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. (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.
Trulieve Cannabis reported strong Q4 and full-year 2024 results, with Q4 revenue reaching $301 million, up 5% year-over-year. The company achieved a gross margin of 62% in Q4, improving from 54% in Q4 2023.
Full-year 2024 highlights include revenue of $1.2 billion (5% YoY growth), gross margin of 60%, and record adjusted EBITDA of $420 million (35% of revenue). The company generated record cash flow from operations of $271 million and free cash flow of $150 million.
Notable developments include expanding retail presence to 225 locations nationwide, launching adult-use sales in Ohio, and introducing Onward, a premium non-alcoholic THC beverage line. The company reported a net loss of $155 million for 2024, with adjusted net loss of $19 million excluding non-recurring charges.
Trulieve Cannabis Corp. (TCNNF) has launched Onward, a premium non-alcoholic THC beverage line targeting social occasions. The Farm Bill compliant beverages are currently available online and will be distributed to select Total Wine locations in Florida.
The product line features five flavors: Blueberry Mojito, Italian Spritz, Passionfruit Martini, Peach Bellini, and Sea Salt Margarita. These low-calorie drinks are made in the USA using naturally derived THC and CBD, without artificial ingredients.
Available to consumers aged 21 and older, Onward can be purchased through DrinkOnward.com with shipping to 36 states. The beverages will soon be available in eight Florida Total Wine locations including Clearwater, Fort Lauderdale, Jacksonville, Miami, Orlando, Tallahassee, Tampa, and St. Petersburg, offered in four-packs and variety packs.
Trulieve Cannabis Corp. (TCNNF) announced the opening of a new dispensary in Columbus, Ohio, marking its fifth location in the state. The Trulieve Columbus South High Street location at 601 South High Street will celebrate its grand opening on Friday, February 21, 2025, featuring special promotions and giveaways.
The new dispensary will operate seven days a week from 8 a.m. to 9 p.m., offering both walk-in and express pickup services. The location will provide customers with a comprehensive range of cannabis products, including capsules, edibles, flower, tinctures, and topicals.
This expansion adds to Trulieve's existing Ohio presence, with other locations in Beavercreek, Columbus (North High Street), Westerville, and Zanesville.
Trulieve Cannabis Corp. (TCNNF) announced the opening of a new medical cannabis dispensary in Middleburg, Florida. The location at 1539 Blanding Boulevard will open with a grand celebration on February 14, 2025, featuring music, specials, discounts, and patient education session registrations.
The new store 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 dispensary 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.
The location offers 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 announced its upcoming fourth quarter and full year 2024 financial results conference call, scheduled for February 27, 2025, at 8:30 AM Eastern Time. Chairman, Founder, and CEO Kim Rivers along with CFO Wes Getman will lead the call to review the company's financial and operating results.
The conference call will be accessible via phone through North American toll-free number (1-844-824-3830) and International number (1-412-542-4136), both using passcode 0313762. Additionally, a live audio webcast will be available, with an archived replay accessible through the company's investor relations website.
Trulieve Cannabis Corp. (TCNNF) announced the opening of a new medical cannabis dispensary in Palm Coast, Florida. The location at 5650 State Road 100 will celebrate its grand opening on Friday, January 31, 2025, featuring special events 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.
The location will provide 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.
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