{"id":384804,"date":"2020-11-19T07:03:38","date_gmt":"2020-11-19T12:03:38","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=384804"},"modified":"2020-11-19T07:03:38","modified_gmt":"2020-11-19T12:03:38","slug":"terrascend-reports-record-third-quarter-2020-net-sales-of-51-million-and-adjusted-ebitda1-of-17-8-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/terrascend-reports-record-third-quarter-2020-net-sales-of-51-million-and-adjusted-ebitda1-of-17-8-million\/","title":{"rendered":"TerrAscend Reports Record Third Quarter 2020 Net Sales of $51 Million and Adjusted EBITDA(1) of $17.8 Million"},"content":{"rendered":"
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Canada NewsWire<\/p>\n<\/p><\/div>\n

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\n — Net sales increased 90% year-over-year to $51 million<\/span><\/i>\n <\/p>\n

\n — Adjusted EBITDA<\/i>
\n 1<\/sup>
\n \u00a0margin increased to 35% from 24% in Q2<\/i>\n <\/p>\n

\n — 2020 full year guidance increased to at least $196 million<\/span> in net sales from $192 million<\/span> and at least $54 million<\/span> of adjusted EBITDA<\/i>
\n 1<\/sup>
\n \u00a0from $45 million<\/span><\/i>\n <\/p>\n

\n — 2021 full year guidance initiated at $360<\/span>-380 million in net sales and $140<\/span>-160 million of adjusted EBITDA<\/i>
\n 1<\/sup>\n <\/p>\n

\n NEW YORK<\/span> and TORONTO<\/span>, Nov. 19, 2020<\/span> \/CNW\/ –\u00a0TerrAscend Corp. (“TerrAscend” or the “Company”) (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis operator, today reported financial results for its third quarter ending September 30<\/span>, 2020.\u00a0\u00a0 <\/p>\n

\n Third Quarter 2020 Financial Highlights
<\/b>(Unless otherwise stated, results are in Canadian dollars)<\/i><\/p>\n