secwatch.observer — SEC 8-K summary
======================================

Issuer:     Trulieve Cannabis Corp. (TCNNF)
CIK:        0001754195
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001628280-24-034969
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1754195/000162828024034969/0001628280-24-034969-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1754195/000162828024034969/tcnnf-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-034969

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