Trulieve Reports Third Quarter 2023 Results Delivering Significant Cash Generation
TALLAHASSEE, Fla. — Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), a leading and top-performing cannabis company in the U.S., today announced its results for the quarter ended September 30, 2023. Results are reported in U.S. dollars and in accordance with U.S. Generally Accepted Accounting Principles unless otherwise indicated. Numbers may not sum perfectly due to rounding. Q3 2023 Financial and Operational Highlights Revenue of $275 million, with 96% of revenue from retail sales. Achieved GAAP gross margin of 52%, with gross profit of $143 million. SG&A expenses lowered by $2 million sequentially to $94 million. Reported net loss of $25 million. Adjusted net loss of $15 million* excludes non-recurring charges, disposals and discontinued operations. Achieved EBITDA of $74 million*, or 27% of revenue and adjusted EBITDA of $78 million*, or 28% of revenue. Purchased $57 million face value senior secured 2026 notes for USD $47.6 million in September, which repre...