Canadian-based TerrAscend Corp. announced it has closed on its previously announced acquisition of the assets of Ratio Cannabis LLC, a cannabis dispensary located in Goshen Township, Ohio.
The acquisition represents TerrAscend’s initial entry into its sixth state, Ohio. This acquisition increases TerrAscend’s retail footprint to 39 dispensaries across six U.S. states and Canada. The company intends to acquire additional Ohio dispensaries in the future.
“Ratio Cannabis is a strong performer, with no competition within a 20-mile radius, generating $9 million in annualized revenue. Entering Ohio has long been a priority for us,” TerrAscend Executive Chairman Jason Wild said in a press release. “This acquisition is a great first step in Ohio, and we will continue to aggressively pursue additional accretive dispensary acquisitions, up to the eight-dispensary state limit.”