Hedge fund invests in TerrAscend's $52.5 mln private placement
Canadian vertically-integrated cannabis business TerrAscend Corp has struck a deal to raise about $52.5 million from JW Asset Management, a U.S. hedge fund manager that invests in the global healthcare sector, and Canopy Growth Corp and Canopy Rivers Corp. As a result, Jason Wild, president and CEO of JW Asset Management, will join the board. Mississauga, Ontario-based TerrAscend owns and operates Solace Health Inc, a medical cannabis producer, Terra Health Network Inc, a provider of clinical support and education programs, and Solace Rx Inc, a drug preparation agency for non-cannabis formulations. It is led by President and CEO Basem Hanna.
16 November 2017•5 mins read
