TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF) (“TerrAscend” or the “Company”) a leading North American cannabis operator, today announced that its greenhouse located at its Boonton facility has been approved by the New Jersey Department of Health (“NJ DOH”) to begin cultivating cannabis. Concurrently, TerrAscend has commenced initial planting of this facility with the first harvest anticipated to occur during the fourth quarter of this year.
The 37,000 square foot greenhouse is the first approved for medical cannabis cultivation in the state. The Company expects to complete the second phase of construction at the Boonton facility in October 2020, which will expand the company’s New Jersey capacity to a total of 140,000 square feet and add indoor cultivation and post-harvest manufacturing capabilities. TerrAscend has the ability to further increase its New Jersey operations to over 240,000 square feet.