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TerrAscend Valuation Multiples
Discover revenue and EBITDA valuation multiples for TerrAscend and similar public comparables like Organigram Global, Aurora Cannabis, High Tide, Ispire Technology and more.
TerrAscend Overview
About TerrAscend
TerrAscend Corp is a company focused on creating and delivering quality cannabis products and services that meet the evolving needs of its patients. It also provides education and support programs to physicians and patients through healthcare professionals. In addition, the Company has retail operations in Ontario, Canada, with a majority-owned dispensary in Toronto, Ontario, Canada. It has one operating segment, being the cultivation, production, and sale of cannabis products, with subsidiaries located in Canada and the United States.
Founded
2017
HQ
Employees
1.2K
Website
Financials (LTM)
EV
$400M
TerrAscend Financials
TerrAscend reported last 12-month revenue of $261M and EBITDA of $68M.
In the same LTM period, TerrAscend generated $136M in gross profit, $68M in EBITDA, and had net loss of ($22M).
Revenue (LTM)
TerrAscend P&L
In the most recent fiscal year, TerrAscend reported revenue of $307M and EBITDA of $6M.
TerrAscend expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $261M | XXX | $307M | XXX | XXX | XXX |
| Gross Profit | $136M | XXX | $150M | XXX | XXX | XXX |
| Gross Margin | 52% | XXX | 49% | XXX | XXX | XXX |
| EBITDA | $68M | XXX | $6M | XXX | XXX | XXX |
| EBITDA Margin | 26% | XXX | 2% | XXX | XXX | XXX |
| EBIT Margin | 16% | XXX | 8% | XXX | XXX | XXX |
| Net Profit | ($22M) | XXX | ($80M) | XXX | XXX | XXX |
| Net Margin | (9%) | XXX | (26%) | XXX | XXX | XXX |
| Net Debt | — | — | $173M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
TerrAscend Stock Performance
TerrAscend has current market cap of $183M, and enterprise value of $400M.
Market Cap Evolution
TerrAscend's stock price is $0.60.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $400M | $183M | 0.0% | XXX | XXX | XXX | $-0.26 |
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Start Free TrialTerrAscend Valuation Multiples
TerrAscend trades at 1.5x EV/Revenue multiple, and 5.9x EV/EBITDA.
EV / Revenue (LTM)
TerrAscend Financial Valuation Multiples
As of March 16, 2026, TerrAscend has market cap of $183M and EV of $400M.
Equity research analysts estimate TerrAscend's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
TerrAscend has a P/E ratio of (8.3x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $183M | XXX | $183M | XXX | XXX | XXX |
| EV (current) | $400M | XXX | $400M | XXX | XXX | XXX |
| EV/Revenue | 1.5x | XXX | 1.3x | XXX | XXX | XXX |
| EV/EBITDA | 5.9x | XXX | 65.0x | XXX | XXX | XXX |
| EV/EBIT | 9.6x | XXX | 16.1x | XXX | XXX | XXX |
| EV/Gross Profit | 2.9x | XXX | 2.7x | XXX | XXX | XXX |
| P/E | (8.3x) | XXX | (2.3x) | XXX | XXX | XXX |
| EV/FCF | 30.5x | XXX | 14.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified TerrAscend Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
TerrAscend Margins & Growth Rates
TerrAscend's revenue in the last 12 month grew by 2%.
TerrAscend's revenue per employee in the last FY averaged $0.2M.
TerrAscend's rule of 40 is 28% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
TerrAscend's rule of X is 31% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
TerrAscend Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | (15%) | XXX | XXX | XXX |
| EBITDA Margin | 26% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Growth | (0%) | XXX | 1002% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 28% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 31% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 34% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 41% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
TerrAscend Public Comps
See public comps and valuation multiples for other Cannabis comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Organigram Global | XXX | XXX | XXX | XXX | XXX | XXX |
| Aurora Cannabis | XXX | XXX | XXX | XXX | XXX | XXX |
| High Tide | XXX | XXX | XXX | XXX | XXX | XXX |
| Ispire Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| Ascend Wellness Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
TerrAscend M&A Activity
TerrAscend acquired XXX companies to date.
Last acquisition by TerrAscend was on XXXXXXXX, XXXXX. TerrAscend acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by TerrAscend
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialTerrAscend Investment Activity
TerrAscend invested in XXX companies to date.
TerrAscend made its latest investment on XXXXXXXX, XXXXX. TerrAscend invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by TerrAscend
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout TerrAscend
| When was TerrAscend founded? | TerrAscend was founded in 2017. |
| Where is TerrAscend headquartered? | TerrAscend is headquartered in Canada. |
| How many employees does TerrAscend have? | As of today, TerrAscend has over 1K employees. |
| Who is the CEO of TerrAscend? | TerrAscend's CEO is Ziad Ghanem. |
| Is TerrAscend publicly listed? | Yes, TerrAscend is a public company listed on OTC Pink Sheets. |
| What is the stock symbol of TerrAscend? | TerrAscend trades under TSNDF ticker. |
| When did TerrAscend go public? | TerrAscend went public in 2017. |
| Who are competitors of TerrAscend? | TerrAscend main competitors are Organigram Global, Aurora Cannabis, High Tide, Ispire Technology. |
| What is the current market cap of TerrAscend? | TerrAscend's current market cap is $183M. |
| What is the current revenue of TerrAscend? | TerrAscend's last 12 months revenue is $261M. |
| What is the current revenue growth of TerrAscend? | TerrAscend revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of TerrAscend? | Current revenue multiple of TerrAscend is 1.5x. |
| Is TerrAscend profitable? | Yes, TerrAscend is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of TerrAscend? | TerrAscend's last 12 months EBITDA is $68M. |
| What is TerrAscend's EBITDA margin? | TerrAscend's last 12 months EBITDA margin is 26%. |
| What is the current EV/EBITDA multiple of TerrAscend? | Current EBITDA multiple of TerrAscend is 5.9x. |
| What is the current FCF of TerrAscend? | TerrAscend's last 12 months FCF is $13M. |
| What is TerrAscend's FCF margin? | TerrAscend's last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of TerrAscend? | Current FCF multiple of TerrAscend is 30.5x. |
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