Trulieve Cannabis (TCNNF) Stock News

Trulieve Cannabis Corp. (TCNNF) has launched the 'Roll-Up for Justice' campaign to support Mission [Green], a national initiative focused on helping individuals affected by cannabis prohibition. During June and July 2025, customers in Arizona, Connecticut, Florida, Georgia, and Maryland can round up their purchases to the nearest dollar to support the cause. Mission [Green], founded by Weldon Angelos who was previously sentenced to 55 years for minor cannabis sales, focuses on providing clemency, expungement assistance, commissary support, and advocating for legislative reform. The initiative aims to address the lasting impacts of outdated cannabis laws and support affected individuals.

Trulieve Cannabis Corp. (TCNNF) announced the opening of a new Trulieve-branded dispensary in Lorain, Ohio. The dispensary, operated by Harvest Grows LLC through a licensing agreement, will open on May 16, 2025, featuring special promotions and giveaways.

Located at 7420 Oak Point Road, the dispensary will operate daily from 9 a.m. to 9 p.m., offering walk-in and express pickup services. The facility will provide various cannabis products, including capsules, edibles, flower, tinctures, and topicals. This addition complements Trulieve's existing five owned dispensaries across Ohio in Beavercreek, Columbus (2 locations), Westerville, and Zanesville.

Trulieve Cannabis Corp. reported its Q1 2025 financial results, showing stable performance with revenue of $298 million and an improved gross margin of 62% compared to 58% last year. The company generated $51 million in operating cash flow and $34 million in free cash flow. Despite strong operational metrics, Trulieve reported a net loss of $33 million. The company's loyalty program reached over 625,000 members, accounting for 68% of transactions. During Q1, Trulieve expanded its retail presence with six new dispensaries across Arizona, Florida, and Ohio, and launched Onward, a premium THC beverage. The 4/20 holiday season showed strong performance with units sold and traffic increasing 20% and 9% year-over-year, respectively. The company currently operates 229 retail dispensaries and over four million square feet of cultivation capacity.

Trulieve Cannabis Corp. (OTCQX: TCNNF) has scheduled its first quarter 2025 financial results conference call for Wednesday, May 7, 2025, at 8:30 AM Eastern Time. The call will feature Chairman, Founder, and CEO Kim Rivers alongside Interim CFO Ryan Blust, who will review the company's financial and operating results.

Participants can join through North American toll-free number 1-844-824-3830 (Passcode: 4932405) or International line 1-412-542-4136 (Passcode: 4932405). A live audio webcast will be available, with an archived replay accessible through the company's investor relations website.

Trulieve Cannabis Corp. (OTCQX: TCNNF) announced the opening of a new medical cannabis dispensary in St. Petersburg, Florida. The location at 3210 Central Avenue will feature drive-through, walk-in, and express pickup services, operating Monday-Saturday (9 AM - 8:30 PM) and Sundays (11 AM - 8 PM).

The dispensary will celebrate its grand opening on April 11th, 2025, with music, specials, discounts, and patient education session registrations. The facility will offer Trulieve's in-house brands including Alchemy, Co2lors, Cultivar Collection, and others, alongside exclusive partner brands such as Alien Labs, Bellamy Brothers, and Khalifa Kush.

The location provides enhanced accessibility for Pinellas County patients, offering home delivery, online ordering, and in-store pickup. Veterans receive a 20% discount with military ID, while first-time customers are eligible for a 60% discount at any Florida location.

Trulieve Cannabis Corp. (TCNNF) has expanded the distribution of its premium THC beverage line Onward to select Shores Liquor locations in Florida, with plans to launch at ABC Fine Wine & Spirits stores soon.

The non-alcoholic cocktail collection features five flavors: Blueberry Mojito, Italian Spritz, Passionfruit Martini, Peach Bellini, and Sea Salt Margarita. These beverages are low-calorie and crafted using naturally derived THC and CBD, containing no artificial flavors, colors, or sweeteners.

Available to consumers aged 21 and older, Onward can be purchased at select Florida retail locations or ordered through DrinkOnward.com for direct shipment to 36 states. Each batch undergoes laboratory testing at final formulation, with results accessible online.

Trulieve Cannabis Corp. (OTCQX: TCNNF) has announced the opening of a new medical cannabis dispensary in North Miami Beach, Florida. The location at 175 Northwest 167th Street will open with a grand celebration on Friday, March 21, 2025, featuring music, specials, and discounts.

The dispensary will operate Monday through Saturday from 9 a.m. to 8:30 p.m. and Sundays from 11 a.m. to 8 p.m., offering walk-in and express pickup services. The facility will stock Trulieve's in-house brands including Alchemy, Co2lors, Cultivar Collection, and others, alongside exclusive partner brands such as Alien Labs, Bellamy Brothers, and Khalifa Kush.

Services include home delivery, online ordering, and in-store pickup. Veterans receive a 20% discount with military ID, while first-time customers are eligible for a 60% discount at any Florida location.

Trulieve Cannabis (OTCQX: TCNNF) announced leadership changes in its financial department. Ryan Blust, the company's Vice President of Finance, has been appointed as interim Chief Financial Officer, effective March 6, 2025, following the departure of Wes Getman who left to pursue other opportunities.

Blust brings over 20 years of accounting and finance experience to the role, having been with Trulieve since 2018. His previous experience includes positions as Controller at Vector Solutions, CFO at Honeycomb Company of America, and Assistant Controller at Marinemax. The company has engaged an executive recruitment firm to search for a permanent CFO.

CEO Kim Rivers acknowledged Getman's contributions, particularly in implementing Sarbanes Oxley compliance requirements. The company confirmed that Getman's departure is not related to any disagreements regarding accounting principles, practices, or financial statement disclosures.

Trulieve Cannabis has appointed co-founder Jason Pernell as President, effective immediately. Pernell, who helped establish Trulieve in 2015 alongside Chairman and CEO Kim Rivers, brings over 20 years of experience as an entrepreneur and cannabis operator.

According to CEO Kim Rivers, Pernell has been important to the company's growth and success over the past decade, particularly contributing to Trulieve's outstanding performance in Florida. In his statement, Pernell expressed enthusiasm about the opportunity to grow the company through product excellence and innovation while maintaining a customer-first approach.