Investor Presentation
General & Administrative Expenses*
% Rev
$18.1
Q1 2022
37.2%
4 TERRASCEND
G&A
(in millions, US$)
$33.6
$23.7*
Q4 2022
48.7%
CSE: TER | OTCQX: TRSSF
$26.0
$24.1**
Q1 2023
37.6%
First Quarter Highlights
• General & Administrative Expenses: $26.0M versus $33.6M in
Q4 2022
• % of Revenue : 37.6% versus 48.7% of revenue, in Q4 2022
Sequential decline mainly due to a previously disclosed one-time
bad debt expense of $9.9M recorded in Q4 2022
*
Excluding one-time items, operating expenses up slightly quarter
over quarter, primarily driven by acquisition of AMMD
• Stock based compensation was $1.7M in Q1 versus $1.6M in the
previous quarter
Excluding stock-based compensation and Amortization and Depreciation
** Excluding one time items
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