TerrAscend Shares Slide 11.8% to C$0.95 on 258,905-Share Volume

TERTER

TerrAscend shares dropped 11.8% to trade as low as C$0.95 before closing at C$0.97 on Tuesday. Approximately 258,905 shares changed hands during mid-day trading after a C$1.10 close the previous session.

1. TerrAscend Shares Plunge on Heavy Trading

TerrAscend Corp. experienced an 11.8% decline in share value during Tuesday’s session, driven by elevated trading activity. Approximately 258,905 shares changed hands by mid-day, marking a volume nearly twice its ten-day daily average. The stock opened modestly above the C$1.00 mark but reached a session low before rallying slightly. Investors reacted sharply to recent quarterly results that showed revenue growth falling short of consensus estimates, while adjusted EBITDA margins contracted by more than 300 basis points year-over-year. Market participants will be closely monitoring management’s upcoming investor call for updated guidance on operating expenses and market expansion plans in key U.S. and Canadian jurisdictions.

Sources

DZ