TerrAscend Reports Record Third Quarter 2023 Results and Raises Full Year 2023 Guidance
A Leading Vertically-Integrated North American Operator
TerrAscend is a leading TSX-listed cannabis company with interests across the North American cannabis sector, including vertically integrated operations in Pennsylvania, New Jersey, Maryland, Michigan, and California and retail operations in Canada. TerrAscend operates The Apothecarium, Gage, and other dispensary retail locations as well as scaled cultivation, processing, and manufacturing facilities in its core markets.
TerrAscend’s cultivation and manufacturing practices yield consistent, high-quality cannabis, providing industry-leading product selection to both the medical and legal adult-use markets. The Company owns or licenses several synergistic businesses and brands including Gage Cannabis, The Apothecarium, Cookies, Lemonnade, Ilera Healthcare, Kind Tree, Legend, State Flower, Wana, and Valhalla Confections.
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Award-Winning Stores and Leading Cultivation
The Apothecarium was founded by three first cousins and two family friends in San Francisco in 2011. On the West Coast, we have three dispensaries in San Francisco, one in Berkeley, and one in Capitola, California.
On the East Coast, our dispensaries are located in Lancaster, Thorndale, Stroudsburg, Allentown, Bethlehem and Plymouth Meeting, Pennsylvania, as well as Phillipsburg, Maplewood and Lodi in New Jersey. We also operate four retail outlets in the Maryland towns of Burtonsville, Cumberland, Parkville, and Salisbury.
In Michigan, TerrAscend operates 19 retail stores. Eight of those are Gage dispensaries located in Adrian, Battle Creek, Burton, Ferndale, Grand Rapids, Kalamazoo, Lansing, and Traverse City. Cookies stores are in Ann Arbor, Detroit, Oxford, Jackson, and Kalamazoo. Five Pinnacle dispensaries reside in Morenci, Buchanan, Addison, Edmore, and Camden, and one Lemonnade retail outlet can be found in Center Line.
Cultivation and Processing
TerrAscend is committed to producing high-quality, in-demand medical grade cannabis products at its industry leading cultivation facilities for distribution into the wholesale market as well as direct sales at its retail dispensaries.
Through the combination of high-yield cultivation techniques, industry leading cultivars, and strategic investments in the latest technology, TerrAscend produces cannabis products for both medical patients and consumers.