TerrAscend Corp ( (TSE:TSND) ) has provided an announcement.
On May 6, 2025, TerrAscend Corp. completed the acquisition of certain assets from Ratio Cannabis, LLC, issuing 4,570,637 common shares valued at $1,320,000 as part of the transaction. The company reported a net revenue of $71 million for the first quarter of 2025, a 4.5% decline from the previous quarter, attributed to seasonal factors. Despite the revenue dip, TerrAscend achieved a gross profit margin of 51.8% and an adjusted EBITDA margin of 21.6%, reflecting operational improvements. The company also expanded its footprint by acquiring a dispensary in Ohio and signing an agreement for another in New Jersey, enhancing its position in the cannabis market.
Spark’s Take on TSE:TSND Stock
According to Spark, TipRanks’ AI Analyst, TSE:TSND is a Neutral.
TerrAscend Corp exhibits moderate potential with key strengths in cash flow improvements and strategic expansion, particularly in Ohio and New Jersey. However, the company faces significant challenges in profitability and valuation due to high liabilities and negative earnings. Technical indicators show moderate momentum, but valuation concerns remain due to the lack of profitability.
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 involved in the cultivation, manufacturing, and retail of cannabis products. The company focuses on expanding its market presence in the United States, particularly in states like New Jersey, Maryland, and Pennsylvania.
Average Trading Volume: 168,891
Technical Sentiment Signal: Sell
Current Market Cap: C$196.1M
See more insights into TSND stock on TipRanks’ Stock Analysis page.