TerrAscend (OTCMKTS:TSNDF – Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01), Zacks reports. TerrAscend had a negative net margin of 31.01% and a negative return on equity of 32.93%.
TerrAscend Stock Down 5.6%
Shares of OTCMKTS:TSNDF traded down $0.03 during trading on Thursday, reaching $0.47. 421,720 shares of the company traded hands, compared to its average volume of 312,282. The firm has a fifty day simple moving average of $0.57 and a 200 day simple moving average of $0.63. The firm has a market cap of $143.77 million, a P/E ratio of -4.23 and a beta of 1.47. TerrAscend has a 1-year low of $0.35 and a 1-year high of $1.45. The company has a quick ratio of 1.20, a current ratio of 1.83 and a debt-to-equity ratio of 2.37.
About TerrAscend
TerrAscend Corp. is a North American cannabis company that cultivates, processes, manufactures and sells cannabis products through a combination of wholesale and retail operations. Its product portfolio includes flower, pre-rolls, concentrates, vape products, edibles, tinctures, topicals and other cannabis-derived products.
The company serves medical and adult-use cannabis markets in several U.S. states, including Pennsylvania, New Jersey, Maryland, Michigan, Ohio and California, as well as the Canadian market.
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