NEWS BRIEF







North American marijuana operator TerrAscend launched preliminary third-quarter monetary outcomes this week, indicating it expects to report a revenue and powerful revenue progress.

The Toronto- and New York-based firm launched unaudited monetary outcomes for its third quarter ended Sept. 30, exhibiting:

  • Adjusted EBITDA of practically 18 million Canadian {dollars} ($13.7 million), up 56% over the earlier quarter.
  • Sales of CA$51 million, up 8% from the earlier three-month interval.

TerrAscend – a licensed producer in Canada, with operations in California, New Jersey and Pennsylvania – will report its monetary outcomes upfront of a Nov. 19 convention name.

Most of the corporate’s gross sales are within the United States.

For the quarter ended June 30, TerrAscend’s web gross sales in Canada had been CA$5 million, in contrast with CA$42 million within the U.S.

Shares of TerrAscend commerce on the Canadian Stock Exchange beneath the ticker image TER.



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