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Trulieve Cannabis Corp (TCNNF)

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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: The MJBizCon Canna Buzz for Cannabis Stocks 12/05/2019 11:00:00 AM
#8314  Sticky Note #TCNNF: Stuart FL. Store #45 Grand Opening Saturday...:-} captainscotty 02/14/20 04:43:13 PM
#8626   Not surprised, but what most analysts are missing RangerPete 03/28/20 08:48:36 AM
#8625   https://www.benzinga.com/analyst-ratings/analyst-color/20/03/15663411/trulieve-a HoldHigh 03/28/20 07:59:13 AM
#8624   For those of you with additional antidotal evidence, RangerPete 03/27/20 07:18:32 PM
#8623   Kim has built a machine. 54% of THC RangerPete 03/27/20 06:40:33 PM
#8622   https://s27415.pcdn.co/wp-content/uploads/ommu_updates/2020/032720-OMMU-Update.p HoldHigh 03/27/20 06:13:34 PM
#8621   AWSOME NUMBERS %. Thanks:) drew5 03/27/20 06:12:14 PM
#8620   This weeks OMMU Snapback24 03/27/20 05:57:51 PM
#8619   On that we completely agree. I think our RangerPete 03/27/20 05:47:03 PM
#8618   shitola starts at the top my friend... they cabos_tacos 03/27/20 05:44:49 PM
#8617   That’s because you live in Ron DeSantis territory. RangerPete 03/27/20 05:41:09 PM
#8616   i went there because no one answered my cabos_tacos 03/27/20 05:36:28 PM
#8615   Cabos, Tallahassee is one of their 3 "pick up Snapback24 03/27/20 04:50:46 PM
#8614   I took a ride to the dispensary here cabos_tacos 03/27/20 04:13:55 PM
#8613   Volume, I cant complain! Cannabis RSI Weed is KICK1 03/27/20 12:53:18 PM
#8612   Very true. And I don’t think we are RangerPete 03/26/20 05:37:19 PM
#8611   This article says MJ dispensaries are considered essential services. HoldHigh 03/26/20 05:30:16 PM
#8610   Implementation of delivery options and purchases. HoldHigh 03/26/20 09:57:13 AM
#8609   And where, pray tell, did you come up RangerPete 03/25/20 09:05:48 PM
#8608   That Should Be NOT Posted the Earnings Mlady 03/25/20 04:57:14 PM
#8607   But Why Has TCNNF Posted 2019 Fourth Qtr Mlady 03/25/20 04:41:02 PM
#8606   Cannabis Stocks Extend Rally as Pot Sector Awakens, MustBeTheTruth 03/25/20 12:01:26 PM
#8605   Interesting take on our company and good info RangerPete 03/24/20 01:21:33 PM
#8604   Hello Trulievers! Paradise Waits, a 800mg CO2, cannabis-derived KICK1 03/24/20 11:48:36 AM
#8603   https://seekingalpha.com/article/4333854-trulieve-covidminus-19-crisis-drives-re HoldHigh 03/24/20 10:27:21 AM
#8602   Thank you thehumanchessmachine 03/24/20 10:10:46 AM
#8601   Back in the Green! A great but bgATL 03/24/20 10:10:45 AM
#8600   Last year it was held on the 24th HoldHigh 03/24/20 09:43:11 AM
#8599   Oh ok thanks thehumanchessmachine 03/24/20 09:41:18 AM
#8598   I believe it is the usual annual meeting. HoldHigh 03/24/20 09:40:15 AM
#8597   This meeting is for what? thehumanchessmachine 03/24/20 09:17:26 AM
#8596   Notice of Meeting. HoldHigh 03/24/20 09:04:42 AM
#8595   I look for a news release this week HoldHigh 03/23/20 09:15:13 PM
#8594   Mark my words. TCNNF will be $11+ a RangerPete 03/23/20 08:34:46 PM
#8593   Trulieve is the class of the entire industry. RangerPete 03/23/20 01:46:41 PM
#8592   I know California made it.. I just got cabos_tacos 03/23/20 10:48:27 AM
#8591   TCNNF stock price now is a steal considering Mitch1974 03/23/20 10:41:56 AM
#8590   I saw something the other day that Medical HoldHigh 03/23/20 10:39:31 AM
#8589   Please provide a ling to that info... Because cabos_tacos 03/23/20 08:27:47 AM
#8588   Monday should be interesting. Where we are Friday RangerPete 03/22/20 07:48:08 PM
#8587   I wouldn't be so sure. This market is Snapback24 03/22/20 06:52:06 PM
#8586   Sales will remain fairly strong. Trulieve has doubled RangerPete 03/22/20 11:18:25 AM
#8585   Sales probably peaked. We know the toilet bgATL 03/22/20 11:06:03 AM
#8584   Remember that we are living under extraordinary circumstances... thehumanchessmachine 03/22/20 08:04:10 AM
#8583   The increase in weekly flower sales astounds me Teacher/Learner 03/22/20 07:51:52 AM
#8582   These numbers are fantastic - Q1 will be amazing. HopeSkeptic 03/21/20 10:55:44 AM
#8581   Trulieve.com has new page showing purchasing options that HoldHigh 03/21/20 09:24:26 AM
#8580   #TCNNF: Marijuana dispensaries are deemed ‘essential’ in LA, captainscotty 03/21/20 08:36:47 AM
#8579   Of the 10,000 ounce increase in Florida.........71% of bgATL 03/21/20 06:35:27 AM
#8578   https://www.yahoo.com/lifestyle/pot-stores-sales-climb-coronavirus-outbreak-1648 cabos_tacos 03/21/20 05:14:17 AM
#8577   https://www.tallahassee.com/story/news/politics/2020/03/20/coronavirus-florida-c cabos_tacos 03/20/20 10:05:34 PM