Highest-materiality recent filing
Trulieve Q1 2026: Revenue $287M, Net Income $2M, Adjusted EBITDA $100M, Gross Margin 59%
Q1 revenue $287M; gross margin 59% ($170M gross profit); 92% of revenue from retail sales.
Trulieve director Thad Beshears will not stand for reelection at June 9, 2026 annual meeting
Beshears, a director since 2015, notified Trulieve on April 15, 2026 of his decision.
Trulieve CAO Joy Malivuk terminated without cause; Brett Walsh appointed successor
Joy Malivuk terminated without cause; employment ends May 28, 2026 after 90-day notice period.
Trulieve reports FY2025 revenue $1.2B, 60% gross margin, record operating cash flow $273M
Record FY2025 revenue $1.2B; 60% gross margin; adjusted EBITDA $427M (36% of revenue).
Trulieve raises CEO salary to $900k; CPO and CTO also get increases and bonuses
CEO Kim Rivers salary increased from $850,000 to $900,000, effective Jan 1, 2026.
Trulieve closes $60M tranche of 10.5% senior secured notes due 2030, total $200M
Issued additional $60M principal at 10.5% due Dec 17, 2030; price $1,000 + accrued interest of $12.37 per $1,000.
Trulieve closes $140M private placement of 10.5% senior secured notes due 2030
$140M aggregate principal of 10.5% senior secured notes due Dec 17, 2030 closed; size increased due to demand.
Trulieve raises $100M via 10.5% senior secured notes due 2030
Gross proceeds of $100M from private placement of 10.5% Senior Secured Notes.
Trulieve Q3 revenue $288M, gross margin 59%, adjusted EBITDA $103M
Revenue of $288M, 94% from retail; GAAP gross profit $170M (59% margin).
Trulieve calls all $368M of 8% Notes due 2026; redemption Dec 5, 2025
Aggregate principal of US$368,000,000 in 8.0% senior secured notes due 2026 to be redeemed.
Trulieve appoints Matthew Foulston to board and Jan Reese as CFO, effective Sept 8, 2025
Matthew Foulston appointed to Trulieve board; former CFO of Covetrus, TreeHouse Foods, and Compass Minerals.
Trulieve Q2 revenue $302M, adjusted EBITDA $111M (37% of revenue), net loss $14M
Revenue $302M comparable to prior year; gross margin 61% vs 60% in Q2 2024.
Trulieve shareholders approve 10M share increase to 2021 Omnibus Incentive Plan
Shareholders added 10M subordinate voting shares to the plan; votes: 46.1M for, 14.4M against, 46.9M broker non-votes.
Trulieve Q1 revenue $298M, gross margin 62%, adjusted EBITDA $109M
Q1 revenue of $298M, slightly up YoY; 95% from retail sales.
Trulieve CFO Wes Getman resigns; VP Finance Ryan Blust named interim CFO
Wes Getman resigned as CFO effective March 6, 2025, to pursue other opportunities; no severance paid.
Trulieve Q4 revenue $301M (+5% YoY), gross margin 62%; FY2024 record FCF $150M
Q4 2024 revenue $301M, up 5% YoY; gross margin 62% vs 54% in Q4 2023.
Trulieve Q3 revenue $284M, gross margin 61%; $48M campaign spend drives net loss $60M
Revenue $284M (+3% YoY); gross margin 61% vs 52% in Q3 2023; adjusted EBITDA $96M (34% revenue), up 24% YoY.
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).
Trulieve shareholders approve 2nd amended 2021 Omnibus Incentive Plan, adding 5.5M shares
Shareholders approved increasing the share pool by 5,500,000 subordinate voting shares for equity awards.
Trulieve Q1 2024 revenue $298M, up 4% sequentially; adjusted EBITDA $106M
Revenue of $298M (+4% sequentially & YoY); 58% GAAP gross margin on $174M gross profit.
The Company has appointed Ryan Blust, the Company’s Vice President, Finance, as its interim Chief Financial Officer, effective immediately.
On March 6, 2025, Wes Getman resigned from his position as Chief Financial Officer of Trulieve Cannabis Corp. (the “Company”) to pursue other opportunities.
Max materiality 0.80 · Median 0.65 · Most common event earnings