Business
Trulieve Reports First Quarter 2025 Results Demonstrating Core Business Strength
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., today announced its results for the quarter ended March 31, 2025. 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.
About this update from Trulieve Cannabis Corp.
[{"type":"list","items":[{"val":[{"type":"text","content":"First quarter revenue of $298 million, with 62% gross margin ","length":60,"tagName":"p"}]},{"val":[{"type":"text","content":"Cash flow from operations of $51 million and free cash flow of $34 million*","length":75,"tagName":"p"}]},{"val":[{"type":"text","content":"4/20 holiday season units sold and traffic increased 20% and 9%, respectively, year over year","length":93,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":228,"olType":false},{"type":"text","content":"TALLAHASSEE, Fla., May 7, 2025 /CNW/ -- Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., today announced its results for the quarter ended March 31, 2025. 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.","length":457,"tagName":"p"},{"type":"image","alt":"Trulieve logo (PRNewsfoto/Trulieve Cannabis Corp.)","displaySize":"","headline":null,"caption":"Trulieve logo (PRNewsfoto/Trulieve Cannabis Corp.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":257,"url":"https://media.zenfs.com/en/cnwgroup.com/7d6a1aaddff80bfd774237fb96448085"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/zx60UivjgPJ7cg0NcfCImQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ1MztjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/7d6a1aaddff80bfd774237fb96448085","width":400,"height":257}},"href":"https://mma.prnewswire.com/media/1720011/Trulieve_LogoV1.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Q1 2025 Financial and Operational Highlights*","length":50,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue of $298 million increased slightly year over year, with 95% of revenue from retail sales.","length":97,"tagName":"p"}]},{"val":[{"type":"text","content":"Achieved gross margin of 62% versus 58% last year, with GAAP gross profit of $183 million.","length":90,"tagName":"p"}]},{"val":[{"type":"text","content":"Reported net loss attributable to common shareholders of $33 million. Adjusted net loss of $3 million* excludes non-recurring charges, asset impairments, disposals and discontinued operations.","length":192,"tagNa...