TSNDF vs. VRNOF

Last updated Jun 3, 2026

TSNDF (TerrAscend Corp) and VRNOF (Verano Holdings Corp) are both stocks. Both operate in the Drug Manufacturers - Specialty & Generic industry within the Healthcare sector.

Performance

TSNDF vs. VRNOF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TerrAscend Corp (TSNDF) and Verano Holdings Corp (VRNOF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TSNDF

• 1D: -1.40%
• 1M: -4.21%
• YTD: -1.40%
• 6M: 33.94%
• 1Y: 105.77%
• 3Y*: -23.62%
• 5Y*: -42.69%
• 10Y*: —

VRNOF

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TSNDF vs. VRNOF - Yearly Performance Comparison

	2026 (YTD)
TSNDF TerrAscend Corp	5.24%
VRNOF Verano Holdings Corp	0.00%

Fundamentals

EPS TSNDF : -$0.27 VRNOF : -$0.96
PS Ratio TSNDF : 0.85 VRNOF : 0.47
Total Revenue (TTM) TSNDF : $255.10M VRNOF : $730.89M
Gross Profit (TTM) TSNDF : $134.12M VRNOF : $370.66M
EBITDA (TTM) TSNDF : $40.73M VRNOF : -$23.95M

Return for Risk

TSNDF vs. VRNOF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TSNDF

TSNDF Risk / Return Rank: 69
TSNDF Sharpe Ratio Rank: 61
TSNDF Sortino Ratio Rank: 77
TSNDF Omega Ratio Rank: 75
TSNDF Calmar Ratio Rank: 68
TSNDF Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TSNDF vs. VRNOF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TerrAscend Corp (TSNDF) and Verano Holdings Corp (VRNOF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	TSNDF	VRNOF	Difference
Sharpe ratio Return per unit of total volatility	0.62	—	—
Sortino ratio Return per unit of downside risk	2.19	—	—
Omega ratio Gain probability vs. loss probability	1.26	—	—
Calmar ratio Return relative to maximum drawdown	1.45	—	—
Martin ratio Return relative to average drawdown	2.45	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TSNDF	VRNOF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.62	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.09	—	—

Drawdowns

TSNDF vs. VRNOF - Drawdown Comparison

The maximum TSNDF drawdown since its inception was -98.47%, which is greater than VRNOF's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for TSNDF and VRNOF.

Drawdown Indicators

	TSNDF	VRNOF	Difference
Max Drawdown Largest peak-to-trough decline	-98.47%	0.00%	-98.47%
Max Drawdown (1Y) Largest decline over 1 year	-66.96%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-89.57%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-97.92%	—	—
Current Drawdown Current decline from peak	-95.47%	0.00%	-95.47%
Average Drawdown Average peak-to-trough decline	-66.64%	0.00%	-66.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.64%	—	—

Volatility

Volatility by Period

	TSNDF	VRNOF	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	125.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	171.83%	0.00%	+171.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	106.92%	0.00%	+106.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	95.08%	0.00%	+95.08%

Dividends

TSNDF vs. VRNOF - Dividend Comparison

Neither TSNDF nor VRNOF has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

TSNDF vs. VRNOF - Profitability Comparison

The chart below illustrates the profitability comparison between TerrAscend Corp and Verano Holdings Corp over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TSNDF - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, TerrAscend Corp reported a gross profit of 34.60M and revenue of 65.54M. Therefore, the gross margin over that period was 52.8%.

VRNOF - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Verano Holdings Corp reported a gross profit of 98.98M and revenue of 208.18M. Therefore, the gross margin over that period was 47.5%.

TSNDF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, TerrAscend Corp reported an operating income of 11.52M and revenue of 65.54M, resulting in an operating margin of 17.6%.

VRNOF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Verano Holdings Corp reported an operating income of 13.10M and revenue of 208.18M, resulting in an operating margin of 6.3%.

TSNDF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, TerrAscend Corp reported a net income of -8.00M and revenue of 65.54M, resulting in a net margin of -12.2%.

VRNOF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Verano Holdings Corp reported a net income of -17.82M and revenue of 208.18M, resulting in a net margin of -8.6%.