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Full-Time

Inventory Specialist

Ann Arbor

Posted on 7/25/2024

TerrAscend

TerrAscend

201-500 employees

Produces and sells cannabis products and services

Food & Agriculture
Hardware
Biotechnology
Consumer Goods

Mid

Ann Arbor, MI, USA

Category
Administrative & Executive Assistance
Administrative Support
Required Skills
Communications
Data Analysis
Excel/Numbers/Sheets
Requirements
  • Must be 21 years or older and be able to pass a background check
  • Must have a high school diploma
  • 3+ Years of inventory control experience required
  • METRC, ERP, and Cannabis seed to sale experience are highly preferred
  • Strong math skills, proficiency using Microsoft Excel and Word
  • Detail-oriented, dependable, and able to work well both alone and with others
  • Strong communication skills, both verbal and written
Responsibilities
  • Coordinate and facilitate the movement of inventory within the store
  • Work with the Inventory Administrator to ensure all inventory data is accurate
  • Audit the physical inventory to ensure that the virtual inventory aligns precisely
  • Research inventory out-of-balance situations and adjustments; implement controls to reduce adjustments
  • Create a discrepancy report to provide the quantity and value of lost or missing inventory and report to the appropriate Management
  • Must be exceptionally well organized to handle a large amount of inventory data, analysis, and reporting
  • Work with managers to maintain an accurate account of non-stock and unavailable inventory
  • Other duties as assigned

TerrAscend specializes in producing and selling cannabis products for both medicinal and recreational use. The company grows cannabis plants and processes them into various forms, including dried flower, oils, and edibles, which are then sold through their own retail brands and other distribution channels. Unlike many competitors, TerrAscend has a diverse business model that includes cultivation, processing, manufacturing, and retail, allowing them to control the quality of their products from start to finish. Their goal is to provide high-quality cannabis offerings while ensuring compliance with safety and efficacy standards, and they aim to expand their market presence through strategic acquisitions and innovation.

Company Stage

IPO

Total Funding

$332M

Headquarters

Ontario, California

Founded

2017

Growth & Insights
Headcount

6 month growth

13%

1 year growth

24%

2 year growth

85%
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Simplify's Take

What believers are saying

  • TerrAscend's listing on the Toronto Stock Exchange as the first cannabis company with revenues from multi-state operations in the U.S. highlights its strong market position and growth potential.
  • The acquisition of Herbiculture and the launch of adult-use sales in Maryland are expected to drive substantial sales and profit growth.
  • The company's ability to secure significant financing, such as the $25M loan and $20.5M private placement, indicates strong investor confidence and financial stability.

What critics are saying

  • The highly regulated nature of the cannabis industry poses compliance risks that could impact TerrAscend's operations and profitability.
  • The integration of multiple acquisitions may present challenges in terms of operational efficiency and cultural alignment.

What makes TerrAscend unique

  • TerrAscend's multifaceted business model, encompassing cultivation, processing, manufacturing, and retail, sets it apart from competitors who may focus on only one or two aspects of the cannabis supply chain.
  • The company's strategic acquisitions, such as Herbiculture and The Apothecarium, have significantly expanded its market presence and operational capabilities.
  • TerrAscend's commitment to scientific research and innovation ensures high-quality products, distinguishing it from competitors who may not prioritize these aspects.
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