secwatch.observer — SEC 8-K summary
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Issuer:     Trulieve Cannabis Corp. (TCNNF)
CIK:        0001754195
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001193125-23-139934
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1754195/000119312523139934/0001193125-23-139934-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1754195/000119312523139934/d794977d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-139934

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer