TerrAscend Corp. (OTCQX: TRSSF) reported its financial results Thursday afternoon for the fourth quarter and full year ended December 31, 2022.
Q4 financial highlights include:
- Net Revenue was $69.0 million, an increase of 4.2% sequentially and 50.3% year-over-year.
- Gross Profit Margin was 44.6%, compared to 47.0% in Q3 2022 and 49.1% in Q4 2021.
- Adjusted Gross Profit Margin1 was 45.3%, compared to 47.8% in Q3 2022 and 52.9% in Q4 2021.
- GAAP Net loss from continuing operations was $2.0 million, compared to a net loss of $300.6 million in Q3 2022 and a net loss of $1.2 million in Q4 2021. As previously reported, a $331.2 non-cash impairment charge was recorded in Q3 2022 against goodwill and intangibles for the Company's Michigan business, which …