TerrAscend Gets Michigan Pre-Qualification Approval for Gage Growth Deal
September 17 2021 - 8:38AM
Dow Jones News
By Adriano Marchese
TerrAscend Corp. said Friday that it has received
pre-qualification approval for cultivation, processing and retail
licenses from a Michigan regulatory body.
The Canadian cannabis operator said that the pre-approval was
critical to its $545 million-acquisition of Gage Growth Corp.
announced earlier in September.
TerrAscend said it expects the transaction will close as soon as
possible after receiving all the necessary court and regulatory
approvals.
"Our pre-qualification is an important step as we progress
towards closing the acquisition of Gage in a timely manner,"
Executive Chairman Jason Wild said.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
September 17, 2021 08:23 ET (12:23 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
TerrAscend (CSE:TER)
Historical Stock Chart
From Apr 2024 to May 2024
TerrAscend (CSE:TER)
Historical Stock Chart
From May 2023 to May 2024
