#53: Resilience and Growth: TerrAscend's Valuable Lessons

In this Raz Report, Jason Wild explores TerrAscend's financial journey, discussing the impact of the TSX exchange listing, strategic challenges, and opportunities within the cannabis industry. Wild emphasizes the importance of tax strategies and TerrAscend's focus on profitability in Michigan. The report provides insights into Todd Harrison's support, highlighting TerrAscend's resilience and strategic positioning. Explore the chapters for a detailed look at the episode and listen to the full Raz Report! *TerrAscend Corp. Q3 2023 Financial Results, Net Revenue $89.2M, Adjusted EBITDA $24.2M* - https://www.benzinga.com/markets/cannabis/23/11/35717361/terrascend-corp-q3-2023-financial-results-net-revenue-89-2m-adjusted-ebitda-24-2m Takeaways: - Financial Progress: TerrAscend exhibits consistent financial growth with increased revenue and gross margins. - TSX Exchange Listing: The TSX listing marks a significant step, enhancing trading volume and global potential for TerrAscend. - Industry Challenges: Custody issues and prime broker reluctance pose unique challenges for cannabis companies, impacting the industry. - ETFs and Industry Impact: Anticipation surrounds the potential legalization of cannabis ETFs, offering more liquidity and investment options. - Tax Treatment and Strategy: TerrAscend strategically focuses on Michigan, aiming to demonstrate profitability and unlock value in other states amidst tax complexities. Chapters: 00:00 Introduction and Background 02:23 TerrAscend's Financial Progress 04:19 Listing on the TSX Exchange 05:46 Custody Issues and Prime Brokers 08:35 Potential Impact of ETFs on Cannabis Stocks 10:31 The Potential for Cannabis Stocks to Perform 13:18 The Impact of Rescheduling Cannabis 14:41 Tax Treatment of Cannabis Companies 18:22 TerrAscend's Strategy in Michigan 20:40 TerrAscend's Business Model and Brands 25:25 Todd Harrison's Support for TerrAscend 27:51 Jason Wild's Investment in TerrAscend 29:44 The Importance of Patience in Business 37:04 The Financial Crisis and Lessons Learned 40:53 Summary and Conclusion Follow us Online! 📸Instagram: www.instagram.com/benzinga 👍Facebook: www.facebook.com/Benzinga 📱TikTok: www.tiktok.com/@benzinga 🐤X: twitter.com/Benzinga Disclaimer: This program's information, material, and/or content is for informational purposes only. Investing in stocks, options, and futures is risky and unsuitable for all investors. Please consult your own independent financial adviser before making any investment decisions. #Benzinga #TheRazReport #finance #investing #retail #taxes #business #strategy #growth