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)
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
8-K
Expects gross margin to exceed 50% in second half of the year
13 Oct 23
8-K
Gross profit margin increased to 50.2%, an improvement of 140 basis points sequentially
10 Aug 23
Transcripts
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
TSNDF
Earnings call transcript
2021 Q3
16 Nov 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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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) | 27.91 mm | 27.91 mm | 27.91 mm | 27.91 mm | 27.91 mm | 27.91 mm |
Cash burn (monthly) | 1.17 mm | 531.50 k | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 8.08 mm | 3.67 mm | n/a | n/a | n/a | n/a |
Cash remaining | 19.83 mm | 24.24 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 17.0 | 45.6 | n/a | n/a | 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
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18 Apr 24
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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
Former NBC Exec Brings Marijuana Brands To Life: TerrAscend's BJ Carretta Shares Tips At California Cannabis Event
22 Feb 24