TerrAscend (OTCMKTS:TSNDF – Get Free Report) posted its quarterly earnings data on Thursday. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $68.21 million for the quarter, compared to analyst estimates of $66.85 million.
TerrAscend Price Performance
Shares of TSNDF opened at $0.49 on Friday. The business’s 50-day moving average is $0.57 and its two-hundred day moving average is $0.62. The company has a market capitalization of $151.50 million, a P/E ratio of -4.45 and a beta of 1.47. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.20 and a current ratio of 1.83. TerrAscend has a fifty-two week low of $0.35 and a fifty-two week 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.
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