TerrAscend Corp. shareholders approved Approval of all unallocated share units issuable under the Company's share unit plan. at the 2026-06-09 meeting.
“Proposal 4: Approval of Share Unit Plan Resolution The Company’s shareholders approved a resolution to approve all unallocated share units issuable under the Company's share unit plan, as described in more detail in the Circular. The final voting results are as follows: Votes For Votes Against Broker Non-Votes 145,756,998 1,435,234 48,597,797”
Shareholder Votes
TerrAscend Corp. shareholders approved Approval of all unallocated stock options issuable under the Company's stock option plan. at the 2026-06-09 meeting.
“Proposal 3: Approval of Stock Option Plan Resolution The Company’s shareholders approved a resolution to approve all unallocated stock options issuable under the Company's stock option plan, as described in more detail in the Circular. The final voting results are as follows: Votes For Votes Against Broker Non-Votes 145,741,365 1,450,867 48,597,797”
Shareholder Votes
TerrAscend Corp. shareholders approved Ratification of the re-appointment of MNP LLP as auditor. at the 2026-06-09 meeting.
“Proposal 2: Ratification of the Re-Appointment of Auditor The Company’s shareholders ratified the re-appointment of MNP LLP, Chartered Professional Accountants, of Toronto, Ontario, as the Company’s auditor and independent registered public accounting firm for the fiscal year ending December 31, 2026 and authorized the Board to fix their remuneration. The final voting results are as follows: Votes For Votes Withheld Broker Non-Votes 195,355,441 434,588 0”
Shareholder Votes
TerrAscend Corp. shareholders approved Election of five directors: Craig Collard, Kara DioGuardi, Ira Duarte, Ed Schutter, and Jason Wild. at the 2026-06-09 meeting.
“Proposal 1: Election of Directors Each of the five individuals listed below was elected at the Annual Meeting to serve on the Company’s Board of Directors (the “Board”) until the close of the next annual meeting of shareholders of the Company following his or her election, or any postponement(s) or adjournment(s) thereof, unless his or her office is vacated earlier or until his or her successor is elected or appointed. The final voting results are as follows: Director Nominee Votes For Votes Withheld Broker Non-Votes Craig Collard 146,813,537 378,695 48,597,797 Kara DioGuardi 142,410,423 4,781,809 48,597,797 Ira Duarte 146,740,278 451,954 48,597,797 Ed Schutter 146,789,873 402,359 48,597,797 Jason Wild 146,763,699 428,533 48,597,797”
Earnings Releases
TerrAscend Corp. reported first quarter ended March 31, 2026 results: revenue $65.5 million, net income ($6.8 million).
“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”
Earnings Releases
TerrAscend Corp. reported the first quarter ended March 31, 2026 results: revenue $65.5 million.
“TerrAscend Announces Preliminary First Quarter 2026 Financial Results and Schedules Earnings Conference Call First Quarter 2026 Net Revenue Totaled $65.5 million with Gross Profit Margin of 52.8%”
Earnings Releases
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.
“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.”
Earnings Releases
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.
“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.”
Equity Issuances
TerrAscend Corp. issued convertible note to various sellers of Union Chill for aggregate principal amount of $9,000,000.
“On December 26, 2025, in connection with the closing of the Union Chill Transaction, the Company issued convertible promissory notes (the “Notes”) to the various sellers of Union Chill in the aggregate principal amount of $9,000,000 (the “Principal Amount”)”
Debt Financings
TerrAscend Corp. incurred term loan of $79 million with FG Agency Lending LLC.
“, and each of WDB Holding CA, Inc., WDB Holding PA, Inc., Moose Curve Holdings, LLC, Hempaid, LLC and pursuant to a joinder agreement dated September 30, 2024, WDB Holding MI, Inc., including certain of each of their respective subsidiaries, as borrowers, and FG Agency Lending LLC, as the Administrative Agent (the “Agent”), entered into a Loan Agreement (the “FG Loan”) for a four-year, $140 million senior-secured term loan.”
Restructurings & Charges
TerrAscend Corp. announced a restructuring affecting Michigan market (approximately 21% of the Company’s workforce of approximately 1,200).
“On June 27, 2025, the board of directors of TerrAscend Corp. (together with TerrAscend Corp.’s consolidated entities, the “Company”) approved certain restructuring actions related to the Company’s exit from the Michigan market, aimed at enabling the Company to focus on its operations in its more profitable markets.”
