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) maintains its position as a vertically integrated leader in North American cannabis markets through strategic growth initiatives and product excellence. This comprehensive news hub provides investors with essential updates on corporate milestones, financial developments, and regulatory compliance matters.
Access timely reports covering earnings announcements, facility expansions, and brand partnerships. Track the company's progress in key operational areas including cultivation optimization, retail distribution networks, and market penetration strategies. All press releases are sourced directly from official corporate communications.
Bookmark this page for convenient access to TerrAscend's latest business updates, leadership announcements, and industry analysis. Check regularly for new information about product launches, compliance achievements, and financial position enhancements that shape the company's trajectory in regulated cannabis markets.
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.
