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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 $421M
LTM EBITDA $87.5M
$321M
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 (LTM) of $421M and a last 12-month EBITDA of $87.5M.
In the most recent fiscal year, TerrAscend achieved revenue of $225M and an EBITDA of $4.5M.
TerrAscend expects next 12-month revenue of XXX and NTM EBITDA of XXX
See TerrAscend valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $421M | XXX | $225M | XXX | XXX | XXX |
| Gross Profit | $207M | XXX | $110M | XXX | XXX | XXX |
| Gross Margin | 49% | XXX | 49% | XXX | XXX | XXX |
| EBITDA | $87.5M | XXX | $4.5M | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 2% | XXX | XXX | XXX |
| EBIT | $14.7M | XXX | $18.3M | XXX | XXX | XXX |
| EBIT Margin | 3% | XXX | 8% | XXX | XXX | XXX |
| Net Profit | -$77.6M | XXX | -$59.0M | XXX | XXX | XXX |
| Net Margin | -18% | XXX | -26% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $127M | XXX | XXX | XXX |
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As of July 16, 2025, TerrAscend's stock price is CAD 0 (or $0).
TerrAscend has current market cap of CAD 142M (or $104M), and EV of CAD 437M (or $321M).
See TerrAscend trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $321M | $104M | XXX | XXX | XXX | XXX | $-0.19 |
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Start Free TrialAs of July 16, 2025, TerrAscend has market cap of $104M and EV of $321M.
TerrAscend's trades at 1.4x EV/Revenue multiple, and 71.0x EV/EBITDA.
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 -1.8x.
See valuation multiples for TerrAscend and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $104M | XXX | $104M | XXX | XXX | XXX |
| EV (current) | $321M | XXX | $321M | XXX | XXX | XXX |
| EV/Revenue | 1.0x | XXX | 1.4x | XXX | XXX | XXX |
| EV/EBITDA | 5.0x | XXX | 71.0x | XXX | XXX | XXX |
| EV/EBIT | 29.8x | XXX | 17.6x | XXX | XXX | XXX |
| EV/Gross Profit | 2.1x | XXX | n/a | XXX | XXX | XXX |
| P/E | -1.8x | XXX | -1.8x | XXX | XXX | XXX |
| EV/FCF | 8.0x | XXX | 15.9x | 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.
Start Free TrialTerrAscend's last 12 month revenue growth is 0%
TerrAscend's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
TerrAscend's rule of 40 is -1% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
TerrAscend's rule of X is 20% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for TerrAscend and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 0% | XXX | 19% | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Growth | 9% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | -1% | XXX | 2% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 20% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 41% | 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 |
Valuation data powered by FactSet, Inc.
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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Start Free Trial| 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 $104M |
| What is the current revenue of TerrAscend? | TerrAscend's last 12 months revenue is $421M. |
| What is the current revenue growth of TerrAscend? | TerrAscend revenue growth (NTM/LTM) is 0%. |
| What is the current EV/Revenue multiple of TerrAscend? | Current revenue multiple of TerrAscend is 1.0x. |
| 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 $87.5M. |
| What is TerrAscend's EBITDA margin? | TerrAscend's last 12 months EBITDA margin is 21%. |
| What is the current EV/EBITDA multiple of TerrAscend? | Current EBITDA multiple of TerrAscend is 5.0x. |
| What is the current FCF of TerrAscend? | TerrAscend's last 12 months FCF is $54.7M. |
| What is TerrAscend's FCF margin? | TerrAscend's last 12 months FCF margin is 13%. |
| What is the current EV/FCF multiple of TerrAscend? | Current FCF multiple of TerrAscend is 8.0x. |
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