TerrAscend Q2 revenue $77.5M (+7.5% YoY), Adj. EBITDA up 22%, $140M term loan secured

TerrAscend Corp.

2024-Q2 EPS reported -$0.09 revenue$158,156,000

Net revenue $77.5M, +7.5% YoY; gross margin 48.6% vs 50.2%.
Adjusted EBITDA $15.6M (+21.9% YoY); margin 20.2% vs 17.8%.
Net loss from continuing ops improved to $6.2M from $12.9M YoY.
Free cash flow $11.7M (vs -$0.2M); 8th consecutive quarter positive ops cash flow.
Closed $140M term loan at 12.75%, maturing 2028, for M&A and debt refinancing.

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