secwatch.observer — SEC 8-K summary
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Issuer:     Trulieve Cannabis Corp. (TCNNF)
CIK:        0001754195
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001628280-24-007778
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Trulieve Q4 revenue $287M (+4% seq); expects 2024 op cash flow at least $225M
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- Q4 rev $287M (+4% sequentially); GAAP gross margin 54%; net loss $33M, adj net loss $23M.
- 2023 cash from ops $202M, free cash flow $161M; 2024 guidance: cash from ops >= $225M.
- Redeemed $130M senior secured notes due June 2024; closed $25M mortgage at 8.31%.
- Filed amended tax returns for 2019-2021 claiming $143M federal, $31M state refunds; received $113M to date.
- Opened 4 new Florida dispensaries; 32% of retail locations now outside Florida.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1754195/000162828024007778/0001628280-24-007778-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1754195/000162828024007778/tcnnf-20240229.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-007778

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