GENESEE COUNTY, Mich. – A multistate cannabis company is cutting all of its Michigan ties.
All 20 dispensaries under the TerrAscend Corporation in Michigan will be sold or divested, according to a company announcement.
Four Michigan cultivation and processing facilities owned by TerrAscend will also cease operations.
The exit plan is expected to be completed by the end of 2025.
Among the businesses is Gage on Center Rd. in Burton.
“Michigan is an extremely difficult market and we have come to the realization that our resources can be better utilized in our other markets.” – Jason Wild, Executive Chairman of TerrAscend
