Welcome to our dedicated page for TRSSF news (Ticker: TRSSF), a resource for investors and traders seeking the latest updates and insights on TRSSF stock.
TerrAscend (TRSSF) is a leading North American cannabis operator with vertically integrated operations in key markets. The company's focus is on creating high-quality products and brands, supported by a strong financial position and strategic partnerships.
Recently, TerrAscend completed the acquisition of Blue Ridge, a move expected to enhance EBITDA and cash flow. The company's executives in Toronto recently rang the opening bell for a trading session, showcasing their commitment to growth and development.
With a new OTC Markets symbol change aligning with their TSX listing, TerrAscend continues to demonstrate its dedication to expanding its presence and delivering value to shareholders.
Tyson 2.0, co-founded by Mike Tyson, has successfully closed a $9 million Series A funding round, led by JW Asset Management. The company, which has become a popular cannabis brand across 20 U.S. states and Canada, has sold over 4,000 pounds of cannabis flower. The funds will be instrumental in acquiring celebrity intellectual properties, enhancing marketing, and expanding distribution. Additionally, Nicole Cosby has been appointed as the Chief Legal and Licensing Officer. Tyson 2.0 aims to capitalize on the growing demand for celebrity-backed cannabis products.
TerrAscend Corp. (TRSSF) reported Q1 2022 net sales of $49.7 million, a slight increase from $49.2 million in Q4 2021, but a decrease of 7% year-over-year. Gross profit margin fell to 30.5% from 42.3% in the previous quarter, with adjusted EBITDA dropping to $3.3 million from $11.9 million. The company experienced challenges due to a vape recall in Pennsylvania and increased costs in New Jersey ahead of adult sales. However, it remains optimistic for Q2, expecting improved revenue and margins, supported by strategic acquisitions and market growth.
FAQ
What is the market cap of TRSSF (TRSSF)?
What is TerrAscend's main focus?
What recent acquisition did TerrAscend complete?
Where are TerrAscend's executives based?
What recent change occurred with TerrAscend's symbol?
What sets TerrAscend apart in the cannabis industry?
How can investors contact TerrAscend for more information?
Who should investors contact for media inquiries about TerrAscend?
What is TerrAscend's goal for its products and brands?
How does TerrAscend demonstrate its commitment to shareholders?
Where does TerrAscend operate?
