TerrAscend Corp.(TSNDF.US)

TerrAscend Invests $13 Million for 35% Stake in Union Chill

TerrAscend Corp. has invested $13 million to acquire a 35% stake in Union Chill Cannabis Company LLC. The investment includes $9 million in convertible notes at 6.5% interest and $4 million in cash upon exercising the option. This deal supports New Jersey's regulatory framework for diversely owned businesses and will expand TerrAscend's retail presence to 20 dispensaries across five U.S. states and Canada. Union Chill generates over $11 million in annual revenue and is expected to enhance TerrAscend's EBITDA and cash flow.

Reddit Chief Accounting Officer Michelle Marie Reynolds Reports Disposal of Common Shares

Michelle Marie Reynolds, Chief Accounting Officer of Reddit Inc., reported a disposal of common shares of Reddit Inc. The full filing is available via EDGAR, the U.S. SEC's system.

Cannabis company TerrAscend Q3 revenue misses estimates

TerrAscend reported Q3 revenue of $65.1 million, missing analyst expectations of $66.03 million, and a net loss of $9.9 million from continuing operations. The company completed a $79 million refinancing and plans to exit the Michigan market by year-end. Despite the revenue miss, TerrAscend is evaluating strategic M&A opportunities and aims to benefit from potential regulatory changes. Maryland revenue grew 14.8% year-over-year. Analysts maintain a "buy" rating, with a median 12-month price target of C$2.00, reflecting a 51.5% upside from its recent closing price of C$0.97.

TerrAscend Corp. | 8-K: FY2025 Q3 Revenue: USD 65.1 M

TerrAscend Q3 Revenue USD 65.1 Million Vs. IBES Estimate USD 66 Million

Nov 06 (Reuters) - TerrAscend Q3 net income from cont. ops USD -9.9 million. * Q3 gross margin 52.1%