Keith Stauffer resigned as Chief Financial Officer at TerrAscend Corp..
“As previously disclosed, on May 28, 2025, Mr. Stauffer notified the Company of his decision to resign as the Company’s Chief Financial Officer, effective July 18, 2025.”
Alisa Campbell was appointed as Senior Vice President, Corporate Finance & Accounting (interim leader of accounting and finance function) at TerrAscend Corp..
“Effective upon his departure, Alisa Campbell, currently Senior Vice President, Corporate Finance & Accounting, will assume leadership of the Company’s accounting and finance function on an interim basis reporting to Ziad Ghanem, President and Chief Executive Officer.”
Keith Stauffer resigned as Chief Financial Officer at TerrAscend Corp..
“On May 28, 2025, Keith Stauffer notified the Company of his decision to resign as the Company’s Chief Financial Officer (“CFO”), effective July 18, 2025”
Lynn Gefen changed role as Chief People and Legal Officer and Corporate Secretary at TerrAscend Corp..
“On November 20, 2024, the Board of Directors (the “Board”) of TerrAscend Corp. (the “Company”) approved the promotion of Lynn Gefen, the Company’s current Chief Legal Officer and Corporate Secretary, to the role of Chief People and Legal Officer and Corporate Secretary, effective as of November 12, 2024”
Earnings Releases
TerrAscend Corp. reported first quarter ended March 31, 2024 results: revenue Net Revenue was $80.6 million.
“except as expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- EX-99.1 TerrAscend Reports First Quarter 2024 Financial Results Net Revenue of $80.6 million, an increase of 16.1% year-over-year Cash Flow from operations of $13.3 million and Free Cash Flow 1 of $10.5 million in the quarter TORONTO, May 9, 2024 - TerrAscend Corp.”
Earnings Releases
TerrAscend Corp. reported financial results for the fourth quarter and fiscal year ended December 31, 2023.
“On March 14, 2024, TerrAscend Corp. (the "Company") issued a press release announcing its financial results and business highlights for the fourth quarter and fiscal year ended December 31, 2023.”
Earnings Releases
TerrAscend Corp. updated its the third quarter ended September 30, 2023 guidance (raised).
“On November 9, 2023, TerrAscend Corp. (the “Company”) issued a press release announcing its financial results and business highlights for the quarter ended September 30, 2023.”
Earnings Releases
TerrAscend Corp. reported full year 2023 results: revenue at least $317 million. Guidance raised.
“TerrAscend Raises Full Year 2023 Guidance Company expects full year 2023 Net Revenue and Adjusted EBITDA from continuing operations 1 of at least $317 million and $63 million, respectively, versus previous guidance of at least $305 million and $58 million, respectively”
Earnings Releases
TerrAscend Corp. reported the second quarter ended June 30, 2023 results: revenue $72.1 million, net income $12.9 million. Guidance reaffirmed.
“Act, except as expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- EX-99.1 TerrAscend Reports Second Quarter 2023 Record Net Revenue of $72.1 Million, an Increase of 12.7% Year-Over-Year and 3.9% Sequentially, Representing its 7 th Consecutive Quarter of Sequential Revenue Growth Gross profit margin increased to 50.2%, an”
Earnings Releases
TerrAscend Corp. reported second quarter ended June 30, 2023 results: revenue $72.1 million. Guidance initiated.
“(EX-99.1) --- EX-99.1 TerrAscend Preannounces Strong Second Quarter 2023 Revenue and Gross Margins and Provides Full Year Guidance Record second quarter 2023 Net Revenue of $72.1 million, up 12.7% year-over-year and 3.9% sequentially, representing the 7 th consecutive quarter of sequential growth Gross Profit Margin increased to 50.2% compared to 48.8% in Q1 2023”
Material Agreements
TerrAscend Corp. entered into Warrant Indenture dated June 30, 2023 with Odyssey Trust Company valued at Warrant indenture governing warrants issued as part of units; each warrant exercisable for one commo (effective 2023-06-30).
“The Warrants are governed by the terms of a warrant indenture dated June 30, 2023 between Odyssey Trust Company, acting as warrant agent, and the Company (the "Warrant Indenture").”
