TRSSF - TerrAscend To Acquire Gage Growth: A Wild Merger Arbitrage Opportunity

• Gage Growth Corp. is a single-state cannabis operator which recently agreed to be acquired by TerrAscend Corp.
• Gage shareholders will receive 0.3001 shares of TerrAscend for every one share of Gage that they own, representing an 18% premium based on the closing price of both companies’ shares.
• The current deal spread is over 18% on a gross basis, which is very attractive for merger arbitrage spreads despite less risk than typical mergers.
• The deal is expected to be completed in the first half of 2022 and already has the backing of both companies’ Board of Directors and significant shareholder support.

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