financetom
Forex World Market Business Cryptocurrency Commodities MAP
financetom
Business
financetom
/
Business
/
TerrAscend Fourth-Quarter Loss Widens as Sales Rise by 26%
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
TerrAscend Fourth-Quarter Loss Widens as Sales Rise by 26%
Mar 14, 2024 1:46 PM

04:25 PM EDT, 03/14/2024 (MT Newswires) -- TerrAscend ( TSNDF ) on Thursday said its fourth-quarter loss widened despite a 26% rise in sales.

The US cannabis company said it lost US$41.8 million in the period, compared with a loss of US$2.0 million in the year-prior quarter. Per share results were not provided.

Revenue rose to US$86.6 million from US$69.0 million.

"2023 was about operational excellence and strengthening the foundation. 2024 is about expansion by capitalizing on the current environment and entering into attractive states on accretive terms which would not have been possible two years ago," executive chair Jason Wild said in a release.

The company's shares closed down C$0.04 to C$2.15 on the Toronto Stock Exchange.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Mahindra, Volvo among corporations pushing for fossil fuel exit at COP28
Mahindra, Volvo among corporations pushing for fossil fuel exit at COP28
Oct 23, 2023
Companies are increasingly committing to their own timelines for reducing their emissions, but many acknowledge that their ability to slow planet-warming CO2 emissions is contingent on faster action from governments.
 This bank will cut bonus if employees don't come back to work
This bank will cut bonus if employees don't come back to work
Nov 22, 2023
ANZ managers have informed their respective teams about the new policy this week in generic emails, reaffirming the bank's expectation that staff devote at least half their working hours in the office each month, afr.com reported.
 Pakistan's national carrier resorts to flight cancellation owing to non-payment of dues
Pakistan's national carrier resorts to flight cancellation owing to non-payment of dues
Oct 23, 2023
The airline, which was once considered the pride of Pakistan and was the first international airline to be given access to fly to Beijing, is said to be suffering millions in losses on a daily basis.
 IMF warns Europe against prematurely declaring victory over inflation
IMF warns Europe against prematurely declaring victory over inflation
Nov 8, 2023
The Washington-based IMF said that cost of underestimating inflation’s persistence could be painfully high and result in another painful round of rate hikes that could rob the economy of a large chunk of growth.
About
Terms and Conditions Privacy policy Cookie Settings Contact Us
Services
Login register
financetom Market Personal Finance Business Economy Cryptocurrency MAP
Links
zpostcode Recruit weather mreligion Yellowpages sport constellation shopping name game directory literature Word tour furnish Lottery tftnews lyrics News digital car dir Edu Finance
Copyright 2023-2026 - www.financetom.com All Rights Reserved