TerrAscend Launches $10M Share Repurchase Program Amid Strong Q2 Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 20 2024
0mins
Source: Benzinga
TerrAscend's Share Buyback Program: TerrAscend Corp. has authorized a $10 million share repurchase program, allowing the buyback of up to 10 million shares over the next year, reflecting confidence in the company's future growth and commitment to enhancing shareholder value.
Strong Financial Performance: The announcement follows a strong second quarter with a 7.5% increase in net revenue to $77.5 million, alongside a solid balance sheet bolstered by a recent $140 million term loan, positioning the company well for strategic expansions without major debt until 2027.
Discover Tomorrow's Bullish Stocks Today
Receive free daily stock recommendations and professional analysis to optimize your portfolio's potential.
Sign up now to unlock expert insights and stay one step ahead of the market trends.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
