In this RazReport, 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 RazReport 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 RazReport!
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.
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