earnings
confidence high
sentiment positive
materiality 0.75
Trulieve Q1 2022 revenue $318.3M, up 64% YoY; adjusted EBITDA $105.5M
Trulieve Cannabis Corp.
2022-Q1 EPS reported
-$0.17
revenue$318,348,000
- Revenue $318.3M (+64% YoY, +4% sequentially); GAAP gross margin 56.0% vs 43.4% in Q4 2021.
- Net loss $32.0M (improved 55% sequentially); adjusted net income $1.7M; adjusted EBITDA $105.5M (33.2% of revenue).
- Cash from operations $45.1M; cash balance $267M; issued $75M senior secured notes at 8% due Oct 2026.
- Retail network 162 dispensaries; cultivation capacity 4.0M sq ft (+93% YoY) as of March 31, 2022.
- Q1 includes $17.2M acquisition integration charges and $13.8M asset impairments from closing redundant cultivation activities.