TerrAscend

TerrAscend NJ has been issued a permit to process cannabis by the (NJDOH) to process, extract, and manufacture cannabis products.

Along with processing, it includes extraction, and manufacturing of a wide range of branded form factors, including vapes cartridges, concentrates, topicals, tinctures, and edibles under the Ilera Healthcare, Kind Tree, and Prism brands.

“We are pleased to receive our processing permit from the NJDOH, and we look forward to introducing TerrAscend’s house of brands and form factors to medical-use patients through our ATCs1 and the wholesale channel,” said Chairman and CEO of TerrAscend Jason Ackerman.

“Our medical cannabis business in New Jersey is performing well, and we are prepared to meet customer demand once adult-use sales are permitted,” he added.

TerrAscend’s 16-acre site is located in Boonton Township in Morris County. Construction of a 140,000 sq. ft. production facility is complete.

The first harvests are currently underway at the TerrAscend’ 80,000 square foot indoor grow facility, with the first sales anticipated in the “coming weeks.” The Boonton facility’s scaled cultivation, processing, and manufacturing capacity will allow for the supply of a wide range of branded form factors to TerrAscend’s Apothecarium and other dispensaries across the state.

They have completed several harvests from its 40,000 square foot greenhouse, with sales commencing late last year.

TerrAscend’s Apothecarium has nine locations in California, Pennsylvania, and New Jersey. The second Apothecarium branded ATC is expected to open in Maplewood between April and June, followed by an additional dispensary in the summer.

In December 2018, TerrAscend applied for one of six permits, out of 146 applications, for a vertically integrated permit to cultivate, process, and dispense medical cannabis in the State of New Jersey.

TerrAscend is a leading North American cannabis operator with vertically integrated operations in Pennsylvania, New Jersey, and California and operating as a licensed producer in Canada. They operate Apothecarium dispensaries retail locations and scaled cultivation, processing, and manufacturing facilities on both the East and West coasts. They sell both medical and adult-use cannabis.

The company owns some synergistic businesses and brands, along with the Apothecarium they own Ilera Healthcare, State Flower, Valhalla Confections, Kind Tree, Prism, and Arise Bioscience Inc.

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