---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-210379"
form_type: "8-K"
ticker: "TSNDF"
cik: "0001778129"
company_name: "TerrAscend Corp."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:56:51.030807+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# TerrAscend Q1 2026: revenue $65.5M, adj EBITDA $17.4M, 15th consecutive positive cash flow

## Summary
- Net revenue $65.5M, +1.9% YoY; gross margin 52.8% vs 53.9% a year ago.
- GAAP net loss from cont ops $6.8M vs $7.7M YoY; Adj EBITDA $17.4M (26.5% margin).
- Net cash from cont ops $8.7M; free cash flow $7.8M; 15th straight quarter positive ops cash flow.
- U.S. medical cannabis rescheduled to Schedule III post-quarter, eliminating 280E tax on medical cannabis.
- Appointed Eric Jackson as CFO effective April 2026; executed NCIB repurchases of 115k shares at ~$0.66.

## SEC filing metadata
- accession: 0001193125-26-210379
- form_type: 8-K
- ticker: TSNDF
- cik: 0001778129
- company_name: TerrAscend Corp.
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1778129/000119312526210379/0001193125-26-210379-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1778129/000119312526210379/tsndf-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-210379
- JSON: https://secwatch.observer/filing/0001193125-26-210379.json
- Plain text: https://secwatch.observer/filing/0001193125-26-210379.txt

## Key facts
- Earnings Releases
  TerrAscend Corp. reported first quarter ended March 31, 2026 results: revenue $65.5 million, net income ($6.8 million).
  - Period: first quarter ended March 31, 2026
  - Revenue: $65.5 million
  - Net income: ($6.8 million)
  - Result: reported results
  source text: Net Revenue of $65.5 million, compared to $64.3 million in the first quarter of 2025 • Gross Profit Margin of 52.8% • GAAP Net Loss from continuing operations was $6.8 million • EBITDA from continuing operations1 was $17.3 million • Adjusted EBITDA from continuing operations1 was $17.4 million or 26.5% of net revenue • Net Cash provided from continuing operations was $8.7 million • Free Cash Flow1 was $7.8 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1778129/000119312526210379/0001193125-26-210379-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.