TerrAscend Corp. has closed on its acquisition of Ohio retailer Ratio Cannabis for $10.3 million, marking the marijuana multistate operator ’s entry into its sixth state.
The previously announced acquisition increases TerrAscend’s retail footprint to 39 states in six states and Canada, according to a company news release.
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TerrAscend, which has offices in Toronto and King of Prussia, Pennsylvania, plans to acquire additional outlets in Ohio.
“Entering Ohio has long been a priority for us,” TerrAscend Executive Chair Jason Wild said in a statement about acquiring the store in Goshen Township, a Cincinnati suburb.
“This acquisition is a great first step in Ohio, and we will continue to aggressively pursue additional accretive dispensary acquisitions up to the eight-dispensary state limit.”
TerrAscend has
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