trending Market Intelligence /marketintelligence/en/news-insights/trending/adHkDvtTlZfZWWqVP03SVA2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

TerrAscend closes oversubscribed private placement with C$69M

Blog

Q1 2021 Global Capital Markets Activity: SPAC IPOs, Issuance in Consumer Discretionary Sector Surge

Blog

COVID-19 Impact & Recovery: Private Equity

COVID-19 Impact & Recovery: Corporates

Blog

COVID-19 Impact & Recovery: Investment Banking


TerrAscend closes oversubscribed private placement with C$69M

TerrAscend Corp. closed a private placement, raising C$69 million.

The Mississauga, Ontario-based company said it sold 9,026,034 common shares at C$7.64 apiece in an upsized nonbrokered private placement.

Gross proceeds amounted to about C$69 million.

TerrAscend's entire leadership team participated in the placement. The lead order worth US$18.4 million came from funds advised by JW Asset Management LLC and affiliated entities.

Proceeds from the offering will be used to fund the Canadian biopharmaceutical and wellness company's acquisition strategy in the U.S., working capital and general corporate purposes.