TerrAscend announced the closing of its previously announced acquisition of the assets of Ratio Cannabis, a cannabis dispensary located in Goshen Township, Ohio. The acquisition represents TerrAscend's initial entry into its sixth state, Ohio.
This acquisition increases TerrAscend's retail footprint to 39 dispensaries across six U.S. states and Canada. The company intends to acquire additional Ohio dispensaries in the future.
"Ratio Cannabis is a strong performer, with no competition within a 20-mile radius, generating $9 million in annualized revenue. Entering Ohio has long been a priority for us," said Jason Wild, Executive Chairman of TerrAscend. "This acquisition is a great first step in Ohio and we will continue to aggressively pursue additional accretive dispensary acquisitions, up to the eight dispensary state limit.”
