New Partnership To Bring Best In Class Edibles to New Jersey

New Partnership To Bring Best In Class Edibles to New Jersey

By: Dylan Sikes – News

Thursday, January 19, 2023

Edible cannabis is used to reduce pain, relieve nausea, reduce anxiety and and enhance sleep quality—and are among the fastest growing cannabis category. And this cannabis operator is embarking on a partnership to substantially increase operations.

Leading North American cannabis operator, TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF), announced a multi-year agreement with leading edibles manufacturer Wana Brands, to introduce Wana's products at The Apothecarium retail stores and additional third-party retailers in New Jersey. Per the company’s press release today, the agreement will also transfer to TerrAscend, the manufacturing and sales of Wana's existing portfolio of products in Maryland.

In accordance to the agreement, TerrAscend will serve as the exclusive sole manufacturer, supplier, and commercial partner for Wana's products in New Jersey.

"This partnership is a substantial addition to our retail and wholesale operations in New Jersey, one of the most robust cannabis markets on the East Coast," said Jason Wild , Executive Chairman of TerrAscend.  

Canadian shares were trading at $1.42 in morning trade.


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