TERRASCENT CORP - TSNDF STOCK NEWS

TerrAscend Corp. (TSX: TSND, OTCQX: TSNDF) reported Q3 2024 financial results with net revenue of $74.2 million, down from $77.5 million in Q2 2024. The company maintained a gross profit margin of 48.8% and reported a net loss of $21.4 million from continuing operations. Notable achievements include the ninth consecutive quarter of positive cash flow from operations and fifth consecutive quarter of positive free cash flow. The company secured a $140 million senior secured term loan at 12.75% interest and announced plans to enter the Ohio market through a dispensary acquisition. TerrAscend maintains the #1 market share position in New Jersey and grew wholesale revenue in Maryland by 26% quarter-over-quarter.

TerrAscend has signed a definitive agreement to acquire Ratio Cannabis , a profitable dispensary in Goshen Township, Ohio, marking its entry into its sixth state. The $10.3 million acquisition includes $5.0 million in cash, $1.32 million in company shares, and a $3.98 million seller's note. The transaction is expected to be immediately accretive on EBITDA and cashflow. Ratio Cannabis operates in a strategic location with no competition within a 20-mile radius. This acquisition will expand TerrAscend's U.S. retail footprint to 38 dispensaries across six states, with plans for further expansion in Ohio's emerging adult-use market.

TerrAscend Corp. (TSX: TSND) (OTCQX: TSNDF), a leading North American cannabis company, has announced it will host a conference call to discuss its third quarter 2024 results on Wednesday, November 6, 2024, at 5:00 p.m. Eastern Time. The company will release its financial results for the quarter ended September 30, 2024, after market close on the same day.

Conference call details include:

• Webcast: https://app.webinar.net/9j6aMNoEX1d
• Dial-in Number: 1-888-510-2154
• Replay: 1-289-819-1450 or 1-888-660-6345 (available until November 20, 2024, midnight ET)
• Replay Entry Code: 37705#

TerrAscend Corp. (TSX: TSND, OTCQX: TSNDF), a leading North American cannabis company, has announced the completion of the second draw of US$26 million in gross proceeds from its senior secured term loan. This brings the total gross proceeds to US$140 million from funds managed by FocusGrowth Asset Management, LP and other loan syndicate members.

The loan carries an interest rate of 12.75%, matures in August 2028, and contains no prepayment penalties. It is guaranteed by TerrAscend and TerrAscend USA, Inc., and secured by consolidated entities in Pennsylvania, California, Michigan, and certain entities in Maryland. The proceeds from the second draw were used to pay down the company's higher interest Michigan debt.

The initial draw of US$114 million was completed in August 2024. Notably, no warrants were issued as part of the loan. Ventum Capital Markets acted as the exclusive financial advisor for this transaction.

TerrAscend Corp. (TSX: TSND) (OTCQX: TSNDF), a leading North American cannabis company, has announced its participation in the ATB Capital Markets 2024 Life Sciences Institutional Investor Conference on September 18, 2024, in New York City. Key highlights include:

• Jason Wild, Executive Chairman, will join a panel discussion on cannabis reform's impact on valuations and investor engagement
• The panel is scheduled for September 18th at 8:00 AM ET
• Management team, including Wild, CEO Ziad Ghanem, and CFO Keith Stauffer, will host one-on-one meetings during the conference

This event provides an opportunity for TerrAscend to engage with institutional investors and discuss the evolving cannabis industry landscape.

TerrAscend Corp. (TSX: TSND) (OTCQX: TSNDF), a leading North American cannabis company, has announced a $10 million share repurchase program. The company's Board of Directors has authorized a normal course issuer bid (NCIB) to repurchase up to 10 million common shares over a 12-month period, representing 5% of the public float. The program will run from August 22, 2024, to August 21, 2025.

Executive Chairman Jason Wild expressed confidence in TerrAscend's future and commitment to enhancing shareholder value. The company is not obligated to purchase any shares and may suspend or terminate the program at any time. TerrAscend does not expect to incur debt to fund the repurchase program. Shares may be purchased on the Toronto Stock Exchange, OTCQX Best Market, or alternative trading systems, subject to a daily repurchase restriction of 65,361 shares.

TerrAscend Corp. (TSX: TSND, OTCQX: TSNDF) reported its Q2 2024 financial results, showing strong growth and improved profitability. Key highlights include:

- Net Revenue of $77.5 million, up 7.5% year-over-year
- Gross Profit Margin of 48.6%
- Adjusted EBITDA from continuing operations of $15.6 million, a 21.9% increase year-over-year
- Free Cash Flow of $11.7 million
- Maintained #1 market share position in New Jersey throughout H1 2024

The company achieved its 8th consecutive quarter of positive cash flow from continuing operations. TerrAscend also closed a $140 million senior secured term loan, providing financial flexibility for future growth and expansion strategies.

TerrAscend Corp. (TSX: TSND, OTCQX: TSNDF) has secured a $140 million senior secured term loan from FocusGrowth Asset Management and other syndicate members. The non-dilutive financing features a 12.75% interest rate and matures in August 2028 with no prepayment penalties. The loan includes an initial draw of $114 million for operations in Pennsylvania, Maryland, and California, with a second draw of $26 million expected in September 2024 for Michigan operations.

The proceeds will be used to retire existing debt and potentially fund M&A activities for geographic expansion. This financing strengthens TerrAscend's balance sheet and provides financial flexibility for growth, with no other material debt maturing until late 2027. The transaction also involved a related party participation from Jason Wild, an insider of the company, who invested approximately $7.5 million in the loan syndicate.

TerrAscend, a leading North American cannabis company, will host a conference call to discuss its second quarter 2024 financial results on August 8, 2024, at 5:00 p.m. Eastern Time. The results for the quarter ended June 30, 2024, will be released the same day after market close.

TerrAscend operates in several U.S. states, including Pennsylvania, New Jersey, Maryland, Michigan, and California, and runs retail operations in Canada. The company's portfolio includes brands such as Gage Cannabis, The Apothecarium, Cookies, and more.