---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-021918"
form_type: "8-K"
ticker: "TCNNF"
cik: "0001754195"
company_name: "Trulieve Cannabis Corp."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T06:35:05.256937+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Trulieve Q1 2024 revenue $298M, up 4% sequentially; adjusted EBITDA $106M

## Summary
- Revenue of $298M (+4% sequentially & YoY); 58% GAAP gross margin on $174M gross profit.
- Net loss $23M improved 31% sequentially; adjusted net loss $10M; adjusted EBITDA $106M (36% of revenue).
- Operating cash flow $139M, free cash flow $124M; cash $327M including $50M tax refunds from 280E challenge.
- Opened 3 Florida dispensaries (Cocoa Beach, Palm Bay, Pinellas Park); 31% of retail locations outside Florida.
- Progress on Smart and Safe Florida adult-use initiative and federal cannabis rescheduling to Schedule III.

## SEC filing metadata
- accession: 0001628280-24-021918
- form_type: 8-K
- ticker: TCNNF
- cik: 0001754195
- company_name: Trulieve Cannabis Corp.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1754195/000162828024021918/0001628280-24-021918-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1754195/000162828024021918/tcnnf-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-021918
- JSON: https://secwatch.observer/filing/0001628280-24-021918.json
- Plain text: https://secwatch.observer/filing/0001628280-24-021918.txt

## Key facts
- Earnings Releases
  Trulieve Cannabis Corp. reported the quarter ended March 31, 2024 results: revenue $298 million, net income net loss of $23 million.
  - Period: the quarter ended March 31, 2024
  - Revenue: $298 million
  - Net income: net loss of $23 million
  - Result: reported results
  source text: --- tcnnf-2024xq1xexx991 Exhibit 99.1 Trulieve Reports First Quarter 2024 Results Demonstrating Core Business Strength and Cash Generation • First quarter performance of $298 million in revenue, up 4% sequentially, and 58% gross margin • Strong cash flow from operations of $139 million and free cash flow of $124 million* in Q1 2024 • Definitive progress made
  evidence_url: https://www.sec.gov/Archives/edgar/data/1754195/000162828024021918/0001628280-24-021918-index.htm

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