Material Agreements
TerrAscend Corp. entered into Subscription Agreement for Convertible Debentures with certain accredited investors valued at 100 senior unsecured convertible debentures at US$1,000 per debenture for aggregate gross proceeds o (effective 2023-06-30).
“(the “Company”) closed a third tranche of concurrent private placement offerings (the “Third Private Placements”) pursuant to the terms and conditions of those certain Subscription Agreements for Units (the “Equity Subscription Agreements”) and that certain Subscription Agreement for Convertible Debentures (the “Debenture Subscription Agreement”), each dated as of June 30, 2023, by and between the Company and certain accredited investors (the “Investors”) for total gross proceeds of approximately US$425,000 (CAD $562,700).”
Material Agreements
TerrAscend Corp. entered into Subscription Agreements for Units with certain accredited investors valued at 216,666 units at US$1.50 per unit for aggregate gross proceeds of approximately US$325,000; each uni (effective 2023-06-30).
“(the “Company”) closed a third tranche of concurrent private placement offerings (the “Third Private Placements”) pursuant to the terms and conditions of those certain Subscription Agreements for Units (the “Equity Subscription Agreements”) and that certain Subscription Agreement for Convertible Debentures (the “Debenture Subscription Agreement”), each dated as of June 30, 2023, by and between the Company and certain accredited investors (the “Investors”) for total gross proceeds of approximately US$425,000 (CAD $562,700).”
Debt Financings
TerrAscend Corp. incurred convertible notes of US$100,000 aggregate gross proceeds from 100 senior unsecured convertible debentures at US$1,000 each with accredited investors at 9.9% per annum, payable upon conversion and at maturity; holders may elect up to maturing 36 months from date of issuance (June 28, 2023).
“The Company sold to the Investors (i) an aggregate of 2,292,434 units (the “Units”) of the Company (the “Equity Offering”) at a price of US$1.50 (CAD $2.00) per Unit (the “Issue Price”), for aggregate gross proceeds of approximately US$3.4million (CAD $4.5 million), and (ii) 100 senior unsecured convertible debentures (the “Debentures”) of the Company (the “Debenture Offering”) at a price of US$1,000 per Debenture, for aggregate gross proceeds of approximately US$100,000. The Second Private Placements and the previously announced concurrent private placements totaled aggregate proceeds of US$20.5 million. Each Unit sold pursuant to the Equity Offering is comprised of one common share of the Company (a “Common Share”) and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a “Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share of the Company, at an exercise price of US$1.95 per Common Share (subject to customary adjustmen”
Material Agreements
TerrAscend Corp. entered into Warrant Indenture with Odyssey Trust Company (effective 2023-06-28).
“The Warrants are governed by the terms of a warrant indenture dated June 28, 2023 between Odyssey Trust Company, acting as warrant agent, and the Company (the “Warrant Indenture”).”
Material Agreements
TerrAscend Corp. entered into Debenture Subscription Agreement with certain accredited investors (the "Investors") valued at approximately US$100,000 (effective 2023-06-28).
“On June 28, 2023, TerrAscend Corp. (the “Company”) closed a second tranche of concurrent private placement offerings (the “Second Private Placements”) pursuant to the terms and conditions of those certain Subscription Agreements for Units (the “Equity Subscription Agreements”) and that certain Subscription Agreement for Convertible Debentures (the “Debenture Subscription Agreement”), each dated as of June 28, 2023, by and between the Company and certain accredited investors (the “Investors”) for total gross proceeds of approximately US$3.4 million.”
Material Agreements
TerrAscend Corp. entered into Equity Subscription Agreements with certain accredited investors (the "Investors") valued at approximately US$3.4 million (effective 2023-06-28).
“On June 28, 2023, TerrAscend Corp. (the “Company”) closed a second tranche of concurrent private placement offerings (the “Second Private Placements”) pursuant to the terms and conditions of those certain Subscription Agreements for Units (the “Equity Subscription Agreements”) and that certain Subscription Agreement for Convertible Debentures (the “Debenture Subscription Agreement”), each dated as of June 28, 2023, by and between the Company and certain accredited investors (the “Investors”) for total gross proceeds of approximately US$3.4 million.”
Debt Financings
TerrAscend Corp. incurred convertible notes of aggregate gross proceeds of approximately US$9.9 million with certain accredited investors at 9.9% per annum maturing 36 months from date of issuance.
