secwatch.observer — SEC 8-K summary
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Issuer:     TerrAscend Corp. (TSNDF)
CIK:        0001778129
Form:       8-K
Filed at:   2022-11-17T23:59:59+00:00
Accession:  0000950170-22-025394
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1778129/000095017022025394/0000950170-22-025394-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1778129/000095017022025394/trssf-20220811.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-025394

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