{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-22-025394","form_type":"8-K","ticker":"TSNDF","cik":"0001778129","company_name":"TerrAscend Corp.","filed_at":"2022-11-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.082248+00:00","generated_at":"2026-06-21T16:45:53.531567+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"TerrAscend Q2 revenue $64.8M (+31% QoQ); GAAP net income $14.2M vs. -$16M Q1","bullets":["Net sales $64.8M, up 31% sequentially from $49.7M; 10.4% YoY growth, driven by New Jersey adult-use launch.","GAAP net income $14.2M vs. net loss of $16.0M in Q1; Adjusted EBITDA $5.8M (8.9% margin) vs. $3.3M.","Adjusted gross margin improved to 47.1% from 38.4% QoQ, driven by core business improvements.","Cash $49M as of June 30; used $16.1M operating cash, partly due to $9.2M tax and $6.4M interest payments.","Announced acquisitions of Pinnacle (5 MI dispensaries) and AMMD (MD) to expand vertical integration."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-22-025394","json":"https://secwatch.observer/filing/0000950170-22-025394.json","markdown":"https://secwatch.observer/filing/0000950170-22-025394.md","text":"https://secwatch.observer/filing/0000950170-22-025394.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1778129/000095017022025394/0000950170-22-025394-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1778129/000095017022025394/trssf-20220811.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T16:45:53.531567+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"92a3bc0ee8517a79cce07616b44eafcd37957069","claim":"TerrAscend Corp. reported the second quarter ending June 30, 2022 results: revenue $65 million, net income $14.2 million.","evidence_excerpt":"• Net Sales increased 31% sequentially to $65 million as compared to $50 million in Q1 2022. • Gross Profit Margin was 35.5% as compared to 30.4% in Q1 2022. • Adjusted Gross Profit Margin 1 was 47.1% as compared to 38.4% in Q1 2022. • Adjusted EBITDA 1 was $5.8 million as compared to $3.3 million in Q1 2022. • Adjusted EBITDA Margin 1 was 8.9% as compared to 6.6% in Q1 2022. • GAAP Net Income was $14.2 million as compared to net loss of $16 million in Q1 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1778129/000095017022025394/0000950170-22-025394-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter ending June 30, 2022"},{"label":"Revenue","value":"$65 million"},{"label":"Net income","value":"$14.2 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}