TerrAscend (OTCMKTS:TSNDF) Releases Earnings Results, Misses Expectations By $0.02 EPS

TerrAscend (OTCMKTS:TSNDFGet Free Report) announced its quarterly earnings data on Thursday. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02), Zacks reports. TerrAscend had a negative net margin of 45.86% and a negative return on equity of 24.69%.

TerrAscend Price Performance

TSNDF stock traded up $0.05 during trading on Thursday, reaching $0.52. The company’s stock had a trading volume of 186,901 shares, compared to its average volume of 334,215. The company has a quick ratio of 0.98, a current ratio of 1.51 and a debt-to-equity ratio of 2.66. The company’s fifty day moving average is $0.62 and its 200-day moving average is $0.65. The company has a market capitalization of $161.30 million, a P/E ratio of -5.22 and a beta of 1.39. TerrAscend has a 1 year low of $0.35 and a 1 year high of $1.45.

About TerrAscend

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TerrAscend is a vertically integrated cannabis company that operates across cultivation, processing and retailing in North America. The company’s business model spans seed-to-sale activities, enabling it to manage quality control, production efficiency and product innovation from its growing facilities through to its distribution networks. TerrAscend serves both adult-use and medical cannabis markets, offering a full suite of cannabis derivatives including dried flower, concentrates, vapes, edibles, tinctures and topicals.

Geographically, TerrAscend maintains operations in key regulated markets.

See Also

Earnings History for TerrAscend (OTCMKTS:TSNDF)

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