secwatch.observer — SEC 8-K summary
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Issuer:     TerrAscend Corp. (TSNDF)
CIK:        0001778129
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0000950170-24-094012
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1778129/000095017024094012/0000950170-24-094012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1778129/000095017024094012/tsndf-20240808.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-094012

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