Welcome to our dedicated page for Trulieve Cannabis news (Ticker: TCNNF), a resource for investors and traders seeking the latest updates and insights on Trulieve Cannabis stock.
Trulieve Cannabis Corp. (TCNNF) generates frequent news across operations, finance, regulation, and product development, reflecting its role as a vertically integrated, multi-state cannabis operator. As an industry leading company with leading market positions in Arizona, Florida, and Pennsylvania, Trulieve’s announcements often cover expansion of its retail footprint, capital markets activity, and responses to evolving cannabis policy in the United States.
Investors and observers following Trulieve news will see regular updates on financial performance, such as quarterly results detailing revenue, gross margin, cash flow, and non-GAAP metrics like adjusted EBITDA and free cash flow. The company also issues press releases about conference calls and investor presentations, providing context on its operating strategy, retail network, and production capacity.
Trulieve’s news flow includes financing developments, such as private placements of senior secured notes, redemptions of existing debt, and related SEC filings. These items outline interest rates, maturities, security pledges, and intended use of proceeds for capital expenditures and general corporate purposes. Such updates are important for understanding the company’s capital structure and liquidity.
Operational news highlights new dispensary openings, licensing agreements, and market entries. For example, Trulieve has announced Trulieve-branded dispensaries in Ohio operated by a partner under license, as well as conditional approval for a Dispensing Organization license under the Texas Compassionate Use Program. Product-focused releases showcase new offerings, including additional flavors of Onward and Upward THC-infused beverages and other branded cannabis products.
Policy and regulatory developments also feature in Trulieve’s news, including its public support for marijuana rescheduling to Schedule III under the Controlled Substances Act. For users tracking TCNNF, this news page offers a centralized view of the company’s financial updates, expansion moves, product launches, and regulatory commentary over time.
Trulieve Cannabis Corp. announced the grand opening of a new medical dispensary in Palatka, Florida, on March 8, 2023. The dispensary, located at 101 North Highway 17, will operate from 9 a.m. to 9 p.m., Monday to Saturday, and from 10 a.m. to 8 p.m. on Sundays. To celebrate the opening, registered patients will receive a 30% discount along with various giveaways and activities throughout the day. Trulieve continues to lead Florida's medical cannabis market, offering the largest selection of THC and CBD products, and providing home delivery and online orders. The company aims to enhance patient access and customer experience.
Trulieve Cannabis Corp. (TCNNF) reported record revenue of $1.24 billion in 2022, a 32% increase year-over-year. Q4 revenue was $302 million, with a 2% sequential retail growth. The company operates 181 dispensaries across 11 states, expanding its footprint by 14%. Fourth quarter results included a GAAP gross margin of 50% and an adjusted EBITDA of $85 million. Despite these successes, Trulieve faced a net loss of $77 million and an adjusted net loss of $35 million. The company aims for cash generation while pursuing growth opportunities within the U.S. cannabis market.
Trulieve Cannabis Corp. announced the grand opening of its new medical cannabis dispensary in Beckley, West Virginia, on March 3, 2023. Located at 1000 N Eisenhower Dr., the dispensary operates from 10 a.m. to 8 p.m. on weekdays and 10 a.m. to 6 p.m. on Sundays. The opening festivities included giveaways, food, and a 25% discount for registered patients. Trulieve plans to offer a wide selection of THC products, including flower, concentrates, and tinctures. This new location enhances Trulieve's footprint in West Virginia, where it already operates additional dispensaries in cities like Huntington and Charleston.
On February 27, 2023, Trulieve Cannabis Corp. hosted a fireside chat in Atlanta with Civil Rights Leader Ambassador Andrew Young, celebrating Black History Month. The event, titled "The Work Continues," featured Young sharing insights from his experiences with Dr. Martin Luther King Jr., encouraging community leadership and activism. Trulieve's CEO, Kim Rivers, emphasized the company's commitment to Diversity, Equity, and Inclusion (DEI) programs, including its Supplier Diversity Program aimed at supporting diverse businesses. This event highlights Trulieve's ongoing dedication to community investment and social impact.
Trulieve Cannabis Corp. (OTCQX: TCNNF) announced a rescheduling of its fourth quarter and full year 2022 financial results and earnings call due to the transition to a large accelerated filer as of December 31, 2022. This change imposes a 60-day deadline for filing the Form 10-K, requiring additional time for audit completion. Consequently, Trulieve will file a Form 12b-25 and expects to submit its Form 10-K within a 15-day extension from the original March 1, 2023, due date. The earnings call is now set for March 8, 2023, featuring key executives discussing the financial and operational results.
Trulieve Cannabis Corp. is set to launch adult-use cannabis sales at its newly relocated dispensary in Bristol, Connecticut, on February 17, 2023, at 10 a.m. This event will feature a ribbon-cutting ceremony with food, music, and giveaways. The hybrid dispensary will operate Monday through Saturday from 9 a.m. to 8 p.m., and on Sundays from 10 a.m. to 6 p.m., reserving the first hour of each day for medical sales only. Trulieve has a longstanding presence in Connecticut, having served the medical market since 2014, and aims to enhance customer experience with a spacious showroom and ample parking. The company is positioned for growth in the adult-use market.
On February 15, 2023, Trulieve Cannabis Corp. (CSE: TRUL; OTCQX: TCNNF) became the first multi-state operator in the cannabis industry to launch advertising campaigns on Twitter, following a significant policy change by the platform allowing such advertisements. Trulieve's Chief Marketing Officer, Gina Collins, expressed excitement about this historic step towards normalizing cannabis use in the U.S. The company plans to expand its advertising efforts in compliance with state regulations across various markets. CEO Kim Rivers also acknowledged the opportunity for increased awareness of cannabis benefits through this partnership.
Trulieve Cannabis Corp. will hold a conference call on March 1, 2023, at 8:30 AM ET to discuss its Q4 and full year 2022 financial results. The call will feature key executives, including Kim Rivers, CEO, and CFO Alex D'Amico. Participants are encouraged to dial in 15 minutes early at 1-888-317-6003 for North America, or 1-412-317-6061 for international calls, using passcode 0344386. A live audio webcast will be available, with an archived replay offered post-call. Trulieve, a leading U.S. cannabis company, operates in various states including Arizona, Florida, and Pennsylvania, focusing on innovative products and growth strategies.
Trulieve Cannabis Corp. announces the February launch of two proprietary cannabis brands, Roll One on February 3 and Modern Flower on February 10, in Massachusetts. Roll One offers quality cannabis at an everyday value with a variety of flower options, including a new pre-roll 4-pack. Modern Flower focuses on accessibility and innovation, featuring indoor-grown strains designed for everyday use. Both brands will be available in Trulieve dispensaries across multiple states, enhancing the company's market presence. With this expansion, Trulieve aims to cater to the growing needs of Massachusetts' cannabis consumers.
Trulieve Cannabis Corp. announced the launch of two proprietary cannabis brands, R.O. and Modern Flower, in West Virginia. R.O. will be available starting February 3, 2023, focusing on quality at value prices, while Modern Flower will be launched on February 10, 2023, aiming for accessibility and diversity in products. Both brands will feature indoor-grown cannabis, with R.O. offering various flower options, and Modern Flower catering to modern consumers with innovative products. The company sees this expansion as pivotal in enhancing its market presence and providing high-quality cannabis to customers in the growing West Virginia market.