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TRSSF / TerrAscend acquisition shows ‘big torque' to Maryland recreation cannabis launch

TerrAscend acquisition shows ‘big torque' to Maryland recreation cannabis launch
Stifel GMP analysts are impressed by the attractive valuation TerrAscend Corp is paying for Peninsula Alternative Health, which operates a single medical cannabis store in Maryland, ahead of the state's move to legalized the recreational use of cannabis on July 1, which they believe has the potential to double the size of the Maryland's market in the first year. In a note to clients on Thursday, the analysts wrote that the $22.1 million purchase price, which is composed of $1.5 million cash at closing and an undisclosed distribution between assumed debt, sellers notes and shares, could result in an outsized accretion of 20%-25% despite it being a simple 1-store tuck-in, “demonstrating strong torque due to the company's relatively smaller size”. Read More
Posted: Jun 12 2023, 14:19
Author Name: Proactive Investors
Views: 112519

TRSSF News  

TerrAscend shares start trading on the Toronto Stock Exchange

By Proactive Investors
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TerrAscend shares start trading on the Toronto Stock Exchange

Cannabis producer TerrAscend Corp. (CSE:TER, OTCQX:TRSSF) has started trading on the Toronto Stock Exchange. The company's shares debuted on the Canad more_horizontal

Cannabis company TerrAscend draws kudos from analysts with Toronto Stock Exchange listing on tap for next week

By Market Watch
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Cannabis company TerrAscend draws kudos from analysts with Toronto Stock Exchange listing on tap for next week

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By Seeking Alpha
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U.S. cannabis producer TerrAscend says it received ‘conditional approval' to list in Toronto

By Market Watch
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U.S. cannabis producer TerrAscend says it received ‘conditional approval' to list in Toronto

TerrAscend Corp. TRSSF, -1.78%, a cannabis producer with operations in several U.S. states, said Wednesday that it had received “conditional approva more_horizontal

TerrAscend acquisition shows ‘big torque' to Maryland recreation cannabis launch

By Proactive Investors
June 12, 2023

TerrAscend acquisition shows ‘big torque' to Maryland recreation cannabis launch

Stifel GMP analysts are impressed by the attractive valuation TerrAscend Corp is paying for Peninsula Alternative Health, which operates a single medi more_horizontal

Marijuana Stocks To Buy The First Week Of June?

By MarijuanaStocks
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Marijuana Stocks To Buy The First Week Of June?

Most of the marijuana stocks in the cannabis sector are down. Even with some days of momentary recoveries, the average trading day has resulted in red more_horizontal

2 Marijuana Stocks To Watch In Todays Cannabis Sector

By MarijuanaStocks
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TerrAscend Corp. (TRSSF) and Wana Brands Debut Cannabis-Infused Gummies in New Jersey

By MarijuanaStocks
May 18, 2023

TerrAscend Corp. (TRSSF) and Wana Brands Debut Cannabis-Infused Gummies in New Jersey

TerrAscend and Wana Brands Debut Cannabis-Infused Gummies in New Jersey TerrAscend Corp. more_horizontal


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