secwatch.observer — SEC 8-K summary
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Issuer:     TerrAscend Corp. (TSNDF)
CIK:        0001778129
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0000950170-24-122339
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1778129/000095017024122339/0000950170-24-122339-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1778129/000095017024122339/tsndf-20241107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-122339

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