---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-034652"
form_type: "8-K"
ticker: "TSNDF"
cik: "0001778129"
company_name: "TerrAscend Corp."
filed_at: "2025-03-06T23:59:59+00:00"
generated_at: "2026-05-25T06:58:20.392719+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-25-034652
- form_type: 8-K
- ticker: TSNDF
- cik: 0001778129
- company_name: TerrAscend Corp.
- filed_at: 2025-03-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1778129/000095017025034652/0000950170-25-034652-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1778129/000095017025034652/tsndf-20250306.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-034652
- JSON: https://secwatch.observer/filing/0000950170-25-034652.json
- Plain text: https://secwatch.observer/filing/0000950170-25-034652.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.