Trulieve Cannabis Corp Stock Price, News & Analysis

Trulieve Cannabis Corp. supports Disabled American Veterans (DAV) at a recruiting event in Atlanta on December 8, aiming to provide career opportunities to veterans and military spouses. As DAV's exclusive national partner, Trulieve emphasizes inclusivity in hiring within the growing medical cannabis sector. Recently, Trulieve opened a new indoor cultivation facility in Georgia, enhancing its capacity to produce medical cannabis products for patients statewide. The company remains committed to community investment and has a strong track record of supporting diversity initiatives.

Trulieve Cannabis Corp. announced the launch of Khalifa Kush premium medical marijuana products, set to debut on December 12, 2022, across their branded dispensaries in Pennsylvania. This initiative, part of an exclusive partnership with artist Wiz Khalifa, coincides with the designation of Wiz Khalifa Day by the Pittsburgh City Council. Khalifa will meet patients at select locations and participate in pop-up events offering branded swag.

The Khalifa Kush line is already available in Florida and Arizona, with plans for expansion into Maryland.

Trulieve Cannabis Corp. has opened a new medical dispensary in Hobe Sound, Florida, enhancing patient access to medical cannabis. The dispensary is located at 10835 SE Federal Hwy. and operates daily from 9 a.m. to 9 p.m. (10 a.m. to 8 p.m. on Sundays). During the grand opening, patients can enjoy a 25% discount and first-time guests can access a 50% new customer discount. Trulieve, a leader in the U.S. cannabis market, offers the largest selection of THC and CBD products, catering to Florida's medical marijuana patient population.

Trulieve Cannabis Corp. (OTCQX: TCNNF) announced its participation in several key conferences in December 2022, aimed at enhancing investor engagement. Kim Rivers, CEO, will take part in discussions at the Cowen 5th Annual Cannabis Conference on December 6 and the Arcview Access Cannabis Investment Summit on December 8. Steve White, President, will represent the company at the Stifel 3rd Annual Future of Healthcare Conference on December 7. These events are part of Trulieve's strategy to strengthen its market presence and stakeholder relationships.

Trulieve Cannabis Corp. has announced the grand opening of its newest medical dispensary in Huntington, West Virginia, on November 19. This location will operate from 10 a.m. to 8 p.m. Monday through Saturday and 10 a.m. to 6 p.m. on Sundays. Customers will enjoy grand opening festivities, including giveaways and a 25% discount for registered patients. Trulieve continues to expand its presence in West Virginia, offering a diverse range of THC and CBD products including flower, concentrates, tinctures, and topicals, catering to the needs of its patients.

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.