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TerrAscend Corp. (C:TER)

Business Focus: Alternative Medicine

Sector:  Healthcare Industry:  Pharmaceuticals
 
See Regulatory Filings on SEDAR
Company Contact
Address: 3610 Mavis Rd
MISSISSAUGA ON L5B 4A7
Tel: N/A
Website: https://terrascend.com
IR: See website
Key People
Jason Ackerman
Interim Chief Executive Officer, Executive Chairman of the Board
Adam Kozak
Chief Financial Officer
Heather Molloy
Executive Vice President, Chief Strategy Officer
Joanna Halligan
Vice President of Human Resources
Brian M. Feldman
General Counsel
 
Business Overview
TerrAscend Corp is a Canada-based company engaged in providing products, brands, and services to the cannabinoid market. The Company, through its subsidiary TerrAscend Canada Inc., is a producer of medical and adult use cannabis. It also operates through various businesses, including The Apothecarium, a cannabis dispensary with retail locations in California and Nevada; Arise Bioscience Inc., a manufacturer and distributor of hemp-derived products; Ascendant Laboratories Inc., a biotechnology and licensing company focused on cannabinoid expressing plants; Solace RX Inc., a Drug Preparation Premises (DPP) focused on the development of formulations and delivery forms; and Valhalla Confections, a manufacturer of premium cannabis-infused edibles.
Financial Overview
For the six months ended 30 June 2020, Terrascend Corp revenues increased from C$32.2M to C$82M. Net loss decreased 13% to C$25.9M. Revenues reflect United States segment increase from C$16M to C$73.2M. Lower net loss reflects Unrealized loss (gain) on investments decrease of 87% to C$333K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.59 to -C$0.18.
Reporting Currency: Canadian Dollars
Enterprise value: $641.21M as of Jun 30, 2020
Annual revenue (TTM): $134.74M as of Jun 30, 2020
EBITDA (TTM): -$8.64M as of Jun 30, 2020
Net annual income (TTM): -$211.90M as of Jun 30, 2020
Free cash flow (TTM): -$56.22M as of Jun 30, 2020
Net Debt Last Fiscal Year: $39.71M as of Jun 30, 2020
Shares outstanding: 99,336,211 as of Jun 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization