TerrAscend (OTCMKTS:TSNDF) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

TerrAscend (OTCMKTS:TSNDF) announced its quarterly earnings data on Thursday. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01), Zacks reports. TerrAscend had a negative net margin of 31.01% and a negative return on equity of 32.93%. The business had revenue of $68.21 million during the quarter, compared to the consensus estimate of $66.85 million.

TerrAscend Stock Down 2.5%

OTCMKTS TSNDF traded down $0.01 during trading hours on Friday, reaching $0.46. 357,563 shares of the company’s stock were exchanged, compared to its average volume of 247,947. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.20 and a current ratio of 1.83. The company has a market capitalization of $143.40 million, a price-to-earnings ratio of -4.22 and a beta of 1.47. The company’s 50-day moving average is $0.56 and its two-hundred day moving average is $0.62. TerrAscend has a one year low of $0.35 and a one year high of $1.45.

About TerrAscend

TerrAscend Corp. is a North American cannabis company that cultivates, processes, manufactures and sells cannabis products through a combination of wholesale and retail operations. Its product portfolio includes flower, pre-rolls, concentrates, vape products, edibles, tinctures, topicals and other cannabis-derived products.

The company serves medical and adult-use cannabis markets in several U.S. states, including Pennsylvania, New Jersey, Maryland, Michigan, Ohio and California, as well as the Canadian market.