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. (CSE: TRUL) (OTCQX: TCNNF) is opening new medical cannabis dispensaries in Miramar Beach, Niceville, Tampa, and Cocoa, Florida. Grand opening celebrations are scheduled for September 6th, featuring music, specials, discounts, and patient education opportunities. The dispensaries will operate from 9 a.m. to 8:30 p.m. Monday through Saturday and 11 a.m. to 8 p.m. on Sundays, offering walk-in and express pickup services.
These new locations will carry Trulieve's in-house brands and exclusive partner brands. The company offers home delivery, online ordering, and in-store pickup across Florida. Veterans receive a 20% discount, and first-time customers are eligible for a 60% discount at any Florida Trulieve location.
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) has received a Gold award for its TruU-GROW cultivation training program in the 2024 Brandon Hall Group HCM Excellence Awards™. The program was recognized in the new category of Best Competencies and Skill Development.
TruU-GROW is designed to introduce new hires to Trulieve's proprietary cultivation processes through various training methods, including web-based modules, instructional videos, textbooks, workbooks, and peer instruction. This recognition follows six Gold awards received by the program in 2023.
Kyle Landrum, Trulieve's Chief Production Officer, emphasized the company's commitment to quality and employee development through this program. The Brandon Hall Group, a global leader in human capital management research, acknowledges organizations for their innovative use of HCM strategies to achieve outstanding business results.
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) has announced a groundbreaking partnership with the Carvana PPA Tour and MLP by Margaritaville, becoming the first cannabis operator to sponsor professional pickleball organizations. The partnership includes sponsorship of 12 premier pickleball events in Arizona, Florida, and Georgia, starting with the CIBC Atlanta Slam in September 2024.
The collaboration aims to capitalize on pickleball's rapid growth, with the sport boasting 13.6 million players in the U.S. and experiencing a 50% increase in registered players from 2022 to 2023. Trulieve's CEO, Kim Rivers, expressed excitement about connecting with athletes, educating spectators on cannabis benefits, and supporting top players in America's fastest-growing sport.
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) is set to open a new medical cannabis dispensary in Orlando, Florida on August 24, 2024. The grand opening celebration is scheduled for August 30, featuring music, specials, discounts, and educational opportunities. Located at 6655 S Semoran Blvd, the dispensary will operate from 9 a.m. to 8:30 p.m. Monday through Saturday and 11 a.m. to 8 p.m. on Sundays.
The new location will offer a wide range of products, including Trulieve's in-house brands and partner brands. Customers can benefit from home delivery, online ordering, and in-store pickup options. Veterans receive a 20% discount, while first-time customers are eligible for a 60% discount at any Florida Trulieve location.
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) has announced the opening of a new medical cannabis dispensary in New Port Richey, Florida. The grand opening celebration is scheduled for Friday, August 16th, featuring music, specials, discounts, and patient education opportunities. Located at 7002 State Rd 54, 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.
The new location will offer a wide variety of products, including Trulieve's in-house brands and exclusive partner brands. Trulieve continues to expand its presence in Florida, offering home delivery, online ordering, and in-store pickup options. The company also provides a 20% discount for veterans and a 60% discount for first-time customers.
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), a leading U.S. cannabis company, has announced its participation in the Canaccord Genuity 44th Annual Growth Conference on August 14, 2024. Christine Hersey, Vice President of Investor Relations, will represent Trulieve in a fireside chat and investor meetings. This event participation underscores Trulieve's commitment to engaging with investors and industry professionals.
Investors and interested parties can find more information about Trulieve's events, including links and slide presentations, on the company's investor relations website at https://investors.trulieve.com/events. This announcement highlights Trulieve's proactive approach to investor relations and its efforts to maintain transparency with shareholders.
Trulieve Cannabis Corp. reported strong Q2 2024 results, exceeding quarterly guidance. Key highlights include:
- Revenue of $303 million, up 2% sequentially and 8% year-over-year
- Gross margin of 60%
- EBITDA of $88 million (29% of revenue)
- Adjusted EBITDA of $107 million (35% of revenue)
- Generated $71 million in operating cash flow and $45 million in free cash flow
- Ended quarter with $356 million cash
The company launched adult-use sales in Ohio at three locations and opened new dispensaries in Florida and Pennsylvania. Trulieve now operates 206 retail locations across the U.S. Management noted the company is well-positioned for upcoming growth catalysts given its financial performance and scale in key markets.
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) marked the launch of adult use cannabis sales in Ohio on August 6, 2024. The company celebrated by reserving its first online order, which was picked up at their Westerville location. Trulieve's CEO, Kim Rivers, expressed pride in serving both medical patients and new adult use customers as Ohio's cannabis market expands.
The first adult use sale included a variety of products such as flower, vape cartridge, concentrate, and edibles. Trulieve operates three dispensaries in Ohio, located in Beavercreek, Columbus, and Westerville, offering a wide range of cannabis products including capsules, edibles, flower, tinctures, and topicals.
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) has announced the launch of adult use cannabis sales in Ohio on Tuesday, August 6th. The company will begin adult use sales at its dispensaries in Beavercreek, Columbus, and Westerville. This move follows a successful ballot initiative last year that legalized recreational cannabis use in Ohio.
CEO Kim Rivers expressed excitement about being among the first operators to launch adult use sales in the state, emphasizing Trulieve's commitment to maintaining excellent service for existing medical patients while welcoming new adult use customers. The company's Ohio dispensaries offer a wide range of products, including capsules, edibles, flower, tinctures, and topicals from popular brands.
Trulieve Cannabis Corp. (OTCQX: TCNNF) has launched a new product line called #YesOn3 to support the ballot initiative for legalizing adult cannabis use in Florida. The products, available from July 30, include two new cannabis strains: 'Yo3' (a collaboration with Sunshine Cannabis) and 'Yon3' (Trulieve-specific). The #YesOn3 line features pre-rolls, flower, gummies, and vape cartridges.
CEO Kim Rivers emphasized the importance of giving Florida adults access to regulated cannabis products. Trulieve's proceeds from these specialty products may support Amendment 3. The company is also offering #YesOn3 yard signs at Florida retail locations from August 2. Trulieve continues to provide home delivery, online ordering, and in-store pickup across Florida, with special discounts for veterans and new customers.
FAQ
What is the current stock price of Trulieve Cannabis (TCNNF)?
What is the market cap of Trulieve Cannabis (TCNNF)?
