NEW YORK and TORONTO, June 15, 2021 /CNW/ – TerrAscend Corp. (“TerrAscend” or “the Company”) (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis operator, today announced it has launched a portfolio of its Kind Tree branded products in Maryland.
TerrAscend recently entered the Maryland market with the closing of the acquisition of HMS Health this past month. The Maryland facility is already cultivating over 15 strains of flower under the Kind Tree brand and is now launching manufactured form factors of Kind Tree vapes and half gram pre-rolls. Additional cultivation capacity, brands and formulations will come online in the second half of this year.
The integration of HMS is progressing well, and the introduction of our Kind Tree brand is an important milestone in this process. Maryland is a key limited license market with strong growth potential, strategically located near our core Northeast markets of Pennsylvania and New Jersey.
Jason Wild, Executive Chairman of TerrAscend
During the second half of 2021, we plan to significantly expand our cultivation and processing capacity in each of these underserved states.
Learn more at www.kindtreecannabis.com.
The Canadian Securities Exchange (“CSE”) has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
TerrAscend is a leading North American cannabis operator with vertically integrated operations in Pennsylvania, New Jersey, and California, licensed cultivation and processing operations in Maryland and licensed production in Canada. TerrAscend operates an award-winning chain of The Apothecarium dispensary retail locations as well as scaled cultivation, processing, and manufacturing facilities on both the East and West coasts. TerrAscend’s best-in-class cultivation and manufacturing practices yield consistent, high-quality cannabis, providing industry-leading product selection to both the medical and legal adult-use market. The Company owns several synergistic businesses and brands, including The Apothecarium, Ilera Healthcare, Kind Tree, Prism, State Flower, Valhalla Confections, and Arise Bioscience Inc. For more information, visit www.terrascend.com.