---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-036248"
form_type: "8-K"
ticker: "TSNDF"
cik: "0001778129"
company_name: "TerrAscend Corp."
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T18:42:15.140979+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# TerrAscend preannounces Q2 revenue $72.1M (+12.7% YoY), gross margin 50.2%; guides FY23 revenue ≥$305M

## Summary
- Q2 2023 net revenue $72.1M, up 12.7% YoY and 3.9% sequentially; gross profit margin 50.2% vs 48.8% in Q1 2023.
- Full-year 2023 guidance: net revenue at least $305M (23% YoY growth), Adjusted EBITDA at least $58M (49% YoY growth).
- Preliminary results exceeded internal forecasts; company cites improved margins, balance sheet transformation, and positive cashflow.
- Acquired four dispensaries in Maryland and listed on TSX during the quarter; conference call scheduled for August 10, 2023.

## SEC filing metadata
- accession: 0000950170-23-036248
- form_type: 8-K
- ticker: TSNDF
- cik: 0001778129
- company_name: TerrAscend Corp.
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1778129/000095017023036248/0000950170-23-036248-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1778129/000095017023036248/tsndf-20230801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-036248
- JSON: https://secwatch.observer/filing/0000950170-23-036248.json
- Plain text: https://secwatch.observer/filing/0000950170-23-036248.txt

## Key facts
- Earnings Releases
  TerrAscend Corp. reported second quarter ended June 30, 2023 results: revenue $72.1 million. Guidance initiated.
  - Period: second quarter ended June 30, 2023
  - Revenue: $72.1 million
  - Guidance: initiated
  - Result: preliminary results
  source text: (EX-99.1) --- EX-99.1 TerrAscend Preannounces Strong Second Quarter 2023 Revenue and Gross Margins and Provides Full Year Guidance Record second quarter 2023 Net Revenue of $72.1 million, up 12.7% year-over-year and 3.9% sequentially, representing the 7 th consecutive quarter of sequential growth Gross Profit Margin increased to 50.2% compared to 48.8% in Q1 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1778129/000095017023036248/0000950170-23-036248-index.htm

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