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. reports news about its U.S. cannabis operations, financial results, dispensary expansion, regulatory developments, and capital actions. The company is a vertically integrated multi-state cannabis operator with established hubs in the Northeast, Southeast, and Southwest, anchored by markets including Arizona, Florida, Ohio, and Pennsylvania. Its updates frequently cover retail sales, margins, cash flow, senior secured note financing, and medical cannabis store openings.
Company announcements also address medical marijuana regulation, including Schedule III rescheduling and DEA registration activity for state-licensed medical operations. Product-related news highlights Trulieve's in-house and partner cannabis brands offered through its dispensary network.
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.
Trulieve Cannabis Corp. (TCNNF) announced the relocation of its affiliated medical marijuana dispensary to Lancaster, Pennsylvania at 1603 Manheim Pike #1651. The new location will celebrate its grand opening on Friday, January 31st with a ribbon cutting ceremony, partner giveaways, and special discounts.
The relocated dispensary joins Trulieve's extensive network of 19 affiliated dispensaries across Pennsylvania, including locations in Camp Hill, Coatesville, Cranberry Township, and other major cities. The Lancaster location will operate Monday through Saturday from 9 a.m. to 8 p.m., and Sundays from 10 a.m. to 6 p.m.
Trulieve Cannabis Corp. (TCNNF) announced the opening of a new dispensary in Zanesville, Ohio, expanding its presence in Muskingum County. The location at 3674 Maple Avenue will operate seven days a week from 8 a.m. to 9 p.m., offering walk-in and express pickup services.
The grand opening celebration is scheduled for Friday, January 17, featuring special promotions and giveaways. The new location joins Trulieve's existing Ohio dispensaries in Beavercreek, Columbus, and Westerville. The dispensary will offer a comprehensive range of cannabis products, including capsules, edibles, flower, tinctures, and topicals.
Trulieve Cannabis Corp. (CSE: TRUL, OTCQX: TCNNF), a leading U.S. cannabis company, has announced its planned participation in the 27th Annual Needham Growth Conference on January 17, 2025. The company's Vice President of Investor Relations, Christine Hersey, will present and engage in investor meetings.
For more information about the events, links, and slide presentations, visit: Trulieve Events.
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), a leading U.S. cannabis company, announced the opening of a new dispensary in Maricopa, Arizona. The grand opening celebration will be held on Saturday, January 11, starting with a ribbon-cutting ceremony at 7:45 a.m., followed by festivities including food trucks, music, partner giveaways, and special discounts.
CEO Kim Rivers expressed pride in bringing Trulieve's products and customer experience to western Pinal County. The new dispensary, located at 44405 West Honeycutt Avenue, will operate from 8 a.m. to 10 p.m. daily, offering a wide range of in-house brands such as Alchemy, Avenue, Co2lors, Loveli, Modern Flower, Muse, and Roll One, along with products from popular partner brands.
Trulieve's presence in Arizona includes dispensaries in multiple locations such as Apache Junction, Avondale, Casa Grande, Chandler, Cottonwood, Glendale, Guadalupe, Mesa, Peoria, Phoenix, Scottsdale, Sierra Vista, Tempe, and Tucson.
For further details on store activations and other locations, visit www.trulieve.com/dispensaries/arizona.