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The latest update is out from TerrAscend Corp ( (TSE:TSND) ).
On June 27, 2025, TerrAscend Corp. announced its decision to exit the Michigan market to focus on more profitable regions. The company plans to sell its Michigan assets, including cultivation facilities and dispensaries, with proceeds used to reduce debt. This strategic move is expected to enhance TerrAscend’s financial profile, improve margins, and streamline operations across its core markets in the northeastern U.S. and Canada. The exit will result in a workforce reduction of approximately 21% by the end of 2025, impacting around 1,200 employees.
The most recent analyst rating on (TSE:TSND) stock is a Buy with a C$3.75 price target. To see the full list of analyst forecasts on TerrAscend Corp stock, see the TSE:TSND Stock Forecast page.
Spark’s Take on TSE:TSND Stock
According to Spark, TipRanks’ AI Analyst, TSE:TSND is a Neutral.
TerrAscend Corp faces significant challenges, primarily due to weak financial performance and bearish technical indicators. While strategic acquisitions indicate potential for growth, the current financial and market conditions pose considerable risks to investors.
To see Spark’s full report on TSE:TSND stock, click here.
More about TerrAscend Corp
TerrAscend is a leading TSX-listed cannabis company with operations across North America, including vertically integrated operations in Pennsylvania, New Jersey, Maryland, Michigan, and California, as well as retail operations in Canada. The company operates several dispensary retail locations and cultivation, processing, and manufacturing facilities. TerrAscend owns or licenses multiple brands, including Gage Cannabis, The Apothecarium, Cookies, and others, providing products to both medical and legal adult-use markets.
Average Trading Volume: 335,451
Technical Sentiment Signal: Sell
Current Market Cap: C$129.5M
See more data about TSND stock on TipRanks’ Stock Analysis page.