanding its Ohio dispensary footprint to six locations [1][4] - Zen Leaf Antwerp is located in a historic train depot, offering a unique shopping experience for cannabis consumers [2][4] - The company aims to create jobs and stimulate economic growth in the community through this new dispensary [4] Company Overview - Verano is a leading multi-state cannabis company with a mission focused on plant progress and cannabis exploration [6] - The company operates under the Zen Leaf™ and MÜV™ dispensary brands, providing a wide range of high-quality cannabis products [6] - Verano's operations span 13 U.S. states with 15 production facilities and over 1.1 million square feet of cultivation capacity [6] Location and Historical Significance - Zen Leaf Antwerp is situated in the Norfolk and Western Train Depot, built in 1880 and listed on the National Register of Historic Places [2] - The dispensary's design preserves the historic character of the building while providing modern cannabis retail services [2][4] Community Engagement - A job fair will be held at Zen Leaf Antwerp on October 17th and 18th, offering in-person interviews for cannabis advisor positions [3] - The company emphasizes its commitment to community development and job creation through its operations [4]

Core Insights - Trulieve Cannabis Corp. is opening a new dispensary in Bisbee, Arizona, enhancing access for patients and customers in south Cochise County [1][2] - The grand opening celebration is scheduled for September 12, 2025, featuring various community activities [2] - Trulieve operates multiple dispensaries across Arizona, indicating a strong market presence [3] Company Overview - Trulieve is a leading vertically integrated cannabis company in the U.S., with significant market positions in Arizona, Florida, and Pennsylvania [4] - The company employs a hub strategy for growth and expansion, focusing on retail and distribution in both new and existing markets [4] - Trulieve aims to provide innovative, high-quality products to enhance customer experiences and increase cannabis access [4]

Core Insights - TILT Holdings Inc. has completed the sale of two Massachusetts dispensaries to In Good Health for a purchase price of $1.75 million, as part of its strategic alternatives review [1][2]. Group 1: Transaction Details - The transaction involves the Taunton location being operated by In Good Health, while the Brockton dispensary has been shut down [2]. - Highgate Capital Partners acted as the broker for this transaction [2]. Group 2: Company Background - TILT Holdings Inc. provides a range of cannabis business solutions, including inhalation technologies, cultivation, manufacturing, processing, brand development, and retail [1][4]. - The company operates across North America, South America, Israel, and the European Union, with its core business being Jupiter Research LLC, a leader in the vaporization segment [4]. - TILT has received EU medical device certification for its handheld liquid inhalation device, marking a significant achievement in its product offerings [4]. Group 3: About In Good Health - In Good Health is a female-founded cannabis company in Massachusetts, known for its innovative approach and extensive product menu [3]. - The company has been operational since 2015 and is recognized for providing high-quality products at affordable prices [3].

Core Viewpoint - Body and Mind Inc. has announced the sale of its subsidiary's assets in NMG San Diego LLC for a total consideration of US$1.6 million in cash [1][2] Group 1: Transaction Details - The asset purchase agreement involves Body and Mind's wholly owned subsidiary, DEP Nevada, Inc., selling its 60% interest in NMG San Diego LLC, which operates the Body and Mind San Diego dispensary [1] - The Purchaser, OTC Miramar, LLC, has already paid a deposit of US$100,000 towards the total acquisition price [2] Group 2: Financial Implications - The total consideration for the transaction is US$1.6 million, indicating a significant cash inflow for the company [2]

Core Insights - Planet 13 Holdings Inc. is launching the "Planet the 13th Night Market" to celebrate local creativity and support community causes, specifically benefiting The Animal Foundation of Las Vegas [1][3] - The first event is scheduled for August 13, 2025, at the Planet 13 Entertainment Complex, which is the world's largest dispensary [2][4] - The Night Market aims to connect local artists with the community, featuring unique art, handmade goods, live music, food trucks, and interactive experiences [2][6] Company Overview - Planet 13 is a vertically integrated cannabis company with operations in California, Nevada, Illinois, and Florida, known for its award-winning cultivation and dispensary operations [4] - The company operates the largest dispensary in the U.S., located in Las Vegas, and has recently expanded its footprint with a consumption lounge and a new dispensary in Illinois [4] - Planet 13's mission is to establish a globally recognized brand known for innovative cannabis products and exceptional dispensary experiences [4] Partnership and Community Engagement - The collaboration with Slonina ARTSpace aims to promote local artists and engage the community through interactive experiences and charity events [3][5] - Each Night Market will feature a rotating charity, with the inaugural event benefiting The Animal Foundation [3][6] - Local artists and makers are encouraged to participate, with waived booth fees in exchange for providing interactive elements for attendees [3][6]