TerrAscend Q2 FY26 net loss widens to USD 8.06 million; revenue rises 3% to USD 67.12 million

Reuters2026/08/06 20:43

By:Reuters

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TerrAscend posted a GAAP net loss of USD 8.06 million, narrowing from a USD 48.11 million loss a year earlier.
Revenue rose 3% to USD 67.12 million, while cost of sales fell 3% to USD 30.87 million.
G&A expense increased 9% to USD 22.85 million, mainly due to Union Chill acquisition costs and higher expected credit losses.
Provision for income taxes climbed 21% to USD 11.59 million, driven by interest and penalties tied to uncertain tax positions.
It issued USD 21.84 million of 2026 Private Placement Convertible Debentures, using USD 11.12 million to retire debentures that matured June 23, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TerrAscend Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-337940), on August 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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TerrAscend Q2 FY26 net loss widens to USD 8.06 million; revenue rises 3% to USD 67.12 million

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