TerrAscend Stock Now Trades on TSX: This Week in Cannabis Investing

TerrAscend stock is the first plant-touching cannabis company to be officially listed on the Toronto Stock Exchange.

marijuana cannabis leaves
(Image credit: Getty Images)

Progress in the legal cannabis industry can materialize in a variety of ways. Sometimes, progress is achieved through several small victories. In other instances, progress is achieved through a singular, large-scale advancement. Recently, TerrAscend (TSNDF) became one public company that has taken both routes to achieve success.

Throughout the last year, TerrAscend has taken steps to improve its operational and structural capabilities. More recently, TerrAscend became the first U.S. plant-touching cannabis company to be officially listed on a Tier-1 exchange on the Toronto Stock Exchange (TSX).

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Morgan Paxhia
Contributing Writer

Morgan Paxhia is Managing Director and Co-Founder of Poseidon Investment Management. With over 10 years experience in investing and finance, Morgan has developed a deep understanding of individual company analysis, portfolio construction, and risk mitigation. This content is not intended to provide any investment, financial, legal, regulatory, accounting, tax or similar advice, and nothing should be construed as a recommendation by Poseidon Investment Management, LLC, its affiliates, or any third party, to acquire or dispose of any investment or security, or to engage in any investment strategy or transaction. An investment in any strategy involves a high degree of risk and there is always the possibility of loss, including the loss of principal. This content should not be considered as an offer or solicitation to purchase or sell securities or other services. Any of the securities identified and described herein are for illustrative purposes only.  Their selection was based upon nonperformance-based objective criteria. The content presented is believed to be factual and up-to-date, but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. Past performance is not indicative of future results.

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