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TerrAscend Expands Footprint Despite Q3 Losses, Can A Move To Ohio Turn The Tide?
Wednesday, November 6, 2024 - 6:24pm | 408The company recently secured a $140 million senior loan maturing in 2028, carrying a 12.75% interest rate, with no prepayment penalties. Positive Cash Flow Amid Market Challenges TerrAscend Corp. (OTC:TSNDF) reported its third-quarter revenue of $74.2 million Wednesday afternoon marking a 4.3%...
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Cannabis Debt Looms For These Weed Giants: Here's How Some Tackled Their Financial Challenges
Wednesday, October 16, 2024 - 2:46pm | 987It's no secret that cannabis companies are facing some formidable challenges when it comes to raising capital, thanks to marijuana’s onerous classification as a Schedule I controlled substance under federal law. But now with potential changes on the horizon, such as cannabis rescheduling and...
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Victory In Commerce Clause Case Could Be The Silver Bullet For Cannabis Industry, Experts Say
Tuesday, October 8, 2024 - 1:06pm | 620Cannabis CEO discusses the commerce clause and potential changes in federal legalization. "We want to be treated like any other industry," Jason Wild, CEO of a leading cannabis operator TerrAscend Corp (OTCQX:TSNDF) said Tuesday at Benzinga Cannabis Capital Conference in Chicago, Illinois. "That...
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Marijuana Operator TerrAscend To Report Quarterly Earnings Soon, Hear From Its Top Exec At Benzinga Cannabis Conference
Tuesday, October 8, 2024 - 10:23am | 561North American cannabis company TerrAscend Corp. (TSX:TSND) (OTCQX:TSNDF) will host a scheduled conference call to discuss the results for its third quarter ended Sept. 30, 2024 on Wednesday, Nov. 6, 2024, at 5:00 pm Eastern Time. The company will report its financial results for the third quarter...
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TerrAscend Launches $10M Share Repurchase Program Amid Strong Q2 Results
Tuesday, August 20, 2024 - 3:42pm | 510TerrAscend Corp. (TSX:TSND) (OTC:TSNDF), a leading cannabis operator with headquarters in Canada, announced Tuesday the authorization of a $10 million share repurchase program. This marks the first stock buyback initiative by TerrAscend, authorized by its Board of Directors under a normal course...
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TerrAscend's Q2 2024 Results: Keeps 48.6% Of Revenue As Profit, EBITDA Margin Increases
Thursday, August 8, 2024 - 7:12pm | 416TerrAscend Corp. (OTC: TSNDF) reported net revenue of $77.5 million for the second quarter of 2024, reflecting a 7.5% increase compared to $72.1 million in the same period in 2023. Executive chairman Jason Wild highlighted the company's material revenue and EBITDA growth, positive free cash...
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TerrAscend Cannabis Wraps Up $140M Debt Financing, 'No Other Material Debt Maturing' Until 2027, Says Exec Chairman
Friday, August 2, 2024 - 10:44am | 414TerrAscend Corp. (TSX:TSND) (OTCQX:TSNDF) announced on Friday that together with certain entities that are consolidated by the company, it has closed on a senior secured term loan for gross proceeds of $140 million from funds managed by FocusGrowth Asset Management, LP. Read Also: Cannabis Company...
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Cannabis Company TerrAscend Posts Q1 2024 Gains In Revenue And Operational Efficiency
Thursday, May 9, 2024 - 8:31pm | 400TerrAscend Corp. (OTC: TSNDF), a cannabis company with a presence in several states, reported its financial performance for the first quarter that ended March 31, 2024 with gains in revenue and operational efficiency. TerrAscend announced an increase in net revenue to $80.6 million, marking a...
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The Court Case That Could Change The Cannabis Industry Forever And How It Affects Rescheduling
Tuesday, April 16, 2024 - 5:12pm | 787A groundbreaking court case filed in Massachusetts against U.S. Attorney General Merrick Garland has captured the attention of the cannabis industry, promising to potentially reshape its future. The lawsuit challenges the federal government's classification of state-legal cannabis operations as...
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TerrAscend Cannabis Co Shares Expansion Plans On Water Tower Research Podcast
Monday, March 25, 2024 - 7:50pm | 671In a recent episode of a podcast hosted by Jesse Redmond, managing director at Water Tower Research, TerrAscend Corp (OTCQX:TSNDF) executives, Jason Wild and Ziad Ghanem delved into the company’s fourth-quarter and full-year financial achievements for 2023. The conversation provided a glimpse...
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TerrAscend Rides Legal Weed Wave Despite Q4 Dip As New Markets Offset Revenue Slide
Thursday, March 14, 2024 - 10:13pm | 668TerrAscend Corp. (OTCQX:TSNDF) reported fourth-quarter and full-year financials ended Dec. 31, 2023. The multi-state operator (MSO) reported $317.3 million in revenue for 2023, a year-over-year sales increase of 28% in 2023, driven in large part by sales in Maryland and New Jersey. For the fourth...
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Curaleaf Will Ring Opening Bell At Toronto Stock Exchange To Celebrate Landmark Listing
Wednesday, December 13, 2023 - 11:41am | 676Curaleaf Holdings, Inc. (CSE:CURA) (OTCQX:CURLF) announced on Tuesday that it has complied with all the conditions listed in the conditional listing approval delivered by the Toronto Stock Exchange in connection with the listing of its subordinate voting shares on the TSX. The cannabis giant...
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Curaleaf Is One Step Closer To Trading On Toronto Stock Exchange
Friday, December 8, 2023 - 9:29am | 418Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) has received conditional approval from the Toronto Stock Exchange to list its subordinate voting shares on the TSX. The company said the final approval of the TSX listing is subject to meeting certain customary conditions required by the TSX. In...
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TerrAscend Corp. Q3 2023 Financial Results, Net Revenue $89.2M, Adjusted EBITDA $24.2M
Thursday, November 9, 2023 - 7:27pm | 474TerrAscend Corp. (TSX: TSND) (OTCQX: TSNDF), reported its financial results for the third quarter that ended September 30, 2023. Jason Wild, executive chairman of TerrAscend, stated: “We are pleased to deliver yet another record quarter, exceeding our internal forecasts across virtually all...
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TerrAscend's Full-Year 2023 Guidance: 'We Expect To Drive Industry Leading Revenue Growth' Says CEO
Friday, October 13, 2023 - 9:55am | 463Cannabis company TerrAscend Corp. (TSX: TSND) (OTCQX: TSNDF) raised its guidance for net revenue and adjusted EBITDA from continuing operations for the full year 2023 to at least $317 million and $63 million, respectively, representing 28% year-over-year growth in net revenue and 62% in...