TRULIEVE CANNABIS CORP - TCNNF STOCK NEWS

Trulieve Cannabis Corp. (OTCQX: TCNNF) reported Q2 2022 financial results, showcasing a 49% year-over-year revenue increase to $320.3 million, with retail revenue up 3% sequentially. Despite a net loss of $22.5 million, there was a 30% sequential improvement. Adjusted EBITDA rose by 17% to $111 million, representing 35% of revenue. The company is adjusting its 2022 revenue guidance down to $1.25-$1.3 billion due to market conditions. Operationally, Trulieve opened new dispensaries and expanded product lines while navigating economic challenges.

Trulieve Cannabis Corp. has opened its first Trulieve-branded dispensary in Arizona on August 2, 2022, located in downtown Phoenix's Roosevelt Row neighborhood. The dispensary operates daily from 8 a.m. to 10 p.m. and aims to serve the local community with a wide variety of cannabis products, including popular brands from both Trulieve and partner brands. The opening event featured a ribbon cutting ceremony attended by key executives, along with community activities like food trucks and special discounts. Trulieve continues to expand its presence after acquiring Harvest Health & Recreation in 2021.

Trulieve Cannabis Corp. will hold a conference call on August 10, 2022, at 8:30 AM Eastern Time to discuss its second quarter 2022 financial results. Key executives including Chairman Kim Rivers, CFO Alex D'Amico, and President Steve White will present the financial and operating results. Interested participants can join the call by dialing the provided numbers, and a live audio webcast will also be available. Trulieve operates in 11 states, focusing on growth in retail and distribution. The company is listed as TCNNF on OTCQX.

Trulieve Cannabis Corp. has opened a new medical dispensary in Hollywood, Florida, on July 12, 2022. This location, at 2908 Hollywood Blvd., aims to enhance patient access to medical cannabis with regular hours from 9am to 9pm (Monday-Saturday) and 10am to 8pm (Sunday). The grand opening features a 25% discount for registered patients and a 50% discount for first-time customers. Trulieve is known for its extensive range of THC and CBD products and offers statewide home delivery and online ordering services.

Trulieve Cannabis Corp. has opened a new medical dispensary in Apopka, Florida, enhancing patient access to cannabis products. The dispensary, located at 2121 W Orange Blossom Trail, offers regular hours from 9am to 9pm, and provides various discounts including 25% for registered patients and 50% for first-time guests. The grand opening on July 9, 2022, features festivities and multiple partner giveaways. Known as a leading cannabis provider in Florida, Trulieve offers a vast selection of THC and CBD products, alongside personalized patient care and support.

Trulieve Cannabis Corp. announced the opening of a new medical dispensary in Hurricane, West Virginia, on July 6, 2022. This marks the company’s sixth location in the state, which has seen a surge of nearly 10,000 registered medical cannabis patients in less than a year. The grand opening celebration is scheduled for July 9, featuring special offers for patients, including a 25% discount. Trulieve continues to expand its presence with plans for more dispensaries in West Virginia, providing a wide range of THC and CBD products to meet the needs of local patients.

Trulieve Cannabis Corp. announced the opening of a new medical dispensary in Coral Springs, Florida, on July 1, 2022. This facility will operate seven days a week, enhancing patient access to medical cannabis. The grand opening features various festivities and a 25% discount for all registered patients. Trulieve emphasizes its commitment to quality products and personalized patient care, offering a wide range of THC and CBD products. The company operates in 11 states and is a leading cannabis provider with a focus on expanding access and customer experience.

Trulieve Cannabis Corp. held its Annual Meeting of Shareholders on June 8, 2022, where resolutions were approved to elect eight directors and reappoint Marcum LLP as auditors. A total of 97,288,636 votes were cast, representing 52.8% of outstanding shares. The elected directors are Kim Rivers, Giannella Alvarez, Thad Beshears, Peter Healy, Richard May, Thomas Millner, Jane Morreau, and Susan Thronson. The company, operating in 11 states and a leading cannabis operator, aims for growth and market expansion.