TerrAscend Acquires CannaRelief Cannabis Clinic Assets

Terra Health Network Inc. Purchases Assets to Grow Its Patient Navigation Business

TORONTO, Oct. 16, 2017 (GLOBE NEWSWIRE) — TerrAscend Corp. (CSE:TER) (“TerrAscend” or the “Company”), is pleased to announce that its wholly-owned subsidiary, Terra Health Network Inc. (“THN”), has acquired assets from Canna Relief Consulting Canada Inc. (“CannaRelief”) related to the operation of CannaRelief’s education and patient navigation services. TerrAscend shall pay CannaRelief $190,000 in cash and $60,000 worth of common shares of the Company in relation to this asset purchase. CannaRelief and its owner, Pauline Garrard, have experience educating patients about the use of medicinal cannabis under the Access to Cannabis for Medical Purposes Regulations and assisting patients in navigating the complexities of the medical cannabis space.

We’re excited to continue to grow our patient navigation and education services at THN. CannaRelief has been a staple of the Mississauga community and has been a truly grassroots provider of cannabis education to a wide range of patients. We’re excited to bring CannaRelief’s extensive network and resources into the Terra Health Network.

Vijay Sappani, TerrAscend’s Chief Strategy Officer

About TerrAscend

TerrAscend is a vertically-integrated Canadian cannabis company that strives to create and deliver quality products and services that meet the evolving needs of the cannabis market. The Company provides support to patients through its wholly-owned subsidiaries, Solace Health Inc. (“SolaceHealth”), a licensed producer of medical cannabis under the Access to Cannabis for Medical Purposes Regulations, Terra Health Network Inc., a clinical support program and education platform led by health care professionals, and Solace Rx Inc. (“SolaceRx”), a drug preparation premises for non-cannabis formulations. Please visit www.TerrAscend.com for more information about the Company.

Original press release: https://globenewswire.com/news-release/2017/10/16/1148269/0/en/Terra-Health-Network-Inc-Purchases-Assets-to-Grow-Its-Patient-Navigation-Business.html

Published by NCV Newswire
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