11:13 AM EST, 01/31/2025 (MT Newswires) -- TerrAscend ( TSNDF ) shares were last seen up 2.6% on Friday after the company said it anticipates reporting fourth quarter revenue of $74.4 million compared with $74.2 million in the prior quarter.

The cannabis company expects gross profit margin of 50.2% for its quarter ended Dec. 31, up 140 basis points compared with 48.8% in the third quarter of 2024.

TerrAscend ( TSNDF ) also expects a quarter-over-quarter decrease in general and administrative expenses and believes it will generate positive cashflow from operations in Q4.

"The fourth quarter results give us confidence in 2025 as we focus on driving operational efficiencies and growth in our core business while judiciously pursuing multiple greenfield expansion opportunities at increasingly attractive prices," said TerrAscend ( TSNDF ) Executive Chairman Jason Wild.

The company will host a conference call and report its fourth quarter and full year ended Dec. 31 results, on March 6.

Shares of the company were last seen up $0.02 at $0.80 on the Toronto Stock Exchange.

Price: 0.81, Change: +0.03, Percent Change: +3.85