TerrAscend to acquire Gage Cannabis for $545m.

TerrAscend, a North American cannabis operator with vertically integrated operations in Pennsylvania, New Jersey, and California, licensed cultivation and processing operations in Maryland and licensed production in Canada, agreed to acquire Gage Cannabis, high-quality craft cannabis brand and operator in Michigan for $545m. "The acquisition of Gage expands our footprint to the third largest cannabis market in the US. Combining our market-leading share in our existing states with Gage's proven cultivation, retail, and marketing capabilities, creates one of the largest and most dynamic companies in the industry. We look forward to leveraging Gage's profound connection with Michigan's consumers, in addition to its established partnerships with award-winning brands like COOKIES, to provide our patients and customers with best-in-class product offerings and retail experiences," Jason Wild, TerrAscend Executive Chairman.