secwatch.observer — SEC 8-K summary
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Issuer:     Trulieve Cannabis Corp. (TCNNF)
CIK:        0001754195
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001628280-24-021918
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1754195/000162828024021918/0001628280-24-021918-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1754195/000162828024021918/tcnnf-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-021918

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