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Full-Time

Marketing Manager

Michigan

Posted on 6/5/2024

TerrAscend

TerrAscend

201-500 employees

Produces and sells cannabis products and services

Food & Agriculture
Biotechnology

Junior, Mid

Detroit, MI, USA

Requires onsite presence in Detroit, Michigan for two to three days per week rotating mainly between various retail locations. Candidates living in the Detroit Metro area are preferred.

Category
Brand & Creative Marketing
General Marketing
PR & Communications
Growth & Marketing
Required Skills
Sales
Marketing
Customer Service
Data Analysis
Requirements
  • Bachelor’s degree
  • 2-4 years of Marketing experience
  • Previous experience working in cannabis marketing
  • Excellent time management
  • Demonstrated experience with data analytics
  • Strong work ethic and customer service mentality
  • Proficiency in Microsoft Office Suite
  • Ability to travel within Michigan
Responsibilities
  • Develop and execute in-market initiatives
  • Build brand awareness and loyalty
  • Facilitate MarCom execution
  • Manage social channels and content calendars
  • Execute local events and state/municipality requirements
  • Analyze market trends
  • Pull and analyze sales data
  • Travel to retail locations
  • Collaborate with Marketing Director

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

15%

1 year growth

27%

2 year growth

82%
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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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