TerrAscend Corp. (TER) (
CSE.TER) – a leading North American cannabis operator – has announced preliminary financial results for its Q4 and full year ending December 31, 2020. All amounts are in Canadian dollars. Based on a preliminary, unaudited review, the Company anticipates:
Fourth Quarter and Full Year 2020 Financial Highlights:
- Full year net sales of $198 million and adjusted EBITDA of $60 million
- Fourth quarter net sales of $65 million representing growth of 28% quarter-over-quarter and 152% year-over-year.
- Fourth quarter adjusted EBITDA of $26 million representing growth of 46% quarter-over-quarter.
- Fourth quarter adjusted EBITDA margin of 40% expanding from 35% in Q3 and 24% in Q2.
Full news release
here.
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