“(ii) 9,905 senior unsecured convertible debentures (the “Debentures”) of the Company (the “Debenture Offering”) at a price of US$1,000 per Debenture, for aggregate gross proceeds of approximately US$9.9 million.”
Material Agreements
TerrAscend Corp. entered into Subscription Agreements for Units and Subscription Agreement for Convertible Debentures with certain accredited investors valued at US$16,000,000 (effective 2023-06-23).
“On June 23, 2023, TerrAscend Corp. (the “Company”) closed concurrent private placement offerings (the “Private Placements”) pursuant to the terms and conditions of those certain Subscription Agreements for Units (the “Equity Subscription Agreements”) and that certain Subscription Agreement for Convertible Debentures (the “Debenture Subscription Agreement”), each dated as of June 23, 2023, by and between the Company and certain accredited investors (the “Investors”) for total gross proceeds of approximately US$16 million.”
Shareholder Votes
TerrAscend Corp. shareholders approved Approval of Private Placement for Terrascend Growth Corp. at the 2023-06-22 meeting.
“Proposal 5: Approval of Private Placement for Terrascend Growth Corp. The Company’s shareholders approved the issuance and sale on a private placement basis of common shares of TerrAscend Growth Corp., a wholly-owned subsidiary of the Company, for aggregate gross proceeds of US$1,000,000, which shall be deemed, for the purposes of section 184(3) of the Business Corporations Act (Ontario), to be a sale of all or substantially all of the assets of the Company, in connection with the Company’s intent to list its common shares on the Toronto Stock Exchange. The final voting results are as follows: Votes For Against Broker Non-Votes 122,812,459 584,079 N/A”
Shareholder Votes
TerrAscend Corp. shareholders approved Amendments to Restricted Share Unit Plan and Approval of Unallocated Awards Under the Restricted Share Unit Plan at the 2023-06-22 meeting.
“Proposal 4: Amendments to Restricted Share Unit Plan and Approval of Unallocated Awards Under the Restricted Share Unit Plan The Company’s shareholders approved certain amendments to the Company’s restricted share unit plan (including all unallocated awards issuable thereunder). The final voting results are as follows: Votes For Against Broker Non-Votes 121,206,866 2,189,672 N/A”
Shareholder Votes
TerrAscend Corp. shareholders approved Amendments to Stock Option Plan and Approval of Unallocated Options Under the Stock Option Plan at the 2023-06-22 meeting.
“Proposal 3: Amendments to Stock Option Plan and Approval of Unallocated Options Under the Stock Option Plan The Company’s shareholders approved certain amendments to the Company’s stock option plan (including all unallocated stock options issuable thereunder). The final voting results are as follows: Votes For Against Broker Non-Votes 122,420,996 975,542 N/A”
Shareholder Votes
TerrAscend Corp. shareholders approved Ratification of the Appointment of Auditor at the 2023-06-22 meeting.
“Proposal 2: Ratification of the Appointment of Auditor The Company’s shareholders ratified the appointment of MNP LLP, Chartered Professional Accountants, of Toronto, Ontario as the Company’s auditor for the ensuing year at a remuneration to be fixed by the Company’s Board. The final voting results are as follows: Votes For Withheld Broker Non-Votes 123,320,264 76,274 N/A”
Shareholder Votes
TerrAscend Corp. shareholders approved Election of Directors at the 2023-06-22 meeting.
“Proposal 1: Election of Directors Each of the five individuals listed below was elected at the Annual Meeting to serve on the Company’s Board of Directors (the “Board”) until the close of the next annual meeting of shareholders of the Company following his or her election, or any postponement(s) or adjournment(s) thereof, unless his or her office is vacated earlier or until his or her successor is elected or appointed. The final voting results are as follows: Director Nominee Votes For Abstain Broker Non-Votes Craig Collard 117,809,354 5,587,184 N/A Kara DioGuardi 117,626,020 5,770,518 N/A Ira Duarte 117,683,560 5,712,978 N/A Ed Schutter 113,078,295 10,318,243 N/A Jason Wild 117,712,546 5,683,992 N/A”
Earnings Releases
TerrAscend Corp. reported the first quarter ended March 31, 2023 results: revenue $69.4 million, net income $19.2 million.
