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TerrAscend Corp. (TSX: TSND) (OTCQX: TSNDF), a leading North American cannabis operator, has announced their participation in key conferences this May. The executive management team, including Executive Chairman Jason Wild, CEO Ziad Ghanem, and CFO Keith Stauffer, will represent the company at the 19th Annual Needham Technology, Media, & Consumer Virtual Conference (May 14-16, 2024) and the Canaccord Genuity 8th Annual Global Cannabis Conference in New York City (May 23, 2024). Highlights include a virtual fireside chat by Wild on May 16th at 3:00 PM ET and a panel discussion on emerging US markets on May 23rd at 2:15 PM ET.
TerrAscend Corp. reported a net revenue of $80.6 million, a 16.1% increase year-over-year, with a gross profit margin of 48.0%. The company achieved positive free cash flow and EBITDA growth, showing strong financial performance. Operational highlights include debt reduction, sales growth in Pennsylvania and Michigan, and strategic acquisitions. While net loss decreased, adjusted EBITDA increased by 33%, indicating overall positive business performance.