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Full-Time

Retail Purchasing Manager

Confirmed live in the last 24 hours

TerrAscend

TerrAscend

201-500 employees

Produces and sells cannabis products and services

Food & Agriculture
Biotechnology

Junior, Mid

King of Prussia, PA, USA + 2 more

More locations: Jackson Township, NJ, USA | Maryland, USA

Hybrid role requiring occasional travel to retail and office locations in NJ, MD, and PA.

Category
Inventory Management
Procurement & Sourcing
Operations & Logistics
Required Skills
Sales
Communications
Data Analysis
Requirements
  • Associate’s or Bachelor’s degree is desirable.
  • Merchandising and buying experience (2+ years), ideally in cannabis
  • Supervisory experience required.
  • Excellent working knowledge of Excel and use of other software systems used for analytics.
  • Must be able to manage multiple projects, set priorities, and meet deadlines.
  • Experience frequently interacting with customers, fulfilling customer requests, and addressing issues, questions, or suggestions.
  • Professional written and verbal communication with multiple levels and departments, while being connected to the detailed support.
  • Knowledge of office management systems and procedures.
  • Good interpersonal skills and proven ability to positively influence people; must be capable of effectively interacting at all levels in the organization.
  • Detail oriented with an eye on process optimization.
  • Ability to work in a fast-paced environment, to manage high stress situations, and to be flexible and adaptable when a situation requires it.
Responsibilities
  • Develop and oversee the implementation of merchandising strategies for core assortments by market and by store by utilizing company reports and tools
  • Develop and oversee the implementation of merchandising strategies on pricing architecture (Good, Better, Best).
  • Monitor retail inventory levels at the SKU level to ensure proper levels to support current sales plan by utilizing company reports and tools.
  • Review and approve purchase orders quickly and timely to ensure the requested products from the vendor remain available.
  • Develop and maintain relationships with supply partners, liaising between TA and National Accounts and Partners to represent TA retail operations.
  • Negotiating with suppliers and vendors to secure advantageous terms and methods.
  • Interfacing with retail locations on existing and new products and inventory needs.
  • Approve retail pricing, ensuring sales, markups, and markdowns are executed.
  • Help develop and support product launches and promotional strategies focused on driving incremental revenue and profit dollars.
  • Partner with Finance to analyze SKU-level pricing and profitability and create actionable plans for the team to execute.
  • Remain in full compliance with the laws and regulations for each location, always.

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

14%

1 year growth

25%

2 year growth

77%
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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.