TerrAscend’s Q2 2024 Results: Keeps 48.6% Of Revenue As Profit, EBITDA Margin Increases
TerrAscend Corp. (OTC: TSNDF) reported net revenue of $77.5 million for the second quarter of 2024, reflecting a 7.5% increase compared to $72.1 million in the same period in 2023.
Executive chairman Jason Wild highlighted the company’s material revenue and EBITDA growth, positive free cash flow and a strategic focus on geographic expansion supported by a recently secured $140 million term loan.
“We are closing in on multiple transactions to expand our geographic footprint and the recent closing of our $140 million term loan provides financial flexibility and fuel …