---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-062037"
form_type: "8-K"
ticker: "TSNDF"
cik: "0001778129"
company_name: "TerrAscend Corp."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T07:16:02.121865+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# TerrAscend Q3 revenue $89.2M (+34.7% YoY); raises FY2023 guidance to $320M revenue, $73M EBITDA

## Summary
- Net revenue $89.2M, up 23.7% sequentially and 34.7% YoY; gross margin 53.6% vs 50.2% in Q2 2023.
- Adjusted EBITDA from continuing operations $24.2M (27.1% margin), up 89% sequentially from $12.8M.
- GAAP net loss from continuing operations improved to $8.4M from $12.9M QoQ and $300.6M YoY (prior year included $331M impairment).
- Raised FY2023 guidance: net revenue to $320M (from at least $317M) and adjusted EBITDA to $73M (from $63M).
- Improved to #2 market share position in New Jersey at 18.6%; commenced adult-use sales in Maryland with four dispensaries.

## SEC filing metadata
- accession: 0000950170-23-062037
- form_type: 8-K
- ticker: TSNDF
- cik: 0001778129
- company_name: TerrAscend Corp.
- filed_at: 2023-11-09T23:59:59+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/1778129/000095017023062037/0000950170-23-062037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1778129/000095017023062037/tsndf-20231109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-062037
- JSON: https://secwatch.observer/filing/0000950170-23-062037.json
- Plain text: https://secwatch.observer/filing/0000950170-23-062037.txt

## Key facts
- Earnings Releases
  TerrAscend Corp. updated its the third quarter ended September 30, 2023 guidance (raised).
  - Period: the third quarter ended September 30, 2023
  - Guidance: raised
  - Result: reported results
  source text: On November 9, 2023, TerrAscend Corp. (the “Company”) issued a press release announcing its financial results and business highlights for the quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1778129/000095017023062037/0000950170-23-062037-index.htm

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