Company research
TerrAscend Corp.
CIK 1778129Updated Sep 26, 2026
SecuritiesTSNDF · OTC · equityTSND · TSX · equity
Historical securities (1)
TRSSF · OTC · equity · closed Jul 5, 2023TSNDF price & chart
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OTC:TSNDF on TradingView ↗About the company
TerrAscend Corp. is a leading TSX-listed cannabis company with interests across the North American cannabis sector, including operations in Pennsylvania, New Jersey, Maryland, Ohio, and California through TerrAscend Growth Corp. and retail operations in Canada. TerrAscend operates The Apothecarium 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 The Apothecarium, Cookies, Kind Tree, Legend, State Flower, Wana, Cuue, One and Valhalla. For more information visit www.terrascend.com.
In the news
TerrAscend Announces Results of Special Meeting of Shareholders ↗
TerrAscend Announces Renewal and Replenishment of $10 Million Share Repurchase Program ↗
TerrAscend to Host Second Quarter 2026 Earnings Conference Call ↗
Recent filings
Submission of Matters to a Vote of Security Holders · Regulation FD Disclosure · Other Events
Items 5.07, 7.01, 8.01, 9.01
Results of Operations and Financial Condition · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD Disclosure
Items 2.02, 5.02, 7.01, 9.01
10-Q filing
D filing
DEFA14A filing
Show 5 more recent filings
DEF 14A filing
Other Events
Items 8.01, 9.01
4 filing
4 filing
4 filing
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 557,379,000Source | 607,230,000Source | 666,518,000Source | 701,587,000Source |
| Property, Plant and Equipment, NetUSD | 129,932,000Source | 184,019,000Source | 196,215,000Source | 215,812,000Source |
| GoodwillUSD | 109,770,000Source | 106,929,000Source | 106,929,000Source | 90,328,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 167,310,000Source | 169,604,000Source | 215,854,000Source | 239,704,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 37,414,000Source | 26,381,000Source | 22,241,000Source | 26,158,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 16,898,000Source | 20,880,000Source | 19,048,000Source | 22,443,000Source |
| Inventory, NetUSD | 34,054,000Source | 48,799,000Source | 51,683,000Source | 46,335,000Source |
| Assets, CurrentUSD | 110,108,000Source | 104,433,000Source | 102,889,000Source | 121,993,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 8,557,000Source | 6,040,000Source | 4,898,000Source | 4,937,000Source |
| Operating Lease, Right-of-Use AssetUSD | 26,691,000Source | 41,355,000Source | 43,440,000Source | 29,451,000Source |
| Other Assets, NoncurrentUSD | 13,508,000Source | 722,000Source | 854,000Source | 3,462,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 458,358,000Source | 430,414,000Source | 425,778,000Source | 380,416,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Additional Paid in CapitalUSD | 960,241,000Source | 952,463,000Source | 944,859,000Source | 934,972,000Source |
| Retained Earnings (Accumulated Deficit)USD | -864,742,000Source | -778,514,000Source | -704,162,000Source | -618,260,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 1,986,000Source | 3,011,000Source | 1,799,000Source | 2,085,000Source |
| Liabilities and EquityUSD | 557,379,000Source | 607,230,000Source | 666,518,000Source | 701,587,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 79,931,000Source | 78,529,000Source | 207,000,000Source | 137,905,000Source |
| Operating Lease, Liability, CurrentUSD | 1,511,000Source | 2,511,000Source | 1,244,000Source | 1,857,000Source |
| Operating Lease, Liability, NoncurrentUSD | 28,555,000Source | 42,469,000Source | 45,384,000Source | 31,545,000Source |
| Deferred Income Tax Liabilities, NetUSD | 8,025,000Source | 8,428,000Source | 17,175,000Source | 30,700,000Source |
| Other Liabilities, NoncurrentUSD | 86,000Source | 799,000Source | — | 15,792,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 1,536,000Source | -144,000Source | -1,756,000Source | 2,374,000Source |
