TerrAscend Stock (CSE: TER) (OTCQX: TRSSF) - Investor Dashboard
➔ TerrAscend | |||||
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CSE Ticker: | TER | ||||
OTCQX Ticker: | TRSSF |
Market Focus: | Global |
Classification: | Vertical Integration |
Country: | Canada |
Employees: | 646 as of 09/2020 |
Established: | 2014 |
CEO: | Jason Ackerman |
Summary
Fiscal Year-End: | December |
Facilities: | 2 |
Dried Flower: | Production and Sale |
Extracts: | Production and Sale |
Number of Patients: | N/A |
Headquarters: | Mississauga, ON |
Financials (09/30/20)
Cash on hand: | C$40.8 million |
Fixed Investment: | C$160.8 million |
Shareholders’ Equity: | C$107.7 million |
Revenues – Last Quarter: | C$51.0 million |
Adj. Gross Margin : | 59.0% |
EPS : | -C$0.11 |
Capital Structure (11/18/20)
Last Financing: | 18.12 million shares at C$12.35 |
As-Converted Shares: | 192.7 million |
Warrants: | 65.2 million |
Options: | 17.6 million |
Diluted Shares: | 290.8 million |
Company Brief
TerrAscend is a leading North American cannabis operator with vertically integrated operations in Pennsylvania, New Jersey and California in addition to operating as a licensed producer in Canada. TerrAscend operates an award-winning chain of Apothecarium dispensary retail locations as well as scaled cultivation, processing, and manufacturing facilities on both the East and West coasts. TerrAscend’s best-in-class cultivation and manufacturing practices yield consistent, high-quality cannabis, providing industry-leading product selection to both the medical and legal adult-use market.
The Company owns a number of synergistic businesses and brands, including The Apothecarium, Ilera Healthcare, State Flower, Valhalla Confections and Arise Bioscience Inc.
Highlights
- Multi-state operator in the U.S.; nationwide distributor of hemp-derived CBD products; Canadian LP with global distribution; and drug development and R&D platform
- Management comprised of leaders from healthcare, pharmaceutical, banking, cannabis, online grocery industries and CPG
- Strategic investors include Canopy Growth, Canopy Rivers, and JW Funds
- $80.5 million loan from strategic partner Canopy Growth
- Unique ability to sell THC and CBD products within Canada and the U.S.through TerrAscend’s manufacturing footprint
- Brand portfolio including premium cannabis Haven St., Valhalla Premium Edibles, Funky Farms CBD Extracts, Original Hemp, State Flower, and Ilera
Growth Strategy
- Multi-state operator (MSO) in the U.S. focused on key markets: Pennsylvania, New Jersey and California
- Canadian LP concentrating on production and manufacturing of cannabinoid products for medical and adult-use consumers; 40+ SKUs in the market (flower, vapes, tea and edibles)
- Focus on developing protectable intellectual property assets
- Creating quality brands that resonate with patients and consumers
- Plans to leverage The Apothecarium Dispensary brand and store model across the U.S.
- U.S. nationwide distribution of hemp-derived CBD products through Arise Bioscience; access to 10,000+ stores
Differentiators
- Proven consolidator with M&A expertise in the highly fragmented U.S. cannabis industry
- First operator with scaled operations in both the U.S. and Canada
- One of 12 vertically integrated entities in New Jersey; ability for 240,000 square feet of production and cultivation space and three retail licenses
- Top wholesale market share in Pennsylvania’s limited license market via Ilera Healthcare; 144,000 square feet of production and cultivation space and three open dispensaries
- 20,000 square feet of cultivation and production space, five open dispensaries in California market
Institutional Analyst Coverage
Glenn. G. Mattson
Ladenburg Thalmann
Eric Des Lauriers, CFA
Craig-Hallum Capital Group
Russell Stanley
Beacon Securities Limited
Noel Atkinson
Clarus Securities
Kenric S. Tyghe
AltaCorp Capital
Pablo Zuanice
Cantor Fitzgerald
Matt McGinley
Needham
Andrew Partheniou
Stifel | GMP
Andrew Semple
Echelon
Curated Stories & News
Visit TerrAscend, Inc.
at www.terrascend.com.
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