Episode Details

In our latest Trade To Black podcast presented by Flowhub, hosts Shadd Dales and Anthony Varrell sit down with leadership from TerrAscend (TSX:TSND) to break down Q1 2026 preliminary earnings and what’s actually happening under the hood.Chairman Jason Wild and CEO Ziad Ghanem join us to walk through the numbers following their preliminary Q1 release.Revenue came in around $65.5M—slightly down quarter-over-quarter, but back to year-over-year growth. Margins? Still holding strong north of 52%. And maybe most important—this marks another quarter of positive operating cash flow in what continues to be a tough pricing environment across key markets like New Jersey.So what’s the strategy here?Are they protecting margins… or sacrificing growth?We get into that.We also break down:

• What’s really happening in New Jersey as pricing pressure builds
• Maryland dynamics—retail vs wholesale
• Pennsylvania as a potential adult-use catalyst
• And how they’re thinking about M&A with debt pushed out to 2028

Then we shift to the bigger story…Cannabis rescheduling.With the Trump administration making it official last week, we ask how TerrAscend is preparing for what looks like a very different operating environment.Does 280E relief change capital allocation?Do they get more aggressive?Or stay disciplined?If you’re following cannabis earnings, MSO strategy, or how operators are positioning for a post-rescheduling world—this is a conversation worth watching.#CannabisStocks #EarningsSeason #TerrAscend #TSND #CannabisNews #TradeToBlack #Flowhub #MSO #Investing #CannabisIndustry #CannabisRescheduling Want to see more Cannabis Reform?🎬    • White House Says Cannabis Is Popular | TDR...  🎬    • DEA Applications Now Open — Clock Started ...  🎬    • What Cannabis Rescheduling Actually Means ...  🎬    • Cannabis Rescheduling Is Now Official | TD...  Want to stay updated on Cannabis, Small Cap, AI, and Crypto?Subscribe to our Daily Baked newsletter:https://newsletter.thedalesreport.com...Find us on social media and podcast platforms:✅ Facebook:   / thedalesreport  ✅ Twitter:

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