Tracy J. Chappelle 
TERRASCEND LAUNCHES FIRST CONCENTRATES IN NEW JERSEY
Liquid Live Resin Vape Cartridges and Live Resin Crumble Now Available Exclusively at New Jersey Apothecarium Dispensaries
TORONTO, May 16, 2022 /CNW/ – TerrAscend Corp. (“TerrAscend” or the “Company”) (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis operator, today announced the first-ever launch of cannabis concentrates in the state of New Jersey . Kind Tree Liquid Live Resin and Kind Tree Live Resin Crumble vape cartridges are available exclusively at Maplewood Apothecary and Phillipsburg locations. The company has also started selling cannabis-infused edibles for adults under its Valhalla brand.
“The concentrate category accounts for up to 20% of cannabis sales in other states. We are proud to be the first company to bring these products to New Jersey consumers,” said Jason Wild, Executive Chairman of TerrAscend. “In just three weeks since adult sales began in New Jersey, cannabis connoisseurs realize that our Apothecarium dispensaries are the place to go for the high-quality, high-potency products they seek. Additionally, we look forward to expanding this category by launching other Kind Tree concentrates including budder, badder, diamonds and shatter in the coming weeks.
To celebrate the launch of these new products, Kind Tree will be hosting a pop-up at Maplewood and Phillipsburg Apothecarium stores on May 21. The event will include product and accessory training as well as an opportunity to meet TerrAscend New Jersey’s chief producer, extraction manager and manufacturing team. The first 300 customers at each location will receive prepaid coupons, which can be used at local businesses in the surrounding area.
About TerrAscend
TerrAscend is the leading North American cannabis operator with vertically integrated operations in Pennsylvania, New Jersey, Michigan and California, licensed cultivation and processing operations in Maryland and licensed production in Canada. TerrAscend operates Apothecarium and Gage dispensary retail outlets as well as large-scale cultivation, processing and manufacturing facilities in its core markets. TerrAscend’s cultivation and manufacturing practices produce consistent, high-quality cannabis, offering an industry-leading selection of products to the medical and legal adult markets. The company owns several synergistic businesses and brands, including Gage Cannabis, The Apothecarium, Ilera Healthcare, Kind Tree, Prism, State Flower, Valhalla Confections and Arise Bioscience Inc. For more information, visit www.terrascend.com.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking information in this press release can be identified by the use of words such as “may”, “could”, “could”, “will”, “likely”, “expect”, “anticipate”. , “believes”, “intends”, “plans”, “expects”, “projects”, “estimates”, “outlooks” and other similar expressions. Forward-looking information is not a guarantee of future performance and is based on a number of management estimates and assumptions in light of management’s experience and perception of trends, current conditions and expected developments, and other factors relevant in the circumstances, including assumptions regarding current and future market conditions, the current and future regulatory environment and the availability of licenses, approvals and permits.
Actual results and developments may differ materially from those contemplated by such statements. These forward-looking statements are based on certain assumptions regarding expected growth, results of operations, performance, industry trends and growth opportunities. These assumptions may turn out to be wrong. Readers are cautioned not to place undue reliance on forward-looking statements.
Forward-looking information is subject to a variety of risks and uncertainties that could cause actual events or results to differ materially from those projected in the forward-looking information. These risks and uncertainties include, but are not limited to, current and future market conditions; risks relating to federal, state, provincial, territorial, local and foreign laws, rules and regulations, including federal and state laws in the United States relating to cannabis operations in the United States; and the risk factors described in our registration statement on Form 10 and other filings with the United States Securities and Exchange Commission, which are available at www.sec.govand other documents filed with Canadian securities regulators, including TerrAscend’s management information circular dated October 4, 2021 and TerrAscend’s most recently filed MD&A, both filed with Canadian securities regulators securities and available under the TerrAscend profile on SEDAR at www.sedar.com.
The statements contained in this press release are made as of the date of this press release. TerrAscend disclaims any intention or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
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