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Full-Time

Extraction Materials Handler

Posted on 6/18/2024

TerrAscend

TerrAscend

201-500 employees

Produces and sells cannabis products and services

Food & Agriculture
Hardware
Biotechnology
Consumer Goods

Entry

Chambersburg, PA, USA

Category
Supply Chain Management
Operations & Logistics
Requirements
  • High School diploma or GED equivalent
  • Experience working in a GMP manufacturing or laboratory environment is preferred
  • Meet state age requirements
Responsibilities
  • Adhere to the daily packaging schedules
  • Verify working areas and equipment are in good order
  • Operate and maintain equipment according to SOPs
  • Manage inventory of packaging components
  • Adhere to safe chemical handling procedures
  • Maintain a safe and orderly environment
  • Report to Packaging Lead
  • Drive productivity in packaging processes

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.
INACTIVE