secwatch.observer — SEC 8-K summary
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Issuer:     Trulieve Cannabis Corp. (TCNNF)
CIK:        0001754195
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001628280-23-038007
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Trulieve Q3: $275M revenue, $93M operating cash flow, net loss $25M, cuts debt
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- Revenue $275M, GAAP gross margin 52%, net loss $25M, adj. net loss $15M.
- EBITDA $74M (27% revenue), adj. EBITDA $78M (28% revenue).
- Cash from ops $93M, free cash flow $87M in Q3; FY2023 outlook: at least $100M ops, $70M FCF.
- Reduced debt: bought $57M face of 2026 notes at 16.5% discount; redeemed $130M of 2024 notes, saving $20M interest.
- Opened 5 new dispensaries; Maryland traffic up 235% QoQ with adult-use launch.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1754195/000162828023038007/0001628280-23-038007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1754195/000162828023038007/tcnnf-20231109.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-038007

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