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TerrAscend Corp ( (TSE:TSND) ) just unveiled an update.
TerrAscend Corp. has announced the renewal and replenishment of its $10 million share repurchase program, allowing the company to buy back up to 10 million of its common shares over the next 12 months. This move is seen as a strategic effort to capitalize on current market conditions and federal regulatory momentum, providing flexibility in capital allocation while maintaining a focus on operational excellence and revenue growth. The program represents 4.73% of the public float and will be conducted on the Toronto Stock Exchange and other permitted trading systems, with all repurchased shares being cancelled.
The most recent analyst rating on (TSE:TSND) stock is a Hold with a C$0.50 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 receives a moderate score driven by positive technical indicators and recent strategic acquisitions, which support future growth prospects. However, the company’s mixed financial performance and negative valuation metrics present significant challenges that dampen the overall outlook.
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 states such as Pennsylvania, New Jersey, Maryland, Ohio, Michigan, and California, as well as retail operations in Canada. The company operates dispensary retail locations and scaled cultivation, processing, and manufacturing facilities, providing high-quality cannabis products to both medical and legal adult-use markets. TerrAscend owns or licenses several synergistic brands, including Gage Cannabis, The Apothecarium, Cookies, and others.
Average Trading Volume: 359,963
Technical Sentiment Signal: Sell
Current Market Cap: C$506.5M
See more data about TSND stock on TipRanks’ Stock Analysis page.