TerrAscend Expands Footprint Despite Q3 Losses, Can A Move To Ohio Turn The Tide?
TerrAscend Expands Footprint Despite Q3 Losses, Can A Move To Ohio Turn The Tide?
Positive Cash Flow Amid Market Challenges
市场挑战中的现金流为正
TerrAscend Corp. (OTC:TSNDF) reported its third-quarter revenue of $74.2 million Wednesday afternoon marking a 4.3% sequential decline, mainly attributed to reduced wholesale sales in New Jersey and retail sales in Michigan. Gross profit totaled $36.2 million, resulting in a gross margin of 48.8%, a slight increase from the previous quarter, driven by operational improvements in Maryland.
TerrAscend公司(场外交易股票:TSNDF)周三下午公布了其第三季度营收7420万美元，较上季度下降4.3%，主要归因于新泽西州批发销售和密歇根州零售销售的减少。毛利润总额为3620万美元，毛利率为48.8%，比上一季度略有增加，受马里兰州运营改善推动。
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Navigating Losses And Operational Costs
应对亏损和经营成本
Net loss from continuing operations rose to $21.4 million, a jump from $6.2 million in the previous quarter, impacted by various one-time non-cash adjustments and increased administrative costs. Adjusted EBITDA was $13.7 million, down from $15.6 million, with the adjusted EBITDA margin slipping to 18.5%. Despite these challenges, TerrAscend achieved its ninth consecutive quarter of positive cash flow, generating $1.8 million from operations.
持续经营净损失增至2140万美元，较上一季度的620万美元大幅上升，受各种一次性非现金调整和增加的行政成本影响。调整后的EBITDA为1370万美元，低于1560万美元，调整后的EBITDA利润率下滑至18.5%。尽管面临这些挑战，TerrAscend实现了第九个连续季度的正现金流，从业务中获得180万美元。
Strategic Financial Moves Support Expansion
支持扩张的战略财务举措
The company recently secured a $140 million senior loan maturing in 2028, carrying a 12.75% interest rate, with no warrants or prepayment penalties. Executive chair Jason Wild emphasized TerrAscend's "ability to execute on growth strategy," including expansion into Ohio through a newly signed acquisition agreement. With $27.2 million in cash on hand, TerrAscend continues to pursue growth and strengthen its U.S. retail presence, particularly in Ohio and Maryland.
公司最近获得了一笔到期日为2028年的14000万美元高级贷款，利率为12.75%，不附带任何权证或提前偿还惩罚。执行主席Jason Wild强调了TerrAscend"执行增长策略的能力"，包括通过新签署的收购协议扩张至俄亥俄州。持有2720万美元现金，TerrAscend继续追求增长，加强其美国零售业务存在，特别是在俄亥俄州和马里兰州。
