TerrAscend Corp (OTCPK:TSNDF)

Q3 2025 Terrascend Corp Earnings Call Transcript

Nov 6, 2025 / 01:30 PM GMT

Release Date Price: $0.5902 (-13.73%)

Transcript 8-K10-Q

Key Points

Positve

TerrAscend Corp (TSNDF) reported a consistent revenue of $65.1 million for Q3 2025, maintaining stability year over year.
The company achieved a 13th consecutive quarter of positive cash flow from continuing operations and a 9th consecutive quarter of positive free cash flow.
Gross margins improved by 110 basis points year over year to 52.1%, with adjusted EBITDA margin increasing to 26.1%.
TerrAscend Corp (TSNDF) maintained a leadership position in key markets like New Jersey, with significant retail and wholesale revenue stability.
The company successfully completed a $79 million non-dilutive upsizing to its senior secured syndicated term loan, extending debt maturity to late 2028 and providing additional funds for strategic M&A.

Negative

Net revenue for Q3 2025 was slightly down compared to Q3 2024, indicating a challenge in achieving revenue growth.
Wholesale revenue declined by 6.7% year over year, driven by a decline in New Jersey, despite sequential increases.
The company reported a GAAP net loss from continuing operations of $9.9 million for Q3 2025.
There was a delay in closing the Union Chill dispensary transaction in New Jersey due to regulatory issues.
The M&A environment remains competitive, with potential challenges in acquiring additional dispensaries in New Jersey and Ohio.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TSND.TO - Terrascend Corp
Q3 2025 Terrascend Corp Earnings Call
Nov 06, 2025 / 01:30PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good morning ladies and gentlemen, and welcome to the Terraan Corp 3rd quarter 2025 financial results. At this time, all lines are in listen-only mode.

Following the presentation, we will conduct a question-and-answer session. If at any time during this call you require immediate assistance, please press 0 for the operator.

This call is being recorded on Wednesday, November 6, 2025. I would now like to turn the conference over to Walter Pinto. Please go ahead.

--------------------------------------------------------------------------------
Unidentified_2 [2]
--------------------------------------------------------------------------------
Thank you, operator and good morning. Welcome to the Terrason 3rd

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.