TerrAscend expands New Jersey footprint with Union Chill deal

TerrAscend Corp ( (TSE:TSND) ) has shared an update.

On December 26, 2025, TerrAscend Corp. closed a transaction with Union Chill Cannabis Company LLC, a high-performing dispensary operator in Hunterdon County, New Jersey, under an option agreement first signed in May 2025. TerrAscend issued $9 million in 6.5% convertible promissory notes and committed a further $4 million in cash upon exercising an option to acquire a 35% equity stake in Union Chill, for total consideration of $13 million, with the structure aligned to New Jersey’s framework supporting investment in diversely owned businesses. The deal immediately expands TerrAscend’s New Jersey retail footprint to four dispensaries, with Union Chill generating more than $11 million in annualized revenue and expected to be accretive to EBITDA and cash flow, and, subject to exercise of the option and other conditions, would allow full consolidation of Union Chill’s results and increase TerrAscend’s consolidated retail network to 20 dispensaries across five U.S. states and Canada, reinforcing its leadership position in the state’s cannabis market.

The most recent analyst rating on (TSE:TSND) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on TerrAscend Corp stock, see the TSE:TSND Stock Forecast page.

Spark’s Take on TSE:TSND Stock

According to Spark, TipRanks’ AI Analyst, TSE:TSND is a Neutral.

TerrAscend Corp’s overall stock score reflects significant financial challenges, including declining revenues and high leverage. While technical indicators show moderate momentum, the valuation remains unattractive due to unprofitability. The earnings call provided some optimism with improved margins and strategic growth plans, but the ongoing net loss and acquisition delays are concerning.

To see Spark’s full report on TSE:TSND stock, click here.

More about TerrAscend Corp

TerrAscend Corp. is a TSX-listed North American cannabis company with operations in Pennsylvania, New Jersey, Maryland, Ohio, California and retail operations in Canada. It runs The Apothecarium and other dispensary brands, alongside large-scale cultivation, processing and manufacturing facilities that supply high-quality cannabis products to both medical and adult-use markets, and owns or licenses brands including Cookies, Ilera Healthcare, Kind Tree, Legend, State Flower, Wana and Valhalla Confections.

Average Trading Volume: 435,918

Technical Sentiment Signal: Hold

Current Market Cap: C$405.9M

Learn more about TSND stock on TipRanks’ Stock Analysis page.