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TERRASCENT CORP - TSNDF STOCK NEWS

Welcome to our dedicated page for TERRASCENT news (Ticker: TSNDF), a resource for investors and traders seeking the latest updates and insights on TERRASCENT stock.

TerrAscend Corp (TSNDF) is a leading cannabis company with vertically integrated operations in Pennsylvania, New Jersey, Maryland, Michigan, and California. The company operates retail locations like The Apothecarium and Gage, with cultivation and manufacturing facilities. TerrAscend offers high-quality cannabis products, serving both medical and adult-use markets. With a diverse portfolio of brands like Cookies, Wana, and Valhalla Confections, TerrAscend is a prominent player in the North American cannabis sector.

News

TerrAscend Announces May Conference Participation

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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.

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TerrAscend Reports First Quarter 2024 Financial Results

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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.

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Sometimes Legends Come in Small Packages

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TerrAscend Corp. launches Legend mini pre-roll packs in New Jersey, offering consumers quality cannabis flower at everyday prices. The packs will be available exclusively at Apothecarium dispensaries in New Jersey starting April 26, expanding to the rest of the state on April 29. Each pack contains eight .375g pre-rolls with unique blends of two to three strains, catering to different preferences. TerrAscend aims to meet consumer demand for smaller, affordable, and convenient cannabis products, reinforcing its commitment to innovation in the New Jersey market.
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TerrAscend to Host First Quarter 2024 Earnings Conference Call

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TerrAscend Corp. to host conference call to discuss first quarter 2024 financial results on May 9, 2024. Investors can access the webcast or dial-in for details.
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TerrAscend Reports Fourth Quarter and Full Year 2023 Financial Results

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TerrAscend Corp. reports a record Net Revenue of $317.3 million in 2023, marking a 28.0% increase year-over-year. The company also achieved a Gross Profit margin of 50.3%, showing a 930 basis-point improvement. Adjusted EBITDA from continuing operations reached $68.8 million, up by 77.1% year-over-year. TerrAscend delivered its first full year of positive Cash Flow and Free Cash Flow.
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TerrAscend to Host Fourth Quarter and Full Year 2023 Earnings Conference Call

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TerrAscend Corp. to discuss Q4 and full-year 2023 results in conference call on March 14, 2024.
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TerrAscend Applauds Governor Shapiro’s Prioritization of Adult-Use Cannabis Legalization in Pennsylvania

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TerrAscend Corp. celebrates Governor Shapiro's endorsement of Pennsylvania's adult-use cannabis program, proposing legalization effective July 1st, 2024, and full adult-use sales commencing January 1, 2025. This move is expected to expand TerrAscend's offerings to adult-use consumers, making Pennsylvania its largest market. TerrAscend currently operates six dispensaries and its largest cultivation and production facility in the state.
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Valhalla’s Innovative Extra Strength Troches Set to Hit Dispensary Shelves Throughout Pennsylvania

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TerrAscend Corp. expands its Valhalla product lineup to include one of the first 100mg edibles in Pennsylvania, aiming to meet rising patient expectations. The high-potency troches will be available at all Apothecarium locations and additional dispensaries throughout the state, offering convenience and innovation to patients.
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TerrAscend to Present at the FONDS PROFESSIONELL KONGRESS in Germany on January 25th

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TerrAscend Corp. (
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TerrAscend Reports Record Third Quarter 2023 Results and Raises Full Year 2023 Guidance

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TerrAscend Corp. (TSX: TSND) (OTCQX: TSNDF) reported a 34.7% year-over-year and 23.7% sequential increase in net revenue to $89.2 million for Q3 2023. Gross profit margin improved to 53.6%, and adjusted EBITDA from continuing operations increased by 89% sequentially to $24.2 million. The company also raised its 2023 guidance for net revenue and adjusted EBITDA to $320 million and $73 million, respectively, implying 29% and 87% year-over-year growth. TerrAscend cited industry-leading revenue growth, gross margin expansion, and strong cash flow as key drivers of its performance.
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FAQ

What is the current stock price of TERRASCENT (TSNDF)?

The current stock price of TERRASCENT (TSNDF) is $1.16 as of October 15, 2024.

What is the market cap of TERRASCENT (TSNDF)?

The market cap of TERRASCENT (TSNDF) is approximately 431.6M.

What markets does TerrAscend operate in?

TerrAscend operates in Pennsylvania, New Jersey, Maryland, Michigan, and California.

What are some of TerrAscend's brands?

TerrAscend owns or licenses brands like Cookies, Wana, and Valhalla Confections.

What type of cannabis products does TerrAscend offer?

TerrAscend provides high-quality cannabis products for both medical and adult-use markets.

What are the core operations of TerrAscend?

TerrAscend has vertically integrated operations, including cultivation, manufacturing, and retail locations.

How can I contact TerrAscend for more information?

For more information, you can contact TerrAscend at IR@terrascend.com or call 855-837-7295.

What is the significance of TerrAscend in the cannabis sector?

TerrAscend is a prominent player in the North American cannabis sector, known for its high-quality products and diverse brand portfolio.

Does TerrAscend comply with legal regulations in the United States?

TerrAscend complies with legal regulations in the United States, including state laws related to cannabis operations.

Where can I find TerrAscend's retail locations?

TerrAscend operates retail locations like The Apothecarium and Gage in its core markets.

What sets TerrAscend apart from other cannabis companies?

TerrAscend's focus on consistent quality, diverse brand portfolio, and vertical integration sets it apart in the cannabis industry.

What is TerrAscend's approach to cultivation and manufacturing?

TerrAscend's cultivation and manufacturing practices prioritize consistent, high-quality cannabis for its customers.

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TERRASCENT CORP

OTC:TSNDF

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TSNDF Stock Data

431.65M
185.33M
7.06%
13.9%
Drug Manufacturers - Specialty & Generic
Healthcare
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United States of America
Mississauga