TerrAscend Completes Oversubscribed Debt Financing, Raising $21.7 Million (opens original article in a new tab)

TerrAscend raised $21.7 million through an oversubscribed debt financing, using part of the funds to retire existing debt and allocating the rest for mergers and acquisitions.

• TerrAscend completed a $21.7 million debt financing through convertible debentures.
• $11.1 million of the proceeds were used to retire higher interest rate debt, with the remainder for M&A.
• The debentures mature in 2031 and are convertible into common shares at a 25% premium.