TerrAscend to be exclusive manufacturer of Wana Brands in N.J.

TerrAscend Corp.
TRSSF,
-3.51%

TER,
-3.96%
said Thursday it inked a deal with Wana Brands to be the cannabis edible maker’s exclusive, sole manufacturer, supplier and commercial partner in New Jersey. TerrAscend will sell Wana edibles at its Apothecarium retail stores and third-party retailers in the Garden State. TerrAscend will also handle manufacturing and sales of Wana in Maryland, which is in the process of rolling out adult-use cannabis. Shares of TerrAscend are up 26.5% in 2023, compared to a 0.3% increase by the AdvisorShares Pure U.S Cannabis ETF
MSOS,
-3.04%
and a 4.7% rise by the Nasdaq
COMP,
-1.24%.