TerrAscend (OTCMKTS:TSNDF) Upgraded at Zacks Research

Zacks Research upgraded shares of TerrAscend (OTCMKTS:TSNDF) from a strong sell rating to a hold rating in a research note published on Tuesday,Zacks.com reports.

TerrAscend Stock Down 9.9%

OTCMKTS TSNDF opened at $0.55 on Tuesday. The business has a fifty day moving average price of $0.73 and a two-hundred day moving average price of $0.73. The stock has a market capitalization of $169.30 million, a PE ratio of -1.34 and a beta of 1.41. TerrAscend has a fifty-two week low of $0.23 and a fifty-two week high of $1.45. The company has a debt-to-equity ratio of 2.54, a current ratio of 1.56 and a quick ratio of 1.12.

TerrAscend Company Profile

TerrAscend is a vertically integrated cannabis company that operates across cultivation, processing and retailing in North America. The company’s business model spans seed-to-sale activities, enabling it to manage quality control, production efficiency and product innovation from its growing facilities through to its distribution networks. TerrAscend serves both adult-use and medical cannabis markets, offering a full suite of cannabis derivatives including dried flower, concentrates, vapes, edibles, tinctures and topicals.

Geographically, TerrAscend maintains operations in key regulated markets.