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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.
2017
1.2K+
LTM Revenue $434M
LTM EBITDA $87.4M
$285M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
TerrAscend has a last 12-month revenue of $434M and a last 12-month EBITDA of $87.4M.
In the most recent fiscal year, TerrAscend achieved revenue of $215M and an EBITDA of $4.3M.
TerrAscend expects next 12-month revenue of XXX and NTM EBITDA of XXX
See TerrAscend valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $222M | $215M | XXX | XXX | XXX |
| Gross Profit | $71.0M | $112M | XXX | XXX | XXX |
| Gross Margin | 32% | 52% | XXX | XXX | XXX |
| EBITDA | -$0.7M | $4.3M | XXX | XXX | XXX |
| EBITDA Margin | 0% | 2% | XXX | XXX | XXX |
| Net Profit | -$213M | -$63.7M | XXX | XXX | XXX |
| Net Margin | -96% | -30% | XXX | XXX | XXX |
| Net Debt | $118M | $129M | XXX | XXX | XXX |
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As of April 15, 2025, TerrAscend's stock price is CAD 0 (or $0).
TerrAscend has current market cap of CAD 106M (or $73.8M), and EV of CAD 408M (or $285M).
See TerrAscend trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $285M | $73.8M | XXX | XXX | XXX | XXX | $-0.23 |
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Sign UpAs of April 15, 2025, TerrAscend has market cap of $73.8M and EV of $285M.
TerrAscend's trades at 0.9x LTM EV/Revenue multiple, and 4.7x LTM EBITDA.
Analysts estimate TerrAscend's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for TerrAscend and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $285M | XXX | XXX | XXX |
| EV/Revenue | 1.3x | XXX | XXX | XXX |
| EV/EBITDA | 66.3x | XXX | XXX | XXX |
| P/E | -1.3x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 14.9x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpTerrAscend's NTM/LTM revenue growth is -3%
TerrAscend's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, TerrAscend's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate TerrAscend's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for TerrAscend and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -3% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 2% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -700% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | -1% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 2% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 34% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 41% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Live Verdure | XXX | XXX | XXX | XXX | XXX | XXX |
| Ascend Wellness Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Ayr Wellness | XXX | XXX | XXX | XXX | XXX | XXX |
| Cresco Labs | XXX | XXX | XXX | XXX | XXX | XXX |
| Grown Rogue | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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TerrAscend acquired XXX companies to date.
Last acquisition by TerrAscend was XXXXXXXX, XXXXX XXXXX XXXXXX . TerrAscend acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| 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 1.2K+ employees. |
| Who is the CEO of TerrAscend? | TerrAscend's CEO is Mr. Ziad Ghanem. |
| Is TerrAscend publicy listed? | Yes, TerrAscend is a public company listed on TSE. |
| What is the stock symbol of TerrAscend? | TerrAscend trades under TSND ticker. |
| When did TerrAscend go public? | TerrAscend went public in 2017. |
| Who are competitors of TerrAscend? | Similar companies to TerrAscend include e.g. Live Verdure, Ascend Wellness Holdings, Ayr Wellness, Cresco Labs. |
| What is the current market cap of TerrAscend? | TerrAscend's current market cap is $73.8M |
| What is the current revenue of TerrAscend? | TerrAscend's last 12-month revenue is $434M. |
| What is the current EBITDA of TerrAscend? | TerrAscend's last 12-month EBITDA is $87.4M. |
| What is the current EV/Revenue multiple of TerrAscend? | Current revenue multiple of TerrAscend is 0.9x. |
| What is the current EV/EBITDA multiple of TerrAscend? | Current EBITDA multiple of TerrAscend is 4.7x. |
| What is the current revenue growth of TerrAscend? | TerrAscend revenue growth between 2023 and 2024 was -3%. |
| Is TerrAscend profitable? | Yes, TerrAscend is EBITDA-positive (as of the last 12 months). |
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