TerrAscend Corp. TSNDF TSND closed acquisition of Herbiculture Inc., a medical dispensary in Maryland. With this transaction, TerrAscend has reached the four dispensary cap in the state. With the recent launch of adult-use sales in Maryland on July 1, 2023, the company believes that Herbiculture is well positioned to achieve substantial sales and profit growth. This transaction is expected to be immediately accretive to TerrAscend on an EBITDA and cashflow basis.
Located in an approximately 3,100 square foot location in Burtonsville, Herbiculture has a net revenue run rate of approximately $4.3 million. TerrAscend expects to achieve significant sales and margin improvement at this location with the recent launch of adult-use sales in the state and by offering a complete selection of its brands including Kind Tree, Gage, Cookies and Wana. With the close of the transaction, TerrAscend's retail footprint increases to 38 dispensaries nationwide.
“With this transaction Herbiculture has become TerrAscend's fourth dispensary in Maryland, which is a key step in our strategy to become a market leader in this state. We are very excited about this closing, as reaching the four-dispensary mark also coincides with the recent start of adult-use sales in Maryland. We expect Herbiculture and our other Maryland dispensaries to drive considerable revenue growth and profitability for TerrAscend going forward,” stated Jason Wild, executive chairman of TerrAscend.
Benzinga Cannabis Capital Conference
The Benzinga Cannabis Capital Conference, the place where deals get done, is returning to Chicago this Sept 27-28 for its 17th edition. Get your tickets today before prices increase and secure a spot at the epicenter of cannabis investment and branding.
Photo by Esteban López on Unsplash
Relatd News
This Weed Company Has Just Become The First US MSO To Trade On Toronto Stock Exchange
TerrAscend To Acquire Herbiculture, Adding A Fourth Dispensary In Maryland
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Cannabis is evolving—don’t get left behind!
Curious about what’s next for the industry and how to stay ahead in today’s competitive market?
Join top executives, investors, and industry leaders at the Benzinga Cannabis Capital Conference in Chicago on June 9-10. Dive deep into market-shaping strategies, investment trends, and brand-building insights that will define the future of cannabis.
Secure your spot now before prices go up—this is where the biggest deals and connections happen!
