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Benzinga
Benzinga
Business
Vuk Zdinjak

TerrAscend To Buy Allegany Medical Marijuana Dispensary For $10M In Cash

TerrAscend Corp. (OTCQX:TRSSF) (CSE:TER) has entered into a definitive agreement to acquire Allegany Medical Marijuana Dispensary, a medical dispensary in Maryland from Moose Curve Holdings, LLC. Under the terms of the agreement, TerrAscend will acquire 100% equity interest in AMMD for total consideration of $10 million in cash, in addition to acquiring the real estate for $1.7 million. The transaction is subject to customary closing conditions and regulatory approvals.

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