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S&P 500   3,852.36
DOW   32,920.46
QQQ   294.62
7 Safe Investments with Relatively High Returns for 2023
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Lucid Group's Buyout Rumors Continue
These AI, Cloud Stocks are Down Significantly, Not For Long
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Dividend King Sysco: Buying On The Dip 
Will Caterpillar Dig Its Way To Another Buying Opportunity? 
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Wall Street climbs to add more to its strong January
Verizon, Charter Trend Higher In Past Month: Are They Buys Now?
S&P 500   3,852.36
DOW   32,920.46
QQQ   294.62
7 Safe Investments with Relatively High Returns for 2023
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Lucid Group's Buyout Rumors Continue
These AI, Cloud Stocks are Down Significantly, Not For Long
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Dividend King Sysco: Buying On The Dip 
Will Caterpillar Dig Its Way To Another Buying Opportunity? 
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Wall Street climbs to add more to its strong January
Verizon, Charter Trend Higher In Past Month: Are They Buys Now?
S&P 500   3,852.36
DOW   32,920.46
QQQ   294.62
7 Safe Investments with Relatively High Returns for 2023
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Lucid Group's Buyout Rumors Continue
These AI, Cloud Stocks are Down Significantly, Not For Long
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Dividend King Sysco: Buying On The Dip 
Will Caterpillar Dig Its Way To Another Buying Opportunity? 
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Wall Street climbs to add more to its strong January
Verizon, Charter Trend Higher In Past Month: Are They Buys Now?
OTCMKTS:TRSSF

TerrAscend - TRSSF Stock Forecast, Price & News

$1.38
+0.13 (+10.44%)
(As of 01/31/2023 12:00 AM ET)
Add
Compare
Today's Range
$1.24
▼
$1.40
50-Day Range
$1.02
▼
$2.24
52-Week Range
$1.00
▼
$6.07
Volume
48,086 shs
Average Volume
349,374 shs
Market Capitalization
$346.46 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.57

TerrAscend MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
159.3% Upside
$3.57 Price Target
Short Interest
Healthy
0.21% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.14) to ($0.10) Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.96 out of 5 stars

See Top Rated MarketRank™ Stocks Here

TRSSF stock logo

About TerrAscend (OTCMKTS:TRSSF) Stock

TerrAscend Corp. produces and sells medical cannabis products. The firm owns several businesses and brands, including The Apothecarium, Ilera Healthcare, Kind Tree, Prism, State Flower, Valhalla Confections and Arise Bioscience Inc. The company was founded by Basem Hanna, Vijay Sappani and Michael Nashat on March 7, 2017 and is headquartered in Mississauga, Canada.

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TRSSF Stock News Headlines

January 30, 2023 | finance.yahoo.com
TerrAscend Closes on Acquisition of High-Performing Dispensary in Maryland
January 19, 2023 | finance.yahoo.com
Wana Brands Partners with TerrAscend to Bring its Best-In-Class Edibles to New Jersey and to Expand its Existing Line-Up in Maryland
February 1, 2023 | Investor Place Media (Ad)
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
January 11, 2023 | finance.yahoo.com
TerrAscend to Participate in the ATB Capital Markets 11th Annual Institutional Investor Conference
December 21, 2022 | finance.yahoo.com
TerrAscend Announces Amendment of Pennsylvania Credit Agreement
December 3, 2022 | benzinga.com
Where To Buy Legal Weed These Days: Five More Shops Launch Cannabis Sales In These States
December 2, 2022 | finance.yahoo.com
TerrAscend Appoints Seasoned Finance Professional, Ira Duarte, to Board of Directors
December 2, 2022 | finance.yahoo.com
TerrAscend and Cookies Celebrate the Grand Opening of Cookies Jackson
February 1, 2023 | Investor Place Media (Ad)
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
December 2, 2022 | benzinga.com
TerrAscend Appoints Ira Duarte To Board Of Directors
November 30, 2022 | benzinga.com
TerrAscend Reduces Outstanding Debt By $30M
November 30, 2022 | finance.yahoo.com
TerrAscend Reduces Outstanding Debt by US$30 Million
November 15, 2022 | finance.yahoo.com
TerrAscend Reports Third Quarter 2022 Financial Results
November 14, 2022 | benzinga.com
TerrAscend Reports 3Q 2022 Financial Results: Net Revenue Up 36.4% YoY
November 10, 2022 | finance.yahoo.com
Is a Surprise Coming for TerrAscend (TRSSF) This Earnings Season?
October 28, 2022 | benzinga.com
What's In The Cards For These Cannabis MSOs In Q3? Analyst's Thoughts Ahead Of Earnings Season
October 27, 2022 | finance.yahoo.com
TERRASCEND TO HOST THIRD QUARTER 2022 EARNINGS CONFERENCE CALL
October 26, 2022 | msn.com
Canopy Growth Transfers Its TerrAscend Assets To Canopy USA Company
October 25, 2022 | msn.com
Canopy Growth speeds up entry to U.S. cannabis market instead of waiting for federal ban to be lifted
October 20, 2022 | fool.com
3 Stocks to Invest in If Maryland Approves Adult-Use Cannabis Sales - The Motley Fool
October 17, 2022 | morningstar.com
Cannabis M&A cools but deals remain on the table despite scuttled Verano acquisition, analyst says - Morningstar
October 16, 2022 | fool.com
Which Company Will Become Profitable First: Canopy Growth or Aurora Cannabis? - The Motley Fool
October 12, 2022 | marketwatch.com
Cannabis company TerrAscend secures $45.5 mln loan with 12.8% interest rate - MarketWatch
October 12, 2022 | nasdaq.com
Which Cannabis Stocks Would Benefit Most From U.S. Federal Legalization? - Nasdaq
October 12, 2022 | finance.yahoo.com
TerrAscend Announces Closing of US$45.5 Million Non-Brokered Debt Financing - Yahoo Finance
October 12, 2022 | finance.yahoo.com
TerrAscend Announces Closing of US$45.5 Million Non-Brokered Debt Financing
October 12, 2022 | finance.yahoo.com
Pelorus Equity Group Closes US$45.5 Million Debt Financing with TerrAscend
See More Headlines
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TRSSF Company Calendar

