TerrAscend Corp., a leading North American cannabis operator, announced an expanded partnership with Precision Extraction Solutions. Through a newly signed agreement, Precision, a Detroit-based company with an extensive portfolio of cannabis extraction, refinement, and processing technologies, will provide state-of-the-art equipment for TerrAscend’s current and future product lines.
Precision is designing a multi-solvent lab in TerrAscend’s New Jersey facility, currently under construction in Boonton Township. This new lab will be one of only a few of its kind in the United States. The dual-capacity facility will allow TerrAscend, already known for its best-in-class and high-quality brands such as Valhalla, Funky Farms, Ilera and State Flower, to produce a wide range of popular and innovative products, from medical grade vaporizer oils to live resins and various concentrate formats.
Additionally, Pennsylvania based Ilera Healthcare, a wholly-owned subsidiary of TerrAscend, is boosting its production capabilities with new Precision X10 lab extraction systems.