TerrAscend Q4 revenue flat at $74.4M; net loss includes $45.4M Michigan impairment

TerrAscend Corp.

Q4 net revenue $74.4M (+0.3% QoQ); FY24 revenue $306.7M (-3.3% YoY).
Q4 GAAP net loss $30.2M including $45.4M non-cash impairment on Michigan business.
Q4 Adj EBITDA $15.1M (20.3% margin) vs $13.7M in Q3; FY24 Adj EBITDA $60.7M (19.8% margin).
FY24 operating cash flow $38.0M; free cash flow $28.6M; 10th consecutive quarter positive OCF.
Closed $140M senior secured term loan at 12.75% maturing Aug 2028; initiated share repurchase program.

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