M&A
confidence high
sentiment negative
materiality 0.70
TerrAscend amends 8-K with Gage FY2021 financials: $44.3M net loss on $91.5M revenue
TerrAscend Corp.
- Gage revenue $91.5M, net loss $44.3M for year ended Dec 31, 2021 (net loss per share $0.14).
- Total assets $156.2M, total liabilities $141.6M, shareholders' equity $14.5M.
- Acquisition closed March 10, 2022; Gage shareholders received 51.3M TerrAscend shares, exchangeable units, options, warrants.
- Loss from operations $35.3M; operating expenses $64.7M including $49.0M general administration.