TerrAscend Corp. is a leading cannabis company operating in North America. The company engages in the cultivation production and sale of cannabis products. It maintains vertically integrated licensed operations in Pennsylvania New Jersey Maryland and California. In addition it operates retail dispensaries in Ohio and Ontario Canada through a majority owned dispensary in Toronto.

The company generates revenue from the sale of cannabis flower concentrates vaporizables edibles tinctures topicals and accessories. It also derives income from third party licensed brands such as Wana and Cookies which it produces supplies and commercializes in certain states. Revenue comes from both medical patients and adult use consumers who purchase through its dispensary network.

The company operates through the following segments.

• The cultivation production and sale of cannabis products segment encompasses the company's vertically integrated activities which include growing cannabis in indoor facilities processing raw material into various form factors such as flower vaporizables concentrates edibles tinctures and topicals and selling these products through its owned dispensary brands including The Apothecarium and other retail locations.

TerrAscend Corp. holds a leading position among cannabis operators in North America due to its vertically integrated model and geographic diversification across Pennsylvania New Jersey Maryland California Ohio and Ontario. The company competes with other vertically integrated operators established retail chains government run retailers and illicit market participants. Its competitive advantages stem from control over the supply chain from cultivation to retail a diversified brand portfolio including owned brands such as Kind Tree Legend Valhalla State Flower Cannabis and Ilera Healthcare and partnerships with third party brands like Wana and Cookies. Additionally the company's focus on product quality patient education and compliance with state regulations supports its market standing.

The company serves medical patients and adult use consumers who purchase cannabis products through its dispensary network in the states where it operates and in Ontario Canada. Its customer base includes individuals seeking therapeutic relief as well as those using cannabis for recreational purposes.