secwatch.observer — SEC 8-K summary
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Issuer:     TerrAscend Corp. (TSNDF)
CIK:        0001778129
Form:       8-K
Filed at:   2026-03-12T23:59:59+00:00
Accession:  0001193125-26-104330
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TerrAscend Q4 revenue $66.1M, net loss narrows to $0.5M; FY2025 revenue $260.6M down 2.8% YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1778129/000119312526104330/0001193125-26-104330-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1778129/000119312526104330/tsndf-20260312.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-104330

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