TerrAscend Q3 revenue $74.2M, net loss widens to $21.4M; announces Ohio dispensary acquisition

TerrAscend Corp.

2024-Q3 EPS reported -$0.17 revenue$232,324,000

Net revenue $74.2M (-4.3% QoQ); gross margin 48.8% vs 48.6% in Q2.
GAAP net loss from continuing ops $21.4M versus $6.2M in Q2, driven by $13M in one-time non-cash items.
Adjusted EBITDA from continuing ops $13.7M (18.5% margin) vs $15.6M (20.2%) in Q2.
Closed $140M senior secured term loan at 12.75% to refinance PA and MI debt; no warrants or prepayment penalties.
Signed definitive agreement to enter Ohio through acquisition of a profitable dispensary; $10M share repurchase authorized.

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