TerrAscend Secures Final Draw on $140M Financing

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

TerrAscend Corp., a prominent North American cannabis company, has completed a US$26 million draw, the final portion of its US$140 million debt financing from FocusGrowth Asset Management and others, to reduce higher interest debt in Michigan. The financing, secured by assets in multiple states and with a 12.75% interest rate, supports TerrAscend’s operations including cultivation, processing, manufacturing, and retail. With this strategic financial move, the company continues to strengthen its position in the cannabis market.

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