secwatch.observer — SEC 8-K summary
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Issuer:     TerrAscend Corp. (TSNDF)
CIK:        0001778129
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0000950170-25-066973
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TerrAscend Q1 revenue down 4.5% QoQ to $71M; margin expands to 51.8%; closes Ohio dispensary deal
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- Q1 net revenue $71.0M (-4.5% vs Q4'24); gross margin 51.8% (+160bps QoQ).
- GAAP net loss narrowed to $12.3M from $30.2M QoQ; Adjusted EBITDA $15.3M (21.6% margin).
- Positive operating cash flow for 11th consecutive quarter; free cash flow $5.5M.
- Closed acquisition of Ratio Cannabis dispensary in Ohio; signed definitive agreement for 4th NJ dispensary.
- Issued ~4.57M common shares at $0.29/share as part of Ohio acquisition consideration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1778129/000095017025066973/0000950170-25-066973-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1778129/000095017025066973/tsndf-20250506.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-066973

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