TerrAscend closes Aunt Mary’s dispensary deal in New Jersey for US$9 million
TerrAscend expands New Jersey retail footprint
TerrAscend closed its transaction with Aunt Mary’s Dispensary in Hunterdon County, New Jersey, adding its fifth retail location in the state.
Aunt Mary’s generates more than USD 10 million in annualized revenue; the deal is expected to be immediately accretive to EBITDA and free cash flow.
Total consideration is USD 9 million, including a USD 3 million five-year unsecured convertible debenture at 6% interest.
The structure includes an option to buy 35% of Aunt Mary’s, followed by USD 6 million cash payable upon exercise.
Completion lifts TerrAscend’s consolidated retail footprint to 21 dispensaries across five U.S. states and Canada.
