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Created: 09/25/2018 11:47:03 PM - Followers: 193 - Board type: Free - Posts Today: 1

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 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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9LB Hammer Indica TruPod Premium THC Cannabis MMJ KICK1 09/25/2022 02:53:13 AM
Trulieve ready to expand into Sierra Vista Koog 09/24/2022 11:26:27 AM
This fits in nicely with the hub concept. HoldHigh 09/24/2022 10:12:07 AM
Trulieve expanding in CT. Gets approval for selling HoldHigh 09/24/2022 09:51:26 AM
New dispensary opening in w. va. HoldHigh 09/24/2022 09:48:51 AM
Sources familiar with the state of negotiations over HoldHigh 09/24/2022 09:46:27 AM
Actually I did and have been talking macro Lostcoastkid 09/24/2022 08:47:05 AM
So I guess your charts show the big HoldHigh 09/23/2022 08:17:58 PM
HoldHigh Tuesday, May 24, 2022 7:18:35 AM Lostcoastkid 09/23/2022 12:43:32 PM
Glad I didn't follow the sheep on DWAC HoldHigh 09/23/2022 10:47:52 AM
The story hasn't changed on the company, still HoldHigh 09/23/2022 09:43:57 AM
I'm a buyer at 5-6...Hope and pray to cabos_tacos 09/22/2022 08:05:01 PM
HoldHigh Thursday, May 26, 2022 2:03:14 PM Lostcoastkid 09/22/2022 06:51:36 PM
The Georgia Access to Medical Cannabis Commission has HoldHigh 09/22/2022 06:13:43 PM
you think it can hold 5 bucks? i cabos_tacos 09/22/2022 05:23:14 PM
Take a bow…. Lostcoastkid 09/22/2022 04:29:15 PM
How’s the chart wizards out there? I thought Lostcoastkid 09/22/2022 02:50:57 PM
OK. Yep. Onward. HoldHigh 09/21/2022 07:31:23 PM
Put in a buy order here. Please sell HoldHigh 09/21/2022 07:26:30 PM
I hope so. Otherwise we have dictator in charge. HoldHigh 09/21/2022 07:04:59 PM
I doubt it. But whatever. HoldHigh 09/21/2022 07:03:46 PM
Don’t forget to add in there that weed Nivea67515 09/21/2022 11:36:54 AM
Maybe they vote D in Fla? watching to reenter... Pisd 09/21/2022 10:51:06 AM
It's easy to figure. Declining stock market, no HoldHigh 09/21/2022 09:39:17 AM
RangerPete Re: $5.95akadawson-m post# 11059 Lostcoastkid 09/20/2022 09:58:40 AM
18 months, ? Now it’s 3 to 4 cabos_tacos 09/20/2022 09:55:11 AM
My chart seemed to work perfectly, glad I Lostcoastkid 09/20/2022 09:54:53 AM
Charts work fine, blending in the hope is GE_Jim 09/20/2022 09:50:04 AM
A return to the mean, good luck Lostcoastkid 09/20/2022 09:49:53 AM
A solid company? cabos_tacos 09/20/2022 09:46:43 AM
Well, it appears the low was NOT in GE_Jim 09/20/2022 09:46:19 AM
Broke the 52 week low….lol, yea charts dont work Lostcoastkid 09/20/2022 09:41:32 AM
more chatter: HoldHigh 09/20/2022 09:37:52 AM
So what? Three years from now I’ll be RangerPete 09/19/2022 07:59:19 PM
And all due respect, for the past 12 cabos_tacos 09/19/2022 07:20:15 PM
trulieve gets approval to start growing in georgia!!!!adel skirad 09/19/2022 06:35:01 PM
Well, it took a bit of time but Locksmith 09/19/2022 06:00:15 PM
I’m happy buying at these levels all day RangerPete 09/19/2022 04:10:32 PM
ONWARD. To The Tens … How cabos_tacos 09/19/2022 12:12:26 PM
More chatter. HoldHigh 09/18/2022 10:18:23 AM
ONWARD RangerPete 09/17/2022 09:02:23 AM
Plans for a growing/processing facility in CT. HoldHigh 09/17/2022 08:43:22 AM
Trulieve & Wiz Khalifa Announce Exclusive Partnership / KICK1 09/16/2022 11:20:52 PM
It’s like an all you can eat buffet. RangerPete 09/16/2022 11:26:54 AM
You got that right, I think I surfed Lostcoastkid 09/16/2022 10:15:12 AM
Yawn.. there is a popular fable about that cabos_tacos 09/16/2022 08:58:18 AM
I was buying weed from this guy for cabos_tacos 09/16/2022 08:55:27 AM
Granted. But it’s better than handcuffs and paying RangerPete 09/16/2022 08:13:20 AM
Still chatter about Safe Banking. HoldHigh 09/16/2022 07:56:28 AM
Personally? I got tired of being forced to cabos_tacos 09/16/2022 07:12:41 AM
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