TerrAscend (OTCMKTS:TSNDF – Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($0.04) earnings per share (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 Trading Up 10.8%
OTCMKTS:TSNDF traded up $0.05 on Thursday, reaching $0.52. The stock had a trading volume of 186,901 shares, compared to its average volume of 334,215. TerrAscend has a 12-month low of $0.35 and a 12-month high of $1.45. The company has a market cap of $161.30 million, a price-to-earnings ratio of -5.22 and a beta of 1.39. The firm’s fifty day moving average is $0.62 and its two-hundred day moving average is $0.65. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.51 and a quick ratio of 0.98.
TerrAscend Company Profile
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.
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