TerrAscend's Q2 2024 Results: Keeps 48.6% Of Revenue As Profit, EBITDA Margin Increases
Portfolio Pulse from Nicolás Jose Rodriguez
TerrAscend Corp. (OTC:TSNDF) reported a 7.5% increase in net revenue for Q2 2024, reaching $77.5 million. The company also saw a 21.9% year-over-year growth in adjusted EBITDA, despite a net loss of $6.2 million. The company secured a $140 million term loan to support its geographic expansion.
August 08, 2024 | 11:12 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
TerrAscend Corp. reported a 7.5% increase in net revenue for Q2 2024, reaching $77.5 million. The company also saw a 21.9% year-over-year growth in adjusted EBITDA, despite a net loss of $6.2 million. The company secured a $140 million term loan to support its geographic expansion.
The increase in revenue and adjusted EBITDA, along with the secured $140 million term loan for expansion, are positive indicators for the company's short-term performance. The net loss is a concern but is an improvement from the previous year, which may mitigate negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100