TerrAscend Q2 revenue $67.1M, adj. EBITDA $17.7M; appoints CEO Ziad Ghanem to board

TerrAscend Corp.

2026-Q2 EPS reported -$0.06 revenue$132,658,000

Net revenue $67.1M, up 2.4% QoQ and 3.3% YoY; gross margin 54.0% (up 120bps QoQ, 290bps YoY).
GAAP net loss from continuing ops $10.1M; Adjusted EBITDA $17.7M (26.3% of revenue), up 11% YoY.
Generated $7.4M operating cash flow and $5.7M free cash flow; 16th consecutive quarter positive operating cash flow.
Completed oversubscribed $21.8M convertible debt financing, extended maturity to 2031, lower rate; paid down $10M term loan.
Appointed CEO Ziad Ghanem to Board of Directors; also appointed Eric Jackson as CFO during Q2.

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