secwatch.observer — SEC 8-K summary
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Issuer:     Trulieve Cannabis Corp. (TCNNF)
CIK:        0001754195
Form:       8-K
Filed at:   2022-05-12T23:59:59+00:00
Accession:  0001193125-22-147990
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Trulieve Q1 2022 revenue $318.3M, up 64% YoY; adjusted EBITDA $105.5M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1754195/000119312522147990/0001193125-22-147990-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1754195/000119312522147990/d281733d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-147990

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