North American cannabis operator TerrAscend released preliminary third quarter financial results this week, indicating it expects to report a profit and strong revenue growth.
The Toronto and New York-based company released unaudited financial results for its third quarter ended Sept. 30, showing:
- Adjusted EBITDA of nearly 18 million Canadian dollars ($13.7 million), up 56% over the previous quarter.
- Sales of CA$51 million, up 8% from the prior three-month period.
TerrAscend – a licensed producer in Canada, with operations in Pennsylvania, New Jersey and California – will report its financial results in advance of a Nov. 19 conference call.
Most of the company’s sales are in the United States.
For the quarter ended June 30, TerrAscend’s net sales in Canada were CA$5 million, compared to CA$42 million in the U.S.
Shares of TerrAscend trade on the Canadian Stock Exchange under the ticker symbol TER.
Source link
English
Arabic
Chinese (Simplified)
Dutch
French
German
Italian
Portuguese
Russian
Spanish