---
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"
generated_at: "2026-06-21T16:45:53.531567+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# TerrAscend Q2 revenue $64.8M (+31% QoQ); GAAP net income $14.2M vs. -$16M Q1

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-025394
- JSON: https://secwatch.observer/filing/0000950170-22-025394.json
- Plain text: https://secwatch.observer/filing/0000950170-22-025394.txt

## Key facts
- Earnings Releases
  TerrAscend Corp. reported the second quarter ending June 30, 2022 results: revenue $65 million, net income $14.2 million.
  - Period: the second quarter ending June 30, 2022
  - Revenue: $65 million
  - Net income: $14.2 million
  - Result: reported results
  source text: • 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_url: https://www.sec.gov/Archives/edgar/data/1778129/000095017022025394/0000950170-22-025394-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.