secwatch.observer — SEC 8-K summary
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Issuer:     TerrAscend Corp. (TSNDF)
CIK:        0001778129
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0000950170-24-056990
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1778129/000095017024056990/0000950170-24-056990-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1778129/000095017024056990/tsndf-20240509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-056990

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