TerrAscend closes $13M option to buy 35% of Union Chill NJ dispensary; accretive to EBITDA

TerrAscend Corp.

Total consideration $13M: $9M convertible notes (6.5%, due 2029) plus $4M cash on option exercise.
Union Chill generates >$11M annualized revenue; expected immediately accretive to EBITDA and cashflow.
Expands NJ retail to four dispensaries; upon full exercise, total consolidated footprint reaches 20.
Notes convertible at $1.89/share, only in entirety; prepayment allowed in $50K increments with 30-day notice.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.95

TerrAscend Corp. issued convertible note to various sellers of Union Chill for aggregate principal amount of $9,000,000.

Security: convertible note
Purchaser: various sellers of Union Chill
Consideration: aggregate principal amount of $9,000,000

Exact text from the filing

On December 26, 2025, in connection with the closing of the Union Chill Transaction, the Company issued convertible promissory notes (the “Notes”) to the various sellers of Union Chill in the aggregate principal amount of $9,000,000 (the “Principal Amount”)

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32 equity issuances filed in the last 30 days. Browse all equity issuances →

TerrAscend Corp. filing history →

Source: SEC EDGAR

accession 0001193125-25-335988

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