About TerrAscend
TerrAscend is a publicly listed company based in Mississauga (Canada) founded in 2017. Cannabis dispensaries are operated and medical products are retailed. The company has 1,160 employees. TerrAscend has completed 12 acquisitions, including Allegany Marijuana, Apothecarium and Blue Ridge Wellness. Its chief executive, as recorded, is Ziad Ghanem. Its website terrascend.com draws about 13 thousand monthly visits. Its focus areas include Retail, Cannabis Brands and Retailers, Retailers and Diversified. Its competitors include Auxly, Green Tank Technologies and Neptune Wellness; 1 of its 3 listed competitors has raised funding.
Company details
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.
- Headquarters Mississauga, Canada
- Employees 1,160
- Stage Public
- SectorsConsumer
- Email••••••••
- Phone•••• ••••
- Website terrascend.com
- Social LinkedIn X Facebook
- Legal Name Terrascend Corp.
- Annual Revenue$265.9 M (USD)-0.87as on Dec 31, 2025
- Net Profit-$88 M (USD)-9.62as on Dec 31, 2025
- EBITDA$63.1 M (USD)8.44as on Dec 31, 2025
- Latest Funding Round$21.84M (USD), Post-IPO
Jun 2026
- InvestorsFLUENT
& 2 more
- Employee Count1,160
- Investments & AcquisitionsAllegany Marijuana
& 11 more
Funding Insights of TerrAscend
- Total Rounds 16
- Last Round Post-IPO — $21.84M
- First Round $3.19M
(Jul 2017)
- Investors Count 3
Latest 10 of 16 funding rounds of TerrAscend with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2026 | $21.84M | Post-IPO | – | – | – |
| May 2025 | $1.33M | Post-IPO | – | – | – |
| Jun 2023 | $20.5M | Post-IPO | – | – | – |
| Jan 2021 | $175.4M | Post-IPO | – | – | – |
| Jun 2020 | $19.64M | Post-IPO | – | – | – |
| May 2020 | $37M | Post-IPO | – | – | – |
| Mar 2020 | $4.21M | Post-IPO | – | – | – |
| Jan 2020 | $22.69M | Post-IPO | – | – | – |
| Dec 2019 | $30M | Post-IPO | – | – | |
| Nov 2019 | $2.65M | Post-IPO | – | – | – |
3 investors in total: 3 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment firm focused on cannabis industry growth and leadership. | 2014 | entourageeffectcapital.com | ||
FLUENT Corp. is engaged in cannabis cultivation and distribution. | 2017 | rivcapital.com | Toronto, Canada | |
Investment services are offered in healthcare and cannabis sectors. | jwfunds.com |
Investor details for TerrAscend
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of TerrAscend
92 people are tracked at TerrAscend (38 in leadership, 7 in board & advisors, 47 in team); the tracked headcount is 1,160.
| Name | Role | Group |
|---|---|---|
Ziad Ghanem | CEO | Leadership |
Andrew Rhoads | Vice President, Associate General Counsel, People Operations And Compliance | Leadership |
Jessica McIntosh | Director of Operations | Leadership |
Erica Kunkle | Director Of Wholesale - Northeast Region | Leadership |
BJ Carretta | Senior Vice President Marketing | Leadership |
Jaquelin Becerra MBA, MSFA | Director of FP&A, Corporate | Leadership |
Allison Miller | Vice President Of Strategy & Insights | Leadership |
Kimberley Mui Owies | Vice President, Regional Marketing At Terrascend | Leadership |
Lauren Peirce | Director, Supply Chain Process, Systems, And Data | Leadership |
Michael O'Nan, CPA | VP of Finance | Leadership |
Chase Chambers | Vice President Of Commercial Operations, Midwest Region | Leadership |
Chantelle Elsner | President, Northeast | Leadership |
Christopher Morack | Director of Enterprise IT Strategy and Operations | Leadership |
Jamie Newman, MD, FRCPC | Chief Medical Advisor | Leadership |
Paul Frank | Sr. Director, Omni-Channel Marketing (Consultant) | Leadership |
Stephanie Letkowski, CPA, MBA | Vice President of Internal Audit | Leadership |
Ari Unterman | Vice President, Legal | Leadership |
Alisa Campbell, MBA | Interim Chief Financial Officer | Leadership |
Keith Stauffer | CFO | Leadership |
David Wheeler | SVP & Chief Information Officer | Leadership |
72 more people are available in the full profile.
Complete people profiles for TerrAscend
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
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.
- IPO date04 Jul 2023
- Listed onTSX: TSND
- Listed entityTerrAscend Corp.
