{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-021267","form_type":"8-K","ticker":"TSNDF","cik":"0001778129","company_name":"TerrAscend Corp.","filed_at":"2023-05-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.516294+00:00","generated_at":"2026-06-15T04:28:50.742766+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"TerrAscend Q1 revenue $69.4M (+42.8% YoY), gross margin 48.8%, positive FCF $5.9M","bullets":["Net revenue $69.4M, up 42.8% YoY; gross margin 48.8%, up 420 bps sequentially.","GAAP net loss from continuing ops $19.2M vs $2.0M in Q4 2022 due to prior impairment reversal.","Adjusted EBITDA $12.2M (17.6% margin), flat sequentially, up from $4.9M in Q1 2022.","Positive free cash flow $5.9M, first since Q1 2021; cash $32.9M, up from $26.2M.","Closed AMMD dispensary acquisition in Maryland for $9.6M cash; applied for TSX listing."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-021267","json":"https://secwatch.observer/filing/0000950170-23-021267.json","markdown":"https://secwatch.observer/filing/0000950170-23-021267.md","text":"https://secwatch.observer/filing/0000950170-23-021267.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1778129/000095017023021267/0000950170-23-021267-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1778129/000095017023021267/trssf-20230511.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T04:28:50.742766+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":"ce16c86cdd4c71a2104b3c9565a09e50889c386e","claim":"TerrAscend Corp. reported the first quarter ended March 31, 2023 results: revenue $69.4 million, net income $19.2 million.","evidence_excerpt":"First Quarter 2023 Financial Highlights ● Net Revenue was $69.4 million, an increase of 0.6% sequentially and 42.8% year-over-year. ● Gross Profit Margin was 48.8%, compared to 44.6% in Q4 2022 and 32.1% in Q1 2022. ● Adjusted Gross Profit Margin 1 was 49.0%, compared to 45.3% in Q4 2022 and 40.3% in Q1 2022. ● GAAP Net loss from continuing operations was $19.2 million, compared to $2.0 million in Q4 2022 and $13.8 million in Q1 2022. ● EBITDA from continuing operations 1 was $6.1 million, compared to $30.0 million in Q4 2022 and $1.1 million in Q1 2022. ● Adjusted EBITDA from continuing operations 1 was $12.2 million, compared to $12.2 million in Q4 2022 and $4.9 million in Q1 2022. ● Adjusted EBITDA Margin from continuing operations 1 was 17.6%, compared to 17.7% in Q4 2022 and 10.1% in Q1 2022. ● Cashflow provided by (used in) continuing operations was $8.4 million compared to $7.3 million in Q4 2022 and ($18.8) million in Q1 2022. ● Free cash flow was a positive $5.9 million compar","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1778129/000095017023021267/0000950170-23-021267-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2023"},{"label":"Revenue","value":"$69.4 million"},{"label":"Net income","value":"$19.2 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"}