TerrAscend Corp. (TSNDF) has finalized the second and final draw of $26 million from its $140 million senior secured term loan, further bolstering its financial standing. These funds will be used to reduce high-interest debt, particularly in Michigan, where TerrAscend is expanding its operations. The company now has no material debt maturing until late 2027.
TerrAscend Corp., a leading cannabis operator based in Canada, has announced a $10 million share repurchase program, marking its first such initiative. This move reflects the company’s strong financial performance, including a 7.5% year-over-year increase in net revenue during the second quarter. The buyback program highlights TerrAscend’s confidence in its future growth prospects and commitment to enhancing shareholder value.
