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Trulieve Cannabis Corp (TCNNF)

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Last Post: 10/21/2019 6:40:20 PM - Followers: 135 - Board type: Free - Posts Today: 11



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: Solid Profits Show Strength of Growing Cannabis Space 06/19/2019 08:45:00 AM
TCNNF News: Searching for the Next Super Nova 06/17/2019 08:45:00 AM
#4880  Sticky Note Trulieve is on track with guidance. $102 MILLION Dude1967 08/14/19 07:31:21 PM
#4504  Sticky Note #TCNNF:.Trulieve.Opens.29th.and.30th.Florida.Dispensary,Bringing.Natural.Relief.to.Patients.in.Centr captainscotty 07/30/19 03:09:25 PM
#6236   Time is running out for cheap entry IMO. HoldHigh 10/21/19 06:40:20 PM
#6235   My thoughts exactly! Looking for entry point cure627 10/21/19 01:59:11 PM
#6233   Cabos, I agree with you that cannabis companies FUNMAN 10/21/19 12:42:19 PM
#6232   You know what I think? I think all cabos_tacos 10/21/19 11:59:56 AM
#6231   Marijuana businesses increasingly plan to sue if regulators FUNMAN 10/21/19 10:08:18 AM
#6230   right on... why i love trulieve is they cabos_tacos 10/21/19 09:15:57 AM
#6229   Nice to be added ... Trulieve Added to FUNMAN 10/21/19 09:09:44 AM
#6228   Qx ..... now !!! MADDSTACKER 10/21/19 08:18:15 AM
#6227   Only 7 more dispensaries needed to meet the HoldHigh 10/21/19 07:52:42 AM
#6226   Wow! we are going be happy. emit 10/21/19 01:09:10 AM
#6225   I think it was 25 mill for the drew5 10/20/19 08:25:27 PM
#6224   I hope TCNNF doesn't fall into that trap. HoldHigh 10/20/19 06:53:52 PM
#6223   Buying cannabis licenses on secondary market more of mellow fellow 10/20/19 11:07:33 AM
#6222   I'm guessing that TCNNF will be telling us HoldHigh 10/20/19 09:54:02 AM
#6221   https://www.projectcbd.org/medicine/medical-marijuana-patient-als-outlives-her-d livelongandprofit 10/20/19 12:41:46 AM
#6220   I would like to see it happen. Texas FUNMAN 10/19/19 11:23:05 PM
#6219   I know but first mover will do very well. drew5 10/19/19 11:20:21 PM
#6218   Texas still has a "legalization" ways to go. FUNMAN 10/19/19 11:01:13 PM
#6217   NJ and NY would be huge for an drew5 10/19/19 10:16:05 PM
#6216   Very interesting. NJ would be so much better FUNMAN 10/19/19 08:09:18 PM
#6215   Good to see. Snapback24 10/19/19 06:20:20 PM
#6214   Nice find! My pop will welcome them. Not mellow fellow 10/19/19 12:47:30 PM
#6213   New Jersey??? ROGJR 10/19/19 11:33:29 AM
#6212   Trulieve - Thank you so much to everyone! FUNMAN 10/19/19 10:56:50 AM
#6211   Puff Daddy@ForsbergJr - TRULIEVE ???????? Deals For The FUNMAN 10/18/19 09:48:54 PM
#6210   Trulieve - We are proud to have so FUNMAN 10/18/19 09:15:46 PM
#6209   5k new FL patients this week. No wonder HoldHigh 10/18/19 08:14:08 PM
#6208   Thanks Rogjr. That’s definitely what I’m expecting, a Snapback24 10/18/19 07:35:50 PM
#6207   Reply I got from Kim, ROGJR 10/18/19 07:26:49 PM
#6205   Yeaaa it’s pretty obvious now they had a Snapback24 10/18/19 05:49:18 PM
#6204   FL weekly stats. HoldHigh 10/18/19 05:33:53 PM
#6203   https://smallcappower.com/expert-articles/cannabis-stock-picks-sean-brodrick/amp ROGJR 10/18/19 12:44:02 PM
#6202   Huge Potential ROGJR 10/18/19 12:43:22 PM
#6201   Trulieve - ?? We have been nominated for FUNMAN 10/17/19 06:15:47 PM
#6200   You know some people early on tried to HoldHigh 10/17/19 03:29:45 PM
#6199   https://smallcappower.com/top-stories/marijuana-stocks-revenue-growth/ HoldHigh 10/17/19 03:26:34 PM
#6198   Palm Beach Post article Lostcoastkid 10/17/19 08:15:41 AM
#6197   Trulieve - We LOVE our TruPets! Drop a FUNMAN 10/16/19 11:49:03 PM
#6196   There will be no opportunity to buy at HoldHigh 10/16/19 07:22:45 PM
#6194   Finally, Some insider buying! MustBeTheTruth 10/16/19 04:58:50 PM
#6193   Trulieve - “I thank you for the hope FUNMAN 10/16/19 03:22:57 PM
#6192   Thanks for the clarification. All the more reason FUNMAN 10/16/19 02:59:06 PM
#6191   Always a good sign when upper management is buying! 8jaw 10/16/19 02:27:45 PM
#6190   TCNNF won't be capped out until they get HoldHigh 10/16/19 02:27:02 PM
#6189   These 5 U.S. MSOs Saw a Large Spike wsstocks 10/16/19 02:10:08 PM
#6188   The whole sector went up yesterday on APHRIA's FUNMAN 10/16/19 10:34:45 AM
#6187   HoldHigh nice find. Here is a little commentary. FUNMAN 10/16/19 10:32:24 AM
#6186   Usually when a stock's price increases during a badbass58 10/16/19 09:43:35 AM
#6185   Trulieve and Ms. Rivers will be in Chicago mellow fellow 10/16/19 08:47:13 AM
#6184   https://www.fool.com/investing/2019/10/16/forget-california-these-3-cannabis-mar HoldHigh 10/16/19 07:40:37 AM