---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-056990"
form_type: "8-K"
ticker: "TSNDF"
cik: "0001778129"
company_name: "TerrAscend Corp."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T06:39:13.534668+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# TerrAscend Q1 net rev $80.6M (+16% YoY); adj EBITDA $16.2M (+33%); operating cash flow $13.3M

## Summary
- Net revenue $80.6M, +16.1% YoY; gross margin 48.0% vs 48.8% in Q1 2023.
- Net loss from continuing ops improved to $14.9M from $19.2M in Q1 2023.
- Adjusted EBITDA $16.2M, up 33% YoY; margin 20.1% vs 17.6%.
- Operating cash flow $13.3M; free cash flow $10.5M; debt paydown $9.8M.
- Seventh consecutive quarter of positive operating cash flow; Pennsylvania wholesale sales up 80% YoY.

## SEC filing metadata
- accession: 0000950170-24-056990
- form_type: 8-K
- ticker: TSNDF
- cik: 0001778129
- company_name: TerrAscend Corp.
- filed_at: 2024-05-09T23:59:59+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/1778129/000095017024056990/0000950170-24-056990-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1778129/000095017024056990/tsndf-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-056990
- JSON: https://secwatch.observer/filing/0000950170-24-056990.json
- Plain text: https://secwatch.observer/filing/0000950170-24-056990.txt

## Key facts
- Earnings Releases
  TerrAscend Corp. reported first quarter ended March 31, 2024 results: revenue Net Revenue was $80.6 million.
  - Period: first quarter ended March 31, 2024
  - Revenue: Net Revenue was $80.6 million
  - Result: reported results
  source text: except as expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- EX-99.1 TerrAscend Reports First Quarter 2024 Financial Results Net Revenue of $80.6 million, an increase of 16.1% year-over-year Cash Flow from operations of $13.3 million and Free Cash Flow 1 of $10.5 million in the quarter TORONTO, May 9, 2024 - TerrAscend Corp.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1778129/000095017024056990/0000950170-24-056990-index.htm

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