| Additional Financial Items | ||||
| Deferred Revenue, CurrentUSD | 3,993,000Source | 5,129,000Source | 4,154,000Source | 2,935,000Source |
| Deferred Tax Liabilities, NetUSD | 8,025,000Source | 8,428,000Source | 17,175,000Source | 30,700,000Source |
| Long-term DebtUSD | 225,452,000Source | 204,545,000Source | 206,453,000Source | 199,964,000Source |
| Long-term Debt, Current MaturitiesUSD | — | — | 125,888,000Source | — |
| Short-term InvestmentsUSD | 362,000Source | 1,727,000Source | 1,913,000Source | 3,595,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 5,007,000Source | 9,706,000Source | 7,707,000Source | 12,162,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in InventoriesUSD | -5,946,000Source | -4,166,000Source | 5,185,000Source | -676,000Source |
| Deferred Income Tax Expense (Benefit)USD | -532,000Source | -8,746,000Source | -18,615,000Source | -35,299,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 21,528,000Source | 37,950,000Source | 27,471,000Source | -26,123,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -14,607,000Source | -12,247,000Source | -16,219,000Source | -27,579,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 8,614,000Source | 9,362,000Source | 7,762,000Source | 39,631,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 410,000Source | 215,000Source | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 4,188,000Source | -24,716,000Source | -12,500,000Source | 3,719,000Source |
| Repayments of Long-term DebtUSD | 70,490,000Source | 146,159,000Source | 50,154,000Source | 42,221,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 27,938,000Source | 23,847,000Source | 23,037,000Source | 26,840,000Source |
| Income Taxes Paid, NetUSD | 9,403,000Source | -6,229,000Source | -3,280,000Source | 9,917,000Source |
| Additional Financial Items | ||||
| Accretion ExpenseUSD | 7,465,000Source | — | — | — |
| Share-based Payment Arrangement, ExpenseUSD | 5,007,000Source | 9,706,000Source | 7,707,000Source | 12,162,000Source |
| Amortization of Intangible AssetsUSD | 6,472,000Source | 7,636,000Source | 8,865,000Source | 12,581,000Source |
| DepreciationUSD | 9,141,000Source | 12,413,000Source | 11,517,000Source | 10,043,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | -535,000Source | — | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 687,000Source | -940,000Source | 53,000Source | -712,000Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | — | 30,000Source | 1,914,000Source | — |
| Gain (Loss) on InvestmentsUSD | -1,365,000Source | -238,000Source | -2,603,000Source | 43,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | 1,914,000Source | — |
| Gain (Loss) on Sale of Assets and Asset Impairment ChargesUSD | -2,634,000Source | — | — | — |
| Gain (Loss) on Termination of LeaseUSD | — | — | 1,217,000Source | — |
| Gain (Loss) on Extinguishment of DebtUSD | -1,432,000Source | -1,662,000Source | — | 4,153,000Source |
| General and Administrative ExpenseUSD | 86,240,000Source | 111,596,000Source | 115,189,000Source | 115,588,000Source |
| GoodwillUSD | 109,770,000Source | 106,929,000Source | 106,929,000Source | 90,328,000Source |
| Goodwill and Intangible Asset ImpairmentUSD | — | 39,334,000Source | 55,993,000Source | 311,084,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 4,690,000Source | 170,357,000Source |
| Impairment of Intangible Assets (Excluding Goodwill)USD | 2,606,000Source | 39,334,000Source | 51,303,000Source | 140,727,000Source |
| Impairment of Intangible Assets, Finite-livedUSD | 1,256,000Source | 17,134,000Source | 15,518,000Source | 121,527,000Source |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)USD | 1,350,000Source | 22,200,000Source | 35,785,000Source | 19,200,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -29,386,000Source | -80,232,000Source | -91,101,000Source | -303,959,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -24,489,000Source | -72,670,000Source | -82,286,000Source | -299,402,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -56,842,000Source | — | -4,444,000Source | -25,949,000Source |
