Quarterly ResultApr 27, 2026, 08:51 AM
TSNDF Q1 Net Revenue $65.5M; Gross Margin 52.8%
AI Summary
TerrAscend Corp. announced preliminary and unaudited financial results for the first quarter ended March 31, 2026. The company reported net revenue of $65.5 million and a gross profit margin of 52.8%. TerrAscend also noted its 15th consecutive quarter of positive cash flow from operations and mentioned the recent rescheduling of medical cannabis. An earnings conference call is scheduled for May 7, 2026, to discuss these results further.
Key Highlights
- Net Revenue for Q1 2026 totaled $65.5 million.
- Gross Profit Margin was 52.8% in Q1 2026.
- Generated Positive Cashflow from Operations for the 15th consecutive quarter.
- Q1 2026 Net Revenue compares to $66.1 million in Q4 2025 and $64.3 million in Q1 2025.
- Q1 2026 Gross Profit Margin compares to 52.1% in Q4 2025 and 53.9% in Q1 2025.
- General and Administrative expenses were flat quarter-over-quarter.
- Company will host an earnings conference call on May 7, 2026.