TerrAscend Corp. reported net revenue of $65.1 million for Q3 2025, with a gross profit margin of 52.1% and positive cash flow from continuing operations. The company completed a $79 million refinancing and plans to divest Michigan assets by year-end. The financial results show steady progress and improved margins, with revenue stability and growth in key markets.

During Q3 2025, TerrAscend achieved positive cash flow and free cash flow for the 13th and 9th consecutive quarters, respectively. The company maintained its leadership position in New Jersey, with successful brand performances in multiple states. TerrAscend’s financial results reflect consistent growth and improvement in operational and business performance.

TerrAscend’s financial highlights for Q3 2025 include net revenue of $65.1 million, a gross profit margin of 52.1%, and an EBITDA of $14.3 million. Adjusted EBITDA was $17.0 million, indicating a 26.1% margin. The company also reported positive free cash flow of $4.9 million. These results demonstrate TerrAscend’s strong financial performance and strategic growth initiatives.

TerrAscend’s balance sheet as of September 30, 2025, showed $36.6 million in cash and cash equivalents. The company reported net cash provided by operations of $7.1 million and free cash flow of $4.9 million for the quarter. With an improved financial position and strong balance sheet, TerrAscend is well-positioned for potential state and federal regulatory developments.

TerrAscend’s operational highlights for Q3 2025 include maintaining leadership positions in key markets, launching new products, and achieving strong revenue growth in Maryland and Pennsylvania. The company’s disciplined M&A approach and focus on strategic opportunities contribute to its success and growth trajectory. TerrAscend’s continued operational excellence and financial performance drive its position as a leading cannabis company.

TerrAscend’s financial results reflect steady progress and positive performance in Q3 2025, with net revenue of $65.1 million and a gross profit margin of 52.1%. The company’s focus on operational efficiency, strategic growth initiatives, and strong financial management position it for continued success in the evolving cannabis industry landscape. Investors and stakeholders can access the full financial report and details on TerrAscend’s performance for further insights and analysis.

Read more at GlobeNewswire: TerrAscend Reports Third Quarter 2025 Financial Results