About TerrAscend
TerrAscend is a company based in Mississauga (Canada) founded in 2017.. The company has 1,160 employees as of December 31, 2024. TerrAscend has completed 12 acquisitions, including Allegany Marijuana, Apothecarium and Blue Ridge Wellness. TerrAscend operates in a competitive market with competitors including Auxly, Cresco Labs, Green Tank Technologies, Neptune Wellness and Goodness Growth Holdings, among others.
- Headquarter Mississauga, Canada
- Employees 1160 as on 31 Dec, 2024
- Stage Public
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Terrascend Corp.
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Annual Revenue
$292.01 M (USD)-1.9as on Dec 31, 2024
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Net Profit
$-76.39 M (USD)14.77as on Dec 31, 2024
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EBITDA
$49.13 M (USD)-9.35as on Dec 31, 2024
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Latest Funding Round
$1.33 M (USD), Post-IPO
May 06, 2025
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Investors
FLUENT
& 2 more
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Employee Count
1160
as on Dec 31, 2024
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Investments & Acquisitions
Allegany Marijuana
& 11 more
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IPO & Listings of TerrAscend
TerrAscend is a publicly listed company on the TSX with ticker symbol TSND in Canada, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Leadership Team
23 people
Software Development Team
21 people
Sales and Marketing
7 people
Operations Team
6 people
Finance and Accounting
5 people
Legal and Compliance
5 people
Senior Team
3 people
Human Resources and Administration
2 people
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Funding Insights of TerrAscend
- Total Funding Total Funding
- Total Rounds 15
- Last Round Post-IPO — $1.3M
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First Round
First Round
(31 Jul 2017)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2025 | Amount | Post-IPO - TerrAscend | Valuation |
investors |
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| Jun, 2023 | Amount | Post-IPO - TerrAscend | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - TerrAscend | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in TerrAscend
TerrAscend has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include FLUENT, Entourage Effect Capital and JW Asset Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment firm focused on cannabis industry growth and leadership.
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Founded Year | Domain | Location | |
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FLUENT Corp. is engaged in cannabis cultivation and distribution.
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Founded Year | Domain | Location | |
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Investment services are offered in healthcare and cannabis sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TerrAscend
TerrAscend has strategically engaged in corporate development activities, having acquired 12 companies. Notable acquisitions include Allegany Marijuana, Apothecarium and Blue Ridge Wellness. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Medical cannabis products and patient resources are provided by dispensary.
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2022 | ||||
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Cannabis-derived nutritional and wellness products are offered online.
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2019 | ||||
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Cannabis medical products are retailed in Parkville.
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - TerrAscend
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Terrascend Comparisons
Competitors of TerrAscend
TerrAscend operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Auxly, Cresco Labs, Green Tank Technologies, Neptune Wellness and Goodness Growth Holdings, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform for managing cannabis manufacturing operations is provided.
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| domain | founded_year | HQ Location |
Retailer of cannabis based products
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| domain | founded_year | HQ Location |
Private label vape products including vaporizers and cartridges are manufactured.
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| domain | founded_year | HQ Location |
Manufacturer of cannabis products and retail services
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| domain | founded_year | HQ Location |
Retailer of cannabis products
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Terrascend
Frequently Asked Questions about TerrAscend
When was TerrAscend founded?
TerrAscend was founded in 2017.
Where is TerrAscend located?
TerrAscend is headquartered in Mississauga, Canada. It is registered at Mississauga, Ontario, Canada.
Who is the current CEO of TerrAscend?
Ziad Ghanem is the current CEO of TerrAscend.
How many employees does TerrAscend have?
As of Dec 31, 2024, the latest employee count at TerrAscend is 1,160.
What is the annual revenue of TerrAscend?
Annual revenue of TerrAscend is $292.01M as on Dec 31, 2024.
What does TerrAscend do?
TerrAscend was founded in 2017 and is headquartered in Mississauga, Canada. Operations focus on the cannabis sector, where dispensaries are managed for retail distribution. Medical cannabis products are supplied to consumers through these outlets. The company maintains a presence in the North American market, emphasizing regulated cultivation and sales processes. Leadership is provided by CEO Ziad Ghanem.
Who are the top competitors of TerrAscend?
TerrAscend's top competitors include Auxly, Cresco Labs and HEXO.
Is TerrAscend publicly traded?
Yes, TerrAscend is publicly traded on TSX under the ticker symbol TSND.
How many acquisitions has TerrAscend made?
TerrAscend has made 12 acquisitions, including Allegany Marijuana, Apothecarium, and Blue Ridge Wellness.
Who are TerrAscend's investors?
TerrAscend has 3 investors. Key investors include FLUENT, Entourage Effect Capital, and JW Asset Management.
What is TerrAscend's ticker symbol?
The ticker symbol of TerrAscend is TSND on TSX.
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