TerrAscend (OTCMKTS:TRSSF) Stock Price Down 3% – What’s Next?

TerrAscend Corp. (OTCMKTS:TRSSF) shares dropped 3% during trading on Tuesday. The company traded as low as $0.47 and last traded at $0.4801. 155,976 shares were traded during mid-day trading, an increase of 19% from the average daily volume of 131,026 shares. The stock had previously closed at $0.4948.

TerrAscend Stock Down 3.0%

The company has a 50-day moving average price of $0.60 and a 200 day moving average price of $0.63. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.73 and a quick ratio of 0.40. The firm has a market capitalization of $120.92 million, a PE ratio of -3.43 and a beta of 2.89.

TerrAscend Company Profile

TerrAscend Corp. is a North American cannabis company that cultivates, processes, manufactures and sells cannabis products for medical and adult-use markets. Its operations include cannabis cultivation facilities, processing and manufacturing sites, and retail dispensaries.

The company offers a range of cannabis products, including flower, pre-rolls, concentrates, edibles, vape products and other manufactured goods. Its portfolio has included brands such as Kind Tree, Gage, The Apothecarium and Wana, with product availability varying by state and regulatory market.

TerrAscend serves regulated cannabis markets in the United States, including Pennsylvania, New Jersey, Maryland, Michigan and California, and has also maintained operations in Canada.