secwatch.observer — SEC 8-K summary
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Issuer:     TerrAscend Corp. (TSNDF)
CIK:        0001778129
Form:       8-K
Filed at:   2025-03-06T23:59:59+00:00
Accession:  0000950170-25-034652
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1778129/000095017025034652/0000950170-25-034652-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1778129/000095017025034652/tsndf-20250306.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-034652

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