Business

Terrascend acquires Gage, becomes significant Mich. player

By Alex Halperin
Sep 2, 2021

Ontario-based MSO TerrAscend acquired Gage Growth for $545M buying itself significant market share in Michigan, one of the country’s hottest markets.
MarketWatch

  • TerrAscend has quietly built up operations in Maryland, New Jersey, California and Pennsylvania as well as Canada.  
  • Wall Street analysts generally applauded the all stock deal which will make the company a major competitor to MSOs Curaleaf and Cresco Labs in Michigan.

In more retail deal news:

Bottom line: The widely predicted industry consolidation is happening.