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Trulieve Cannabis Corp (TCNNF)

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Last Post: 3/2/2021 9:24:56 AM - Followers: 171 - Board type: Free - Posts Today: 2



Trulieve is a vertically integrated "seed-to-sale" company and is the first and largest fully licensed medial cannabis company in the State of Florida. Trulieve cultivates and produces all of its products in-house and distributes those products to Trulieve-branded stores (dispensaries) throughout the State of Florida, as well as directly to patients via home delivery. Trulieve also operates in California, Massachusetts and Connecticut. Trulieve is listed on the Canadian Securities Exchange under the symbol TRUL and on the OTC Markets under the symbol TCNNF.



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FOR IMMEDIATE RELEASE September 24, 2018 Trulieve Achieves Significant Growth in the Second Quarter of 2018 Quincy, Florida - Trulieve Cannabis Corp. (CSE: TRUL) (“Trulieve” or the “Company”) today announces its financial results for the three and six-month periods ended June 30, 2018.

The Company’s second quarter 2018 financial statements have been filed as part of its listing statement with the Canadian Securities Exchange (“CSE”). This news release is not in any way a substitute for reading those financial statements, including the notes to the financial statements. Unless otherwise stated, all currency is expressed in U.S. dollars.

Q2 2018 Highlights -

16 dispensaries in operation
83,000 active unique patients
Revenue grew from $15.2 million in Q1 2018 to $23.3 million in Q2 2018.
EBITDA increased from $11.2 million in Q1 2018 to $14.3 million in Q2 2018

“The second quarter of 2018 demonstrated our ability to scale our business profitably with growth in dispensaries and patients served driving growth in revenue and EBITDA ,” said Kim Rivers, CEO of Trulieve. “This momentum is continuing in the current quarter and we expect strong results throughout 2018.”

Results of Operations (millions of U.S. dollars) 2017 2018 Q1 % change 2018 Q2 Total Revenue 19.8 15.2 53.3 23.3 Gross Margin2 8.7 10.7 61.7 17.3 Gross Margin % 43.9 69.3 6.9 74.1 Operating Expenses 8.3 4.6 30.4 6.0 Operating Expenses % 42.0 30.1 (14.3) 25.8 EBITDA1 10.1 11.2 27.7 14.3 1.
Contact: Kevin Darmody, Director of Investor Relations (850) 480-7955 IR@Trulieve.com 6749 Ben Bostic Road, Quincy, Florida 32351


About Trulieve Trulieve is a vertically integrated “seed to sale” company and is the first and largest fully licensed medical cannabis company in the State of Florida. Trulieve cultivates and produces all of its products in-house and distributes those products to Trulieve branded stores (dispensaries) throughout the State of Florida, as well as directly to patients via home delivery.  



Share Structure

Market Cap Market Cap                     340,610,028                                 07/30/2019
Outstanding Shares            32,224,527                                 07/19/2019

Restricted                            13,220,081                                 07/19/2019

Unrestricted                         19,004,446                                 07/19/2019

Float                                      29,224,527                                07/19/2019

Trulieve Reports Another Quarter of Record Revenue

TALLAHASSEE, FL, May 28, 2019

Execution of strategic plan results in continued growth, profitability and expansion of patient base

TALLAHASSEE, FLMay 28, 2019 /CNW/ - Trulieve Cannabis Corp. ("Trulieve" or the "Company") (CSE: TRUL) today announced its financial results for the first quarter of 2019 ended March 31, 2019. Unless otherwise stated, all currency is expressed in U.S. dollars.

First Quarter 2019 Financial & Operational Highlights
  • Revenue grew 192% year over year, from $15.2 million in Q1 2018 to $44.5 million in Q1 2019

    Adjusted EBITDA1,2 increased from $6.1 million in Q1 2018 to $19.0 million in Q1 2019
  • Successfully settled with the Florida Department of Health, increasing the potential number of Trulieve dispensaries to 14 above the state cap

    First medical marijuana licensee to complete a sale of smokable flower following approval from Floridalegislature

    Establishment of six new dispensaries in Florida, bringing the total to 30  throughout the state

    Received Minorities for Medical Marijuana's inaugural 2018 Diversity and Inclusion Champion of the Year Award in the State of Florida


Recent Highlights & Developments

  • Increased number of U.S. states Trulieve operates in to four, following acquisition of Connecticut-based dispensary The Healing Corner

    Received special permit to commence building our cultivation operations in Holyoke, Massachusetts

    Signed agreement with Blue River™ Extracts & Terpenes to bring their products to the Florida market, recently launching their dry-sift rosin product

    Filed final short form base shelf prospectus, valid for a 25-month period


"Our first quarter results reflect our ability to deliver on our strategic initiatives, translating into continued strong financial performance," said Kim Rivers, CEO of Trulieve. "In addition to delivering on strong financial results we also achieved many significant milestones in the first quarter of the year. Growth continued in Florida with the opening of four new dispensaries, completing the first sale of smokable flower in Florida, and settling with the Florida Department of Health, allowing us an additional 14 stores above the state cap. We are very pleased with the progress we experienced in the beginning of 2019 and are continuing to see that same momentum carry into the second quarter."

