
TerrAscend Corp. (CSE:TER)(OTCQX:TRSSF) reported its first-quarter financial results late Thursday, reporting net sales of $49.7 million, up 1% sequentially.
The gross profit margin was 30.5% for the period compared to 42.3% in the prior quarter. The adjusted gross profit margin was 38.4% versus 49.8% in the fourth quarter of fiscal 2021.