Earnings ·
TerrAscend reports Q3 net revenue of $68.2M and $6.1M free cash flow
TSNDFTerrAscend Corp.
TerrAscend Corp. reported third-quarter 2026 financial results showing net revenue of $68.2 million, a 4.8% increase from the prior year period. Gross profit margin expanded to 52.3%, up 20 basis points year-over-year. The company posted a GAAP net loss of $5.5 million from continuing operations, compared to a $9.9 million loss in Q3 2025. Adjusted EBITDA reached $17.5 million, while free cash flow was $6.1 million, marking the thirteenth consecutive quarter of positive free cash flow. The company also announced the completion of its acquisition of Aunt Mary’s dispensary in New Jersey and authorized a renewal of its normal course issuer bid to repurchase up to 10 million shares or $10 million. TerrAscend is a leading North American cannabis operator with cultivation, manufacturing, and retail operations across multiple U.S. states and Canada.