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TerrAscend Corp.
TerrAscend Corp. is a vertically integrated North American cannabis operator co-founded by Jason Wild in 2017.
TerrAscend Corp.
TerrAscend was founded in 2017 when Jason Wild co-led a major investment with Canopy Growth to establish a Canadian licensed producer. The firm pivoted to the US in 2018, acquiring a vertically integrated license in New Jersey and subsequently expanding through acquisitions in California, Pennsylvania, Maryland, and Ohio. It also operates retail stores in Canada through TerrAscend Canada, Inc. The company pursues vertical integration across the cannabis value chain: cultivation, processing, manufacturing, branding, and retail. Its asset-class mix includes cultivation facilities, manufacturing plants, and a portfolio of branded products sold through company-owned dispensaries. Confirmed brands include The Apothecarium and Cookies (licensed products). Geographic footprint covers five US states and Canada. TerrAscend reported FY2024 net revenue of $306.7 million with a 48.9% gross profit margin. The firm employs approximately 1,200 people. It is listed on the TSX as the first cannabis multi-state operator on that exchange. No recent operational event in the last 24 months is publicly documented beyond its ongoing financial reporting. The company is structured as a publicly traded corporation, not a family office or private partnership. Governance includes a five-member board of directors and a seven-member executive leadership team. Its distinction lies in being among the first Canadian LPs to shift focus to US operations, executing a geographic pivot that capitalized on state-level legalization before federal change.
General information
Firm type
Asset Manager
Year founded
2017
AUM
Undisclosed
Location
Region
North America
Country
Canada
City
Mississauga
Corporate office
Mississauga, Ontario, Canada
Principals
Jason Wild
Co-Founder (as of founding)
Sector focus
Frequently asked questions
Who runs investment decisions at TerrAscend?
The firm's executive leadership team, composed of seven members, drives strategic and operational decisions. The board of directors provides oversight. Jason Wild co-founded the company and was a key investor at inception, but current day-to-day investment authority is not publicly specified beyond the executive team and board structure.
How does TerrAscend source proprietary deal flow?
TerrAscend has historically grown through acquisitions of cultivation facilities, manufacturing plants, and dispensaries in states where it holds licenses. The firm does not publicly detail a proprietary sourcing model beyond organic expansion and M&A in regulated cannabis markets.
Is TerrAscend structured as a single family office or does it operate more like a venture firm?
Neither. TerrAscend is a publicly traded corporation (TSX-listed) operating as a cannabis multi-state operator. It is not a family office or venture capital firm, though its founding involved a major investment from Canopy Growth.
Does TerrAscend participate in fund commitments or only direct deals?
The firm primarily executes direct operational investments — acquiring cultivation and retail assets — rather than committing capital to external funds. Its public filings describe direct ownership of facilities and brands.
What investment stages does TerrAscend typically target?
TerrAscend focuses on established, licensed cannabis operations in states with legal medical or recreational markets. Its acquisitions have been of operating businesses with existing licenses, cultivation capacity, or retail footprints, rather than seed-stage investments.
Which sectors does TerrAscend explicitly avoid?
The firm's disclosed activities are exclusively within the cannabis sector, including cultivation, manufacturing, branding, and retail. It does not appear to invest in any other industry.
Where does the underlying wealth come from?
The wealth origin of Jason Wild or other principals is not publicly disclosed. The company was launched with co-investment from Canopy Growth, a publicly traded cannabis producer.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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