secwatch.observer — SEC 8-K summary
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Issuer:     TerrAscend Corp. (TSNDF)
CIK:        0001778129
Form:       8-K
Filed at:   2025-12-30T23:59:59+00:00
Accession:  0001193125-25-335988
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1778129/000119312525335988/0001193125-25-335988-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1778129/000119312525335988/tsndf-20251226.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-335988

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