TerrAscend Corp. (CNSX:TER) entered into a definitive agreement to acquire Herbiculture Inc. for $8.3 million on June 29, 2023. Under the terms of the agreement, TerrAscend will acquire Herbiculture for total consideration of $8.25 million (the "Transaction"), composed of $3 million in cash, with the remainder in a seller?s note. The transaction, which is expected to be immediately accretive to TerrAscend on an EBITDA and cashflow basis, has already been approved by the Maryland Cannabis Administration and is expected to close in the coming days. Herbiculture has a net revenue run rate of approximately $4.3 million.

TerrAscend Corp. (CNSX:TER) completed the acquisition of Herbiculture Inc. for $7.7 million on July 10, 2023. Total consideration of $7.71 million, comprised of $2.776 million in cash and and a promissory note of $4.934 million. The cash consideration paid included transaction expenses and repayments of indebtedness on behalf of Herbiculture which were, $0.616 million and $1.674 million, respectively.