{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-104330","form_type":"8-K","ticker":"TSNDF","cik":"0001778129","company_name":"TerrAscend Corp.","filed_at":"2026-03-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.146237+00:00","generated_at":"2026-05-15T13:43:41.212271+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"TerrAscend Q4 revenue $66.1M, net loss narrows to $0.5M; FY2025 revenue $260.6M down 2.8% YoY","bullets":["GAAP net loss from continuing ops $0.5M in Q4 vs $9.9M in Q3; FY net loss $24.5M vs $20.9M in 2024.","Adjusted EBITDA from continuing ops $16.7M (25.2% margin) in Q4, $67.8M (26.0% margin) for FY.","Net cash from ops $8.3M in Q4, $33.9M for FY; free cash flow $6.6M Q4, $25.3M FY.","Completed $79M debt refinancing with $35M uncommitted facility for M&A; Michigan exit advanced.","Expanded retail in NJ via Union Chill; entered Ohio with Ratio Cannabis acquisition."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-104330","json":"https://secwatch.observer/filing/0001193125-26-104330.json","markdown":"https://secwatch.observer/filing/0001193125-26-104330.md","text":"https://secwatch.observer/filing/0001193125-26-104330.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1778129/000119312526104330/0001193125-26-104330-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1778129/000119312526104330/tsndf-20260312.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T13:43:41.212271+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"99cc767e2d9e85470f06c0bda3ad4e7406687754","claim":"TerrAscend Corp. reported Full Year 2025 results: revenue Net Revenue was $260.6 million, net income GAAP Net Loss from continuing operations was $24.5 million.","evidence_excerpt":"Full Year 2025 Financial Highlights • Net Revenue was $260.6 million, compared to $268.1 million in 2024. • Gross Profit Margin was 52.3%, compared to 50.7% in 2024. • GAAP Net Loss from continuing operations was $24.5 million, compared to $20.9 million in 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1778129/000119312526104330/0001193125-26-104330-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Full Year 2025"},{"label":"Revenue","value":"Net Revenue was $260.6 million"},{"label":"Net income","value":"GAAP Net Loss from continuing operations was $24.5 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"df9fec6da85451080d8f27754d68c31d7f92599b","claim":"TerrAscend Corp. reported Fourth Quarter 2025 results: revenue Net Revenue was $66.1 million, net income GAAP Net Loss from continuing operations was $0.5 million.","evidence_excerpt":"Fourth Quarter 2025 Financial Highlights • Net Revenue was $66.1 million, compared to $65.1 million in Q3 2025. • Gross Profit Margin was flat at 52.1%, compared to Q3 2025. • GAAP Net Loss from continuing operations was $0.5 million, compared to net loss of $9.9 million in Q3 2025.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1778129/000119312526104330/0001193125-26-104330-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Fourth Quarter 2025"},{"label":"Revenue","value":"Net Revenue was $66.1 million"},{"label":"Net income","value":"GAAP Net Loss from continuing operations was $0.5 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}