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TerrAscend Corp ( (TSE:TSND) ) has shared an announcement.
TerrAscend Corp. has announced its preliminary fourth-quarter 2024 financial results, showcasing a slight revenue increase and improved gross profit margin despite challenging market conditions. The company reported a 0.3% rise in net revenue to $74.4 million and a gross profit margin increase to 50.2%. Additionally, TerrAscend achieved positive cash flow from operations, reduced operating expenses, and maintained strong market positions in New Jersey and Maryland. The company is also preparing for potential adult-use cannabis legislation in Pennsylvania, which could significantly enhance its operational capacity. These results reinforce TerrAscend’s confidence in pursuing growth and expansion opportunities in 2025.
More about TerrAscend Corp
TerrAscend is a leading North American cannabis company with vertically integrated operations across Pennsylvania, New Jersey, Maryland, Michigan, and California. The company operates retail locations through The Apothecarium and Gage, among others, and focuses on cultivation, processing, and manufacturing of high-quality cannabis products for medical and adult-use markets. TerrAscend also owns several synergistic brands, including Cookies, Lemonnade, and Wana.
YTD Price Performance: -22.77%
Average Trading Volume: 166,993
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$278.5M
See more data about TSND stock on TipRanks’ Stock Analysis page.
