secwatch.observer — SEC 8-K summary
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Issuer:     TerrAscend Corp. (TSNDF)
CIK:        0001778129
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0000950170-23-041350
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1778129/000095017023041350/0000950170-23-041350-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1778129/000095017023041350/tsndf-20230810.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-041350

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