Terrascend Corp T.TSND

Great progress getting ready for the USA expansion. ..

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BRIEF-TerrAscend Reports Qtrly Net Sales Increased 106% To $53.4 Mln

7:37AM ET on Wednesday May 19, 2021 by Thomson Reuters

Companies Mentioned: TER

 

May 19 (Reuters) - TERRASCEND:

* TERRASCEND - QTRLY NET SALES INCREASED 106% TO $53.4 MILLION; QTRLY LOSS PER SHARE $0.08

* TERRASCEND - QTRLY ADJUSTED EBITDA OF $22.6 MILLION VERSUS $3.7 MILLION; QTRLY ADJUSTED. GROSS PROFIT MARGIN INCREASED TO 65% VERSUS 45%

* TERRASCEND - RAISES FY 2021 GUIDANCE FOR NET SALES TO EXCEED $300 MILLION & ADJUSTED EBITDA TO EXCEED $128 MILLION

* TERRASCEND - PREPARING TO MEET REQUIREMENTS NECESSARY FOR SECURITIES TO BE TRADED ON A NATIONAL U.S. EXCHANGE SHOULD IT BECOME PERMISSIBLE BY LAW Source text for Eikon: [ID: nCNWgg5Vka] Further company coverage:

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Legislation coming tooooooooo.......... With Democrats in control of the Senate this session, Majority Leader Chuck Schumer (D-NY) doesn’t plan to jeopardize a marijuana legalization bill he’s working on by advancing a more modest cannabis banking measure first. In an interview with The Ringer that was released on Tuesday, the senator reiterated that he and his colleagues will be “introducing