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An announcement from TerrAscend Corp ( (TSE:TSND) ) is now available.
TerrAscend Corp has announced an agreement to acquire its fourth dispensary in New Jersey, Union Chill, which generates over $11 million in annualized revenue. This acquisition is expected to enhance TerrAscend’s leadership in the state and improve its EBITDA and cash flow. The company plans to introduce its premium brands to Union Chill to boost sales and margins, and is exploring further expansion opportunities in New Jersey. The acquisition will increase TerrAscend’s retail footprint to 39 dispensaries across North America.
Spark’s Take on TSE:TSND Stock
According to Spark, TipRanks’ AI Analyst, TSE:TSND is a Neutral.
TerrAscend Corp’s overall stock score reflects its mixed financial performance, with key strengths in cash flow improvement but challenges in profitability and liabilities. Technical analysis suggests moderate momentum, but valuation metrics are weak due to negative earnings, impacting overall attractiveness.
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 across several U.S. states and Canada. It is involved in vertically integrated operations, including cultivation, processing, and retail through various brands such as The Apothecarium, Gage, and Cookies. The company offers a wide range of cannabis products to both medical and adult-use markets.
Average Trading Volume: 170,324
Technical Sentiment Signal: Sell
Current Market Cap: C$203.2M
See more insights into TSND stock on TipRanks’ Stock Analysis page.