Canada's TerrAscend Q1 revenue rises 1.9%, slightly beats estimates

Terrascend

07/05/2026 12:19

Overview

Canada cannabis operator's Q1 revenue rose 1.9% yr/yr, slightly beating analyst expectations

Loss per share was wider than analyst expectations

Company posted fifteenth consecutive quarter of positive cash flow from continuing operations

Outlook

Company expects U.S. cannabis rescheduling to improve profitability and lower cost of capital over time

TerrAscend expanding Pennsylvania production capacity for new product launches and potential adult-use legalization

Company anticipates broader U.S. cannabis rescheduling could expand access to institutional capital

Result Drivers

RETAIL GROWTH - Sequential retail revenue growth helped offset a decline in wholesale revenue, supporting overall net revenue increase

MARKET SHARE GAINS - Company cited market share gains in Maryland and Pennsylvania, driven by growth across core brands and strong retail execution

COST MANAGEMENT - Lower general and administrative expenses as a percentage of revenue reflected ongoing cost optimization

Company press release: ID:nGNX88dMXL

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$65.50 mln
$65.33 mln (3 Analysts)
Q1 EPS
Miss
-$0.03
-$0.01 (3 Analysts)
Q1 Gross Margin
52.80%
Q1 Net Income from Cont. Ops
-$6.80 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)