CapStone Invests $25M in Ilera Healthcare

CapStone Holdings, a business incubator and investment group, made a $25m investment in TerrAscend’s Ilera Healthcare Division, a vertically-integrated medical marijuana cultivator, processor, and dispensary operator in Pennsylvania.

CapStone is one of a group of investors in a $120 million loan facility to enable Ilera’s parent company – TerrAscend Corp. (CSE: TER;OTCQX: TRSSF) – to satisfy the final Ilera Healthcare earn-out payments, in connection with TerrAscend’s acquisition of Ilera Healthcare, without the need for additional external funding.  

Ilera Healthcare is Pennsylvania’s premier medical marijuana cultivator, processor and dispenser, offering patients registered in the Pennsylvania Medical Marijuana program with products that provide relief to lead healthier lives. The company operates its primary dispensary in Plymouth Meeting, Pennsylvania, with plans to open two additional dispensary sites in Pennsylvania within the year.



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