Bullboard - Stock Discussion Forum Terrascend Corp TSNDF

Primary Symbol: T.TSND

Healthcare Cannabis

TerrAscend Corp. is a Canada-based cannabis company. The Company provides cannabis products, brands, and services to the United States and Canadian cannabinoid markets. It operates in Pennsylvania, New Jersey, Maryland, Michigan and California through TerrAscend Growth Corp. (TerrAscend Growth) and retail operations in Canada. The Company operates The Apothecarium and Gage dispensary retail... see more

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TSX:TSND - Post Discussion

Terrascend Corp > Poor Results

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Post by Bullknit101 on May 13, 2022 7:55am

Poor Results

Dr. James V. Baker @caster561 The superior cannabis revenue growth thesis suffered another body blow when $TRSSF reported its Q1 2022 YOY revenue growth was NEGATIVE 7.4% & its per share rate of YOY revenue growth was NEGATIVE 24.4%. Painfully, its YOY gross profit margin fell from 65.5% to 30.5%. #Cannabis 5:35 AM May 13, 2022Twitter Web App

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Comment by therivercard on May 17, 2022 4:59pm

If you factor out the one time expansion related costs in NJ & Md & the rectified PA product recall, the results look more like a wash with all of the upside sales growth expectations to factor in for 22Q2-Q4 and beyond. During the conference Wild and the other management members explained these Q1 sped bumps while at the same time expressing their excitement going forward as an ...more

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