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Trulieve Cannabis Corp (TCNNF)

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Last Post: 9/25/2020 8:19:11 PM - Followers: 164 - Board type: Free - Posts Today: 20



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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#10339   TRULIEVE Investor Deck Including Pennsylvania ROGJR 09/25/20 08:19:11 PM
#10338   Weekly update FL OMMU. https://s27415.pcdn.co/wp-content/uploads/ommu_updates/2 HoldHigh 09/25/20 05:02:00 PM
#10337   These insiders are smart enough to know that HoldHigh 09/25/20 05:00:26 PM
#10336   I don’t have the link handy but insiders Lostcoastkid 09/25/20 02:33:01 PM
#10335   Stay tuned. It’s up, up, and away. RangerPete 09/25/20 02:30:16 PM
#10334   It’s the OTC , this shiz happens all Lostcoastkid 09/25/20 02:29:20 PM
#10333   That’s great. I’m a shareholder. Now FastMny 09/25/20 02:20:15 PM
#10332   Kim has already stated her shares are not RangerPete 09/25/20 01:49:53 PM
#10331   If they prove over time they won’t dump FastMny 09/25/20 01:47:50 PM
#10330   If one takes the week difference for Sept RangerPete 09/25/20 01:41:20 PM
#10329   Me too. Now it’s impossible to figure market RangerPete 09/25/20 01:37:52 PM
#10328   Yes it looks like its just getting added drew5 09/25/20 01:35:03 PM
#10327   Agreed. I believe the big increase last week RangerPete 09/25/20 01:30:47 PM
#10326   Some nice buying and accumulation today, should see drew5 09/25/20 01:26:17 PM
#10325   Look at the tape. Almost all sales today, RangerPete 09/25/20 01:23:38 PM
#10324   Yep, but more free trading shares that will FastMny 09/25/20 01:12:08 PM
#10323   The unlock means nothing. Earnings per share are RangerPete 09/25/20 12:25:02 PM
#10322   Big fall in SP here over the last FastMny 09/25/20 12:21:48 PM
#10321   It really doesn’t matter. At these levels Tru RangerPete 09/25/20 12:03:54 PM
#10320   Vix down, market up, tcnnf going up with Nocateed 09/25/20 10:25:05 AM
#10316   Echelon Wealth Partners Stick to Their Buy Rating FUNMAN 09/24/20 02:33:50 PM
#10315   I'm surprised it's still going down. Think idiotsavanti 09/24/20 10:02:08 AM
#10314   Haha, thats more like it....im relaxed as a Lostcoastkid 09/24/20 09:40:56 AM
#10313   It doesn’t matter where the company is traded RangerPete 09/24/20 09:06:57 AM
#10312   On the OTC? Just wanted an answer to Lostcoastkid 09/24/20 08:57:36 AM
#10311   Warren invests in companies with strong financials and RangerPete 09/24/20 08:28:02 AM
#10310   Does Warren Buffet "invest" in stocks that are Lostcoastkid 09/24/20 07:54:51 AM
#10309   That’s ok if you trade. If your a RangerPete 09/23/20 06:29:32 PM
#10308   I dont have to think, Im reading a Lostcoastkid 09/23/20 06:26:54 PM
#10307   Oversold has nothing to do with any charts. RangerPete 09/23/20 06:13:12 PM
#10306   Not oversold, clear as day on the daily Lostcoastkid 09/23/20 06:02:14 PM
#10305   It’s oversold. How far it gets oversold is RangerPete 09/23/20 05:10:36 PM
#10304   Not oversold on the daily chart! Closed today Lostcoastkid 09/23/20 05:01:00 PM
#10303   Trulieve is now oversold. It’s value has dropped RangerPete 09/23/20 04:44:09 PM
#10302   Am Long and agree that we are going much thehumanchessmachine 09/23/20 01:40:40 PM
#10301   charts negative for now CES2002 09/23/20 09:58:06 AM
#10300   https://www.cantechletter.com/2020/09/trulieve-cannabis-has-a-127-per-cent-upsid ROGJR 09/23/20 09:48:14 AM
#10299   Innovative and Trulieve Suprfreek 09/22/20 06:44:07 PM
#10298   Not on the daily chart, a few clicks away Lostcoastkid 09/22/20 06:35:46 PM
#10297   Isn't it oversold at these levels? CES2002 09/22/20 03:39:57 PM
#10296   If this hits oversold on the daily chart, Lostcoastkid 09/22/20 03:06:16 PM
#10295   Ninety million to build out PA and MA RangerPete 09/21/20 07:14:23 PM
#10294   https://thedeepdive.ca/trulieve-closes-oversubscribed-115-5-million-financing/ HoldHigh 09/21/20 06:09:08 PM
#10293   Great plan ! thehumanchessmachine 09/21/20 12:13:15 PM
#10292   My plan is to buy once a month Tabbysan 09/21/20 11:56:12 AM
#10291   ill buy back on price appreciation with volume.. cabos_tacos 09/21/20 11:50:24 AM
#10290   Also the company's they bought are already profitable.;-) -scooby- 09/21/20 11:18:38 AM
#10289   I really don’t think this is the time thehumanchessmachine 09/21/20 11:02:51 AM
#10288   Ya but one problem with your theory is -scooby- 09/21/20 10:58:55 AM
#10287   Oh ye of little faith. I remember a RangerPete 09/21/20 10:58:13 AM
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