Last Earnings
11/14/2022
Today
1/31/2023
Next Earnings (Estimated)
3/14/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
OTCMKTS
Industry
Agricultural production - crops
Sub-Industry
N/A
Sector
Medical
Current Symbol
OTCMKTS:TRSSF
CUSIP
N/A
CIK
1778129
Web
www.terrascend.com
Phone
(855) 837-7295
Fax
N/A
Employees
742
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$3.57
High Stock Price Forecast
$5.50
Low Stock Price Forecast
$2.00
Forecasted Upside/Downside
+159.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
8 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($1.34)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$3.11 million
Net Margins
-143.67%
Pretax Margin
-146.26%
Return on Equity
-8.24%
Return on Assets
-3.88%

Debt

Debt-to-Equity Ratio
0.77
Current Ratio
0.66
Quick Ratio
0.37

Sales & Book Value

Annual Sales
$210.42 million
Price / Sales
1.65
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$1.20 per share
Price / Book
1.15

Miscellaneous

Outstanding Shares
251,860,000
Free Float
140,237,000
Market Cap
$346.46 million
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Ziad Ghanem
    President & Chief Operating Officer
  • Keith Stauffer
    Chief Financial Officer
  • David Wheeler
    Chief Information Officer & Senior Vice President
  • Daniel Foley
    Treasurer & Senior Vice President
  • Jared Anderson
    Senior Vice President-Finance & Strategy

Key Competitors

View All Competitors













TRSSF Stock - Frequently Asked Questions

Should I buy or sell TerrAscend stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TerrAscend in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TRSSF shares.
View TRSSF analyst ratings or view top-rated stocks.

What is TerrAscend's stock price forecast for 2023?

8 brokerages have issued twelve-month price objectives for TerrAscend's shares. Their TRSSF share price forecasts range from $2.00 to $5.50. On average, they expect the company's stock price to reach $3.57 in the next year. This suggests a possible upside of 185.3% from the stock's current price.
View analysts price targets for TRSSF or view top-rated stocks among Wall Street analysts.

How have TRSSF shares performed in 2023?

TerrAscend's stock was trading at $1.13 at the beginning of the year. Since then, TRSSF shares have increased by 10.6% and is now trading at $1.25.
View the best growth stocks for 2023 here.

When is TerrAscend's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 14th 2023.
View our TRSSF earnings forecast.

How were TerrAscend's earnings last quarter?

TerrAscend Corp. (OTCMKTS:TRSSF) posted its earnings results on Monday, November, 14th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of ($0.06) by $0.13. The firm earned $67.03 million during the quarter, compared to analyst estimates of $67.84 million. TerrAscend had a negative trailing twelve-month return on equity of 8.24% and a negative net margin of 143.67%.

What is TerrAscend's stock symbol?

TerrAscend trades on the OTCMKTS under the ticker symbol "TRSSF."

How do I buy shares of TerrAscend?

Shares of TRSSF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is TerrAscend's stock price today?

One share of TRSSF stock can currently be purchased for approximately $1.25.

How much money does TerrAscend make?

TerrAscend (OTCMKTS:TRSSF) has a market capitalization of $314.83 million and generates $210.42 million in revenue each year. The company earns $3.11 million in net income (profit) each year or ($1.34) on an earnings per share basis.

How many employees does TerrAscend have?

The company employs 742 workers across the globe.

How can I contact TerrAscend?

TerrAscend's mailing address is PO Box 43125, Mississauga, ON L5B. The official website for the company is www.terrascend.com. The company can be reached via phone at (855) 837-7295 or via email at ir@terrascend.com.

This page (OTCMKTS:TRSSF) was last updated on 2/1/2023 by MarketBeat.com Staff