Sunday, June 1, 2025

Latest

TerrAscend To Acquire Gage Cannabis For US$545 Million In All Stock Deal

As was heavily speculated on Twitter this morning, TerrAscend Corp (CSE: TER) has entered into an arrangement to acquire that of Gage Growth Corp (CSE: GAGE), thereby expanding its presence to include the state of Michigan. The transaction is set to take the form of an all-stock deal.

Under the terms of the arrangement, Gage Cannabis shareholders are to receive 0.3001 of a common share of TerrAscend for each share of Gage held. The consideration implies a price of US$2.11, or C$2.66, per share, roughly an 18% premium to the most recent closing price of the operator. The overall transaction meanwhile is pegged at roughly US$545 million.

The transaction will expand TerrAscend’s operations to include a total of five US states as well as Canada, with a total of 23 dispensaries in operation and 7 processing and cultivation facilities. It will also bring several large name-brands under TerrAscend’s banner, including licensing partnerships with Cookies, Slang Worldwide, and Khalifa Kush among others.

Following the completion of the transaction, Gage shareholders are expected to hold roughly 19.8% of the resulting company on a pro-forma basis. The arrangement remains subject to the approval of Gage shareholders.

The transaction is currently slated to close in the first half of 2022, pending regulatory approvals.

TerrAscend last traded at $8.86 on the CSE.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization unless otherwise mentioned. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Alamos Gold Q1 Earnings: The Inside Scoop

Cerrado Gold Q4 Earnings: The Turnaround is Working

B2GOLD Q1 Earnings: Revenue Up, Production & Cash Flow Decline

Recommended

Canadian Copper: The $172M Combined Strategy PEA

ESGold Begins Concentration Tests Ahead Of First Production

Related News

GAGE Cannabis: PI Financial Reiterates Their Street High Target, Lowers 2021 Estimates

On August 24, Gage Growth Corp. (CSE: GAGE) announced their second quarter financial results. The...

Saturday, August 28, 2021, 11:13:00 AM

Gage Cannabis To Open First Cookies Store In Canada

While most firms are focused on bringing their brands to the US market, it appears...

Friday, January 28, 2022, 08:29:56 AM

Gage Cannabis Reports 2020 Revenues Of $39.9 Million, Net Loss Of $29.8 Million

Gage Growth Corp (CSE: GAGE) this morning reported its financial results for the period ended...

Thursday, April 29, 2021, 07:23:18 AM

Stifel Reinitiates Coverage On Eight Cannabis Operators

Earlier this week, Stifel released a new report on cannabis operations, focused predominantly on US-based...

Friday, July 24, 2020, 03:30:00 PM

Gage Cannabis Marks April 6 As Go-Public Date

Gage Growth Corp (CSE: GAGE), also known as Gage Cannabis, formally announced this morning that...

Thursday, April 1, 2021, 08:23:02 AM