secwatch.observer — SEC 8-K summary
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Issuer:     TerrAscend Corp. (TSNDF)
CIK:        0001778129
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0000950170-23-021267
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TerrAscend Q1 revenue $69.4M (+42.8% YoY), gross margin 48.8%, positive FCF $5.9M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1778129/000095017023021267/0000950170-23-021267-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1778129/000095017023021267/trssf-20230511.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-021267

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer