---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-335988"
form_type: "8-K"
ticker: "TSNDF"
cik: "0001778129"
company_name: "TerrAscend Corp."
filed_at: "2025-12-30T23:59:59+00:00"
generated_at: "2026-05-16T12:00:37.563367+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-335988
- form_type: 8-K
- ticker: TSNDF
- cik: 0001778129
- company_name: TerrAscend Corp.
- filed_at: 2025-12-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1778129/000119312525335988/0001193125-25-335988-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1778129/000119312525335988/tsndf-20251226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-335988
- JSON: https://secwatch.observer/filing/0001193125-25-335988.json
- Plain text: https://secwatch.observer/filing/0001193125-25-335988.txt

## Key facts
- Equity Issuances
  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
  source text: 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”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1778129/000119312525335988/0001193125-25-335988-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.