- Exchange sectorProcess industries
- ISINCA88105E1088
- Share price0.68 CAD (-6.21% on the day) · 2026-10-13
- Market capitalisation253,414,037.00 CAD
- EPS (diluted, trailing year)-0.19 CAD
- Volume (last session)379,069
Financials of TerrAscend
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 364.1M CAD | -120.5M CAD | 86.4M CAD |
| 2024 | 367.3M CAD | -109.9M CAD | 79.7M CAD |
| 2023 | 428.3M CAD | -129.0M CAD | 78.0M CAD |
| 2022 | 322.6M CAD | -429.5M CAD | 1.1M CAD |
| 2021 | 243.5M CAD | 3.9M CAD | 57.3M CAD |
Detailed financial statements for TerrAscend
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Medical cannabis products and patient resources are provided by dispensary. | ratio-cannabis.com | New Philadelphia, United States | 2022 | May 2025 | $10.3M | |
Cannabis edibles, flowers, and medical products are offered by Herbiculture. | herbiculture.com | Burtonsville, United States | 2017 | Jun 2023 | •••• | |
Cannabis medical products are retailed in Parkville. | blueridgewellnessmd.com | Parkville, United States | 2017 | Jun 2023 | $6.75M | |
Cannabis-derived nutritional and wellness products are offered online. | pinnaclecanna.com | Morenci, United States | 2019 | Aug 2022 | $28.5M | |
Exclusive Arthrex orthopedic products are distributed in Southeast Michigan. | pinnacle-mi.com | Troy, United States | 2012 | Aug 2022 | •••• | |
Marijuana dispensary and retail services are provided to customers. | alcommd.com | Cumberland, United States | 2016 | Apr 2022 | $10M | |
Cannabis products are retailed by Gage Cannabis across Michigan. | gagecannabis.com | Adrian, United States | 2017 | Mar 2022 | •••• | |
Cannabis dispensary products are manufactured in Bethlehem, United States. | keystonecannaremedies.com | Bethlehem, United States | 2014 | Apr 2021 | $63M | |
Manufacturer of cannabis wellness products | hmshealthllc.com | Frederick, United States | 2016 | Nov 2020 | $27.5M | |
Marijuana wellness products are manufactured by Ilera Healthcare. | ilerahealthcare.com | Plymouth Meeting, United States | 2016 | Aug 2019 | •••• |
Complete acquisition details for TerrAscend
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of TerrAscend
14 dated milestones of TerrAscend across 9 years, from founding to its latest funding, stage changes and deals.
- Founded TerrAscend is founded.
- Funding First funding round of $3.2M.
- Acquisition Acquires Ilera Healthcare.
- Acquisition Acquires HMS Health LLC.
- Acquisition Acquires Keystone Canna Remedies.
- Acquisition Acquires Gage Cannabis.
- Acquisition Acquires Allegany Marijuana.
- Acquisition Acquires Pinnacle Emporium.
- Acquisition Acquires Pinnacle.
- Acquisition Acquires Blue Ridge Wellness.
- Acquisition Acquires Herbiculture.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Ratio Cannabis.
- Funding Latest funding round, Post-IPO, of $21.8M.
Competitors of TerrAscend
TerrAscend has 3 listed competitors in our database, 1 of them funded. They include Auxly, Green Tank Technologies and Neptune Wellness.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| auxly.com | 1987 | Toronto, Canada | Platform for managing cannabis manufacturing operations is provided. | |||
| greentanktech.com | 2015 | Toronto, Canada | $28.23M | Private label vape products including vaporizers and cartridges are manufactured. | ||
| neptunewellness.com | 1998 | Laval, Canada | Manufacturer of cannabis products and retail services |
Detailed competitors of TerrAscend
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of TerrAscend
The website of TerrAscend (terrascend.com) receives about 13.5K visits a month.
- Monthly visits13.5K
▲ 27% vs previous month
Top companies in Cannabis Industry & Retail
3 companies that operate in the same segment as TerrAscend (Cannabis Industry & Retail) in Canada, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online e-distributor offering cannabis products for medical purposes | 2013 | Leamington, Ontario, Canada | USD 98.25 M | USD 914.37 M | 2,840 | |
Medical marijuana is produced and distributed by Aurora Cannabis. | 2006 | Edmonton, Alberta, Canada | USD 230.07 M | 1,100 | ||
Platform for managing cannabis manufacturing operations is provided. | 1987 | Toronto, Ontario, Canada | USD 110.63 M | 388 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Terrascend
Complete news archive for TerrAscend
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about TerrAscend
TerrAscend was founded in 2017.
TerrAscend is headquartered in Mississauga, Canada. It is registered at Mississauga, Ontario, Canada.
Ziad Ghanem is the CEO of TerrAscend, as recorded in our data.
TerrAscend has 1,160 employees.
Annual revenue of TerrAscend is $265.9M as on Dec 31, 2025.
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.
TerrAscend's top competitors include Auxly, Green Tank Technologies and Neptune Wellness.
Yes, TerrAscend is publicly traded on TSX under the ticker symbol TSND.
TerrAscend has made 12 acquisitions, including Allegany Marijuana, Apothecarium, and Blue Ridge Wellness.
TerrAscend has 3 investors. Key investors include FLUENT, Entourage Effect Capital, and JW Asset Management.