Trulieve Q2 revenue $303M up 8% YoY; gross margin 60%; launches Ohio adult-use sales

Trulieve Cannabis Corp.

2024-Q2 EPS reported -$0.21 revenue$601,061,000

Revenue of $303M (+2% seq, +8% YoY); 95% from retail; gross profit $182M (60% margin).
Net loss $12M (improved 48% seq); adjusted net income $0.2M; adjusted EBITDA $107M (35% of rev).
Cash from ops $71M; free cash flow $45M; cash $356M; received $2M tax refunds from 280E challenge.
Opened 3 new FL dispensaries; acquired 2 in OH; launched adult-use sales in OH on Aug 6 at 3 locations.
200th retail location milestone; 32% of retail locations outside Florida.

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