---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-206803"
form_type: "8-K"
ticker: "TCNNF"
cik: "0001754195"
company_name: "Trulieve Cannabis Corp."
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T22:52:13.970173+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Trulieve Q2 revenue $282M, net loss $404M on goodwill impairment; exits CA/MA

## Summary
- Revenue $282M (96% retail); GAAP gross margin 50%; SG&A down $4M sequentially to $96M.
- Net loss $404M from goodwill impairment (triggered by stock price); adjusted net loss $15M.
- Adjusted EBITDA $79M (28% of revenue); cash $160M; cash from ops excl. tax payments $98M YTD.
- Sold 11.6M branded units (+9% seq); MD traffic up 200% in July with adult-use launch.
- Exited CA retail, winding down MA operations; inventory reduction generated $24M cash YTD.

## SEC filing metadata
- accession: 0001193125-23-206803
- form_type: 8-K
- ticker: TCNNF
- cik: 0001754195
- company_name: Trulieve Cannabis Corp.
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1754195/000119312523206803/0001193125-23-206803-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1754195/000119312523206803/d815319d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-206803
- JSON: https://secwatch.observer/filing/0001193125-23-206803.json
- Plain text: https://secwatch.observer/filing/0001193125-23-206803.txt

## Key facts
- Earnings Releases
  Trulieve Cannabis Corp. reported for the quarter ended June 30, 2023 results: revenue Revenue of $282 million, net income Reported net loss of $404 million.
  - Period: for the quarter ended June 30, 2023
  - Revenue: Revenue of $282 million
  - Net income: Reported net loss of $404 million
  - Result: reported results
  source text: Generally Accepted Accounting Principles unless otherwise indicated. Numbers may not sum perfectly due to rounding. Q2 2023 Financial and Operational Highlights* • Revenue of $282 million, with 96% of revenue from retail sales. Excluding deferred revenue, retail revenue increased by $3 million sequentially driven by increased traffic and volume partly offset by
  evidence_url: https://www.sec.gov/Archives/edgar/data/1754195/000119312523206803/0001193125-23-206803-index.htm

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