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

TerrAscend (OTCMKTS:TSNDF) announced its earnings results on Thursday. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02), Zacks reports. TerrAscend had a negative net margin of 31.01% and a negative return on equity of 31.97%. The business had revenue of $67.12 million during the quarter, compared to the consensus estimate of $66.05 million.

TerrAscend Price Performance

Shares of OTCMKTS TSNDF traded down $0.00 during midday trading on Friday, reaching $0.52. The company’s stock had a trading volume of 248,695 shares, compared to its average volume of 208,390. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.98 and a current ratio of 1.51. The company has a market cap of $161.18 million, a P/E ratio of -5.21 and a beta of 1.39. The business’s 50 day moving average price is $0.61 and its two-hundred day moving average price is $0.65. TerrAscend has a fifty-two week low of $0.35 and a fifty-two week high of $1.45.

About TerrAscend

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.