TRSSF News and Press, TerrAscend Corp From 05/27/22

Canopy Growth reports another horrible quarter with revenues down 25% YoY. The Canadian cannabis company again produced a massive EBITDA loss topping $1 per each dollar of sales generated. The stock isn't appealing, even below $5, due to the large losses and unfavorable valuation ...

Canadian licensed producers are struggling in Friday trading following Aurora Cannabis' (NASDAQ:ACB) $150M bought deal financing and Canopy Growth Corp's (NASDAQ:CGC) quarterly results. The worse of the bunch (after Aurora, down ~37%) is Canopy Growth (CGC) which is off 13%. Ho...

The cost of credit is increasing, and credit spreads are widening. Sources of credit and equity are dwindling. The cannabis industry is heavily dependent on external funding. Cash is rapidly becoming scarce at MSOs due to negative free cash flow. Nonpayment of income tax i...

TerrAscend reported a horrible Q1'22 with revenues dipping 7% despite adding revenues from the Gage Growth acquisition. The MSO just launched recreational cannabis in New Jersey with up to 3 stores set to add $40 million in sales each. The stock is attractive at only 3x sales, but...

Investing In The Cannabis Industry For 2022 Are you looking for the best marijuana stocks to buy in 2022 ? After another choppy session in the market to start the week, many cannabis stocks continue to trade near their newly established lows. As investors continue to see extreme mar...

New industries eventually consolidate around a few very large companies. The scale, depth, experience, and clout of the winning companies will generate outsized performance and investment returns. Trulieve could eventually become one of the dominant players in cannabis. For ...

TerrAscend Launches First-Ever Concentrates in New Jersey Canada NewsWire Liquid Live Resin Vape Cartridges and Live Resin Crumble Now Available Exclusively at New Jersey Apothecarium Dispensaries TORONTO , May 16, 2022 /CNW/ - TerrAscend Corp. (...

TerrAscend Corp. (TRSSF) Q1 2022 Earnings Conference Call May 12, 2022 06:00 PM ET Company Participants Jason Wild - Executive Chairman Ziad Ghanem - President & Chief Operating Officer Keith Stauffer - Chief Financial Officer Conference Call Participants Kenric Tyghe - ATB Capital Market...

TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF) reported its financial results for the first quarter ending March 31, 2022 . Net sales for the first quarter of 2022 totaled $49.7 million , up 1% sequentially and down 7% year over year. TerrAscend attributed the decline...

TerrAscend press release (OTCQX:TRSSF): Q1 GAAP EPS of -C$0.08. Revenue of C$49.66M (-6.9% Y/Y). Adjusted Gross Profit Margin was 38.4% as compared to 49.8% in Q4 2021 Adjusted EBITDA Margin was 6.6% as compared to 24.2% in Q4 2021. Cash and Cash Equivalents totaled $88.4 million as...