Comparing AppHarvest (NASDAQ:APPH) & TerrAscend (OTCMKTS:TRSSF)

TerrAscend (OTCMKTS:TRSSFGet Rating) and AppHarvest (NASDAQ:APPHGet Rating) are both small-cap medical companies, but which is the better investment? We will contrast the two companies based on the strength of their dividends, risk, earnings, valuation, analyst recommendations, institutional ownership and profitability.

Profitability

This table compares TerrAscend and AppHarvest’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
TerrAscend N/A N/A N/A
AppHarvest -1,412.56% -29.33% -21.44%

Analyst Ratings

This is a summary of recent recommendations for TerrAscend and AppHarvest, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
TerrAscend 0 1 8 0 2.89
AppHarvest 0 0 3 0 3.00

TerrAscend presently has a consensus price target of $12.73, suggesting a potential upside of 238.20%. AppHarvest has a consensus price target of $8.50, suggesting a potential upside of 194.12%. Given TerrAscend’s higher probable upside, equities analysts plainly believe TerrAscend is more favorable than AppHarvest.

Valuation & Earnings

This table compares TerrAscend and AppHarvest’s gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
TerrAscend $210.42 million 3.30 $3.11 million N/A N/A
AppHarvest $9.05 million 32.60 -$166.19 million ($1.67) -1.74

TerrAscend has higher revenue and earnings than AppHarvest.

Institutional & Insider Ownership

45.6% of AppHarvest shares are held by institutional investors. 20.0% of AppHarvest shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Summary

TerrAscend beats AppHarvest on 7 of the 11 factors compared between the two stocks.

TerrAscend Company Profile (Get Rating)

TerrAscend Corp. cultivates, processes, and sells medical and adult use cannabis in Canada and the United States. It produces and distributes hemp-derived wellness products to retail locations; and manufactures cannabis infused artisan edibles. The company also operates three retail dispensaries under the Apothecarium brand name in California and Pennsylvania. In addition, it owns various synergistic under Gage Cannabis, Ilera Healthcare, Kind Tree, Prism, State Flower, Valhalla Confections, and Arise Bioscience Inc. brands. As of April 6, 2022, the company operated 26 dispensaries, including 3 Cookies dispensaries in Michigan and 1 in Toronto. TerrAscend Corp. was incorporated in 2017 and is based in Mississauga, Canada.

AppHarvest Company Profile (Get Rating)

AppHarvest, Inc., an applied agricultural technology company, develops and operates indoor farms to grow non-GMO produce free of chemical pesticide residues. Its products include tomatoes; and other fruits and vegetables, such as berries, peppers, cucumbers, and salad greens. The company was incorporated in 2018 and is based in Morehead, Kentucky.

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