TerrAscend (OTCMKTS:TSNDF – Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02), Zacks reports. TerrAscend had a negative return on equity of 24.69% and a negative net margin of 45.86%.
TerrAscend Price Performance
Shares of OTCMKTS:TSNDF opened at $0.52 on Friday. The company has a market cap of $161.30 million, a P/E ratio of -5.22 and a beta of 1.39. The business has a fifty day simple moving average of $0.62 and a 200-day simple moving average of $0.65. TerrAscend has a 52 week low of $0.35 and a 52 week high of $1.45. The company has a quick ratio of 0.98, a current ratio of 1.51 and a debt-to-equity ratio of 2.66.
TerrAscend Company Profile
TerrAscend is a vertically integrated cannabis company that operates across cultivation, processing and retailing in North America. The company’s business model spans seed-to-sale activities, enabling it to manage quality control, production efficiency and product innovation from its growing facilities through to its distribution networks. TerrAscend serves both adult-use and medical cannabis markets, offering a full suite of cannabis derivatives including dried flower, concentrates, vapes, edibles, tinctures and topicals.
Geographically, TerrAscend maintains operations in key regulated markets.
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