---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-063707"
form_type: "8-K"
ticker: "TCNNF"
cik: "0001754195"
company_name: "Trulieve Cannabis Corp."
filed_at: "2023-03-08T23:59:59+00:00"
generated_at: "2026-06-18T08:38:11.579817+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Trulieve reports record FY2022 revenue of $1.24B, Q4 net loss of $77M

## Summary
- FY2022 revenue $1.24B (+32% YoY); Q4 revenue $302M, 2% sequential retail growth.
- Q4 GAAP gross margin 50%; net loss $77M; adjusted net loss $35M; adjusted EBITDA $85M (28% revenue).
- Q4 operating cash flow $55M, free cash flow $21M; inventory reduced $4M vs Q3 build of $32M.
- Closed $90M in commercial loans at avg 7.5% interest; opened 5 new dispensaries; total 181 dispensaries.

## SEC filing metadata
- accession: 0001193125-23-063707
- form_type: 8-K
- ticker: TCNNF
- cik: 0001754195
- company_name: Trulieve Cannabis Corp.
- filed_at: 2023-03-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1754195/000119312523063707/0001193125-23-063707-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1754195/000119312523063707/d480555d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-063707
- JSON: https://secwatch.observer/filing/0001193125-23-063707.json
- Plain text: https://secwatch.observer/filing/0001193125-23-063707.txt

## Key facts
- Earnings Releases
  Trulieve Cannabis Corp. reported fourth quarter and year ended December 31, 2022 results: revenue $302 million, net income net loss of $77 million.
  - Period: fourth quarter and year ended December 31, 2022
  - Revenue: $302 million
  - Net income: net loss of $77 million
  - Result: reported results
  source text: Fourth Quarter and Record Full Year 2022 Results Exceeding $1.2 Billion in Revenue • Record revenue of $1.24 billion in 2022, up 32% year over year, and quarterly revenue of $302 million, with 2% retail revenue growth sequentially • Industry leading U.S. retail network of 181 dispensaries, up 14% from 2021, supported by over 4 million square feet of cultivation
  evidence_url: https://www.sec.gov/Archives/edgar/data/1754195/000119312523063707/0001193125-23-063707-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.