secwatch.observer — SEC 8-K summary
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Issuer:     TerrAscend Corp. (TSNDF)
CIK:        0001778129
Form:       8-K
Filed at:   2022-03-16T23:59:59+00:00
Accession:  0001104659-22-034533
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1778129/000110465922034533/0001104659-22-034533-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1778129/000110465922034533/tm228288d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-034533

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