TerrAscend Q2 FY26 net loss widens to USD 8.06 million; revenue rises 3% to USD 67.12 million - TSNDF News | RalliesTerrAscend Q2 FY26 net loss widens to USD 8.06 million; revenue rises 3% to USD 67.12 million
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TSNDF• Q2 FY26 results
- TerrAscend posted a GAAP net loss of USD 8.06 million, narrowing from a USD 48.11 million loss a year earlier.
- Revenue rose 3% to USD 67.12 million, while cost of sales fell 3% to USD 30.87 million.
- G&A expense increased 9% to USD 22.85 million, mainly due to Union Chill acquisition costs and higher expected credit losses.
- Provision for income taxes climbed 21% to USD 11.59 million, driven by interest and penalties tied to uncertain tax positions.
Debenture issuance and debt retirement
- It issued USD 21.84 million of 2026 Private Placement Convertible Debentures, using USD 11.12 million to retire debentures that matured June 23, 2026.
