TerrAscend spends $11.7M for Md. medical dispensary

TerrAscend Corp., a North American cannabis operator, Monday announced it has entered into a definitive agreement to acquire Allegany Medical Marijuana Dispensary, a medical dispensary in Cumberland from Moose Curve Holdings LLC, for a total deal of 11.7 million. Under the terms of the agreement, TerrAscend will acquire 100% equity interest in AMMD for $10 million in cash, in addition to acquiring the real estate for $1.7 million. The Transaction is subject to customary closing conditions and regulatory approvals.