secwatch.observer — SEC 8-K summary
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Issuer:     Trulieve Cannabis Corp. (TCNNF)
CIK:        0001754195
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001628280-24-045096
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Trulieve Q3 revenue $284M, gross margin 61%; $48M campaign spend drives net loss $60M
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- Revenue $284M (+3% YoY); gross margin 61% vs 52% in Q3 2023; adjusted EBITDA $96M (34% revenue), up 24% YoY.
- Net loss $60M; adjusted net loss $12M after excluding $48M in Florida adult-use campaign support and other non-recurring items.
- Cash flow from operations $30M; free cash flow -$7M impacted by $48M campaign support; cash and short-term investments $319M.
- Launched adult-use sales at 3 Ohio locations; opened 15 new dispensaries in FL and PA; 30% of retail locations now outside Florida.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1754195/000162828024045096/0001628280-24-045096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1754195/000162828024045096/tcnnf-20241105.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-045096

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