| Income Tax Expense (Benefit)USD | 29,466,000Source | 20,438,000Source | 23,453,000Source | -10,783,000Source |
| Inventory Write-downUSD | — | — | 985,000Source | 9,082,000Source |
| Net Income (Loss) Attributable to ParentUSD | -81,331,000Source | -72,670,000Source | -86,730,000Source | -325,351,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 4,897,000Source | 7,562,000Source | 8,815,000Source | 4,557,000Source |
| Operating ExpensesUSD | 94,303,000Source | 167,066,000Source | 182,694,000Source | 437,419,000Source |
| Operating Lease, ExpenseUSD | 4,975,000Source | 7,826,000Source | 6,098,000Source | 5,028,000Source |
| Other Nonoperating Income (Expense)USD | 888,000Source | 1,032,000Source | 301,000Source | 206,000Source |
| Other Operating Income (Expense), NetUSD | -33,000Source | 1,198,000Source | — | — |
| Payments of Financing CostsUSD | — | 400,000Source | 1,474,000Source | 1,125,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 78,944,000Source | 129,382,000Source | 23,869,000Source | 43,419,000Source |
| Restructuring CostsUSD | 606,000Source | — | — | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | — | — | 249,258,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 260,558,000Source | 306,677,000Source | 317,328,000Source | 247,829,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | — | — | 115,189,000Source | 115,588,000Source |
| Operating Income (Loss)USD | 42,021,000Source | -17,106,000Source | -22,996,000Source | -335,915,000Source |
| Other Nonoperating Income (Expense)USD | 888,000Source | 1,032,000Source | 301,000Source | 206,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 4,977,000Source | -52,232,000Source | -58,833,000Source | -310,185,000Source |
| Income Tax Expense (Benefit)USD | 29,466,000Source | 20,438,000Source | 23,453,000Source | -10,783,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 4,897,000Source | 7,562,000Source | 8,815,000Source | 4,557,000Source |
| Net Income (Loss) Attributable to ParentUSD | -81,331,000Source | -72,670,000Source | -86,730,000Source | -325,351,000Source |
| Earnings Per Share, BasicUSD per share | -0.29Source | -0.28Source | -0.35Source | -1.35Source |
| Earnings Per Share, DilutedUSD per share | -0.29Source | -0.28Source | -0.35Source | -1.35Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 301,083,354Source | 291,513,878Source | 279,285,588Source | 244,351,028Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 301,083,354Source | 291,513,878Source | 279,285,588Source | 244,351,028Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 6,472,000Source | 7,636,000Source | 8,865,000Source | 12,581,000Source |
| Current Income Tax Expense (Benefit)USD | 29,998,000Source | 29,184,000Source | 42,068,000Source | 24,516,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 5,424,000Source | 8,823,000Source | 9,433,000Source | 9,658,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 687,000Source | -940,000Source | 53,000Source | -712,000Source |
| Gain (Loss) on InvestmentsUSD | -1,365,000Source | -238,000Source | -2,603,000Source | 43,000Source |
| General and Administrative ExpenseUSD | 86,240,000Source | 111,596,000Source | 115,189,000Source | 115,588,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 4,690,000Source | 170,357,000Source |
| Gross ProfitUSD | 136,324,000Source | 149,960,000Source | 159,698,000Source | 101,504,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -29,386,000Source | -80,232,000Source | -91,101,000Source | -303,959,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -24,489,000Source | -72,670,000Source | -82,286,000Source | -299,402,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | -0.1Source | -0.28Source | -0.33Source | -1.24Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | -0.1Source | -0.28Source | -0.33Source | -1.24Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -56,842,000Source | — | -4,444,000Source | -25,949,000Source |
