Highest-materiality recent filing
TerrAscend Q1 2026: revenue $65.5M, adj EBITDA $17.4M, 15th consecutive positive cash flow
Net revenue $65.5M, +1.9% YoY; gross margin 52.8% vs 53.9% a year ago.
TerrAscend prelim Q1 net revenue $65.5M, gross margin 52.8%, cash flow positive
Net revenue of $65.5M from continuing operations, up from $64.3M in Q1 2025.
TerrAscend Q4 revenue $66.1M, net loss narrows to $0.5M; FY2025 revenue $260.6M down 2.8% YoY
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.
TerrAscend closes $13M option to buy 35% of Union Chill NJ dispensary; accretive to EBITDA
Total consideration $13M: $9M convertible notes (6.5%, due 2029) plus $4M cash on option exercise.
TerrAscend Q3 revenue flat at $65.1M; gross margin up to 52.1%, adjusted EBITDA $17M
Net revenue $65.1M (flat YoY); gross margin 52.1% (+110bps YoY). GAAP net loss $9.9M vs $15.8M a year ago.
TerrAscend Q2 net rev $65M, gross margin 51.1%; exits Michigan, completes $79M refinancing
Net revenue $65.0M (down 3.3% YoY); gross profit margin improved to 51.1% from 49.6%.
Closed $79M upsize to existing senior secured syndicated term loan; $68M used to retire Pelorus Term Loan and other debt.
TerrAscend exits Michigan market; will sell 4 cultivation facilities, 20 dispensaries
Net proceeds from asset sales to be used to pay down Company debt.
TerrAscend shareholders approve option repricing for CEO, CFO; CFO resignation confirmed
Shareholders approved amendment of 3,706,250 stock options held by CEO Ziad Ghanem, CFO Keith Stauffer, and CLO Lynn Gefen, reducing exercise price to 5-day VWAP on TSX before June 24, 2025.
CFO Keith Stauffer resigns effective July 18, 2025 to pursue opportunity outside cannabis industry.
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.
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.
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
Max materiality 0.85 · Median 0.70 · Most common event earnings