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Trulieve is a leading cannabis company with a focus on providing relief to patients through trusted products. Hand-grown plants in a natural environment ensure quality and purity at every step. Trulieve is a vertically integrated, multi-state operator with a strong market presence in Arizona, Florida, and Pennsylvania. The company's innovative products, high-quality brands, and commitment to customer experience make it a top choice for those seeking access to cannabis products.
Trulieve Cannabis Corp. has announced a new medical dispensary opening in Lake Worth, FL on November 19, 2022. The dispensary, located at 8724 Lake Worth Rd., will operate from 9 a.m. to 9 p.m. Monday through Saturday and 10 a.m. to 8 p.m. on Sunday. To celebrate, Trulieve will offer a 25% discount for all registered patients and a 50% discount for first-time guests. The company is recognized as a leading provider of medical cannabis in Florida with a diverse product range and is committed to enhancing patient access to quality cannabis products.
Trulieve Cannabis Corp. reported significant financial results for Q3 2022, with a 34% year-over-year revenue increase to $301 million and a GAAP gross margin of 56%. Retail sales contributed 94% of total revenue. Despite the revenue growth, the company faced a net loss of $115 million, influenced by $93 million in asset impairments related to strategic adjustments. Adjusted EBITDA stood at $99 million, and cash reserves were at $114 million. Trulieve is optimistic about future growth, targeting $1.25 billion to $1.3 billion in revenue for 2022.
Trulieve Cannabis Corp. will host a conference call on November 9, 2022, at 5:30 PM ET to discuss its third quarter 2022 financial results. Key executives, including Chairman Kim Rivers and CFO Alex D'Amico, will review the company's operating results. Interested parties can access the call through a toll-free number or via a live audio webcast. Trulieve is recognized as a leading cannabis firm in the U.S., operating primarily in Arizona, Florida, and Pennsylvania, with a focus on expanding its retail and distribution capabilities.
Trulieve Cannabis Corp. is set to open a new medical dispensary in Land O' Lakes, Florida, on October 15. Located at 17704 Aprile Drive, the dispensary will operate from 9 a.m. to 9 p.m. Monday to Saturday and 10 a.m. to 8 p.m. on Sunday. The grand opening will feature special discounts, including 25% off for registered patients and 50% off for first-time customers at any Florida location. With a broad selection of THC and CBD products, Trulieve aims to enhance access to medical marijuana for Florida patients.
Trulieve Cannabis Corp. (CSE: TRUL, OTCQX: TCNNF) announced its participation in notable cannabis conferences in October 2022. Key events include:
- Alliance Global Partners Virtual Consumer Cannabis Conference on October 4, featuring President Steve White.
- Arcview Access Cannabis Investment Summit on October 20, with Founder and CEO Kim Rivers.
As a leading U.S. cannabis company, Trulieve aims for growth through its established market positions in states like Arizona, Florida, and Pennsylvania.
Trulieve Cannabis Corp. has opened a new adult-use dispensary in Sierra Vista, Arizona, on October 1, 2022. The dispensary operates daily from 9 a.m. to 7 p.m.. Grand opening celebrations are scheduled for October 8, featuring giveaways, discounts, and community events. Trulieve, a leading cannabis company in the U.S., emphasizes high-quality products and customer service. The company entered the Arizona market in October 2021 through the acquisition of Harvest Health & Recreation, expanding its footprint in the state.
Trulieve Cannabis Corp. has announced a partnership with Wiz Khalifa to launch Khalifa Kush premium medical cannabis products in Florida. The official launch is scheduled for October 1, 2022, at select dispensaries. Khalifa will personally meet patients at three locations in South Florida, offering unique shopping experiences and chances to win Khalifa Kush merchandise. The product line aims to enhance patient experiences with high-quality cannabis products, furthering Trulieve's market presence in Florida and beyond.
Trulieve Cannabis Corp. has announced the grand opening of its new medical cannabis dispensary in Milton, West Virginia, on September 24, 2022. The dispensary will operate daily from 10 a.m. to 8 p.m. and offer a 25% discount to registered patients during the opening festivities. Trulieve provides a wide range of THC and CBD products, including flower and concentrates, aiming to enhance patient care in the region. The company currently operates multiple dispensaries across West Virginia and plans to open another location in Huntington by year-end.
Trulieve Cannabis Corp. announced that it has been awarded a Class 1 production license by the Georgia Access to Medical Cannabis Commission. This license allows Trulieve GA, Inc. to offer a variety of low-THC oil products to medical cannabis patients across Georgia. The company plans to establish an initial allocation of five dispensaries and is constructing an indoor cultivation facility in Adel, Georgia. This development aims to strengthen Trulieve's market presence in the Southeast and fulfill the growing demand for medical cannabis in the state.
Trulieve Cannabis Corp. (CSE: TRUL, OTCQX: TCNNF), a leading U.S. cannabis company, will participate in several key events in September 2022. CEO Kim Rivers is confirmed to speak at the 3rd Annual Needham Virtual Cannabis Conference on September 7, the Benzinga Cannabis Capital Conference on September 13, and the Wolfe Research Fall Consumer Conference on September 22. These engagements aim to enhance investor relations and showcase Trulieve's market leadership.
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