secwatch.observer — SEC 8-K summary
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Issuer:     TerrAscend Corp. (TSNDF)
CIK:        0001778129
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0000950170-23-062037
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1778129/000095017023062037/0000950170-23-062037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1778129/000095017023062037/tsndf-20231109.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-062037

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