---
schema_version: "secwatch.filing_event.v1"
accession: "0001754195-25-000035"
form_type: "8-K"
ticker: "TCNNF"
cik: "0001754195"
company_name: "Trulieve Cannabis Corp."
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T08:36:10.340614+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Trulieve Q1 revenue $298M, gross margin 62%, adjusted EBITDA $109M

## Summary
- Q1 revenue of $298M, slightly up YoY; 95% from retail sales.
- GAAP gross margin improved to 62% from 58%; gross profit of $183M.
- Net loss attributable to common shareholders $33M; adjusted net loss $3M.
- Adjusted EBITDA of $109M (37% of revenue), up 3% YoY; operating cash flow $51M.
- Opened 6 dispensaries in AZ, FL, OH; launched Onward THC beverage.

## SEC filing metadata
- accession: 0001754195-25-000035
- form_type: 8-K
- ticker: TCNNF
- cik: 0001754195
- company_name: Trulieve Cannabis Corp.
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1754195/000175419525000035/0001754195-25-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1754195/000175419525000035/tcnnf-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001754195-25-000035
- JSON: https://secwatch.observer/filing/0001754195-25-000035.json
- Plain text: https://secwatch.observer/filing/0001754195-25-000035.txt

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