Newtown Square medical marijuana company merging with cannabis provider

By: Luke Stangel

Newtown Square-based medical marijuana company Ilera Healthcare is spinning off part of its business, which will merge with Australian partner Zelda Therapeutics.

The deal comes just weeks after Canadian cannabis company TerrAscend purchased Illera in a cash and stock deal worth $125 million to $225 million, depending on performance payouts.

It wasn’t immediately clear how much the Zelda Therapeutics transaction was worth, or how many Ilera employees would be included in the merger.

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