“First Quarter 2023 Financial Highlights ● Net Revenue was $69.4 million, an increase of 0.6% sequentially and 42.8% year-over-year. ● Gross Profit Margin was 48.8%, compared to 44.6% in Q4 2022 and 32.1% in Q1 2022. ● Adjusted Gross Profit Margin 1 was 49.0%, compared to 45.3% in Q4 2022 and 40.3% in Q1 2022. ● GAAP Net loss from continuing operations was $19.2 million, compared to $2.0 million in Q4 2022 and $13.8 million in Q1 2022. ● EBITDA from continuing operations 1 was $6.1 million, compared to $30.0 million in Q4 2022 and $1.1 million in Q1 2022. ● Adjusted EBITDA from continuing operations 1 was $12.2 million, compared to $12.2 million in Q4 2022 and $4.9 million in Q1 2022. ● Adjusted EBITDA Margin from continuing operations 1 was 17.6%, compared to 17.7% in Q4 2022 and 10.1% in Q1 2022. ● Cashflow provided by (used in) continuing operations was $8.4 million compared to $7.3 million in Q4 2022 and ($18.8) million in Q1 2022. ● Free cash flow was a positive $5.9 million compar”
Material Agreements
TerrAscend Corp. entered into Protection Agreement with TerrAscend Growth Corp..
“As a result of the limited rights associated with the Non-Voting Shares that the Corporation will hold following the closing of the Investment, the Corporation and TerrAscend Growth have entered into a protection agreement (the “ Protection Agreement ”) that contains certain negative covenants designed to preserve the value of the Non-Voting Shares until such time as the Non-Voting Shares are converted into TerrAscend Growth Common Shares but does not provide the Corporation with the ability to direct the business, operations or activities of TerrAscend Growth.”
Material Agreements
TerrAscend Corp. entered into Subscription Agreement with TerInvest LLC valued at US$1,000,000 (effective 2023-04-20).
“On April 20, 2023, TerrAscend Growth Corp., formerly Gage Growth Corp. (“ TerrAscend Growth ”), a wholly owned subsidiary of TerrAscend Corp. (the “ Corporation ”), entered into a subscription agreement (the “ Subscription Agreement ”) with TerInvest LLC (the “ Investor ”) pursuant to which TerrAscend Growth has agreed, subject to the terms and conditions contained therein, to issue TerrAscend Growth class A shares (the “ TerrAscend Growth Common Shares ”) to the Investor in exchange for US$1,000,000 (the “ Investment ”).”
Material Agreements
TerrAscend Corp. entered into Subscription Agreement with TerInvest LLC valued at US$1,000,000 (effective 2023-04-20).
“On April 20, 2023, TerrAscend Growth Corp., formerly Gage Growth Corp. (“ TerrAscend Growth ”), a wholly owned subsidiary of TerrAscend Corp. (the “ Corporation ”), entered into a subscription agreement (the “ Subscription Agreement ”) with TerInvest LLC (the “ Investor ”) pursuant to which TerrAscend Growth has agreed, subject to the terms and conditions contained therein, to issue TerrAscend Growth class A shares (the “ TerrAscend Growth Common Shares ”) to the Investor in exchange for US$1,000,000 (the “ Investment ”).”
Ziad Ghanem was appointed as Chief Executive Officer at TerrAscend Corp..
“On March 29, 2023, the board of directors (the “Board”) of TerrAscend Corp. (the “Company”) appointed Ziad Ghanem as Chief Executive Officer of the Company effective immediately, in addition to continuing in his role as President of the Company.”
Material Agreements
TerrAscend Corp. amended Amendment No.3 to the Credit Agreement with the lenders party thereto, and Acquiom Agency Services LLC (effective 2022-12-15).
“On December 15, 2022, WDB Holding PA, Inc. (“WDB Holding PA”), a wholly-owned subsidiary of TerrAscend Corp., an Ontario corporation (the “Company”), the Company, TerrAscend USA Inc. and certain subsidiaries of WDB Holding PA entered into an Amendment No.3 to the Credit Agreement (the “Amendment”) with the lenders party thereto, and Acquiom Agency Services LLC (the “PA Agent”), as administrative agent for the lenders and as collateral agent for the secured parties thereto.”
