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An Analysis Of TerrAscend’s Q2 Earnings

By Shadd Dales On Aug 3, 2023

We’re looking at Q2 financial earnings on this episode of Trade to Black, as TerrAscend has had some exciting figures to share. Millennial entrepreneur Anthony Varrell, host Shadd Dales, and lead financial writer Benjamin A. Smith put their heads together to discuss the latest from TerrAscend, plus more recent news from Cresco Labs and Cybin.

TerrAscend (TSX: TSND) (OTCMKTS: TSNDF) is a cannabis company has 38 operating dispensaries. They also made some headlines earlier this summer when they listed on the Toronto Stock Exchange. The Q2 earnings report that followed was looking so good that they pre-announced it. Net revenue is forecasted to reach $72.1m, and the gross profit margin is expected to rise to about 50.2% compared to 48.8% in Q1.

Is this a good sign the cannabis industry is getting back on track? Or is this hike influenced by being listed in the TSX? We don’t think it’s just the TSX. TerrAscend’s been a darling in the space and has showed over seven sequential quarters of growth. Part of this, no doubt, owes to their operational efficiency. Hear all the figures and our thoughts when you tune into this episode.

Also big in the news right now: Cresco Labs announced the termination of the $2b merger deal with Columbia Care. What on earth happened? Was this an inevitable decision due to delays in cannabis legislation? We’ll dig into that and speculate on what went sour in the deal and what might be next for Cresco Labs.

We’ll also take a brief look at other newsworthy happenings. Coinbase has been deemed not a security. Is the SEC well and truly thwarted? In the world of psychedelics, Cybin recently announced its public offering at a discounted share price for common shares at 40 cents for 5 years. What’s in it for investors and shareholders, and how does this strategy work? And football season is coming – which of course means betting season. We’re keeping an eye on those NFL updates.

Here’s the latest.

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* In accordance with an executed agreement between The Dales Report and TerrAscend, The Dales Report is engaged with the aforementioned on a 6-month contract for $7,500 per month, with the purpose of publicly disseminating information pertaining to TerrAscend via The Dales Report’s media assets, encompassing its website, diverse social media platforms, and YouTube channel. Compensation for The Dales Report services involves the receipt of a predefined monetary consideration, which may, on certain occasions, encompass ordinary shares in instances where monetary compensation was not obtained. In such instances where share compensation was received, The Dales Report hereby asserts the right to engage in the acquisition or disposition of such shares subsequent to the conclusion of the aforementioned contractual period, in compliance with provincial, state, and federal securities regulations. Please refer to the “Disclosures” section below, which is to be interpreted in conjunction with this disclaimer.

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Shadd Dales

Shadd Dales is the Founder and President of The Dales Report and has an extensive background in the business media industry.

His work translates into over 15 years in mainstream media that included roles with BNN Bloomberg, CTV Properties and the iHeart Radio Network.

Shadd is considered one of the leading on air talents in both the cannabis and psychedelic space and has interviewed some of the most notable CEO names in the industry.

Shadd’s vision is to establish a content platform that is equivalent to a mainstream broadcast produced in a format that is relevant for today’s investor.