TerrAscend Launches Terra Health Network
TORONTO, May 16, 2017 – TerrAscend Corp. (CSE: TER) (“TerrAscend” or the “Company”), a vertically integrated medical cannabis company based in Mississauga, Ontario, today announced the official establishment and launch of Terra Health Network Ltd. (“Terra Health” or “THN”), a whollyowned subsidiary of the Company. TerrAscend’s other wholly-owned subsidiary, Solace Health Inc., is a final stage applicant to become a Licensed Producer pursuant to the Access to Cannabis for Medical Purposes Regulations (“ACMPR”).
THN operates on two separate platforms: (1) THN works with existing medical clinic owners to provide their resident doctors and healthcare practitioners with educational materials and resources to facilitate the prescription process for medical cannabis, and to provide resources to assist their patients in locating coverage for medical cannabis through existing benefit plans; and (2) THN operates locations that serve as dedicated education, training and support centres.
THN provides a comprehensive patient navigation platform, standardizing the medical experience for patients and healthcare professionals before, during and after the medical visit. This proprietary system also allows for the collection, storage and aggregation of regulatory permitted patient data.
THN’s first clinic was launched in May 2017 in Mississauga, Ontario. The Company has received commitments from an additional 24 locations and expects to add more locations over time.
“Terra Health Network exemplifies TerrAscend’s focus on ensuring patients have access to the highest quality healthcare,” said Basem Hanna, President and Chief Executive Officer of TerrAscend. “THN provides medical professionals and patients with the support they need when exploring and introducing cannabis as a treatment option. It also provides patients with the necessary resources to assist them in locating coverage for medical cannabis through their existing benefit plans.”