Cannabis Company TerrAscend Posts Q1 2024 Gains In Revenue And Operational Efficiency
TerrAscend Corp. (OTC: TSNDF), a cannabis company with a presence in several states, reported its financial performance for the first quarter that ended March 31, 2024 with gains in revenue and operational efficiency.
TerrAscend announced an increase in net revenue to $80.6 million, marking a 16.1% rise compared to the same period last year. The company also announced a cash flow from operations of $13.3 million and a healthy free cash flow of $10.5 million.
Despite the positive revenue growth, the company recorded a net loss from continuing operations …