Material Agreements
TerrAscend Corp. entered into Debt Settlement Agreement with Canopy USA, LLC, Canopy USA I Limited Partnership and Canopy USA III Limited Partnership (effective 2022-12-09).
“On December 9, 2022, TerrAscend Corp., an Ontario corporation (“TerrAscend”), Arise Bioscience, Inc. (“Arise”), a Delaware corporation and a wholly-owned subsidiary of TerrAscend and TerrAscend Canada Inc. (“TerrAscend Canada”), an Ontario corporation and wholly-owned subsidiary of TerrAscend (collectively, the “Debt Issuers”), entered into a Debt Settlement Agreement (the “Debt Settlement Agreement”) with Canopy USA, LLC (“Canopy USA”), Canopy USA I Limited Partnership and Canopy USA III Limited Partnership (collectively, the “Canopy USA Entities”)”
Ira Duarte was appointed as Director at TerrAscend Corp..
“On December 1, 2022, the board of directors (the “Board”) of TerrAscend Corp., an Ontario Corporation (the “Company”), appointed Ira Duarte as a member of the Company’s Board, effective immediately.”
Material Agreements
TerrAscend Corp. amended Joinder and Second Amendment to Credit Agreement and Security Agreements with Chicago Atlantic Admin, LLC and the lenders party thereto valued at $25.0 million (effective 2022-11-29).
“On November 29, 2022, WDB Holding MI, Inc. (“WDB Holding”), a Delaware corporation and wholly-owned subsidiary of TerrAscend Corp., an Ontario Corporation (“TerrAscend”), along with Gage Growth Corp., a Canadian federal corporation and wholly-owned subsidiary of TerrAscend, and certain other subsidiaries of TerrAscend (collectively, the “Borrowers”), entered into a Joinder and Second Amendment to Credit Agreement and Security Agreements (the “Amendment”) with the lenders party thereto, Chicago Atlantic Admin, LLC (“Chicago Atlantic”), as administrative agent for the lenders and as collateral agent for the secured parties thereto.”
Earnings Releases
TerrAscend Corp. reported the second quarter ending June 30, 2022 results: revenue $65 million, net income $14.2 million.
“• Net Sales increased 31% sequentially to $65 million as compared to $50 million in Q1 2022. • Gross Profit Margin was 35.5% as compared to 30.4% in Q1 2022. • Adjusted Gross Profit Margin 1 was 47.1% as compared to 38.4% in Q1 2022. • Adjusted EBITDA 1 was $5.8 million as compared to $3.3 million in Q1 2022. • Adjusted EBITDA Margin 1 was 8.9% as compared to 6.6% in Q1 2022. • GAAP Net Income was $14.2 million as compared to net loss of $16 million in Q1 2022.”
Earnings Releases
TerrAscend Corp. reported first quarter ending March 31, 2022 results: revenue 49.7, net income (16.0).
“Revenue, net 53.4 49.2 49.7 QoQ increase 7.5% 0.1% 0.9% YoY increase 106.2% -0.8% -6.9% Gross profit 34.9 20.8 15.1 Adjusted Gross profit 1 34.9 24.5 19.1 Adjusted gross margin % 65.5% 49.8% 38.4% Share-based compensation expense 3.6 1.5 3.4 General & Administrative expense (excl share based comp) 16.8 17.0 19.2 % of revenue, net 31.5% 34.5% 38.7% Adjusted EBITDA 1 21.6 11.9 3.3 Adjusted EBITDA % of revenue, net 40.4% 24.2% 6.6% Net loss (14.1) (5.9) (16.0)”
Ryan McWilliams was terminated as Executive Vice President of the Northeast Region at TerrAscend Corp..
“On September 16, 2022, the employment of Ryan McWilliams, Executive Vice President of the Northeast Region, was terminated effective October 16, 2022.”
Kara DioGuardi was appointed as Director at TerrAscend Corp..
“On March 2, 2022, TerrAscend Corp. (the “Company”) appointed Kara DioGuardi to the Company’s board of directors (the “Board”), effective immediately (the “Effective Date”).”
Ziad Ghanem was appointed as President and Chief Operating Officer at TerrAscend Corp..
“On January 5, 2022, TerrAscend Corp. (the “Company”) appointed Ziad Ghanem as the Company’s President and Chief Operating Officer, effective immediately (the “Effective Date”).”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.