Terrascend (TSE:TSND) has released an update.
TerrAscend, a leading North American cannabis company, reported a substantial increase in financial performance for the full year 2023, with net revenue up by 28% to $317.3 million and gross profit margin expanding to 50.3%. The company also achieved a significant 77.1% rise in Adjusted EBITDA to $68.8 million and delivered its first full year of positive cash flow from operations and free cash flow, marking a notable turnaround from the previous year.
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