TerrAscend is a leading TSX-listed cannabis company with interests across the North American cannabis sector, including vertically integrated operations in Pennsylvania, New Jersey, Maryland, Michigan and California through TerrAscend Growth Corp. and retail operations in Canada through TerrAscend Canada Inc. (“TerrAscend”). TerrAscend operates The Apothecarium, Gage and other dispensary retail locations as well as scaled cultivation, processing, and manufacturing facilities in its core markets. TerrAscend’s cultivation and manufacturing practices yield consistent, high-quality cannabis, providing industry-leading product selection to both the medical and legal adult-use markets. The Company owns or licenses several synergistic businesses and brands including Gage Cannabis, The Apothecarium, Cookies, Lemonnade, Ilera Healthcare, Kind Tree, Legend, State Flower, Wana, and Valhalla Confections. For more information visit www.terrascend.com.
Company profile
Ticker
TSNDF, TRSSF
Exchange
Website
CEO
Jason Ackerman
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
TerrAscend Canada Inc. • Solace Health Network Inc. • TerrAscend Medical Holdings Inc. • 2627685 Ontario Inc. • 2671983 Ontario Inc. • Solace Rx Inc. • Ascendant Laboratories Inc. • 2765533 Ontario Inc. • 2668420 Ontario Inc. • 2151924 Alberta Ltd. ...
TSNDF stock data
Latest filings (excl ownership)
8-K
TerrAscend Reports First Quarter 2024 Financial Results
9 May 24
10-Q
2024 Q1
Quarterly report
9 May 24
ARS
2023 FY
Annual report to shareholders
26 Apr 24
DEFA14A
Additional proxy soliciting materials
26 Apr 24
DEF 14A
Definitive proxy
26 Apr 24
S-3
Shelf registration
4 Apr 24
8-K
TerrAscend Reports Fourth Quarter and Full Year 2023 Financial Results
14 Mar 24
10-K
2023 FY
Annual report
14 Mar 24
8-K
TerrAscend Reports Record Third Quarter 2023 Results and Raises Full Year 2023 Guidance
9 Nov 23
10-Q
2023 Q3
Quarterly report
9 Nov 23
Transcripts
TSNDF
Earnings call transcript
2024 Q1
9 May 24
TSNDF
Earnings call transcript
2023 Q3
9 Nov 23
TSNDF
Earnings call transcript
2023 Q2
10 Aug 23
TSNDF
Earnings call transcript
2023 Q1
11 May 23
TSNDF
Earnings call transcript
2023 Q1
11 May 23
TSNDF
Earnings call transcript
2022 Q4
16 Mar 23
TSNDF
Earnings call transcript
2022 Q3
15 Nov 22
TSNDF
Earnings call transcript
2022 Q2
12 Aug 22
TSNDF
Earnings call transcript
2022 Q1
13 May 22
TSNDF
Earnings call transcript
2021 Q4
17 Mar 22
Latest ownership filings
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | |
---|---|---|---|---|
Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
Cash on hand | ||||
Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 22.66 mm | 22.66 mm | 22.66 mm | 22.66 mm | 22.66 mm | 22.66 mm |
Cash burn (monthly) | (no burn) | 855.58 k | (no burn) | 2.96 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | 1.77 mm | n/a | 6.12 mm | n/a | n/a |
Cash remaining | n/a | 20.89 mm | n/a | 16.55 mm | n/a | n/a |
Runway (months of cash) | n/a | 24.4 | n/a | 5.6 | n/a | n/a |
Institutional ownership, Q1 2023
3.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1 |
Opened positions | 0 |
Closed positions | 5 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 10.87 mm |
Total shares | 9.62 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Cowen Financial Products | 9.62 mm | $10.87 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
8 Apr 24 | Keith Stauffer | Common Shares | Payment of exercise | Dispose F | No | No | 2.01 | 41,357 | 83.13 k | 683,324 |
8 Apr 24 | Keith Stauffer | Common Shares | Grant | Acquire A | No | No | 0 | 217,588 | 0.00 | 724,681 |
8 Apr 24 | Ziad Ghanem | Common Shares | Grant | Acquire A | No | No | 0 | 251,256 | 0.00 | 453,116 |
8 Apr 24 | LYNN K Gefen | Common Shares | Payment of exercise | Dispose F | No | No | 2.01 | 5,471 | 11.00 k | 148,098 |
8 Apr 24 | LYNN K Gefen | Common Shares | Grant | Acquire A | No | No | 0 | 30,151 | 0.00 | 153,569 |
8 Apr 24 | LYNN K Gefen | Common Shares | Grant | Acquire A | No | No | 0 | 70,352 | 0.00 | 123,418 |
25 Mar 24 | Keith Stauffer | Common Shares | Payment of exercise | Dispose F | No | No | 1.72 | 1,938 | 3.33 k | 507,093 |
21 Mar 24 | Keith Stauffer | Common Shares | Payment of exercise | Dispose F | No | No | 1.83 | 11,198 | 20.49 k | 509,031 |
News
Cannabis Company TerrAscend Posts Q1 2024 Gains In Revenue And Operational Efficiency
9 May 24
Cannabis Chart Of The Week: How Much Have MSO Valuation Multiples Changed In The Last Year And Why?
18 Apr 24
DOJ Admits Legalized Cannabis Fuels Tourism In Bid To Dismiss Industry Lawsuit Challenging Fed Prohibition
8 Apr 24
TerrAscend Cannabis Co Shares Expansion Plans On Water Tower Research Podcast
25 Mar 24
TerrAscend Rides Legal Weed Wave Despite Q4 Dip As New Markets Offset Revenue Slide
14 Mar 24