Financial Results

(Guidance presented in 
millions and % change)

2018  Actual                                2019                                        2020

$102.8                                    $220 – $240                           $380 – $400

Adjusted EBITDA1,2     

$45.6                                      $95 – $105                            $140 – $160




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TCNNF News: Trulieve Cannabis opens third location in Jacksonville 02/10/2021 05:08:21 PM
TCNNF News: Top Cannabis Analysts Share Why They Are Bullish on These 2 Stocks 01/22/2021 03:07:35 PM
#11402   From an article I read. SLANG-branded products HoldHigh 03/02/21 09:24:56 AM
#11401   Oh boy, the MSOS etf that has Trulieve Lostcoastkid 03/02/21 07:47:01 AM
#11400   Good analysis by SA. As for recreational, 2024 RangerPete 03/01/21 05:49:58 PM
#11399   Trulieve: Bullish Thesis Unchanged Despite Reefer Madness FUNMAN 03/01/21 05:30:41 PM
#11398   Agreed. The spring is tightening. Looks like Locksmith 03/01/21 05:26:28 PM
#11397   It’s firming a new base. This is good. RangerPete 03/01/21 04:49:18 PM
#11396   Disappointing stock the last few weeks HennHouse 03/01/21 04:40:14 PM
#11395   Easy buying at these levels we are going Imfranko 03/01/21 11:39:55 AM
#11394   Time to resume the march higher today. HoldHigh 03/01/21 08:13:08 AM
#11393   This year will be monumental. I believe we HoldHigh 02/28/21 01:13:55 PM
#11392   Some of you know the story of the bgATL 02/28/21 11:34:54 AM
#11391   From TCNNF website : Trulieve locations coming soon HoldHigh 02/28/21 10:04:54 AM
#11390   Succinctly put. Buy on dips and hold for RangerPete 02/28/21 09:51:20 AM
#11389   Great summary. Sticky that! Locksmith 02/27/21 01:58:59 PM
#11388   TRULIEVE (TCNNF) - Why to buy It and ssparsons 02/27/21 12:52:03 PM
#11387   Hows everyone doing? Lostcoastkid 02/27/21 07:59:52 AM
#11386   Good for Tru --->>> Trulieve Partners with the FUNMAN 02/26/21 10:31:49 PM
#11385   Unicorn. Onward. ‘nuff said. RangerPete 02/26/21 07:48:45 PM
#11384   This weeks number blew away last weeks record HoldHigh 02/26/21 05:46:46 PM
#11383   FL Ommu update for the week 103,894,395 mgs HoldHigh 02/26/21 05:38:32 PM
#11382   Yep. These low cost shares will be running HoldHigh 02/26/21 03:24:48 PM
#11381   44s were a god send today I love Imfranko 02/26/21 03:13:16 PM
#11380   Trulieve #75 opens in Tamarac tomorrow 27 Feb. HoldHigh 02/26/21 08:40:45 AM
#11379   Trulieve@Trulieve - Happy hour is the best hour FUNMAN 02/25/21 10:28:27 PM
#11378   #75 dispensary in Tamarac, FL, opening soon. Look HoldHigh 02/25/21 08:40:35 PM
#11377   Faired a lot better than most today. That Stocker1 02/25/21 05:01:38 PM
#11376   Who knows? BubbaInSC 02/25/21 04:08:10 PM
#11375   Wow why the sudden volume here last 30 minutes? RigorousGains 02/25/21 03:33:16 PM
#11374   Sitting On Sidelines For Now BubbaInSC 02/25/21 02:57:20 PM
#11373   You've been pretty spot on with past predictions Lostcoastkid 02/25/21 10:41:40 AM
#11372   $60 + by mid April. You can only HoldHigh 02/25/21 08:49:12 AM
#11371   I think we'll see big upward momentum after HennHouse 02/25/21 08:03:06 AM
#11370   Trulieve@Trulieve - We have a fresh new look FUNMAN 02/24/21 08:31:57 PM
#11369   I would say a few days before May Stocker1 02/24/21 08:25:49 PM
#11368   That's a little earlier than I anticipated. Thanks HoldHigh 02/24/21 07:34:13 PM
#11367   The operative word is might. One can only hope RangerPete 02/24/21 03:41:20 PM
#11366   NJ seems ripe for it, but there are FUNMAN 02/24/21 03:36:50 PM
#11365   You are a very lucky man....I have been Outcast27 02/24/21 03:34:55 PM
#11364   Going to be interesting, for sure. Could be RangerPete 02/24/21 03:30:39 PM
#11363   NJ is the most densely populated state in FUNMAN 02/24/21 10:25:11 AM
#11362   Earnings before the bell March 23rd https://investors.trulieve.com/news-releases HennHouse 02/24/21 09:36:08 AM
#11361   Hi NW2, tikotiko 02/23/21 11:33:46 PM
#11360   Congratulations tiko - You've been in this since nowwhat2 02/23/21 09:52:34 PM
#11359   I thought I had missed out on the Jelly Bean 02/23/21 04:43:08 PM
#11358   Trulieve CEO Kim Rivers to Give Keynote Address FUNMAN 02/23/21 01:51:27 PM
#11357   ...but finally added in the $43.3s, happy! :-) tikotiko 02/23/21 01:35:08 PM
#11356   Missed the chance to add this morning in tikotiko 02/23/21 11:03:51 AM
#11355   Best of the best. Me very happy. RangerPete 02/22/21 04:21:15 PM
#11354   Trulieve Cannabis Corp Up 36% in 2021 After FUNMAN 02/22/21 03:34:52 PM
#11353   Interesting article. So maybe filing an S-1 is HoldHigh 02/22/21 08:37:39 AM
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