That would actually be non-TurboQAM. I have seen a number of dual band, single stream adapters billed as N300.
You just have to see if it is dual band N300, or single band N300. If single band N300, then it has to be two radio streams, whether it is an external and an internal antenna or two radio chains sharing the same antenna. If it is dual band N300, odds are almost 100% it is just 150Mbps on each band (even though client adapters are not concurrent dual band, so calling a 150Mbps adapter that is dual band N300 is misleading at best).
TurboQAM single stream 2.4GHz 40MHz would only be 200Mbps, so at best you could call it N200 or some perverted thing like that.