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TerrAscend Corp. issues news as a North American cannabis operator with common shares traded on the TSX as TSND and on OTCQX as TSNDF. Coverage centers on financial results from continuing operations, retail and wholesale cannabis revenue, gross margin, EBITDA, cash flow, and capital allocation.
The company operates The Apothecarium and other dispensary locations, along with cultivation, processing, and manufacturing facilities in Pennsylvania, New Jersey, Maryland, Ohio, California, and Canadian retail. Recurring updates also cover brand licensing and product launches involving names such as Cookies, Kind Tree, Wana, Valhalla Confections, and TYSON 2.0, as well as refinancings, acquisitions, share repurchase activity, discontinued operations, and executive appointments.
TerrAscend (OTCQX:TSNDF) signed an option agreement to acquire its fifth New Jersey dispensary, Aunt Mary’s in Hunterdon County. The store generates over $10 million in annualized revenue and is expected to be immediately accretive to EBITDA and free cash flow.
The total purchase price is $9 million, including a $3 million five-year unsecured 6.0% convertible note for a 35% option and $6 million cash on exercise. Closing depends on standard conditions, including regulatory approval.
TerrAscend (OTCQX: TSNDF) filed a preliminary proxy for a Special Meeting of shareholders on August 24, 2026, with a record date of June 30, 2026.
Voting shareholders will consider a share consolidation within a 1-for-5 to 1-for-20 range to help meet major U.S. exchange listing requirements.
TerrAscend (OTCQX: TSNDF) closed an oversubscribed private placement of senior secured convertible debentures totaling $21.7 million. About $11.1 million retired higher-rate senior unsecured convertible debt, with remaining funds earmarked for mergers and acquisitions.
The debentures mature on September 30, 2031, pay 8% interest, and are convertible at US$0.87, a 25% premium to the 20-day VWAP. The notes are secured by a second lien on the U.S. business. An insider purchased 1,000 debentures for US$1 million, treated as a related party transaction under MI 61-101.
TerrAscend (OTCQX: TSNDF) reported voting results from its June 9, 2026 annual general meeting. Shareholders re-elected five directors, each receiving at least 96.75% support. MNP LLP was re-appointed as auditor with 99.78% of votes. Equity incentive plans also passed with about 99% approval.
TerrAscend (OTCQX: TSNDF) has called a Special Meeting of Shareholders for August 24, 2026 to vote on a share consolidation of its common shares. The move is intended to help the company meet share-price criteria for a potential uplisting to a major U.S. stock exchange.
TerrAscend (OTCQX: TSNDF) reported Q1 2026 continuing-operations results: net revenue $65.5M, gross margin 52.8%, GAAP net loss from continuing operations of $6.8M, and Adjusted EBITDA $17.4M (26.5% of revenue). The company generated $8.7M net cash from operations and $7.8M free cash flow.
The quarter marks the 15th consecutive positive operating cash-flow quarter and 11th consecutive quarter of positive free cash flow; cash and equivalents were $39.1M as of March 31, 2026.
TerrAscend (OTCQX: TSNDF) announced preliminary, unaudited Q1 2026 continuing-operations results: net revenue $65.5 million and gross profit margin 52.8%. Results exclude Michigan, which is reported as discontinued operations effective Q2 2025; all prior periods were restated.
The company reported flat G&A quarter-over-quarter and positive operating cash flow for the 15th consecutive quarter. A conference call is scheduled for May 7, 2026 at 8:00 a.m. ET and detailed Q1 financials will be released before market open that day.
TerrAscend (OTCQX: TSNDF) appointed Eric Jackson as Chief Financial Officer, effective April 27, 2026. Mr. Jackson brings more than two decades of finance and operational leadership, including 8+ years as EVP & CFO at American Signature and 14+ years in senior roles at L Brands. He holds a BS in Business and an MBA.
The company highlighted his experience in efficiency, margin expansion, liquidity management, and operational transformation as priorities for scaling the business.
TerrAscend (OTCQX: TSNDF) launched TYSON 2.0 products in Pennsylvania and Maryland on March 31, 2026, expanding distribution through Apothecarium dispensaries and third-party wholesale partners.
Initial SKUs include premium flower jars (3.5g, 14g, 28g) and high-potency vapes; additional formats are planned throughout 2026.
TerrAscend (OTCQX: TSNDF) reported Q4 2025 net revenue of $66.1M and full-year 2025 net revenue of $260.6M. Gross margin from continuing operations was >52% for Q4 and FY. Adjusted EBITDA was $16.7M in Q4 and $67.8M for FY 2025. Net cash from continuing operations was $8.3M in Q4 and $33.9M for FY; free cash flow was $6.6M in Q4 and $25.3M for FY. The company executed a $79M non-dilutive refinancing and advanced a strategic exit from Michigan, using proceeds to reduce debt.