Union Chill Sold to Toronto Company
Toronto-based TerrAscend has purchased Union Chill, which is a single dispensary operator located on North Union Street in Lambertville, NJ.
Established in 2023, Union Chill generates over $11 million in annualized revenue, and is the fourth New Jersey dispensary to be acquired by TerrAscend.
TerrAscend is a TSX-listed cannabis company with interests across the North American cannabis sector, which includes operations in Pennsylvania, New Jersey, Maryland, Michigan, and California.
TerrAscend owns or licenses several businesses and brands including Gage Cannabis, The Apothecarium, Cookies, Lemonnade, Ilera Healthcare, Kind Tree, Legend, State Flower, Wana, and Valhalla Confections.
TerrAscend is actively evaluating New Jersey expansion opportunities and plans to expand cultivation and manufacturing capacity at their Boonton, NJ facility.
The closing of the sale is subject to regulatory approval.
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