TerrAscend Corp. acquired Union Chill Cannabis Company LLC, a New Jersey dispensary, for $13 million, expanding TerrAscend's retail footprint to four dispensaries in New Jersey and a consolidated total of 20 dispensaries across five U.S. states and Canada.

TerrAscend Acquires New Jersey’s Union Chill Dispensary

Dec 30, 2025

Mg Magazine Newswire

MG Magazine

*TORONTO* — TerrAscend Corp. acquired Union Chill Cannabis Company LLC, a
dispensary in Hunterdon County, New Jersey. The transaction expands
TerrAscend’s retail footprint to four dispensaries in New Jersey.

In May 2025, TerrAscend signed an agreement with Union Chill for total
consideration of $13 million consisting of $9 million in the form of
convertible notes bearing interest at 6.5 percent for an option to purchase
35 percent of Union Chill and $4 million in cash upon the exercise of the
option. The transaction conforms to New Jersey’s regulatory framework,
which facilitates investment opportunities for diversely owned businesses.
The transaction will allow the company to fully consolidate the business in
its financial results and increase TerrAscend’s consolidated retail
footprint to a total of 20 dispensaries across five U.S. states and Canada.