---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-053212"
form_type: "8-K"
ticker: "TSNDF"
cik: "0001778129"
company_name: "TerrAscend Corp."
filed_at: "2023-10-13T23:59:59+00:00"
generated_at: "2026-06-10T00:06:56.080173+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# TerrAscend raises FY2023 guidance: net revenue at least $317M, adjusted EBITDA at least $63M

## Summary
- New FY2023 guidance: net revenue at least $317M (up 28% YoY) vs prior $305M; adjusted EBITDA at least $63M (up 62% YoY) vs prior $58M.
- Preliminary Q3 Michigan gross margin >40%, an 1800-basis-point YoY improvement.
- Expects gross margin to exceed 50% in H2 2023 and positive free cashflow from continuing operations in H2.
- Investor Day held Oct 13, 2023, with leadership presenting strategy and long-term growth outlook.

## SEC filing metadata
- accession: 0000950170-23-053212
- form_type: 8-K
- ticker: TSNDF
- cik: 0001778129
- company_name: TerrAscend Corp.
- filed_at: 2023-10-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1778129/000095017023053212/0000950170-23-053212-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1778129/000095017023053212/tsndf-20231013.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-053212
- JSON: https://secwatch.observer/filing/0000950170-23-053212.json
- Plain text: https://secwatch.observer/filing/0000950170-23-053212.txt

## Key facts
- Earnings Releases
  TerrAscend Corp. reported full year 2023 results: revenue at least $317 million. Guidance raised.
  - Period: full year 2023
  - Revenue: at least $317 million
  - Guidance: raised
  - Result: guidance update
  source text: TerrAscend Raises Full Year 2023 Guidance Company expects full year 2023 Net Revenue and Adjusted EBITDA from continuing operations 1 of at least $317 million and $63 million, respectively, versus previous guidance of at least $305 million and $58 million, respectively
  evidence_url: https://www.sec.gov/Archives/edgar/data/1778129/000095017023053212/0000950170-23-053212-index.htm

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