30 Leading Companies to Watch 2023
Cio Bulletin
TerrAscend stands out as a prominent cannabis operator in North America, boasting vertically integrated operations across Pennsylvania, New Jersey, and California. Additionally, they hold a license as a producer in Canada. Recognized for their excellence, TerrAscend manages an acclaimed chain of Apothecarium dispensary retail outlets. They also operate extensive cultivation, processing, and manufacturing facilities on both the East and West coasts.
TerrAscend's commitment to quality is evident through their industry-leading cultivation and manufacturing practices, ensuring the production of consistent, high-quality cannabis. This dedication enables them to offer a diverse and superior selection of products to both medical patients and legal adult-use customers.
In addition to their core operations, TerrAscend owns various complementary businesses and brands, including The Apothecarium, Ilera Healthcare, State Flower, Valhalla Confections, and Arise Bioscience Inc. Through their diverse portfolio and dedication to quality, TerrAscend continues to make a significant impact in the cannabis industry.
TerrAscend's Strategic Dispensary Network
In the competitive landscape of the cannabis retail industry, The Apothecarium, a venture initiated by three first cousins and two family friends in San Francisco in 2011, has carved a distinctive niche for itself. With an origin story rooted in family bonds and entrepreneurial spirit, The Apothecarium has strategically expanded its presence across both the West and East Coasts of the United States.
On the West Coast, The Apothecarium has strategically positioned itself with three dispensaries in San Francisco, one each in Berkeley and Capitola, California. These locations serve as focal points for the cannabis community, offering a curated selection of products and a unique retail experience. The brand's commitment to quality and customer satisfaction is evident in these establishments.
Expanding its footprint on the East Coast, The Apothecarium has established a significant presence in various key locations. From Lancaster and Thorndale to Stroudsburg, Allentown, Bethlehem, and Plymouth Meeting in Pennsylvania, and further into Phillipsburg, Maplewood, and Lodi in New Jersey, The Apothecarium's reach spans diverse communities. Additionally, their retail outlets in Maryland towns such as Burtonsville, Cumberland, Parkville, and Salisbury signify a strategic approach to catering to different market segments.
Michigan stands as a testament to TerrAscend's commitment to widespread accessibility. With a total of 19 retail stores in the state, the company has strategically placed its dispensaries across multiple cities. The presence of eight Gage dispensaries in Adrian, Battle Creek, Burton, Ferndale, Grand Rapids, Kalamazoo, Lansing, and Traverse City, alongside Cookies stores in Ann Arbor, Detroit, Oxford, Jackson, and Kalamazoo, demonstrates a comprehensive strategy to cater to diverse consumer preferences. The inclusion of Pinnacle dispensaries in Morenci, Buchanan, Addison, Edmore, and Camden, along with a Lemonnade outlet in Center Line, signifies an inclusive approach to serve various communities.
This expansive and well-thought-out retail network underscores TerrAscend's dedication to meeting the needs of a diverse customer base. By strategically locating their dispensaries in key regions, they not only provide access to high-quality cannabis products but also contribute significantly to the local economies and the overall growth of the cannabis industry. Their widespread presence reflects a commitment to inclusivity, product variety, and customer satisfaction, making them a formidable force in the cannabis retail landscape.
TerrAscend's Commitment to Excellence: Elevating Cannabis Production Standards
TerrAscend stands as a beacon of quality and innovation in the cannabis industry, upholding a steadfast commitment to excellence in cultivation and processing. With state-of-the-art facilities and a meticulous approach, they are redefining industry standards and setting new benchmarks for premium cannabis production.
Advanced Cultivation Techniques: TerrAscend employs cutting-edge cultivation methods, leveraging technology and expertise to optimize plant growth. Their commitment to research and development ensures the implementation of innovative techniques that maximize yields while maintaining the highest quality standards. Through continuous refinement, they cultivate cannabis of unparalleled quality, meeting the diverse needs of medical patients and recreational users.
Superior Cultivars for Exceptional Products: At the heart of TerrAscend's success lies their focus on superior cultivars. They carefully select and cultivate premium strains, emphasizing not only potency but also unique flavors, aromas, and therapeutic properties. By prioritizing the cultivation of exceptional genetic varieties, TerrAscend ensures that their products offer consistent and delightful experiences, making them a preferred choice among discerning consumers.
Investment in Technology: TerrAscend's commitment to excellence extends to their strategic investments in cutting-edge technology. By staying at the forefront of industry innovations, they enhance their cultivation and processing capabilities. From advanced climate control systems to state-of-the-art extraction methods, these investments enable TerrAscend to produce a wide range of high-quality products, meeting the diverse demands of the market.
Premium Extracts and Diverse Product Portfolio: TerrAscend's dedication to quality is further exemplified through their premium extracts. By utilizing advanced extraction technologies, they create concentrated products that preserve the essence of the plant. These extracts serve as the foundation for a diverse product portfolio, which includes oils, vape products, edibles, and high-quality dried flower. This variety ensures that medical patients and consumers have access to products tailored to their preferences and needs.
Sustainable and Responsible Practices: In addition to their focus on quality, TerrAscend prioritizes sustainability and responsible practices. They implement eco-friendly initiatives and ethical cultivation methods, ensuring a minimal environmental impact. By embracing sustainable practices, they not only produce exceptional cannabis products but also contribute to the preservation of the environment, aligning with the values of eco-conscious consumers.
TerrAscend's relentless pursuit of excellence in cultivation and processing is evident in every aspect of their operations. By combining advanced techniques, superior cultivars, technological investments, and a commitment to sustainability, they are at the forefront of elevating cannabis production standards, enriching the industry and enhancing the experiences of cannabis enthusiasts worldwide.
Jason Wild | Executive Chairman
Jason Wild first joined the board as Chairman of TerrAscend after leading a private placement into the company in 2017. Having built a deep knowledge base and network in the cannabis industry over the years, Mr. Wild brings strategic value as an investor and partner. He works collaboratively with the board and management team to help guide the company’s strategy and source M&A opportunities with his extensive network.
In addition to his role with TerrAscend, Mr. Wild is the President Chief Investment Officer of JW Asset Management, an SEC registered investment adviser with more than $500 million in assets under management. Starting his first fund in 1998 with under $100,000 in assets, Mr. Wild achieved early success by leveraging his background as a pharmacist finding undervalued, specialty pharmaceutical companies, and focusing on long term price appreciation. He also serves on the board of Vitruvias Therapeutics, a US based generic drug company.
“From our vertically integrated operations across North America to our diverse portfolio of trusted brands, we are dedicated to delivering consistent, high-quality cannabis products to enhance the lives of our customers.”