---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-139934"
form_type: "8-K"
ticker: "TCNNF"
cik: "0001754195"
company_name: "Trulieve Cannabis Corp."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T06:45:23.812672+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Trulieve Q1 2023 revenue $289M, net loss $64M, adjusted EBITDA $78M

## Summary
- Revenue of $289M (95% retail); GAAP gross margin 52%, gross profit $150M.
- SG&A reduced $24M sequentially to $102M; cost savings initiatives cited.
- Net loss $64M; adjusted net loss $21M excluding non-recurring items and impairments.
- Adjusted EBITDA $78M (27% of revenue); cash $195M at quarter end.
- 184 dispensaries (+14% YoY); launched adult-use in Bristol, CT; first US cannabis co. to advertise on Twitter.

## SEC filing metadata
- accession: 0001193125-23-139934
- form_type: 8-K
- ticker: TCNNF
- cik: 0001754195
- company_name: Trulieve Cannabis Corp.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1754195/000119312523139934/0001193125-23-139934-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1754195/000119312523139934/d794977d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-139934
- JSON: https://secwatch.observer/filing/0001193125-23-139934.json
- Plain text: https://secwatch.observer/filing/0001193125-23-139934.txt

## Key facts
- Earnings Releases
  Trulieve Cannabis Corp. reported first quarter ended March 31, 2023 results: revenue $289 million, net income net loss of $64 million.
  - Period: first quarter ended March 31, 2023
  - Revenue: $289 million
  - Net income: net loss of $64 million
  - Result: reported results
  source text: Revenue of $289 million, with 95% of revenue from retail sales.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1754195/000119312523139934/0001193125-23-139934-index.htm

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