TerrAscend's Full-Year 2023 Guidance: 'We Expect To Drive Industry Leading Revenue Growth' Says CEO
Portfolio Pulse from Nina Zdinjak
TerrAscend Corp. has raised its guidance for net revenue and adjusted EBITDA for the full year 2023 to at least $317 million and $63 million, respectively. This represents a 28% YoY growth in net revenue and 62% in Adjusted EBITDA. The company also expects gross margin to exceed 50% and positive free cash flow in the second half of the year. TerrAscend is hosting an investor day at the Toronto Stock Exchange on October 13.
October 13, 2023 | 1:55 pm
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POSITIVE IMPACT
TerrAscend Corp. has raised its 2023 guidance, indicating strong financial performance. This could potentially lead to a positive impact on its stock price.
TerrAscend's raised guidance for 2023 indicates strong financial performance and growth. This positive outlook could attract investors, potentially leading to an increase in demand for the stock and a rise in its price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100