TerrAscend Reports Third Quarter 2024 Financial Results
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TerrAscend Corp. reported its Q3 2024 financial results, with net revenue of $74.2 million and a gross profit margin of 48.8%. The company achieved its 9th consecutive quarter of positive cash flow from operations and 5th consecutive quarter of positive free cash flow. TerrAscend closed a $140 million senior secured term loan and announced an acquisition to enter the Ohio market.
November 06, 2024 | 9:30 pm
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POSITIVE IMPACT
TerrAscend Corp. reported strong Q3 2024 financial results with significant revenue and profit margins. The company continues to show positive cash flow and has secured a $140 million loan. Additionally, TerrAscend is expanding into the Ohio market through an acquisition.
The strong financial results, continued positive cash flow, and strategic expansion into a new market are likely to positively impact TerrAscend's stock price. The secured loan provides financial stability, and the Ohio market entry could drive future growth.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100