| Interest ExpenseUSD | 28,826,000Source | — | — | — |
| Interest Expense, DebtUSD | — | 23,847,000Source | 23,037,000Source | 26,840,000Source |
| Operating ExpensesUSD | 94,303,000Source | 167,066,000Source | 182,694,000Source | 437,419,000Source |
| Operating Lease, ExpenseUSD | 4,975,000Source | 7,826,000Source | 6,098,000Source | 5,028,000Source |
| Other Operating Income (Expense), NetUSD | -33,000Source | 1,198,000Source | — | — |
| Restructuring CostsUSD | 606,000Source | — | — | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | — | — | 249,258,000Source |
| Selling and Marketing ExpenseUSD | — | — | 9,658,000Source | 10,318,000Source |
Filing attachments
tsndf-ex99_1.htm · 8-K · 2026-08-25
EX-99.1 2 tsndf-ex99_1.htm EX-99.1 EX-99.1 TerrAscend Announces Renewal and Replenishment of $10 Million Share Repurchase Program TORONTO, August 20, 2026 - TerrAscend Corp. ("TerrAscend" or the "Company") (TSX: TSND) (OTCQX: TSNDF), a leading North American cannabis company, today announced that its Board of Directors has authorized the Company to renew and replenish its normal course issuer bid (“NCIB”) to repurchase up to USD $10 million of the Company’s common shares (“Shares”), from t…
Read attachment ↗tsndf-ex99_1.htm · 8-K · 2026-08-06
EX-99.1 2 tsndf-ex99_1.htm EX-99.1 EX-99.1 TerrAscend Reports Second Quarter 2026 Financial Results Q2 2026 Net Revenue of $67.1 Million, Up Sequentially and Year-Over-Year Q2 2026 Gross Profit Margin of 54.0%, Up 120 Basis Points Sequentially and 290 Basis Points Year-Over-Year Q2 2026 Net Cash Provided from Continuing Operations of $7.4 Million, Representing 12.5% Operating Cash Flow Yield1 Q2 2026 Free Cash Flow¹ of $5.7 Million, Representing 9.9% Free Cash Flow Yield1 16th Consecut…
Read attachment ↗tsndf-ex99_1.htm · 8-K · 2026-06-29
EX-99.1 2 tsndf-ex99_1.htm EX-99.1 EX-99.1 TerrAscend Files Preliminary Proxy Statement for Special Meeting of Shareholders in Preparation for Uplisting to US Exchange TORONTO, June 29, 2026 - TerrAscend Corp. (the “Company”) (TSX: TSND) (OTCQX: TSNDF), a leading North American cannabis operator, today announced that it has filed a preliminary proxy statement (the “Preliminary Proxy Statement”) with the U.S. Securities and Exchange Commission (the "SEC") and on SEDAR+ in connection with it…
Read attachment ↗tsndf-ex99_2.htm · 8-K · 2026-06-29
EX-99.2 3 tsndf-ex99_2.htm EX-99.2 EX-99.2 Exhibit 99.2 The information included in this Form 8-K is presented for informational purposes only in connection with the change in segment presentation as described above and does not amend or restate the Company’s previously issued consolidated financial statements included in the Annual Report or Quarterly Report. The change in segment presentation has no impact on the Company’s historical consolidated balance sheets, statement of operations a…
Read attachment ↗tsndf-ex4_1.htm · 8-K · 2026-06-25
EX-4.1 2 tsndf-ex4_1.htm EX-4.1 EX-4.1 TERRASCEND CORP. SUBSCRIPTION AGREEMENT FOR CONVERTIBLE DEBENTURES TO: TERRASCEND CORP. The Subscriber (as hereinafter defined) hereby irrevocably subscribes for and agrees to purchase from TerrAscend Corp. (the “Corporation”) that number of secured convertible debentures of the Corporation (the “Convertible Debentures”) set out below at a price of US$1,000 per Convertible Debenture (the “Subscription Price”). The Subscriber agrees to be bound by th…
Read attachment ↗tsndf-ex99_1.htm · 8-K · 2026-06-25
EX-99.1 4 tsndf-ex99_1.htm EX-99.1 EX-99.1 TerrAscend Completes Oversubscribed Debt Financing, Raising $21.7 Million A portion of the proceeds were used to retire existing higher interest rate indebtedness with the remainder available for M&A TORONTO, June 25, 2026 - TerrAscend Corp. (the “Company”) (TSX: TSND) (OTCQX: TSNDF), a leading North American cannabis operator, today announced that the Company has closed a convertible debenture financing in the aggregate principal amount of $21.7…
Read attachment ↗