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TerrAscend Corp ( (TSE:TSND) ) has issued an announcement.
On July 8, 2025, TerrAscend Corp. announced the completion of a $79 million upsize to its senior secured syndicated term loan, led by FocusGrowth Asset Management. The proceeds were used to retire $68 million of existing debt, with the remainder designated for future growth initiatives. The transaction also includes an uncommitted term loan facility of up to $35 million for potential mergers and acquisitions. This financial maneuver extends the majority of the company’s debt maturity to late 2028, reflecting FocusGrowth’s confidence in TerrAscend’s vision and strategy. The move is expected to bolster the company’s market position and support its growth in both new and existing markets.
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 Corp is a leading North American cannabis company with operations in Pennsylvania, New Jersey, Maryland, Ohio, Michigan, and California, as well as retail operations in Canada. The company operates The Apothecarium, Gage, and other dispensary retail locations and has scaled cultivation, processing, and manufacturing facilities. TerrAscend 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.
Average Trading Volume: 342,473
Technical Sentiment Signal: Sell
Current Market Cap: C$144.3M
For an in-depth examination of TSND stock, go to TipRanks’ Overview page.