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
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.63%
Tags
-
Rhea-AI Summary
TerrAscend Corp. (
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.54%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.5%
Tags
Rhea-AI Summary
TerrAscend Corp. to host conference call to discuss third quarter 2023 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.47%
Tags
-
Rhea-AI Summary
TerrAscend Corp. to participate in Jefferies Cannabis Summit
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.49%
Tags
-
Rhea-AI Summary
TerrAscend raises full year 2023 guidance for Net Revenue and Adjusted EBITDA
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.26%
Tags
Rhea-AI Summary
TerrAscend Corp. announces participation in upcoming conferences
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.61%
Tags
-
Rhea-AI Summary
TerrAscend Corp. to host Investor Day at TSX, providing updates on U.S. divisions and growth strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.47%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.62%
Tags
Rhea-AI Summary
TerrAscend Corp. reported record second quarter 2023 net revenue of $72.1 million, up 12.7% YoY and 3.9% sequentially. Gross profit margin increased to 50.2% compared to 48.8% in Q1 2023. The company expects full year 2023 net revenue of at least $305 million and adjusted EBITDA of $58 million. The earnings conference call is scheduled for August 10, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.11%
Tags
FAQ
What is the current stock price of TERRASCENT (TSNDF)?
The current stock price of TERRASCENT (TSNDF) is $0.65 as of December 20, 2024.
What is the market cap of TERRASCENT (TSNDF)?
The market cap of TERRASCENT (TSNDF) is approximately 271.4M.
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.
TERRASCENT CORP
OTC:TSNDF
TSNDF Rankings
TSNDF Stock Data
271.44M
235.85M
7.06%
5.79%
Drug Manufacturers - Specialty & Generic
Healthcare
United States of America
Mississauga