TerrAscend completes acquisition of Gage Growth Corp. for ~$386M in stock

TerrAscend Corp.

Total consideration valued at ~$386M based on CSE closing price on March 9, 2022; Gage shareholders received 51.35M TerrAscend shares.
Exchange ratio implied $1.50 per Gage share as of March 9, 2022.
Amendments allowed closing based on received regulatory approvals; Michigan ops via service agreements until full approvals.
Executive Chairman Jason Wild received ~10.47M shares and 7.13M warrants valued at $52.3M; director Mavrinac received $0.2M.

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