5 Cheap Pot Stocks To Buy

2. TerrAscend Corp. (OTC:TRSSF)

PE Ratio as of January 3: 3.70

TerrAscend Corp. (OTC:TRSSF) is a vertically integrated cannabis company that provides cannabis products and services to the Canadian and US markets. The company is focused on providing quality cannabis products and services to its customers, including medical and recreational cannabis, as well as hempderived cannabidiol (CBD) products. As of January 3, TerrAscend Corp. (OTC:TRSSF) is trading at a PE multiple of 3x and is placed high on our list of the best cheap pot stocks to buy now.

As of September 2022, Canaccord analyst Shaan Mir has a Buy rating and a $4.25 price target on TerrAscend Corp. (OTC:TRSSF).

On November 14, TerrAscend Corp. (OTC:TRSSF) reported earnings for the third quarter of fiscal 2023. The company reported a revenue of C$67.03 million, up 36.4% year over year, and an Adjusted EBITDA Margin of 16.9%, up from 8.9% in the previous quarter.

As of September 30, Tamarack Capital Management is the top shareholder in TerrAscend Corp. (OTC:TRSSF) and has a position worth $96,000 in the company.

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