The cannabis firm reports sequential and year-over-year gains in revenue, margin, and adjusted EBITDA for Q2 2026.
TerrAscend reported Q2 2026 revenue of $67.1 million, exceeding expectations with sequential and year-over-year growth. Gross margin reached 54%, while adjusted EBITDA also improved from the prior quarter and year-ago period.
The company guided for 2% to 3% year-over-year revenue growth in Q3 2026. Q2 results reflect stronger operational performance amid ongoing consolidation efforts and discussions around a U.S. uplisting.
Management highlighted progress on share consolidation and uplisting plans, though no immediate market reaction was disclosed.