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Cannabis Business Times

TerrAscend Exiting Michigan, Will Sell 4 Cultivation Facilities, 20 Dispensaries

Cannabis Business Times

Tue, Jul 1

Perspectives

TerrAscend is exiting the Michigan market, selling off 4 cultivation facilities, 20 dispensaries, and reducing its workforce by 21% (roughly 250 people). "After an extensive evaluation, we have made the strategic decision to exit the Michigan market." https://t.co/9OVkBONpb2

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The cannabis company announced the strategic exit to focus on core markets. The net proceeds from its divestitures will be used to pay down debt.

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