TerrAscend Stock (CSE: TER) (OTCQX: TRSSF) - Investor Dashboard
| ➔ TerrAscend | |||||
|---|---|---|---|---|---|
| CSE Ticker: | TER | ||||
| OTCQX Ticker: | TRSSF | ||||
| Sector: | Healthcare |
| Industry: | Legal Cannabis |
| Country: | Canada |
| Employees: | 20 |
| Established: | 2014 |
| CEO: | Dr. Michael Nashat |
Summary
| Fiscal Year-End: | December |
| Facilities: | 1 |
| Dried Flower: | Production and Sale |
| Extracts: | Production |
| Number of Patients: | N/A |
| Headquarters: | Mississauga, ON |
Financials (09/30/18)
| Cash on hand: | $15.1mm |
| Fixed Investment: | $23.2 million |
| Shareholders’ Equity: | $69.4 million |
| Revenues – Last Quarter: | $1.8 million |
| Adj. Gross Margin : | 4.5% |
| EPS : | -0.03 |
Capital Structure (11/20/18)
| Last Financing: | 47.7 million units at $1.10 |
| Basic Shares: | 98.4 million |
| Warrants: | 49.1 million |
| Options: | 7.5 million |
| Diluted Shares: | 155.1 million |
Company Brief
TerrAscend is a biopharmaceutical and wellness company that is committed to quality products, brands and services for the global cannabinoid market.
TerrAscend strives to create and deliver quality products and services that meet the evolving needs of the cannabis market. The Company provides support to patients through its wholly-owned subsidiaries, TerrAscend Canada, a licensed producer of medical cannabis under the Access to Cannabis for Medical Purposes Regulations, and Solace Health Network Inc., a patient navigation and education platform led by health care professionals. The company also has a 50% stake in Solace Rx Inc., a drug preparation premises for non-cannabis formulations.
A Strong Growth Platform
Highlights
- Strategic investors include Canopy Growth, Canopy Rivers, and JW Asset management
- Licensed producer with significant processing, formulation and manufacturing capabilities
- Management comprised of leaders from healthcare, pharmaceutical, banking and cannabis industries
- Strong pharmaceutical and distribution expertise
- 67,300 sq. ft. facility in Greater Toronto Area, nearby Pearson International Airport
- Haven St. premium cannabis brand with 48 SKUs for the adult-use market in Canada
Growth Strategy
- Focus on developing protectable intellectual property assets
- Creating quality brands that resonate with patients and consumers
- Ensure the highest standard of ethics and corporate responsibility
- Invest in business streams that will utilize cannabinoids
- Planned entrance into the U.S. market supported by an agreement with Canopy Growth and Canopy Rivers
- Medical cannabis agreement with MCI Medical Clinics, which has 26 clinics and more than 2 million patients
- Acquired U.S. hemp products company Grander Distribution
Differentiators
- Pursuing U.S. cannabis markets
- Focused on creating differentiated products for the global cannabinoid market
- Experienced team with deep ties to global pharmaceutical distribution
- Developing drug preparation premises for non-cannabinoid formulations
- Leverage proximity to Toronto to distribute on behalf of third-party LPs, with same-day delivery capabilities
- Supply agreements with Ontario, British Columbia, Nova Scotia, and Prince Edward Island
The Four Pillars of TerrAscend
TerrAscend operates complementary business units that leverage its location, personnel, and strategic vision, providing a uniquely holistic business offering. TerrAscend believes that the cannabis space is much broader that just cultivating the crop, and as such, the company is working with strategic partners to develop businesses that complement the cannabis plant.
Advancing Research
- Emphasis on developing protectible intellectual property
- Advancing plant genetics and product formulations
- Pharma-grade manufacturing facility
Building Brands
- Developing trusted and recognized brands
- Addressing needs of multiple cannabis business streams
- Defining brands based on deep consumer insights
Promoting Responsibility
- Ensuring highest standard of ethics and corporate integrity
- Advocating responsible use of products
- Exceeding industry and regulatory standards
Optimizing Wellness
- Providing support for medical cannabis use
- Guiding cannabis selection and consumption preferences
- Enhancing the therapeutic application of cannabinoids
Curated Stories & News
Visit TerrAscend, Inc.
at www.terrascend.com.
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