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Trulieve Cannabis Corp (TCNNF)

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Last Post: 10/20/2018 11:19:38 PM - Followers: 54 - Board type: Free - Posts Today: 0





https://www.trulieve.com



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

http://www.trulieve.com

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.  
 
Issued & Outstanding: 
11,127,500
 


 



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#130  Sticky Note https://microcapdaily.com/the-fascinating-story-of-trulieve-cannabis-corp-cse-tr josh_c1981 10/02/18 12:23:42 PM
#120  Sticky Note #TCNNF: 18 Dispensaries in Florida...:-} captainscotty 10/02/18 11:25:52 AM
#435   $12.85 bargain basement Trulieve. JohnCM 10/20/18 11:19:38 PM
#434   https://www.marketwatch.com/story/marijuana-investors-may-lose-90-of-their-money-in-canada-so-consid mellow fellow 10/20/18 03:58:27 PM
#433   THE US IS NEXT TO BOOM!! https://www.ftmig.com/cannabis/canada-wont-keep-its-can Jdoggg 10/20/18 12:41:00 PM
#430   Hey, I still think you will make lots KICK1 10/19/18 02:35:42 PM
#429   I clowned out and got in at 14.25. dawood 10/19/18 02:29:36 PM
#428   Ok, Thanks John! KICK1 10/19/18 02:02:32 AM
#427   Can't remember the OTC tier. If you really JohnCM 10/19/18 12:13:46 AM
#426   November 29th report is due!!!! $$$$ Medflower 10/18/18 04:59:42 PM
#425   Hey Yep I have $TCNNF at TD and KICK1 10/18/18 03:05:23 PM
#424   Do they have a date for that report yet? Jkramer 10/18/18 12:31:58 PM
#423   Excited to see next Q3 report Laszlo1 10/18/18 12:27:46 PM
#422   Nice. Make hemp great again. Laszlo1 10/18/18 11:13:31 AM
#421   Can TCNNF be purchased in the US yet? TriKx 10/18/18 09:59:01 AM
#420   Green Day Today ravens723 10/18/18 09:26:18 AM
#419   https://www.cantechletter.com/2018/10/trulieve-cannabis-corporation-is-a-buy-gmp ravens723 10/18/18 07:56:01 AM
#418   http://www.nbc-2.com/story/39309077/is-recreational-marijuana-legalization-comin ravens723 10/18/18 06:38:26 AM
#417   I’ll bite.. this thing would go nuts of deadjim 10/18/18 01:40:23 AM
#416   HEMP can be sourced from Europe, no problem. JohnCM 10/17/18 05:03:46 PM
#415   I would guess so, they have been around Etailer 10/17/18 03:02:19 PM
#414   thanks! do you think they have enough supply stocks4days 10/17/18 02:57:39 PM
#413   It take 3-4 months to grow cannabis. Hydroponics Etailer 10/17/18 02:53:59 PM
#412   how long does it take to grow the stocks4days 10/17/18 11:04:42 AM
#411   Yes!!! JohnCM 10/16/18 11:48:25 PM
#409   Could be the US version of Tilray with Etailer 10/16/18 11:19:44 PM
#408   Yup! No brainer. Trulieve will make people believe. mellow fellow 10/16/18 06:30:39 PM
#407   Acquisitions coming according to Kim Rivers! mellow fellow 10/16/18 06:11:58 PM
#406   As part of the RTO, the company also endo133 10/16/18 02:15:20 PM
#405   Bloomberg Shares Outstanding 7.55M JohnCM 10/16/18 01:37:25 PM
#404   Think I should wait to buy when the cnote420 10/16/18 01:14:55 PM
#403   The volume is low, everyone is focused on Las3r 10/16/18 11:50:36 AM
#402   Multiply that by 10. endo133 10/16/18 11:05:18 AM
#401   I think it’s super low like 11 mil dawood 10/16/18 10:56:07 AM
#400   The problem is the share count. There is endo133 10/16/18 10:35:49 AM
#399   A solid investment with out a doubt Las3r 10/16/18 09:52:56 AM
#398   Trulieve is crushing revenue numbers. JohnCM 10/16/18 09:52:20 AM
#397   Seems to be the trend here lately starts Las3r 10/16/18 09:49:40 AM
#396   Red right now. Only MJ red in my portfolio. JohnCM 10/16/18 09:47:43 AM
#395   104 per share. Drinking the TLRY coolaid? Settle down. JohnCM 10/16/18 09:46:59 AM
#394   Anyone here ever have that shatter? It sold KICK1 10/16/18 03:56:58 AM
#393   Ready for more KICK1 10/16/18 03:56:12 AM
#392   Nice! KICK1 10/16/18 03:55:11 AM
#391   Nice Green Day Las3r 10/15/18 04:04:31 PM
#390   Thnxs :) josh_c1981 10/15/18 02:20:04 PM
#389   Nice group Las3r 10/15/18 02:16:03 PM
#388   Don't forget to join The Facebook Group... josh_c1981 10/15/18 02:04:44 PM
#387   Just loaded 200 shares on the dip, lets go! MoistCreeks 10/15/18 01:48:59 PM
#386   I slapped, 100 loaded now will add more KICK1 10/15/18 01:21:40 PM
#385   Go Trulieve! I need to grab some swag KICK1 10/15/18 01:10:33 PM
#384   Nice grab! I couldn’t ask for a better KICK1 10/15/18 01:09:57 PM
#383   Grabbed a starter here. Go Trul mellow fellow 10/15/18 01:08:23 PM
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