TerrAscend Acquires Fifth New Jersey Dispensary in Hunterdon County
TerrAscend expands its New Jersey footprint by agreeing to acquire Aunt Mary's, a Hunterdon County dispensary generating over $10M annually.
Cannabis multistate operator TerrAscend has signed an agreement to acquire Aunt Mary's, a dispensary located in Hunterdon County, New Jersey, marking the company's fifth retail location in the state. The deal adds a high-performing retail asset to TerrAscend's growing Garden State portfolio at a time when New Jersey's adult-use cannabis market continues to mature rapidly.
Aunt Mary's currently generates more than $10 million in annualized revenue, signaling strong consumer demand in Hunterdon County — a market that gives TerrAscend geographic reach beyond its existing New Jersey locations. The acquisition deepens the operator's presence in one of the Northeast's most competitive regulated cannabis markets.
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For TerrAscend, adding a proven, revenue-generating dispensary rather than building from scratch reduces both execution risk and time-to-revenue. Acquiring established retail operations has become a common strategic lever for multistate operators looking to scale without waiting on new license approvals or buildouts in high-demand states.
The agreement underscores the ongoing consolidation trend sweeping the U.S. cannabis retail sector, as larger operators absorb independent dispensaries to capture market share and improve operational efficiency. New Jersey, one of the more recently activated adult-use markets on the East Coast, continues to attract significant M&A activity from well-capitalized cannabis companies.
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