TerrAscend (OTCMKTS:TSNDF) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of TerrAscend (OTCMKTS:TSNDF) from a strong sell rating to a hold rating in a research note released on Tuesday,Zacks.com reports.

TerrAscend Stock Down 6.2%

TSNDF stock opened at $0.61 on Tuesday. The company has a market cap of $187.79 million, a PE ratio of -1.49 and a beta of 1.41. The company has a quick ratio of 1.12, a current ratio of 1.56 and a debt-to-equity ratio of 2.54. TerrAscend has a 52 week low of $0.23 and a 52 week high of $1.45. The business has a 50-day simple moving average of $0.73 and a 200 day simple moving average of $0.74.

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.