TerrAscend reports FY 2021 net sales up 42% to $210.4M; Q4 flat; Gage acquisition closed

TerrAscend Corp.

Full year 2021 net sales $210.4M, up 42% YoY; adjusted EBITDA $65.6M, up 57% YoY.
Q4 net sales $49.2M (flat QoQ); net loss $5.9M, impacted by lease termination and transaction costs.
Closed acquisition of Gage Growth Corp, gaining top Michigan cannabis operator and brand.
NJ retail/wholesale ready for adult-use pending approval; PA facility recaptured top-3 market share.
Appointed Ziad Ghanem as President & COO; other senior management and board appointments.

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