---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-041350"
form_type: "8-K"
ticker: "TSNDF"
cik: "0001778129"
company_name: "TerrAscend Corp."
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T18:36:58.784515+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# TerrAscend Q2 2023 record revenue $72.1M (+12.7% YoY); reaffirms FY guidance

## Summary
- Net revenue $72.1M, up 12.7% YoY and 3.9% sequentially; gross margin 50.2% (+140bps).
- GAAP net loss from continuing ops $12.9M vs $19.2M in Q1; adjusted EBITDA $12.8M (17.8% margin).
- Reaffirmed FY2023 outlook: revenue at least $305M, adjusted EBITDA at least $58M.
- Closed Maryland dispensary acquisitions, $25M loan at prime+2.25%, paid down $43M of high-interest debt.
- Commenced trading on TSX under 'TSND'; cash and equivalents $34.5M.

## SEC filing metadata
- accession: 0000950170-23-041350
- form_type: 8-K
- ticker: TSNDF
- cik: 0001778129
- company_name: TerrAscend Corp.
- filed_at: 2023-08-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1778129/000095017023041350/0000950170-23-041350-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1778129/000095017023041350/tsndf-20230810.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-041350
- JSON: https://secwatch.observer/filing/0000950170-23-041350.json
- Plain text: https://secwatch.observer/filing/0000950170-23-041350.txt

## Key facts
- Earnings Releases
  TerrAscend Corp. reported the second quarter ended June 30, 2023 results: revenue $72.1 million, net income $12.9 million. Guidance reaffirmed.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $72.1 million
  - Net income: $12.9 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: Act, except as expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- EX-99.1 TerrAscend Reports Second Quarter 2023 Record Net Revenue of $72.1 Million, an Increase of 12.7% Year-Over-Year and 3.9% Sequentially, Representing its 7 th Consecutive Quarter of Sequential Revenue Growth Gross profit margin increased to 50.2%, an
  evidence_url: https://www.sec.gov/Archives/edgar/data/1778129/000095017023041350/0000950170-23-041350-index.htm

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